Reuters – Sri Lankan shares snapped a four-session losing streak to end tad firmer on Wednesday on block trading of select shares, bouncing back from a two-week low hit on the previous day, while the rupee fell on importers’ dollar demand, market sources said. ** The benchmark stock index ended 0.11% higher at 5,348.57, recovering…
The Securities and Exchange Commission of Sri Lanka (SEC) filed action in the Magistrate’s Court Colombo Fort against two investors on charges of having committed the offence of Market/Price Manipulation with regard to the shares of E-Channelling PLC. Issuing a statement the SEC noted that, the action was filed on the basis of evidence elicited…
Speaking to Ada Derena exclusively, Chief Executive Officer and Managing Director of Bharti Airtel Lanka, Jinesh Hegde said, more transparent and quickly accessible information about customer service performance could expand the number of customers who might take it into account in choosing a mobile service provider. “Currently in this market there are a lot of…
Brandix Apparel Limited, Fonterra Brands Lanka (Pvt.) Ltd. and John Keells Holdings PLC held the orientation for fifteen diverse, talented interns Tuesday (25th June 2019) at Hatch, Colombo, formally commencing the Fast Track Summer Internship Programme 2019. First introduced in 2011, the ‘FastTrack’ Summer Internship Programme returned in April 2019 to provide fifteen selected undergraduates a unique opportunity…
Issuing a statement today (26) Finance Minister Mangala Samaraweera says that the recent news report in the media quoting an opposition Parliamentarian to the effect that the People’s Bank is to be privatized is completely false and misleading. The statement further states: Certain political parties and the Trade Union affiliated to those parties had alleged…
Reuters – Sri Lanka shares fell for the fourth straight session on Tuesday to hit a two-week low on foreign outflows, while rupee ended steady buoyed by dollar inflows into two new sovereign bonds launched a day ago, market sources said. ** The island nation raised $2 billion via 5-year and 10-year sovereign bond sales…
Prime Minister Ranil Wickremesinghe yesterday (24) noted that, the country should move forward and attract more investments in order to beget positive economic outcomes. The Prime Minister made these remarks while attending the opening of the Hyrax Oil SDN BHD Lubricant Blending Plant in Muthurajawela yesterday. Speaking further, Wickremesinghe highlighted upon the challenges that the…
The first media familiarization trip post Easter organized by SriLankan Airlines, bought in chief editors and senior journalists from leading and influential media houses in China. The media houses were LUXURYTIMES Magazine, Jiemian News, News.qq.com, Global Times and Zen Lake. While being first time travellers to Sri Lanka, they experienced the award winning service of…
Citi on 24th June partnered with the Central Bank of Sri Lanka on behalf of the Sri Lankan Government to raise US $ 2.0 billion in a dual-tranche 5-year and long 10-year bond offerings. The Notes were priced at a yield of 6.35 percent and 7.55 percent for the 5-year and 10-year long tranche, respectively….
On June 24th, 2019, the Central Bank of Sri Lanka (“CBSL”), on behalf of the Democratic Socialist Republic of Sri Lanka (“Sri Lanka”), returned to the U.S. dollar bond markets, successfully pricing a new issuance of U.S.$500 million 5-year and U.S.$1.5 billion long 10-year Senior Unsecured Fixed Rate Bonds (the “Bonds”) with maturity dates of…
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