Once famous Sri Lanka’s one of the top traders in the market and former mergers and acquisitions advisor to billionaire Dhammika Perera, Nimal Perera had returned to Sri Lanka’s stock market again with over Rs. 2 billion worth purchases in recent months, a recent report in Sri Lanka’s financial daily – Daily FT highlights. “Given…
The Invest Sri Lanka capital market road show organized by the Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission of Sri Lanka (SEC) concluded on a positive note with institutional investors based in Edinburgh, particularly those with an investment interest in frontier and emerging markets gathering to hear the investment case…
Venora Lanka Power Panels (Pvt.) Ltd., manufacturer of power panels to mega projects in Sri Lanka and abroad has launched its products in the Ethiopian market. The Venora products were launched under the auspices of Ambassador of Sri Lanka to Ethiopia and Permanent Representative to the African Union Commission Sumith Dassanayake on 5 October 2018…
Reuters – The Sri Lankan rupee strengthened 0.5 percent on Friday, as inward remittances and exporters dollar sales surpassed mild importer demand for the greenback, while stocks declined for a fourth straight session and posted their lowest close in more than one week. The rupee ended at 169.40/70 per dollar, compared with the previous close…
The Ministry of Mahaweli Development and Environment and Biodiversity Sri Lanka signed a joint Memorandum of Understanding recently to use their combined comparative advantages for biodiversity conservation and sustainable development in Sri Lanka. Both organizations will endeavor to add value to each other and ensure that together they are able to contribute substantively to influences…
Sovereign bonds of Pakistan, Sri Lanka and Indonesia bore the brunt of a sell-off in EM Asian dollar bonds on Thursday as a rout in U.S. stocks spread to equities in the region. BNY Mellon Investment Management says value may emerge when key headwinds recede. Pakistan’s December 2027 USD notes slid 1.5 cents on the…
Palihapitiya said he decided to make drastic changes to Social Capital after becoming “fundamentally not happy.” The investor said he’s taking Social Capital back to its roots by focusing on long-term investments. Palihapitiya also criticized the start-up economy’s unending appetite for growth, calling it a “charade.” Chamath Palihapitiya, the outspoken Silicon Valley tech investor, called…
The Central Bank of Sri Lanka (CBSL) wishes to make the following statement in relation to the article titled “Government and CB have abdicated vital statutory duty by not being able to deal with rupee depreciation” that appeared in various newspapers on 08th and 09th October 2018. The Central Bank is statutorily charged with the…
Reuters – ** The Sri Lankan rupee ended slightly higher on Thursday, easing from a record low hit in the previous session, as exporters dollar sales surpassed importer demand for the greenback in dull trade, while stocks ended weaker for a third straight session to hit a one-week low. ** The rupee ended at 171.20/40…
South Asia Textiles Limited, a leading Sri Lankan textile manufacturer specialized in producing exceptional quality weft knitted fabric for leading global brands such as Victoria Secret, Next, Marks & Spencer, Tesco, Calvin Klein, Decathlon, Hugo Boss and Adidas, has won the Silver Award, in the “Suppliers and Service Providers to Exporters Extra Large” category, at…
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