Headline Inflation, as measured by the change in the National Consumer Price Index (NCPI, 2013=100), which is compiled by the Department of Census and Statistics (DCS), continued to follow the declining trend exhibited since November 2017. As such, the year-on-year NCPI headline inflation decreased to 2.8 per cent in March 2018, lowest since April 2016,…
Mr. Luxman Siriwardena, the Executive Director, The Pathfinder Foundation and Director, Center for China – Sri Lanka Cooperation Studies Centre and Admiral Dr. Jayanath Colombage, Director, Center for Indo-Lanka Initiatives and Centre for the Law of the Sea were appointed as ‘Guest Professors’ at Leshan Normal University, Sichuan Province, China at the recently concluded International…
Reuters – Sri Lankan share index ended marginally weaker on Monday, hitting a one-week closing low, as investors awaited fresh cues as a new cabinet is expected to be sworn in this week, stockbrokers said. The market has been waiting for some political stability after President Maithripala Sirisena suspended parliament until May 8, brokers said….
Over 200 Commonwealth entrepreneurs converged to discuss trade and investment opportunities in Sri Lanka on 18 April in London. According to the Department of Commerce of Sri Lanka, commonwealth entrepreneurs converged at Sri Lanka breakfast networking session of Commonwealth Enterprise and Economic Council held on the sides of CHOGM18. The session was jointly facilitated by…
Bloomberg – Deutsche Bank AG’s accidental payment of 28 billion euros ($35 billion) to Eurex Clearing increased the collateral held by the world’s fourth-largest clearinghouse by more than half. Deutsche Bank’s payment, first reported by Bloomberg News, was equivalent to 55 percent of the collateral held by Eurex Clearing on behalf of the entire market….
State Minister of Finance EranWickramaratne speaking at the G-24 Ministers and Governors meeting held ahead of the spring meetings of the International Monetary Fund (IMF) and World Bank Group (WBG) in Washington on April 19 said that there was a risk from growing debt vulnerabilities in many countries, particularly in low income countries. The Minister…
East West Properties PLC – the owners of Weligama Hotel Properties Ltd, that opened Weligama Bay Marriot Resort & Spa, in a filing to Colombo Stock Exchange (CSE) on Friday (20) said that financial and legal due dilligence of the company has not been finalized yet by the HPL Hotels & Resorts Pte Ltd. …
The Asian Development Bank (ADB) has received $12.6 million of funding for 2018 to 2020 from the Women Entrepreneurs Finance Initiative (We-Fi) to generate more resources for Sri Lankan women-led businesses. The grant—one of three awarded under the inaugural call for proposals—enhances ADB’s support for women-led small and medium-sized enterprises (SMEs), vital for economic growth…
Sri Lanka Tourism Promotion Bureau has successfully concluded a three-day promotional mission to the United Arab Emirates as part of its on-going efforts to develop new markets and increase the number of visitors and spend from the region to Sri Lanka. A 33-member delegation from Sri Lanka’s tourism and hospitality industries led by Madubhani Perera,…
Reuters – Sri Lankan share index ended slightly firmer in a holiday-shortened trading session on Friday, hovering near a five-week closing high hit earlier in the week, as investors picked up banking and telecommunication shares. Many market participants continued to stay away due to extended holidays after the Sinhala-Tamil New Year festival last weekend, brokers…
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