Reuters – Sri Lankan shares fell for a second session on Wednesday, ending near a more than four-month closing low hit last week, as investors sold shares of banks and beverages companies. The Colombo stock index fell 0.13 percent to 6,390.26. Shares of Nestle Lanka Plc fell 0.6 percent, while biggest listed lender Commercial Bank…
A Memorandum of Understanding (MoU) on establishing a sister city relationship between Jishan, Shanxi Province of China and Monaragala, Uva Province of Sri Lanka was signed recently in Sri Lanka between the District Secretary of Monaragala and the Magistrate of the People’s Government of Jishan Country with the participation of Chinese delegation including six members…
Reuters – Sri Lankan shares ended slightly weaker on Tuesday, hovering near a more than four-month closing low hit last week, as foreign investors sold diversified shares, brokers said. Foreign investors turned net sellers for the first time in six sessions, selling shares worth a net 495 million rupees ($3.24 million), although they have net…
Fitch Ratings-Colombo-29 August 2017: Fitch Ratings Lanka has affirmed Citibank N.A. – Colombo Branch’s (CitiSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS CitiSL’s rating reflects the credit profile and financial strength of Citibank, N.A. (Long-Term Issuer Default Rating (IDR) at A+/Stable and Viability Rating at a). The rating is linked…
The 20th Annual General Meeting of the Sri Lanka – Singapore Business Council (SLSBC) of The Ceylon Chamber of Commerce was held recently at The Ceylon Chamber of Commerce. The SLSBC was inaugurated in 1997 under the aegis of the Ceylon Chamber of Commerce with the objective of promoting trade, investments, tourism and services between…
Turkey can become a tea hub between Europe and Asia with Colombo’s collaboration, said Sri Lanka’s ambassador to Ankara P.M. Amza. “Our hope and desire is to collaborate [in the tea sector] rather than compete in order to achieve a mutually beneficial outcome,” Amza said in an exclusive interview with Anadolu Agency. Amza said that…
Sports lovers, particularly cricket fans, must be highly concerned about the unruly crowd behaviour at recent ODIs. Last week, there was the wholly unbecoming experience of the Sri Lanka cricketers being booed at a home match and then having to remain in their dressing room until they were escorted away from the stadium by the…
The Centre for Indo-Lanka Initiatives at Pathfinder Foundation (PF) and National Maritime Foundation (NMF) based in New Delhi, India signed a Memorandum of Understanding (MoU) on to enhance bilateral cooperation between the two think-tank organizations engaged in academic research. The scope of this MoU is to embark on research activities on subject areas of maritime…
Hayleys Advantis Limited, a subsidiary of Hayleys Limited acquired 94.81% equity stake of Sri Lanka Shipping Company Limited for approximately Rs. 4.9 billion. This acquisition is in line with the Group’s strategy on expanding its maritime operations and paving the way for the establishment of the largest marine and shipping company in Sri Lanka, says…
Reuters – Sri Lankan shares ended slightly firmer on Monday, recovering from a more-than-four-month closing low hit last week, as investors bought battered shares after the government’s decision to drop a proposed tax on profits from share trading. However, the day’s turnover touched its lowest in more than five months. It was 210.3 million rupees…
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