Reuters – Sri Lanka’s share index fell for a fourth straight session on Thursday to a more than 6-year closing low as investors exited the island nation’s risky assets, while they awaited cues from the third and final vote on the 2019 budget, market sources said. ** The Colombo Stock Exchange index fell 0.36 percent…
With reference to the recent paper articles on the governance process and issuing yields relating to the 5-year and 10-year International Sovereign Bonds (ISBs) issued by the Central Bank of Sri Lanka (CBSL) on behalf of the Government of Sri Lanka (GOSL), the CBSL wishes to make the following clarifications: (a) There has been a clear operational procedure…
The Ministry of Highways & Road Development together with Petroleum Resources Development has developed the draft national policy on natural gas with a view to establish and develop the natural gas industry in Sri Lanka. With the view of further improvement and development of the policy, Public Utilities Commission of Sri Lanka together along with…
UN’s Food and Agriculture Organization warns pest is “here to stay” – but it can be managed to limit damage An insect that can infest and damage hundreds of hectares of maize fields, literally overnight, is sweeping across Asia – alarming smallholder farmers and threatening livelihoods – but the damage can be limited, the…
NEW DELHI, (Reuters) – Oman’s oil ministry on Wednesday denied being part of a $3.85 billion plan to build an oil refinery in Sri Lanka, a day after the government in Colombo announced the Arab country’s participation. Sri Lankan officials told a news conference on Tuesday that a joint venture between the Oman oil ministry and…
The Colombo Stock Exchange (CSE) and the Global Reporting Initiative (GRI) will be hosting a forum on providing guidance to listed companies on ESG disclosures. The theme of the Forum is ‘Sustainability Reporting for Sustainable Development’. This high-level engagement will be exclusive to companies listed on the CSE and will be held on 28th March…
Agence France-Presse – Singapore rejected Wednesday Sri Lankan President Maithripala Sirisena’s allegation it was sheltering a former central bank chief wanted for fraud, saying Colombo failed to provide documents to support its extradition request. Sirisena on Monday accused Singapore of sheltering Arjuna Mahendran, one of his country’s former central bank chiefs wanted in connection with a…
COLOMBO (Reuters) – India’s Accord Group and Oman’s Ministry of Oil and Gas have signed a $3.85 billion deal to build an oil refinery in Sri Lanka, the biggest single pledge of foreign direct investment ever made in the country. The deal represents a challenge to China, which had until recently been on track to…
Reuters – Sri Lanka’s share index fell for the third straight session on Tuesday to a more than 6-year closing low in light trading volume with foreign investors on the selling side, as the market awaits direction from the third and final vote on the 2019 budget, market sources said. ** Parliament last week passed…
Rome (AsiaNews) – The Chinese foreign ministry today confirmed that from March 21 to 26 next President Xi Jinping will visit Italy, Monaco and France. In Italy, in particular, he should sign a Memorandum of Understanding (MoU) with which the Italian government offers itself as a partner to support the Belt and Road Initiative (BRI),…
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