Reuters – ** Sri Lanka’s rupee closed steady on Friday in dull trade as dollar selling by banks offset importer demand for the greenback, while political uncertainty dented investor sentiment. ** Sri Lankan shares posted a more than six-week closing low. ** The Colombo Stock Index ended 0.28 percent weaker at 5,967.27, its lowest close…
Sri Lankan billionaire Dhammika Perera controlled Hayleys group owned Hunas Falls Hotels PLC said in a disclosure to Colombo Stock Exchange (CSE) that Hayley’s subsidiaries Amaya and Carbotels owned entire shareholding in the hotel amounting to 3,723,820 voting shares (nearly 66.20% stake) will be sold for over Rs. 696.35 million to Serenity Lake Leisure (Pvt)…
Xinhua – Sri Lanka’s economic recovery is expected to continue in 2019 due to infrastructure development and the GDP is expected to grow 4 percent, the World Bank said in a report on Thursday. In its annual flagship report for 2019 “Global Economic Prospects: Darkening Skies”, the World Bank said that Sri Lanka’s economic growth…
Jeff Bezos and wife MaCkenzie Bezos said on Wednesday (Jan 9) they have decided to divorce after a long separation trial, Bezos posted a joint statement on Twitter. Amazon.com Inc founder and chief executive Jeff Bezos, the world’s richest man, and wife MacKenzie Bezos are divorcing after 25 years of marriage, the couple said on…
SAARC Development Fund (SDF) is launching its Micro, Small and Medium Enterprise (MSME) funding scheme in Sri Lanka, and SDF Chief Executive Officer Dr. Sunil Motiwal recently stated the Fund has earmarked an amount of US $ 10 million to be disbursed under the MSME funding scheme in Sri Lanka. “The MSME loan shall…
Hambantota International Port (HIPG) the single largest port in Sri Lanka recently said that it saw an increase in vessels docking at the port on the first week of the New Year and in 2018, with 300 vessels calling with different service requirements.. “Traffic to the Hambantota International Port increased significantly during the last…
Sri Lanka will ask the IMF to ease its 2019 budget deficit target of 3.9 percent under a $1.5 billion loan programme, to give the economy more time to recover from a political crisis, a senior finance ministry official said on Thursday. Investor confidence took a hit when President Maithripala Sirisena abruptly sacked Prime Minister…
Reuters – ** Sri Lanka’s rupee closed higher on Thursday as banks sold dollars but political uncertainty dented investor sentiment. ** Sri Lankan shares closed steady near a more than six-week closing low hit in the previous session. ** The Colombo Stock Index ended 0.03 percent firmer at 5,984.05, narrowly shaved from its lowest close…
Taking into consideration the requests made by different parties, the proposal made by Hon. Mangala Samaraweera, the Minister of Finance & Mass Media to amend the Inland Revenue Act, No.24 of 2017, to exempt the Withholding Tax imposed on the Interest Income of the children’s savings, Earnings from the Government Securities, Interest on loans of…
Chinese tourists visiting Sri Lanka now have the added benefit of purchasing goods and services and paying for them through ‘WeChat Pay’ – one of the leading mobile payment solutions in China, consequent to a partnership between the Commercial Bank of Ceylon PLC and Tenpay Payment Technology Ltd. This mobile app solution is brought to…
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