Business Sentiment – The Index Continues to Tumble On 13 May, the IMF Executive Board announced the completion of the fifth review under Sri Lanka’s extended arrangement for the Extended Fund Facility (EFF). And it granted waivers of nonobservance of performance criteria, approval of a US$ 164.1 million disbursement and an extension of the arrangement….
Melstacorp PLC has 9.8% stake of JKH as 31st March 2019, being the 3rd largest shareholder Sri Lanka’s one of the oldest-richest men and a Billionaire turned Liquor and Dairy Baron Harry Jayawardena, has increased his shareholding in Colombo Stock Exchange’s (CSE) leading listed Blue Chip in Sri Lanka – John Keells Holdings (JKH) to nearly…
The Central Bank of Sri Lanka recently announced that they are currently looking at other avenues to invest the funds of the Employees’ Provident Fund (EPF) as the opportunities to invest in the government security market diminish. According to the Central Bank the EPF which stood at Rs.2 trillion, grows at a rate of Rs.300…
Women in Management (WIM), in partnership with IFC, a member of the World Bank Group, has launched, and is inviting nominations for, the ‘Top 50’ Professional and Career Women Awards 2019. Now in its ninth year, these annual awards recognize Sri Lankan women who excel in their careers, businesses and everyday life, while inspiring others….
The Karadiyana Waste Management Project was held up for nearly a year due to delays in signing the Standardized Power Purchase Agreement (SPPA). With the signing of the SPPA, Fairway Waste Management has moved expeditiously to recommence construction given the criticality of the current waste disposal situation at Karadiyana, where the waste is land filled….
Reuters – Sri Lankan shares ended weaker on Monday, falling for the second straight session in dull trade as the market shrugged off a widely expected rate cut by the central bank while the rupee closed steady, market sources said. ** On Friday the central bank cut its key interest rates to support its faltering…
Mahaweli Coconut Plantations LTD (CODE: MCPL) rang the market opening bell today to commence trading on the Colombo Stock Exchange (CSE) at a special market opening ceremony organized to mark the company listing its shares on the CSE. The shares, which were listed by way of an equity introduction on the Diri-Savi board of the…
The Ceylon Chamber of Commerce has sent a communiqué signed under the Secretary General and CEO of the Ceylon Chamber of Commerce Dhara Wijayatilake to the Ministry of Defence urging the Ministry to take adequate measures to prevent disruptive and unlawful occurrences that will disturb the peace of the communities. Sending a letter to the…
Sri Lanka’s Board of Investment recently signed a 4.5 million US dollar investment agreement with Sundara (Pvt) Ltd, to develop a luxury hotel on the country’s south coast. The project is to be completed by 2020. Speaking at the event the chairman of the Board of Investment Mangala Yapa, stated that this investment will be…
By Ankhi Das, Head of Public Policy- South Asia, Facebook Facebook was built to connect people and give them the power to build community. Around the world, we’ve seen Facebook used to bridge language, cultural and socioeconomic barriers, and give small business owners new economic opportunities. But we also know that connecting people can have…
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