It has been proposed to supply Fire-Fighting Equipment and Vehicles in order to enhance the capacity of Fire Brigade Unit in Municipal Council in Colombo. The proposal of Prime Minister Ranil Wickramasinghe in his capacity as the Minister of National Policies and Economic Affairs to discuss with Unicredit Bank in Austria and enter in to…
The inaugural South Asia Investment Conference (SAIC), jointly organized by Capital Alliance Securities (Pvt) Ltd, AKD Securities – Pakistan and Lanka Bangla Securities – Bangladesh was successfully concluded at the Taj Samudra Hotel in Colombo on 7th and 8th May 2018. The two-day event played host to round-the-clock meetings, attracting over 100 participants from 8…
SriLankan Airlines wish to inform all passengers, to arrive at the airport three hours prior to the departure time effective today, 17th May 2018, 12.00pm onwards until further notice. This is to minimize delays that may arise due to ‘work to rule’ trade union action carried out by the Sri Lanka Immigration and Emigration Officer’s…
Sunshine Holdings PLC (SUN) in a disclosure to Colombo Stock Exchange (CSE) recently said that the company’s Board of Directors resolved on 15th May 2018 to raise Rs. 775 million by way of a Private Placement through placing over 11.92 million ordinary voting shares to SBI Ven Holdings Pte Ltd at Rs. 65 per share….
The underlying fundamentals do not warrant the current pressure on the Sri Lanka rupee. Gross external reserves are presently at a healthy USD 9.1 bn and the real effective exchange rate indices indicate that the currency is competitive. The pressure on the currency is, therefore, unwarranted. The following inflows are expected to boost the current…
Reuters – Sri Lankan shares rose for a second straight session on Wednesday and closed at a one-week high, with Ceylon Tobacco Co Plc leading the gains. The Colombo stock index ended 0.42 percent firmer at 6,483.47, its highest close since May 9. It hit a five-week low on Monday. “There was slow local buying…
Sri Lanka Telecom PLC (SLT) released its Group and Company financial results for the 1st Quarter 2018, today. The group has reported EBITDA or Operating Profit before depreciation and amortization of Rs. 6.1 bn during the 1st quarter 2018, with a Year on Year increase of 8.5%. The EBITDA margin of the Group increased from…
President Maithripala Sirisena advised the National Economic Council (NEC) to hold a special one-day workshop on the government’s comprehensive economic development plan for Ministers, Members of Parliament representing the government, Ministry secretaries and Central Bank and Treasury officials. He said such a workshop will be helpful to make them aware of the plans and also…
Reuters – Sri Lankan shares ended firmer on Tuesday, edging up from a near five-week closing low hit in the previous session, led by Ceylon Cold Stores Plc, while the recent fuel price hike weighed on sentiment, stockbrokers said. The day’s turnover slumped to near one-month low as investors stayed on the sidelines, they said….
Singer (Sri Lanka) PLC announced today its results for the quarter ended 31st March 2018. The results showed an increase of 13% in revenue amounting to Rs. 13.6 Billion compared to the same quarter in previous year, in spite of challenging business conditions. In the period under review for the 3 months ended 31st March…
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