The central bank of Sri Lanka is preparing to issue samurai bond of US $500 million in October or November. Central Bank Governor Dr. Indrajit Coomaraswamy said that a Cabinet paper would be presented tomorrow (27) which would give approval to release the Request for Proposals (RFPs) for $ 500 million Samurai bond and to…
Starting from the winter season, LOT will fly from Warsaw to Colombo in Sri Lanka with flights being operated seasonally, from November 3rd to March 28th, three times a week by modern Boeing 787-9 Dreamliners. With the new series of seasonal flights, Colombo becomes the sixth Asian long-haul destination in the growing network of Poland’s…
The latest data from the Central Bank of Sri Lanka points out that Foreigners had gradually exited from Sri Lanka’s Government Securities (Treasury Bills and Treasury Bonds) and pulled out over Rs.12.8 billion during the period from 13 August to 21 August 2019. The value of Government Securities held by foreigners had fallen from Rs.136,…
Fentons Limited, a leading integrated engineering solutions specialist, announced that it had re-branded as “Hayleys Fentons” following the Hayleys acquisition of a further 24.5% of the company’s issued share capital in of the company in July 2019, increasing Hayleys PLC stake to 99.5% of the Company. “As a group with over 141 years of rich…
Sri Lanka is well on track to attract 2 million tourists by the end of this year, Sri Lanka Tourism Promotion Bureau (SLTPB) Chairman Kishu Gomes said while addressing an event in Colombo recently. “Last year in August we had 217,000 tourists visiting the country. This month, without the Bora Conference, our estimate is 155,000….
Sri Lanka’s State-Owned Enterprises (SOEs) has been the topic of debate for many years now. Discussions around it have covered improving profitability, service and governance while examining the root causes for the continued losses incurred by SOEs. Some of the solutions for reforms are well known, but its implementation has been weak – leading to…
Central bank of Sri Lanka intervened in the foreign exchange market in the last few days, Governor of CBSL Dr. Indrajit Coomaraswamy said whilst addressing the media in Colombo today (23). “Last three days or so we think the pressure that has been in the forex market is not align with the underline fundamentals. We…
Sri Lanka plans to welcome over 175,000 tourists this month, expecting a major boost from the mega Bohra Global Convention which is scheduled to be held from September 1 to 10 in Colombo. “The conference will bring as many as 25,000 tourists to Sri Lanka, from over 40 countries,” Tourism Development Minister John Amaratunga said…
As you would be aware, Laxman Muthiyah is the famous bug-hunter who uncovered not only a data deletion flaw but also a data disclosure bug on Facebook. The first bug meant he could have zapped all your photos without knowing your password. The second meant that he could have tricked you into installing an innocent-looking…
The Monetary Board of Sri Lanka’s Central Bank will impose appropriate caps on market lending rates of individual institutions or financial institutions, if the intended reduction in market lending rates is not realized within specific timelines. Sri Lanka’s Central Bank with the expectation of reducing all market lending rates in line with the reduction already…
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