The Australian High Commissioner in Sri Lanka, His Excellency Bryce Hutchesson, will address the Sri Lankan business community on the 14th of July, 2016 at the Ceylon Chamber of Commerce. His Excellency will speak on the theme ‘The Road to Economic Reform: What it means for Australia and Sri Lanka.’ The session will be moderated…
Trainings to be conducted by CSE to Educate Investors The Colombo Stock Exchange (CSE) will be conducting a range of training programmes around the country to educate investors on the use of mobile trading applications. The series of educational events, which will be conducted free-of-charge, will demonstrate how investors could obtain the full benefits of…
HONG KONG/COLOMBO July 12 (Reuters) – Sri Lanka raised $1.5 billion in its first sale of dual-tranche eurobonds at a lower borrowing cost than initially expected, as yield-hungry global investors put in $6.6 billion in offers. Asian sovereign bonds have rallied this year as investors look for better returns in a low-rate environment. That appetite…
Q: What steps have you taken to attract investments which have dwindled drastically? A: A vibrant investment policy is essential to attract investors. Such a policy had not been spelt out so far. An investment policy is being worked out by the Agency for Development which will be set up soon and on the basis…
In the month of June 2016, the Board of Investment of Sri Lanka has signed 46 nos new investment agreements of a total value of US $ 982 Million estimated investment. These projects cover a wide range of sectors such as manufacturing, construction, mixed development, hotel, mini hydro power, trading house, solar power, apparel, research…
Reuters – Sri Lankan shares rose for a fourth straight session on Monday and posted their highest close in more than two weeks, as foreign investors continued to buy into battered banking and diversified stocks after recent losses. Overseas investors, who have offloaded shares worth a net 5.29 billion Sri Lankan rupees ($36.48 million) so…
In what seemed to the second most significant derivative action since the Companies Act no 7of 2007 came in to effect, the majority shareholders (holding more than 60% share holding) of Mackwoods Securities (Private) Ltd, the holding company of Mackwoods Group of Companies; were given green light by the Commercial High Court to hold an …
Thailand-based ONYX Hospitality Group appoints Simon Dell as its new Vice President and Area General Manager for Sri Lanka. In his new role, Dell oversees ONYX’s growing presence in Sri Lanka, which now includes two OZO properties and the soon-to-be launched Amari Galle. He was most recently Vice President of Operations for ONYX North Asia…
Reuters – The Sri Lankan rupee fell as importers and banks bought dollars, speculating that foreign holders of the country’s sovereign debt might sell them in order to invest in the higher-yielding dollar bonds the government launched on Monday, dealers said. The new dual-tranche dollar bond float, which could result in some foreign investors exiting…
The recent and most controversial topic world-wide was the majority of the British voting at the referendum in favour of Britain leaving the European Union. Academics are of the opinion that this would cause major political and economic impacts globally. TV Derana took steps to create a wide dialogue over this issue through its segment…
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