Reuters – Sri Lankan share index ended weaker on Monday, hovering near its nine-week closing low hit last week, as political woes over a no-confidence motion against the prime minister weighed on sentiment, although foreign buying boosted the turnover, brokers said. The turnover stood at 2.3 billion rupees ($14.82 million), well above this year’s daily…
~ The fund reported a net return of 6.95% in 2016 and 5.25% in 2017 The Ceylon Dollar Bond Fund (CDBF) investing in Sri Lanka Development Bonds (SLDBs), Dollar Sovereign and Bank Bonds, is now eligible to accept investments from any local individual or company. All Personal Foreign Currency Account (PFCA) holders (formerly NRFC, RFC,…
Laws to make it mandatory for domestic workers including housemaids to contribute towards the Employees Provident Fund (EPF), will be introduced to Parliament after drafting them, Labour and Trade Union Relations and Sabaragamuwa Development Minister W.D.J. Seneviratne said. Cabinet approval has already been received for drafting the necessary laws. Once these laws are approved, all…
The United States’ GSP trade incentive program me for Sri Lanka will become active again on April 22, the US Embassy said Saturday. “This will open our market up even more to Sri Lankan goods and create jobs,” said a spokesperson for the US Embassy in Colombo. The program me had lapsed on December 31,…
Sri Lanka’s new Inland Revenue act aimed at simplifying the taxes and ease the burden on the low-income people, will come into effect from today, Inland Revenue Department says. According to Commissioner of Inland Revenue Department Ivan Dissanayake, following the new Tax Act, taxes have been amended in a number of fields and will depend…
President Maithripala Sirisena has given instructions to the relevant authorities to prepare a system to issue licenses to excavate sand and stones needed for the construction industry, at one place. The President has given these instructions participating in a meeting held at the Presidential Secretariat yesterday (29), regarding the challenges faced by the construction industry…
Reuters – Sri Lankan shares ended firmer on Thursday led by financials, edging up from a nine-week closing low hit in the previous session, with block deals boosting turnover on the last trading day of the current fiscal year. The Colombo stock index ended 0.57 points firmer at 6,476.78, edging up from its lowest closing…
Cargills Bank opened its newest “In-Store” branch in Rajagiriya in the heart of the administrative capital-Sri Jayawardenapura as a part of its expansion drive throughout the island. Located at Cargills Food City, No 395, Sri Jayawardenapura Mawatha, Welikada, Rajagiriya, the latest branch opening will be Cargills Bank’s 18th branch. The new branch was declared open…
As a mother, wife, daughter, or even as an entrepreneur, women continue to play an important role in shaping their family and society. Taking into heart the significant contribution of women, Amãna Bank over the years has introduced a host of people friendly banking solutions catering exclusively towards enriching the lives of the ladies segment…
By Chinthi Weerasinghe: Sri Lanka continues to rise as a preferred Information Technology (IT) / Business Process Management (BPM) destination. Leading names in IT and IT-enabled services either have a presence in our paradise isle already or are keen on setting up operations here. Strong government support, the market’s cost competitiveness and our highly skilled…
Video Story
