SriLankan Airlines has become the first customer in South Asia to sign a Letter of Intent (LoI) for the Skywise Health Monitoring (SHM) application from Airbus. Once deployed, SHM will save time and decrease the cost of unscheduled maintenance for the airline. SHM will also support the airline in identifying, prioritising, analysing and handling in-service…
Reuters – Sri Lankan shares closed at a more than six-week high on Wednesday, boosted by foreign inflows into equities, while the rupee ended slightly firmer on dollar sales by exporters. ** The benchmark stock index ended 0.31% firmer at 5,392.30, its highest close since May 3. The bourse rose 1.61% last week, but has…
The Central Bank of Sri Lanka launched the Roadmap for Sustainable Finance in Sri Lanka and hosted a high-level seminar for senior officers of Financial Institutions and Stakeholders in Colombo today. This was the National Launch of the Roadmap for Sustainable Finance which was unveiled globally on 10 April 2019 at the Sustainable Banking Network…
Keynote address delivered by Sri Lanka Army Commander, Lt. General Mahesh Senanayake National security and national economy utmost priority moving forward HR professionals must focus on implementation of best practices around security Sri Lankan Human Resource Professionals must take the lead in developing and executing corporate polices which prioritize security while effectively balancing organizational goals…
The Central bank of Sri Lanka yesterday revealed that country’s trade deficit had narrowed significantly in April 2019 in comparison to the corresponding month of the previous year due to a considerable reduction in imports and satisfactory performance in exports. The deficit in the trade account narrowed to US$ 797 million from US $999 million…
According to J. B. Securities monthly review, Vehicle registrations across the board slowed except for 2 wheelers, mini and light trucks – the turmoil in the country during that month has significantly contributed to the slowdown in May. Total motor car registrations recorded 1,816 units in May down from 2,120 units in April and significantly…
The Sri Lankan rupee had appreciated by 3.3 % against the US Dollar during the year up to 18 June 2019, latest External Sector Performance report of the Central Bank of Sri Lanka outlines. Reflecting cross-currency movements, the rupee also appreciated against all other major currencies. According to Central Bank latest statistics, as at end…
(Reuters) – Growth in Sri Lanka’s economy picked up to 3.5% in the first quarter from 1.8% in the previous three-month period, Finance Minister Mangala Samaraweera said yesterday. Economic growth in the island nation’s 2018 fourth quarter had slowed to a nearly four-year low as a 51-day political crisis took a toll on the industrial…
(Reuters) – Sri Lankan shares dropped to a one-week low on Tuesday as foreign investors exited from the island nation’s risky assets, while the rupee ended weaker on dollar demand from importers. ** The benchmark stock index ended 0.17% weaker at 5,375.60, its lowest close since June 11. The bourse rose 1.61% last week, but…
Commercial banks had increased the annualized interest rate on credit cards up to 32% from this month. To the latest figures released by the Central bank of Sri Lanka (CBSL) the total Credit Card Outstanding Balance issued by the Banking and Financial Institutions of Sri Lanka was reported at Rs.110.27 billion, at the end of…
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