Headline inflation as measured by the yearon-year change in the National Consumer Price Index (NCPI, 2013=100) reversed its declining trend, recording 1.0 per cent in November 2018 from 0.1 per cent in October 2018. The increase observed in year-on-year inflation in November 2018 is mainly driven by the increase of the prices of Food items….
— LSEG Technology providing next generation post-trade environment for market infrastructures — Millennium PostTrade’s settlement and depository services build on centralised post-trade clearing solution already provided to SGX — Successful implementation marks first full end-to-end post-trade transformation within a tier 1 market in recent years — LSEG Technology delivers innovative technology solutions to over 40…
Reuters – The Sri Lankan rupee fell to a record low against the dollar on Thursday, amid pressure on the currency due to foreign outflows from bonds and stocks as uncertainty from a political crisis dented sentiment. The rupee hit a record low of 181.00 against the U.S. dollar on Thursday, according to market sources,…
A new Cabinet has been appointed and the expectation of the Ceylon Chamber of Commerce remains, as always, that the political leadership will focus on the development of the country. We hold the President and the Prime Minister responsible and accountable for the choice of Ministers. We have serious challenges to overcome including the challenge…
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance, won the prestigious ‘World’s Leading Airline to the Indian Ocean’ title once again at the Grand Final Gala Ceremony of World Travel Awards, in Lisbon, Portugal recently. Congratulating SriLankan Airlines, World Travel Awards Founder, Mr. Graham Cooke said: “SriLankan Airlines…
Managala Samaraweera was sworn in as the Finance and Mass Media Minister of the Government, whilst Ravi Karunanayake was sworn in as the Minister of Power & Energy and Enterprise Development in the newly appointed cabinet today. Meanwhile Kabir Hashim was sworn in Minister of Highways, Road Development and Petroleum Resources.
Reuters – ** The Sri Lankan rupee ended weaker on Wednesday amid pressure on the currency due to foreign outflows from bonds and stocks as uncertainty from a political crisis dented sentiment. ** The political crisis was expected to ease after President Maithripala Sirisena reinstated Ranil Wickremesinghe, whom he had ousted in October. The country…
Hayleys Advantis Limited ceremonially unveiled Sri Lanka’s largest distribution hub – Advantis 3PL Plus Logistics City – in Kotugoda, Ja-ela recently. This is part of the company’s strategic capacity building and expansion efforts aimed at serving its clients better through greater efficiencies and economies of scale. The move bodes well for the nation’s vision of…
Growing at 2x the market for six consecutive years, Softlogic Life is known for many industry firsts such as mobile insurance LeapFrog Investments, the leading Profit with Purpose investor, today announced a USD $12 million investment in Softlogic Life Insurance PLC, purchasing the shares of FMO, the Dutch development Bank. The company, growing at…
The Ceylon Chamber of Commerce (CCC) in association with the Indo Lanka Chamber of Commerce and Industry (ILCCI) will be organizing a high powered business delegation to attend the 25th edition of Partnership Summit 2019, from 12th to 13th January, 2019 in Mumbai, India at the invitation of Shri Suresh Prabhu, Hon. Minister of Commerce…
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