Reuters – ** The Sri Lankan rupee dropped 0.51 percent to a record low on Wednesday, dented by political uncertainty. Stocks slipped from a nearly six-week closing high hit in the previous session as foreign investors exited after President Maithripala Sirisena sacked the prime minister. ** The rupee dropped to a record low of 175.65…
Deputy Secretary to Treasury Mr. S.R. Attygalle who has been appointed as the Secretary to Ministry of Finance and Economic Affairs and the Secretary to Treasury by President Maithripala Sirisena assumed duties in his new post at the Ministry of Finance, Secretariat Bldg, Colombo 01 today afternoon (October 31, 2018). Mr Attygalle who is from…
Group bolsters its regional leadership with the new funding and full consolidation of Vietnam’s No. 1 property portal, Batdongsan.com.vn SINGAPORE, 31 October 2018 – PropertyGuru Group (‘PropertyGuru’ or ‘the Group’), Asia’s leading property technology group, today announced that it has secured S$200 million (approx.) [US$145 million] in a Series D round of funding by leading…
Presenting ‘The Villas, Wadduwa’ ONYX Hospitality Group, one of Asia’s leading hotel management companies today announced the introduction of its fourth property to the Sri Lankan market. The company made the announcement after taking over full management of The Villas, Wadduwa, previously managed by Amaya Hotels and Resorts. “We are proud to introduce yet another…
Teejay Lanka PLC, Sri Lanka’s only multinational textile manufacturer, has reported sales of Rs 14.4 billion and profit after tax of Rs 704.8 million at Group level for the six months ending 30th September 2018, reflecting healthy growth of 25 per cent and 20 per cent respectively for the period. Group profit before tax improved…
The Airlines’ Melbourne service celebrates a year of success SriLankan Airlines celebrates the first anniversary of the launch of direct services to Melbourne this month, looking back with much satisfaction on a bold commercial decision that has proven to be a significant success for both the National Carrier and Sri Lanka’s tourism industry that has…
Deputy Treasury Secretary S R Attygalle has been appointed as the new Secretary to the Ministry of Finance and Economic Affairs. Mr. S.R. Attygalle is a Senior Economist of the Central Bank of Sri Lanka and has also served as a Director and Acting Chairman of National Savings Bank and a Director to the Board…
Reuters – The Sri Lankan rupee slumped to a record low on Tuesday as escalating political turmoil sparked buying of U.S. dollars by importers. Stocks climbed for a third straight session to hit a nearly six-week closing high on retail investor buying, but foreign investors exited after President Maithripala Sirisena sacked the prime minister unexpectedly…
The Central Bank of Sri Lanka today released its half yearly publication – “Recent Economic Developments: Highlights of 2018 and Prospects for 2019”. A summary of the performance of the Sri Lankan economy in 2018 as reflected in this publication is given below: The Sri Lankan economy faced renewed challenges emanating from global market developments, which disrupted the…
Fitch Ratings-Hong Kong/Singapore-30 October 2018: The Sri Lankan president’s sudden replacement of the prime minister on 26 October highlights tensions within the coalition government and creates uncertainty over further progress on reform and fiscal consolidation, says Fitch Ratings. Prolonged political upheaval accompanied by deterioration of policy continuity could undermine investor confidence and make it more…
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