The Loft Mirissa, one of Sri Lanka’s modern architectural marvels, recently bagged the prestigious Five Star Award for the Best Leisure Development in Sri Lanka under the renowned Asia Pacific Property Awards. Provident Capital’s maiden project solidified its worth, recognized by leading experts around the globe for its distinct qualities, architectural concept, value proposition and…
Bank of Ceylon said in a stock exchange filing that K. A. Vimalenthiraraja has been appointed as the new Non – Executive Ex –Officio Director to the Board of Bank of Ceylon in place of M.T.I Visakha Amarasekere effective from 27 February 2019. With the resignation of the former board of Bank of Ceylon with…
The companies listed in the Colombo Stock Exchange with 50% or more foreign shareholding were prohibited to purchase lands in Sri Lanka by the Land (Restrictions on Alienation) Act, No.38 of 2014 and the prohibition such imposed was removed by the amendment carried out to the said Act in 2018. However, although provisions have been…
Beats terminals in China, Indonesia and Thailand to win coveted AFLAS award in Under 4 million TEUs category The CMPort managed Colombo International Container Terminal (CICT), the only deep water terminal in the Port of Colombo, has been voted the Best Container Terminal in Asia in the Under 4 million TEUs category at the…
Finance Minister Mangala Samaraweera on Tuesday (18) stated that, the Present government has increased and double the salary of state employees within a period of five years and not a single past government in the history has increased public servants’ salary in this manner. “While continuing the development of the country, we did not forget…
Issuing a communiqué, on releasing National Accounts Estimates for the first quarter of 2019, the Department of Census and Statistics (DCS) states that economic growth rate of the country is estimated as 3.7% for the first quarter of 2019. The Gross Domestic Product at constant (20 I0) prices for the first quarter of 2019 recorded…
Fitch Ratings has assigned SriLankan Airlines Limited’s (SLA) proposed issue of US dollar government-guaranteed bonds an expected rating of ‘B(EXP)’. The proceeds of the issuance will be used to refinance the company’s USD175 million bond due 27 June 2019. The final rating is contingent upon the receipt of final documents conforming to information already received….
SriLankan Airlines has become the first customer in South Asia to sign a Letter of Intent (LoI) for the Skywise Health Monitoring (SHM) application from Airbus. Once deployed, SHM will save time and decrease the cost of unscheduled maintenance for the airline. SHM will also support the airline in identifying, prioritising, analysing and handling in-service…
Reuters – Sri Lankan shares closed at a more than six-week high on Wednesday, boosted by foreign inflows into equities, while the rupee ended slightly firmer on dollar sales by exporters. ** The benchmark stock index ended 0.31% firmer at 5,392.30, its highest close since May 3. The bourse rose 1.61% last week, but has…
The Central Bank of Sri Lanka launched the Roadmap for Sustainable Finance in Sri Lanka and hosted a high-level seminar for senior officers of Financial Institutions and Stakeholders in Colombo today. This was the National Launch of the Roadmap for Sustainable Finance which was unveiled globally on 10 April 2019 at the Sustainable Banking Network…
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