Reuters – Sri Lankan shares extended their losses to a fourth straight session on Thursday as foreign investors sold blue-chip stocks such as John Keells Holdings Plc and Hemas Holdings Plc. The Colombo stock index ended 0.14 percent weaker at 6,153.99, its lowest close since July 16. The index dropped 0.47 percent this week, its…
Fitch Ratings has affirmed Sri Lanka-based Lion Brewery (Ceylon) PLC’s National Long-Term Rating at ‘A+(lka)’. The Outlook is revised to Stable from Negative. Fitch has also affirmed the National Long-Term Rating on Lion’s outstanding senior unsecured debentures at ‘A+(lka)’. The Outlook was revised to Stable because we expect Lion to be able to maintain leverage…
With the recent unveiling of trade related national projects such as NES and SLTIP, there is clear progress in the management of Sri Lanka’s international trade-and now it’s time to leverage these initiatives to move to the next level, stressed Geneva’s International Trade Centre (ITC) in Colombo on 20 July. Acknowledging ITC’s call, Sri Lanka…
Ripe in the times when creative minds in the country are looking to turn their passions into careers, local content creators will now, for the first time in Sri Lanka, be able to monetize their content on YouTube through a Sri Lankan company and turn it into a career option. Earning money on YouTube has…
Capacity expansion in India and an increased order book from the US and EU have enabled Teejay Lanka PLC, Sri Lanka’s only multinational textile manufacturer, to make a strong start to 2018-19 with healthy sales and profit growth. Profit after tax grew by a respectable 27 per cent to Rs 279.3 million on revenue of…
Statistics of housing and apartment prices collected by property firm LankapropertyWeb indicates growth of prices of house prices – 4 Bed room – are at declining path from first quarter 2018 and growth of apartment – 3 Bed Room – is also in same trend from second quarter of 2018, a recent analysis by data statistical firm…
Reuters – Sri Lankan shares extended fall for a third straight session on Wednesday as investors sold blue-chip shares, but foreign buying helped limit losses. The Colombo stock index ended 0.34 percent weaker at 6,162.49. The index, which is down nearly 3 percent in the year so far, had on Friday recorded its highest close…
A Chinese gold mining giant announced that it is ready to set up an international standard, modern gold, gem and jewellery hub in Sri Lanka adding that such a hub boosts China’s OBOR plans on the country. The Chinese firm, Sanmenxio Jinqu Group, is backed by the world’s largest physical gold exchange – the Shanghai…
The Standard Credit Finance Limited (TSCFL), a Licensed Finance Company licensed under the Finance Business Act No. 42 of 2011 (FBA) was facing liquidity crisis since 2008 Depositors of the company have been unable to withdraw their money over the last ten years. All efforts made to revive the company through different strategies have been…
Reuters – A strong global economy and rising oil prices are expected to push up the cost of air travel in 2019, with fares seen rising 2.6 percent and hotel rates up 3.7 percent, although there are downside risks from a trade war, according to an industry forecast. In some countries, including India, New Zealand,…
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