Reuters – Sri Lankan shares rose for the fifth straight session on Thursday to end at a near six-week high on local buying, even as foreign investors continued exiting the island nation’s risky assets, while the rupee edged lower on importers’ dollar demand. ** The benchmark stock index ended 0.16% firmer at 5,387.36, its highest…
The Central Bank of Sri Lanka was awarded with the Presidential Award for Digital Excellence at the launch of the National Digital Roadmap by His Excellency the President Maithripala Sirisena, held in Nelum Pokuna Theatre on 11th June 2019. This was presented to the Central Bank of Sri Lanka in recognition of great service rendered…
Panasian Power PLC (PAP.N), one of Sri Lanka’s leading green energy solutions providers, announced the private placement to institutional investor Emerald Fund (subject to Colombo Stock Exchange and shareholder approval) – one of the largest private equity funds dedicated to Sri Lanka. At Rs. 3.20 per share the Emerald Fund will invest Rs. 400 million…
Addressing an event in Colombo yesterday (12) Minister of Tourism Development, Wildlife and Christian Religious Affairs John Amaratunga noted that, Sri Lanka needs more entertainment activities in order to attract tourist to Sri Lanka. Minister Amaratunga also offered his support to hoteliers to recommence nightclub and casinos, emphasizing that it is one way to attract…
Sri Lanka Tourism and the National Carrier Sri Lankan Airlines unveiled an attractive, four- month promotional campaign to stimulate tourists from Sri Lanka’s largest source market, India. Sri Lanka Tourism, in collaboration with Sri Lanka Association of Inbound Tour Operators (SLAITO), The Hotels Association of Sri Lanka (THASL), and SriLankan Airlines, will offer a total…
Reuters – Sri Lankan shares rose for the fourth straight session on Wednesday to hit a more than five-week closing high on local buying, offsetting continued foreign selling in equities, while the rupee ended slightly weaker on dollar demand from importers. ** The benchmark stock index ended 0.81% firmer at 5,378.73, its highest close since…
The Chairman of the Ceylon Cold Stores, Krishan Balendra stated that their, beverage sector brand (Elephant House) has witnessed a 25% decline in volume last year arising from continued tapering of demand on Carbonated Soft Drinks (CSD) due to the price increases taken to mitigate the increased excise duty. Hence, the firm withdrew its ‘Go…
MOSCOW (Reuters) – Russian Energy Minister Alexander Novak said on Monday he could not rule out a scenario in which oil prices could fall to $30 per barrel if the global oil deal was not extended. Novak said there were big risks of oversupply on the market and that Moscow needed to monitor the oil…
According to the latest monthly LMD-Nielsen Business Confidence index (BCI) survey more than two-thirds of respondents consulted by Nielsen, for LMD’s publisher Media Services, anticipates that the economy will worsen over the next 12 months. This sentiment is driven by slow or no investment and in the light of the impact of the mayhem since…
Sri Lanka Telecom yesterday (11) marked a special milestone in the country’s digital journey towards SMART Sri Lanka with the launch of the National Digital Roadmap at the Nelum Pokuna Theatre, under the patronage of President Maithripala Sirisena. The SLT made a contribution to the Kidney Disease Relief Fund on this occasion. The proposed blueprint…
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