The Securities and Exchange Commission of Sri Lanka (SEC) will for the first time in its history, launch a “Round Table Discussion with Auditors and other Capital Market Stakeholders” on Thursday 31st October 2019 from 2.30 p.m. to 6.30 p.m. at Hilton Colombo. In a letter of invitation addressed to multidisciplinary Institutions and Professionals, the…
Sri Lanka has advanced to 99th position out of 190 countries in the World Bank’s 2020 business rankings, from 100th position in the 2019 report, the World Bank said on Thursday. However, Sri Lanka’s doing business score unchanged at 61.8 from the 2019 ranking released last year. The top 10 best places in the world…
Sri Lanka’s First Capital recommends investors to increase overall portfolio exposure to 50% from 45% by reducing exposure in the carrying portfolio from 30% to 15% while increasing trading portfolio from 15% to 35%. The firm recommends to cut short tenor maturities of the carrying portfolio amidst the significant reduction in yields while we recommend…
Otara Gunewardene who serves as a non-Executive Independent Director of the Singer Sri Lanka board has tendered her resignation from the board of directors which will be effective from 31 December 2019. In a stock exchange filing on Thursday the company said that she does not have any relevant interests in shares of the Company…
(Reuters) – ** Sri Lankan shares and the rupee gained on Thursday, with investors waiting for policy manifestos of the two front-runners in next month’s presidential poll. ** Former wartime defence chief Gotabaya Rajapaksa and Housing Minister Sajith Premadasa will announce their policy framework on Friday and Nov. 1, respectively. Analysts had said investors were…
The Board of Investment of Sri Lanka signed an agreement with Sanken Construction (Pvt) Ltd to construct and operate a 112 room hotel with an investment value of US$ 9.28 million, which will create 60 new employment opportunities. The agreement was signed by Mangala Yapa, Chairman of the Board of Investment of Sri Lanka and…
Sri Lanka Tourism Promotion Bureau yesterday (23) revealed that there are plans to launch a promotional campaign on a selected German TV channel within the next two months. SLTPB Chairman Kishu Gomes said that this will be a great opportunity to promote Sri Lanka tourism in Germany. Gomes made these remarks while addressing the media…
Sri Lanka was able to add another feather to its cap by winning “Asia’s’ Leading Adventure Tourism Destination” and “Asia’s Leading Emerging Tourism Destination – Colombo”, at the World Travel Awards which was held at the Vinepearl Convention Center in PhuQuoc , Vietnam, for the 26th consecutive year, amidst a large number of travel &…
The government has decided to exempt the Cellular Tower Levy on the towers used to provide 5G coverage. The decision was taken while considering the requests and demands of the public as well as the operators, the Finance Ministry said while presenting a bill to parliament on 23rd of October. “The Mobile technology is constantly…
Sri Lanka has removed an exemption from the National Building Tax (NBT) on cigarettes, while implementing an exempting from the NBT on projects more than US$ 50 million, or of equivalent foreign currency value. These include, Hotels with foreign currency transactions, palm oil, sea vessels and equipment used for sea sports. The Changes were announced by…
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