Reuters – Sri Lankan shares rose for the tenth straight session on Tuesday to close at their highest in nearly four months, helped by positive sentiment over continued foreign buying in blue chip stocks. The market has seen fund inflows for 15 straight sessions through Tuesday, with foreign investors buying net 4.9 billion worth of…
The European Union (EU) will step up its assistance to Sri Lanka, by providing Euro 42 million (approximately LKR 6.93 billion) for the implementation of two programmes: Support to the Modernisation of the Agricultural Sector in Sri Lanka (EUR 30 million) and Strengthening Reconciliation Processes in Sri Lanka (EUR 12 million). Secretary to the Ministry…
Reuters – The role of trade as a driver of global growth is threatened by a slowdown in trade reform since the early 2000s and an uptick in protectionism after the financial crisis, the International Monetary Fund, World Trade Organization and World Bank said on Monday. Unveiling a joint report in Berlin entitled ‘Making Trade…
Fitch Ratings-Singapore/Colombo-10 April 2017: Fitch Ratings has affirmed Sri Lanka-based telecom company Dialog Axiata PLC’s National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS Market-Leading Position: Dialog’s standalone credit profile of ‘AAA(lka)’ is underpinned by its market leadership in the expanding mobile and pay-TV segments. We believe Dialog is in a position…
To help new members of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) reach their full professional potential, 15 distinguished members of the institute came forward to mentor over 75 new chartered accountants by helping them enhance their professional learning in order to help them reach their professional goals. The mentoring programme…
SilkAir, the regional wing of Singapore Airlines, launched its inaugural flight to Colombo, the capital of Sri Lanka, joining its parent carrier in serving the route. With the launch of this thrice-weekly flights, SilkAir’s route network is now extended to 53 destinations across 15 countries. The inaugural MI428 flight departed this morning at 8.50am from…
Emirates has resumed its full schedule of flights to and from Colombo from Friday, 7th April, by recommencing 13 flights that were cancelled during the three-month daytime closure of the Bandaranaike International Airport (BIA) for runway renovation. The resumed services are Emirates’ daily flight to Singapore and a fifth daily flight to Dubai, operating all…
President Maithripala Sirisena said that the current tax collection mechanism should be efficient and systematic for the development of the national economy. He stated this addressing the 16th annual meeting of Commissioners Association of Inland Revenue held yesterday (6th April) in Colombo. He said, number of issues has occurred due to the shortcomings in the…
Reuters – Sri Lankan shares rose for an eighth straight session on Thursday to their highest close in nearly four months led by blue chips such as Ceylon Tobacco Company Plc and John Keells Holdings Plc as continued foreign buying boosted sentiment. The Colombo stock index ended 0.83 percent firmer at 6,250.04, its highest close…
The latest data released by the Sri Lanka Tourism Development Authority indicate that 188,076 tourist had arrived in Sri Lanka during March 2017. In comparison to the 192,841 tourist arrivals in March 2016, this is a drop of 2.5 per cent. Despite a record 12.9 per cent growth in the number of tourist arrivals in…
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