The Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission of Sri Lanka (SEC) recently engaged the business and investor community in Polonnaruwa to educate participants on stock market investments and listing on the stock exchange through the Empower Board. The Investor Forum marked the 18th event of the regional investor forum…
Issuing a notice the Central bank of Sri Lanka warned the public on several unauthorized and unregulated online forex trading scams operated by some companies where people have lost money. The CBSL noted that there are advertisements circulated in the print and electronic media, social media, internet and unsolicited e-mails by some companies to encourage…
The Board of Investment of Sri Lanka signed an Agreement with Omega Line Limited to reconstruct the factory building complex at the existing premises at Sandalankawa as an expansion of the existing project, representing an additional Investment of US$ 24 million. The Agreement was signed by Mr. Mangala Yapa, Chairman of the BOI and Mr….
The imposition of taxes inclusive of the Special Commodity Levy (SCL) the Ports and Airports Development Levy (PAL) and the Commodity Exports Support Scheme Levy (CESS Levy) which comes under para‑tariffs imposed in order to increase the Government annual revenue, to protect the local products from the competitiveness of importation, results in the increase in…
Headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI) increased to 5% in September 2019 from 3.4%in August 2019, the Central Bank of Sri Lanka said. The monthly increases of prices of items in both Food and Non-food categories contributed to this increase as reflected in year-on-year Food and…
The Financial Action Task Force (FATF), the global policy setter on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), has delisted Sri Lanka from FATF’s Compliance Document which is more commonly identified as “the Grey List”. The decision was taken at the FATF Plenary held during 13-18 October 2019 in Paris. In October 2016, the FATF announced that…
Hayleys PLC in a stock exchange filling announced the appointment of Ms. Kawshi Amarasinghe as the alternate Director (Non-executive) to Dhammika Perera with effect from 17th October 2019. Kawshi Amarasinghe currently serves as Manager of International Business Development and CSR at Vallibel One PLC. She is responsible in leading the Research and Strategic Business Development…
(Reuters) – ** Sri Lankan shares closed flat on Monday, as gains in consumer staples were offset by losses in telecommunications shares, while investors also waited for policy manifestos of key presidential candidates. The rupee ended firmer. ** The benchmark stock index closed 0.01% higher at 5,863.99. The index has fallen 3.11% so far this…
Unexplained gap between Bulk export and High Grown average widens in every month of 2019 Warns of severe disruption to the industry if producers continue to be squeezed on price at auction Urges all stakeholders to ensure that producers are given a fair and sustainable price at auction Calls for immediate action to shift industry…
The Board of Investment of Sri Lanka signed a supplementary Agreement with M/s Senaka Zenn (Private) Limited to set up a project to manufacture pre-stressed spun concrete electrical poles, piles and railway sleepers with an improved technology, for both local and export markets. The Initial investment made by the Company was US$ 10.3 million. The…
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