One of the Big Four professional services networks in the world – KPMG’s Sri Lanka Managing Director Reyaz Mihular yesterday (07) had said that takeover of the Government by business tycoons and billionaires’ duo Harry Jayawardena and Dhammika Perera can fix all the problems faced by Sri Lanka, addressing KPMG’s post-Budget Forum 2019. We should…
On March 7th, 2019, the Central Bank of Sri Lanka (CBSL), on behalf of the Democratic Socialist Republic of Sri Lanka (Sri Lanka), returned to the USD bond markets, successfully pricing a new issuance of USD 1.0 billion 5-year and USD 1.4 billion 10-year Senior Unsecured Fixed Rate Bonds (the Bonds) with maturity dates of…
In recognition of International Women’s Day, SriLankan Airlines operated its first all female crew flight from Colombo to Singapore and return.UL306 of 8th March ’19 landed in Singapore carrying more than 170 passengers onboard. The flight was piloted by Captain Simran Ghumman, First Officer Maneesha Nambuge accompanied by purser Miranda Rodrigo and the cabin crew…
HONG KONG, March 8 (Reuters) – Sri Lanka sold $2.4 billion in five-year and 10-year U.S. dollar-denominated bonds on Friday, two people involved in the deal said, successfully tapping the international markets at a time the country is facing strains on its finances. Sri Lanka sold $1 billion in five-year bonds with a coupon of…
Sri Lanka’s Cabinet Office released latest Cabinet announcements said that Swiss Singapore Overseas Enterprises Pte. Ltd., a commodity trader, has won a contract to supply Murban crude oil to Sri Lanka’s state-run oil refinery – Sapugaskanda Oil Refinery, via a proposal for the eight-month contract by Minister of Highways & Road Development and Petroleum Resources Development…
Reuters – Sri Lankan shares and the rupee closed steady on Thursday as the island nation launched the sale of U.S. dollar-denominated sovereign bonds and orders topped $3 billion. ** The sale is crucial for the island nation to boost investor sentiment which was dented by rating downgrades by all three rating agencies after a…
Sri Lanka’s Budget 2019 has fetched a much needed windfall to Sri Lanka’s entrepreneurs and small businesses. More importantly, the latest Budget skilfully prods the sector towards exports. “Many financial and credit facilities as well as non-financial support have been offered to our MSMEs in the Budget 2019. Our MSMEs exceeding one million, stand to…
Marking International Women’s Day, IFC, a member of the World Bank Group, partnered with the Colombo Stock Exchange (CSE) for the fourth consecutive year to ring the opening bell for trading. This annual global initiative is aimed at promoting women’s participation in the global economy to catalyze sustainable and inclusive private sector growth. While…
[Shenzhen, China, March 7, 2019] Today, Huawei announced that it has filed a complaint in a U.S. federal court that challenges the constitutionality of Section 889 of the 2019 National Defense Authorization Act (NDAA). Through this action, Huawei seeks a declaratory judgment that the restrictions targeting Huawei are unconstitutional, and a permanent injunction against these…
Land Price Index (LPI) for Colombo District, compiled by the Central Bank of Sri Lanka (CBSL), reached 125.9 during the 2nd half of 2018, recording an increase of 18 per cent compared to the 2nd half of 2017. The three sub-indices of LPI, namely residential, commercial and industrial have contributed to this increase. LPI is…
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