Sri Lanka has activated the long awaited free insurance facility to its historic crafts and handicrafts sectors on 6 October. Sri Lanka announced it’s also keen on introducing hi-tech design tools to its craftsmen so that their intricate work could garner better global attention. “Very soon there will be demands by our craft sector…
The Chairman of the Securities and Exchange Commission of Sri Lanka Ranel T. Wijesinha noted that the Commission has taken some important initiatives to demutualize the stock exchange. “Will be seeking suitors from all parts of the world and will be taking only the best,” he said and added, “We think already the CSE is…
Lankem Ceylon PLC ( LCPLC) in a stock exchange filling today (04) announced that it has entered in to a related party transaction with EB Creasy and Company PLC ( EBC) . Under the transaction LCPLC will dispose its Consumer Goods Business, Trademarks and Machinery to related company EB Creasy and Company PLC for a…
The Central Bank of Sri Lanka co-hosted the 10th Asia Cash Cycle Seminar – 2019 with Currency Research held during 23rd – 26th September 2019 at the Shangri-La Hotel, Colombo. The Cash Cycle Seminar formally known as International Commercial Cash Operations Seminar (ICCOS) is a premier global event for stakeholders of commercial cash management, distribution…
(Reuters) – ** Sri Lanka’s stocks fell for the fifth straight session on Thursday to a more than 10-week closing low, as foreign investors sold the island nation’s risky assets, while the rupee closed lower. ** Investors were worried of political uncertainty after a Sri Lankan court set up a three-judge panel on Monday to…
UK Foreign Office Minister Visits Sri Lanka Minister of State for the Commonwealth, UN and South Asia and Prime Minister’s Special Representative on Preventing Sexual Violence in Conflict, Lord (Tariq) Ahmad of Wimbledon visited Sri Lanka on 1-2 October. At the same time, the UK announced over £10m of new funding to support long-term stability…
First Capital Research said that they are targeting All Share Price Index (ASPI) to hit 6,500-mark towards mid next year. “In the equity front we are very bullish. We are targeting the ASPI to hit 6,500 towards mid next year, and going on to around 7,000 mark”, Dimantha Mathew, Head of Research – First Capital said during…
The Central Bank of Sri Lanka hosted the South East Asian Central Banks (SEACEN) – Bank for International Settlements (BIS) High-Level Seminar and the 18th Meeting of the SEACEN Executive Committee, in Colombo, from 26 to 28 September 2019. These events were attended by the Governor of the Central Bank of Sri Lanka, Deputy Governors…
Highlighting a dynamic future for Jaguar Land Rover in Sri Lanka Access Motors, formerly known as SML Frontier Automotive announced a change of its company name to align with its holding company, the Access Group. The announcement was made in the presence of Sumal Perera – Chairman; Theo Fernando – Managing Director; Dharshana Munasinghe –…
Cabinet on Tuesday (01) approved a proposal made by Transport and Civil Aviation Minister Arjuna Ranatunga to give clearance for Sri Lanka’s Civil Aviation Authority to issue one year temporary operating licenses to foreign airlines that are interested in flying within Sri Lanka. Sri Lanka has not yet awarded the rights for foreign airlines to…
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