Reuters – ** Sri Lankan stocks and rupee closed firmer on Monday after presidential frontrunner Gotabaya Rajapaksa, who faced uncertainty over his candidature, filed a nomination early in the day. ** Investor confidence returned after the former wartime defence chief, who is seen as a strong leader among the 35 candidates, filed nominations to contest…
The lending rate cap recently imposed by the Central Bank of Sri Lanka (CBSL) on rupee-denominated loans extended by Sri Lankan banks may not improve loan growth in the short term, Fitch Ratings says. To the extent banks cannot price for risk in order to make hurdle rates of return, they may extend less credit…
The Ministry of Development Strategies and International Trade (MODSIT) and the Board of Investment of Sri Lanka held an interactive meeting titled the “German Sri Lankan Fast Track Dialogue” with the German investor community, to address any issues faced by investors from Germany currently operating in Sri Lanka. The German delegation was led by H…
Cinnamon Hotels & Resorts, the leisure arm of John Keells Holdings continues expansion with the opening of its newest hotel, Cinnamon Velifushi Maldives. The opening of the new resort on the island of Aarahveli is the fourth property added to its portfolio in the Maldives, and the 15th to its overall portfolio which also consists…
The total number of international tourist arrivals to Sri Lanka during September 2019 was 108,575. As at 30th September 2019, 1,376,312 of tourists had visited Sri Lanka for this year. However, Compared to September 2018, arrivals has decline to 27.2% and Tourist arrivals in the first nine months of the year has decline to 20.5%….
447 Luna Tower recently marked the topping up of its tower with a traditional ceremony. The project is part of a key multi-million-dollar investment portfolio in Sri Lanka by Belluna Co. Ltd and Asia Capital PLC. Belluna Co. Ltd is reputed as one of Japan’s foremost real-estate giants with a strong track record and global…
The Hambantota International Port (HIP) was represented at two premier port related technology and innovation centric summits held in Singapore. First, was the Equip Global Port Automation Summit 2019 held in August, and the other the more recent Port Maintenance and Facilities summit 2019, which provided an influential international platform for the Port and Maritime…
Mr. Maahen Kariyawasan the Managing Director of Andrew the Travel Company (Pvt) Ltd was elected for the second time as the President of the Sri Lanka Association of Inbound Tour Operators (SLAITO). He was elected for the post, during the 39thAnnual General Meeting of SLAITO, which was held on Friday, the 6th of September…
The Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission of Sri Lanka (SEC) joined stock exchanges from around the world to Ring the Bell for Financial Literacy, as part of the World Investor Week 2019 global campaign. The event gathered senior representatives of the capital market fraternity as a call to…
The Sri Lanka Tourism Promotion Bureau (SLTPB) exhibited Sri Lanka as a sustainable and a diverse travel destination at the recently concluded Malaysian Association of Tour and Travel Agents (MATTA) fair in Kuala Lumpur, Malaysia. MATTA Fair is Malaysia’s premier and annual travel fair that is held nationwide to encourage the public to travel more,…
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