Reuters – Sri Lankan shares fell on Monday from a five-month closing high to snap an 11-session winning streak as investors took profits in blue chips that had gained in a rally driven by foreign-buying. The Colombo stock index ended down 0.8 percent at 6,351.26, slipping from its highest close since Nov. 15 hit in…
In a new breakthrough for Sri Lankan exports sector, one of the fastest growing free ports in the world, and one of the biggest free-ports in the powerful Gulf Cooperation Council has opened its doors to Sri Lanka with unparalleled incentives of entry hitherto not offered by other free ports in the world-and historic Ceylon…
Rreuters – Sri Lankan shares extended gains for an eleventh straight session, posting their biggest single-day gain in more than two years, as foreign investors aggressively bought blue chip stocks. The Colombo stock index ended 1.55 percent firmer at 6,402.99, its highest close since Nov. 15, 2016. The index recorded its biggest percentage gain since…
SriLankan Airlines is strengthening its presence in the Japanese travel market through the expansion of its codeshare agreement with oneworld alliance partner Japan Airlines (JAL), to introduce six new routes and together provide passengers with seamless connectivity on an extraordinary choice of 84 flights a week between Japan and South Asia and beyond. The…
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…
