(Reuters) – Sri Lankan shares ended nearly flat on Thursday pulled down by weakness in blue chips such as conglomerate John Keells Holdings Plc in dull trade, while the rupee fell on importers’ dollar demand, market sources said. ** The benchmark stock index ended 0.06% weaker at 5,345.13, hovering near its lowest closing level since…
Expolanka Holdings PLC (Expolanka) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today. The market opening ceremony was organized to celebrate Expolanka Holdings making an entry to the S&P SL 20 as part of the 2019 mid-year index rebalance. The S&P index is designed to measure the performance of the…
British business magnet and Billionaire Richard Branson has publicly expressed his concern with regard to the decision made by Sri Lankan President to enforce the death penalty. “Sri Lankan President Maithripala Sirisena wants to bring back the death penalty in Sri Lanka. I hope he takes a cue from the Maldives president and decides otherwise….
Fitch Ratings-Colombo-27 June 2019: Sri Lankan banks face further increases in non-performing loans (NPLs) this year as the macro-economic environment remains difficult, Fitch Ratings says in new reports. Weaker asset quality and earnings will add to pressure on capital, and many small and medium-sized banks still need to raise equity capital to meet enhanced regulatory…
Canada is deeply concerned by reports that Sri Lanka is considering a reversal of its long-standing moratorium on the death penalty. A statement issued via the High Commission of Canada to Sri Lanka said that, Canada strongly and unequivocally opposes the use of the death penalty in all cases. The statement further stressed; This form…
The necessary action has been taken to enter into a commercial contract with the relevant contractor for the construction of Flyovers at Kohuwala and Getambe with a view to providing speedy and safe transport facilities to the commuters. The Government of Hungary has expressed its willingness to provide Financial assistace for the said construction activities….
Benchmarked with high-end products, CEAT Winmile AW seeks to expand brand’s market share while boosting import substitution Heavy duty, high-performance radial tyres custom-engineered for trucks, buses and prime movers plying Sri Lanka’s roads and manufactured for domestic conditions, have been commercially launched by CEAT Kelani Holdings in a ground-breaking initiative by the company that…
The Ceylon Motor Traders Association (CMTA) celebrated its 99th year recently. Affiliated to the Ceylon Chamber of Commerce, the CMTA the most senior automotive trade association in the region. The CMTA represents all major international automotive manufacturers, through their agents. The members of the CMTA collectively employs and trains thousands of Sri Lankan citizens. They…
Demand for land in Thalahena, Gothatuwa and Kolonnawa are rising significantly, resulting in the highest percentage increases in land prices in Greater Colombo, according to a recently concluded study. LankaPropertyWeb.com analysed postings in its website to ascertain the change in asking prices for land in the Greater Colombo area. Thalahena topped the list, recording a…
The cabinet of Ministers approved the proposal presented by Minister of Foreign Affairs Thilak Marapana to grant US $5,000 for the reconstruction of a village near Regla in Havana which was severely damaged by the January hurricane, celebrating the 60th anniversary of the establishment of diplomatic relations between the two countries and as a symbol…
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