Launches new range for top European and Japanese marques like Benz, BMW, Audi & Land Cruiser Prado A year after its successful foray into the premium automobile segment in Europe, CEAT has entered the ‘big league’ in the Sri Lankan market with a range of radial tyres globally benchmarked for top nameplate marques. The launch…
As Sri Lanka-Bangladesh trade continued its steady climb, a top Bangladeshi Minister has recently issued a high level call for speedier Free Trade Agreement with Sri Lanka, to conclude as early as next year. And the yet another SL-B’desh Working Group on Trade is also to take place in Colombo -anytime. “Our present bilateral trade…
A farewell Dinner was organized by the Sri Lanka – Russia Business Council of the Ceylon Chamber of Commerce recently at the Colombo Swimming Club. The event was organized to bid farewell to His Excellency Alexander Karchava and in recognition of the tremendous services rendered during his tenure as the Patron of the Council. His…
Also wins Awards for Cloud and Provider Lifecycle Management Platforms Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, today announced that it has been awarded three Stevie Award recognitions at the 2017 American Business Awards; a Gold award for Most Innovative Technology Company…
Reuters – Sri Lankan shares closed at their lowest in more than four months on Wednesday, with foreign investors selling risky assets in lacklustre trade, while the daily turnover got a boost from block trades. The Colombo stock index resumed trade after a holiday, ended down 0.38 percent at 6,361.03, its lowest close since April…
Nissan unveiled its new 2018 all-electric Leaf at a special event on Tuesday (05) , and the much-anticipated successor to one of the earliest production EVs had some interesting tricks up its sleeve. Most of these focused on intelligent driver assistance features, including ProPILOT semi-autonomous driving and parking capabilities. The Leaf also had an updated…
Reuters – The Sri Lankan rupee ended marginally weaker on Wednesday as importer dollar demand outpaced selling of the U.S. currency by exporters and banks, dealers said. The spot rupee ended at 152.55/65 per dollar, compared with Monday’s close of 152.45/55. “Today the demand (for dollar) was there and it was importer demand,” said a…
The Ceylon Index Fund (CIF) that invests in blue chip, liquid companies listed on the Colombo Stock Exchange (CSE) has emerged as the top performing Unit Trust out of all 78 mutual funds in Sri Lanka during the first half of 2017. The fund reported a performance of 15.57%* during the first six months of…
Fitch Ratings has assigned Pan Asia Banking Corporation PLC’s (PABC, BBB-(lka)/Stable) outstanding Sri Lanka rupee-denominated Basel II-compliant subordinated debentures a National Long-Term Rating at ‘BB+(lka)’. The debentures mature in 2019 and amount to LKR3 billion. A full list of PABC’s ratings is given below. KEY RATING DRIVERS The outstanding subordinated debentures are rated one notch…
Reuters – Sri Lankan shares fell to a near two-week low on Monday as investors sold diversified and telecom shares in lacklustre trade ahead of a holiday, while the daily turnover got a boost from block trades. The Colombo stock index resumed trade after a holiday on Friday and ended 0.08 percent down at 6,385.56,…
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