Sri Lanka’s Department of Pensions highlights that the number of pensioner community who getting a pension from the Department of Pensions were 600,867 as at the end of 2017. It is 3.6 % increase relatively to the year 2016 the latest annual review of the Department of Pensions notes. The data further notes that over…
Reuters – Credit ratings agency Moody’s warned on Tuesday that heavyweight economies such as the United States, China and Italy as well as emerging markets like Turkey, Brazil and Argentina were all facing rising rating pressures. A new report by a group of top Moody’s sovereign analysts said the global picture for ratings was still…
Local buying of JKH to the tune of Rs. 7 Bn in a week accounts for main foreign outflow Analysts outline that with Monday (November 5th 2018) net outflow due to foreign selling of market heavy weight John Keells Holdings PLC (JKH) brings the figure since 26th October 2018 to over Rs. 7 billion. In January to…
Minister of Tourism and Wildlife Vasantha Senanayake unveils new slogan and strategy Encapsulating the essence of Sri Lanka, its authenticity, diversity and all of its richness is an expression that sums up the travels and tales of a Sri Lankan experience. “So Sri Lanka” goes beyond being a place descriptor and embodies the vibrant qualities…
National Savings Bank has recently raised a US$ 100 million loan facility supported by Commerzbank AG.The excellent relationship that NSB enjoys with its banking partners has allowed NSB access to a competitive interest rate despite the current global trend of interest rate increases. The facility was arranged jointly by Dubai based Alpen Capital (ME) Limited…
In its monthly Compass bulletin, real estate consultancy Jones Lang Lasalle examined the relevance of the Western Region Megapolis Masterplan to Sri Lanka’s ambitions of improving citizen wealth and rapid economic growth. The statement also questioned the sporadic nature of the progress reported by the project since March 2017, noting that a cornerstone of the…
Sector leader in prestigious sustainability rating with 85 out of 100 points, second time in a row Best in sector in climate strategy, human capital development, information security, tax strategy and financial inclusion Integration of the two-degree climate target in proprietary investments and business operations starting The Allianz Group has taken the leading position among…
Reuters – ** The Sri Lankan rupee ended weaker on Monday as outflows from stocks and government securities due to political uncertainty raised dollar demand. ** Stocks slipped for the second session running, moving further away from their nearly two-month closing high hit last week. Foreign investors sold shares as the political crisis continued after…
Sri Lanka’s Hemas Holdings PLC in a disclosure to Colombo Stock Exchange said that their healthcare subsidiary Hemas Hospitals (Pvt) Ltd had disposed the entire 100% stake in their third hospital – Hemas Southern Hospitals (Pvt) Ltd for Ashok Pathirage lead Asiri Hospital Holdings PLC for a consideration of Rs. 450 million. Hemas Holdings further…
Iconic Sri Lankan multinational Hayleys PLC and Germany’s botanicals giant Martin Bauer Group (MBG) announce a historic joint venture partnership in Hayleys Global Beverages Ltd. (HGBL). Established in 2016, HGBL stands among Sri Lanka’s most sophisticated manufacturers of authentic Pure Ceylon Tea extracts – primarily in the form of powders, concentrates aromas and flavours. MBG…
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