(Reuters) – Sri Lankan shares closed firmer on Tuesday, led by gains in diversified and banking stocks, while the rupee weakened on higher importer dollar demand. ** The country’s benchmark stock index ended 0.42% up at 5,683.47 after slipping from a four-month high on Monday. **The index is down about 6.1% so far this year….
Securities and Exchange Commission of Sri Lanka (SEC) has said it is time to segregate the Chief Executive Officer (CEO) and Chairman roles performed by one individual in listed entities and called for public comments on the move. “The best practice on Corporate Governance discourages concentration of power in one individual. An established norm is…
Access engineering PLC will mainly focus on achieving their strategic goals, business continuity, and diversification to sustain growth momentum in order to be the leading construction company in the coming years. “We can claim of being the most innovative construction company in the sector with a diversified customer proposition and portfolio. During the coming years,…
According to J. B. Securities monthly review, Vehicle registrations across most categories have declined in June relative to May, a drop in 2-wheeler registrations have driven down the total to 26,201 the lowest on record over the past 36 months. Total car registrations recorded 1,580 units in June down from 1,816 units in May and…
~ A national forum on changing today’s uncertainties into tomorrow’s opportunities A national forum under the theme IGNITE 2020 will be held on 25th July from 6.00pm onwards at BMICH bringing together marketing professionals, expert marketers and business corporate personalities in an all-star event designed to inspire fresh thinking as we step into the year…
Issuing National Consumer Price Index (NCPI), for the month of June 2019, Director General of Census and Statistics said that headline inflation as measured by the Year on Year change (The percentage change in the current month NCPI over same month NCPI of last year) based on NCPI has been compiled as 2.1%. The headline…
(Reuters) – Sri Lankan shares closed lower on Monday, snapping an eight-session gaining streak, as investors booked profits, while the rupee weakened on higher importer dollar demand. ** The country’s benchmark stock index ended down 0.97% at 5,659.77. **The index is down about 6.49% so far this year. ** The country’s stock market had a…
Hayleys Free Zone Limited today (22) firmly denied the allegations against the company in connection with importing garbage to Sri Lanka. In light of recent adverse media publicity in relation to 130 container loads of used mattresses that are currently stored at the Hayleys Free Zone yard premises, the company clarified that these mattresses were…
In terms of the provisions of the Sri Lanka Tea Board Law No.14 of 1975, a levy of Rs.3.50 is made on every kilogram of exported tea from the registered exporters. As a result of the direct and indirect levies and the economic service charges made by now, the cost of production charges will further…
The approval of the Cabinet has been granted previously, to sign the Air Services Agreement between Sri Lanka and the United Republic of Tanzania. Accordingly, the proposal made by the Minister of Transport & Civil Aviation, to amend and implement the Agreement based on the matters agreed upon at the consultation between the Aeronautical Authorities…
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