Sri Lanka is working towards the issuance of ‘Panda bonds’ – foreign issuers’ paper sold in the Chinese domestic interbank bond market, according to Central Bank Governor, Dr. Indrajit Coomaraswamy. “We are working towards a Panda Bond issuance before the end of the year,” he told reporters in Colombo on Friday (3). He stated that…
Ceylon Petroleum Storage Terminals Limited (CPSTL) strongly condemns the action of the Ceylon Petroleum Bowser Owners Association, which recently threatened to disrupt island-wide transportation of fuel without negotiation with CPSTL. CPSTL said the threat by the association to halt fuel distribution, demanding an increase in the transportation allowance, is a move to hold the country’s…
The New Zealand immigration office in Mumbai that handles Sri Lankan applications received a tip off at the start of the year. Inquiries led officials to conclude a Sri Lankan based finance company was fraudulently creating documentation to help students meet the criteria of having $15,000 in the bank. Official briefings to Immigration Minister Iain…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 02 August 2018, decided to maintain policy interest rates at their current levels. Accordingly, the Standing Deposit Facility Rate (SDFR) and Standing Lending Facility Rate (SLFR) of the Central Bank will remain at 7.25 per cent and 8.50 per cent,…
Reuters – Sri Lankan shares ended marginally firmer on Thursday, pulling away from their lowest close in three weeks hit on Monday, as investors picked up battered blue-chip shares, brokers said. The Colombo stock index ended 0.11 percent firmer at 6,136.35. The index started the week by marking its lowest close since July 12 and…
Cargills Bank Limited recently announced the appointment of Mrs. Ruvini Fernando and Dr. Dushni Weerakoon as Independent Non- Executive Directors to its Board of Directors with effect from 1st August 2018. Ruvini Fernando is a Director PPP Advisory and Deals Strategy at Pricewater House Coopers (PwC), Colombo, heading the capital projects & infrastructure practice of…
Now Indian billionaire Anil Agarwal controlled Vedanta group owned Cairn India drilled two oil wells that had been identified to holding over several billions of cubic feet of Natural Gas could collectively generate over 2.6 GW (Giga Watt) Power for 40 years for Sri Lanka, reveals the latest annual review of the Ministry of Petroleum…
Reuters – Sri Lankan shares ended weaker on Wednesday, hovering at their lowest close in three weeks, as foreign investors offloaded blue-chip stocks such as John Keells Holdings Plc, while lacklustre corporate results dented sentiment further. The Colombo stock index ended 0.29 percent weaker at 6,129.32, near its lowest close since July 12. The bourse…
Reuters – Sri Lanka has raised import duties on small hybrid cars by more than 50 percent, the government said on Wednesday, aiming to boost state revenue and curb a sharp fall in the rupee currency. Finance Minister Mangala Samaraweera made the move after a leap in imports of vehicles such as the Suzuki Wagon…
Ceylon Tobacco Company PLC (CTC) announced today that Mr. Susantha Ratnayake who served as the Chairman of the Board of Directors of the Company retired from the position with effect from 31 July 2018, having completed a term of five years as Chairman and a term of six years as a Non-Executive Independent Director. Having…
Video Story
