Reuters – The Sri Lankan rupee strengthened 0.5 percent on Friday, as inward remittances and exporters dollar sales surpassed mild importer demand for the greenback, while stocks declined for a fourth straight session and posted their lowest close in more than one week. The rupee ended at 169.40/70 per dollar, compared with the previous close…
The Ministry of Mahaweli Development and Environment and Biodiversity Sri Lanka signed a joint Memorandum of Understanding recently to use their combined comparative advantages for biodiversity conservation and sustainable development in Sri Lanka. Both organizations will endeavor to add value to each other and ensure that together they are able to contribute substantively to influences…
Sovereign bonds of Pakistan, Sri Lanka and Indonesia bore the brunt of a sell-off in EM Asian dollar bonds on Thursday as a rout in U.S. stocks spread to equities in the region. BNY Mellon Investment Management says value may emerge when key headwinds recede. Pakistan’s December 2027 USD notes slid 1.5 cents on the…
Palihapitiya said he decided to make drastic changes to Social Capital after becoming “fundamentally not happy.” The investor said he’s taking Social Capital back to its roots by focusing on long-term investments. Palihapitiya also criticized the start-up economy’s unending appetite for growth, calling it a “charade.” Chamath Palihapitiya, the outspoken Silicon Valley tech investor, called…
The Central Bank of Sri Lanka (CBSL) wishes to make the following statement in relation to the article titled “Government and CB have abdicated vital statutory duty by not being able to deal with rupee depreciation” that appeared in various newspapers on 08th and 09th October 2018. The Central Bank is statutorily charged with the…
Reuters – ** The Sri Lankan rupee ended slightly higher on Thursday, easing from a record low hit in the previous session, as exporters dollar sales surpassed importer demand for the greenback in dull trade, while stocks ended weaker for a third straight session to hit a one-week low. ** The rupee ended at 171.20/40…
South Asia Textiles Limited, a leading Sri Lankan textile manufacturer specialized in producing exceptional quality weft knitted fabric for leading global brands such as Victoria Secret, Next, Marks & Spencer, Tesco, Calvin Klein, Decathlon, Hugo Boss and Adidas, has won the Silver Award, in the “Suppliers and Service Providers to Exporters Extra Large” category, at…
The Invest Sri Lanka forum that was held at the Waldorf Astoria in Edinburgh yesterday had witnessed over 20 funds and institutional investors based in Scotland attending, whilst Sri Lanka’s capital market stakeholders yesterday (10th October 2018) for the first time lured investors in Scotland, reports point out. After successful exercise in London on Monday (8th October…
Amidst day by day falling rupee against several major currencies whilst US Dollar had hit Rs. 172 level and Euro had hit Rs. 201 level, Sri Lanka’s financial market regulator Central bank of Sri Lanka (CBSL) issuing a directive on 10th October 2018 said that Authorized Dealers are not permitted to release foreign exchange which involves…
[Shanghai, China, October 11, 2018] At HUAWEI CONNECT 2018, today Huawei and Audi show their future plans of a cooperation in the field of intelligent connected vehicles (ICV), featuring the new Audi Q7 as a demonstration of this state-of-the-art technology. Executive Vice President of Audi China R&D Saad Metz commented on the German automobile manufacturer’s…
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