The CSE Chairman Mr. Ray Abeywardena who was a Panelist at the 7th Annual Capital Market Conference organized by UTO Educonsult (Pvt) Ltd which was held on the 13th of March, 2019 at the Ramada Hotel airing his views on the plans to develop the Market confirmed that initiatives were under way to hold more…
Fitch Ratings has assigned Nations Trust Bank PLC’s (NTB, A(lka)/Stable) proposed Basel III-compliant subordinated unsecured debentures an expected National Long-Term Rating of ‘A-(lka)(EXP)’. The proposed debentures will total up to LKR3.5 billion, with maturities of five years, and will be listed on the Colombo Stock Exchange. They will qualify as Basel III-compliant regulatory Tier 2…
Experienced Businessman and Accountant, Mr. Ananda Seneviratne recently took on the role as the new Managing Director of Siyapatha Finance PLC. Boasting over 36 years’ worth of experience in the local and international industries, Mr. Seneviratne is a graduate in Business Administration from the University of Sri Jayawardenapura and the holder of a Masters Degree…
Sri Lanka’s current government lead by President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe in coalition that has the Finance Minister as Mangala Samaraweera expects the real Gross Domestic Product (GDP) to grow by 3.5% in 2019, as per the recently released Budget 2019’s forecasts, a report highlights. In the recently released Sri Lanka’s International…
Buoyed by its unprecedented victory in latest global Doing Business ranks, Afghanistan has called to open a direct air corridor with Sri Lanka on 25 March. Kabul also keen on an Investment Protection and Promotion (IPP) pact with Colombo to revive lagging bilateral economic ties. “The Government of Afghanistan launched the Air Corridor two years…
Sri Lanka’s tourism sector earnings rose to US $ 4.38 billion or US $ 4,381 million in 2018, in comparison to US $ 3.92 billion or US $ 3,925 million in 2017, the latest Central Bank data outlined. However the statistics showed that workers remittances declined by 2.1% to $ 7 billion in 2018, whilst…
With its strong ethos of nurturing and fostering micro and SMEs in the country to optimize their contribution towards the nation’s macro growth, Citizens Development Business Finance PLC (CDB) raised USD 60 Mn in FY 2018/2019 to uplift and develop this vital engine of growth in the country’s economy. Having already gained a first loan…
Sri Lanka’s Central Bank statistics outlines that tourist arrivals recorded a growth of 3.5% in December 2018, resulting in a total of 2.3 million arrivals during 2018, compared to 2.1 million arrivals in 2017. Further tourist arrivals from all major regions, except East Asia and the Middle East, increased in 2018. Meanwhile, India remained…
Reuters – Sri Lanka’s share index fell on Friday, hovering near a 5-1/2-year low and recording its sixth straight weekly drop, as investors sold risk assets while they awaited the impact of 2019 budget proposals, market sources said. ** Parliament late on Tuesday passed the second reading of the 2019 budget that raises spending while…
The 6th World Women Leadership Congress (WWLC) bestowed HNB’s Chief Financial Officer, Anusha Gallage with the prestigious ‘Women’s Achievers Award’ in recognition of her role in the introduction of outstanding governance practices and in driving HNB’s social responsibility agenda. Held at the Taj Lands End in Mumbai, India, the event brought together influential women professionals…
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