Sampath Bank PLC has entered into a Memorandum of Understanding (MoU) with Ustocktrade LK (Private) Ltd (ULPL) to enable investors pay conveniently when trading in securities listed on stock exchanges across the United States of America (USA) through the Ustocktrade app. Under this agreement, Sampath Bank Personal Foreign Currency (PFC) accountholders will soon be able to…
An independent study examining the economic impact of increasing the use of digital payments in major cities around the world, including Colombo, it was found that Colombo could achieve, US$ 200 million annual net benefits. This survey conducted by Roubini Thought Lab and commissioned by Visa.“Colombo, with a population of 694,000 and GDP of US$…
Reuters – Sri Lankan shares slipped to their lowest close in more than eight weeks on Friday, led by beverage and telecom stocks as investors remained worried about the island nation’s slower economic growth, brokers said. The Colombo stock index closed 0.12 percent lower at 6,443.75, marking its fourth session of fall in five. It…
Shang Properties (Pvt) Ltd (the “Company”), a joint venture of Kerry Properties Limited (HKEx: 683) and Shang Properties, Inc. (SHNG:PM), has signed a 99–year land lease agreement with Urban Development Authority of Sri Lanka (Ministry of Megapolis & Western Development) for a land parcel in Colombo 2, Sri Lanka. The Company has acquired this site…
Reuters – Sri Lankan shares ended marginally higher on Thursday, snapping three straight sessions of falls, as investors bought beverage and diversified stocks, brokers said. The Colombo stock index rose 0.09 percent to 6,451.51, after it posted an eight-week closing low in the previous session. However, investors remain worried about the island nation’s slower economic…
The Colombo Stock Exchange (CSE) won the award for Best Workplace Practices at the recently concluded World HRD Congress in Mumbai, India. The Global HR Excellence Awards, which held its 26th edition at the 2018 World HRD Congress, recognizes HR leaders and organizations for developing innovative HR practices that drive the company and its workforce….
Sri Lanka’s most exclusive beachfront mixed development to be completed by December 2019 Serenia Residences the Rs 2 billion investment, aptly dubbed an architectural gem, offering a premium collection of 47 perfectly handcrafted, beachfront, luxury residences located in Talpe, Galle along the “Million Dollar Golden Mile”, hosted potential high-net-worth buyers to an exclusive presentation of…
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), decreased to 3.2 per cent in February 2018 from 5.4 per cent in January 2018, on year-on-year basis. The high base prevailed in February 2017 as well as the…
Cabinet has approved a proposal for the amendment of the Companies Act no 7 of 2007, in order to avoid money laundering and funding of terrorism.The government said that it had identified the necessity of rapid legal amendments to avoid Money Laundering and Funding of Terrorism. “Therefore it has been decided to make necessary amendments…
Reuters – Sri Lankan shares fell for a third straight session on Wednesday and posted their lowest close in eight weeks, as investors sold diversified stocks such as John Keells Holdings Plc on worries over slower economic growth, brokers said. Sri Lanka’s economy grew by 3.1 percent in 2017, the slowest pace in 16 years…
Video Story
