Reuters – ** The Sri Lankan rupee fell to a record low for a sixth straight session on Friday on continued outflows of foreign funds mainly from government bonds as political uncertainty dented investor sentiment. ** The central bank’s decision to keep the key monetary policy rates steady failed to boost the currency, which is…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 27 December 2018, decided to maintain policy interest rates at their current levels. Accordingly, the Standing Deposit Facility Rate (SDFR) and Standing Lending Facility Rate (SLFR) of the Central Bank will remain at 8.00 per cent and 9.00 per cent,…
Over 100 Supervising Members came together at the annual Training Partners Forum organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). At the forum, the need to inculcate aspiring Chartered Accountants with professional skills and to specifically strengthen their emotional intelligence which will help them make better decisions while working under…
Reuters – ** The Sri Lankan rupee fell to a record low on Wednesday due to continued outflows of foreign funds mainly from government bonds as political uncertainty dented investor sentiment. ** The rupee hit an all-time low of 181.85 to the dollar in early trade, surpassing its previous record of 181.67 marked in the…
IBM (NYSE: IBM) announced the appointment of Riza Wadood as the new Country General Manager for Sri Lanka. This leadership announcement further demonstrates IBM’s commitment in the region. In his new role, Riza will be responsible for business growth and leadership of IBM in Sri Lanka. He will lead the team to support the country’s…
A Memorandum of Understanding was signed between the Ceylon Chamber of Commerce and the Ministry of Foreign Affairs (MoFA) last week, for the certification of export related documents through the electronic Document Attestation System (e-DAS) of the Ministry. The MOU was signed by Mr. Ravinath Ariyasinghe, Secretary, MoFA, and Mrs. Dhara Wijayatilake, Secretary General/CEO, of…
The Colombo Stock Exchange (CSE) announces the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2018 year-end index rebalance. The exclusions and inclusions as announced by S&P Dow Jones Indices, effective from 24 December 2018 (after the market close of 21 December 2018) are presented below…
Huawei Rotating Chairman Ken Hu held a press conference with leading global media at the company’s new campus in Dongguan recently. The journalists visited R&D labs showcasing materials and thermal management technologies developed for 5G equipment, as well as an independent cybersecurity lab. Hu delivered strong messages of confidence in Huawei’s business growth and prospects,…
Reuters – ** The Sri Lankan rupee fell to a record low on Monday due to continued outflows of foreign funds from bonds and stocks as political uncertainty dented investor sentiment. ** The rupee hit an all-time low of 181.67 to the dollar in early trade, surpassing its previous record of 181.25 marked in the…
Dr Parakrama Dissanayake, Chairman, Sri Lanka Ports Authority (SLPA) was appointed as the Secretary to the Ministry of Ports & Shipping and Southern Development by His Excellency the President Maithripala Sirisena, on 21 December 2018. PIC: Dr Parakrama Dissanayake receives the appointment as the Secretary to the Ministry of Ports & Shipping and Southern Development…
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