Record breaking foreign investment in the Sri Lankan stock market has continued into 2018, with Rs. 4 billion in net foreign purchases during the month of January – a new record for the first month of any given year. The month recorded Rs. 10.7 billion in foreign purchases in the market, while foreign investors made…
Reuters – Sri Lankan shares ended lower for a second straight session on Wednesday as investors sold blue-chip stocks such as John Keells Holdings Plc ahead of the local government polls over the weekend. The Colombo stock index ended 0.08 percent weaker at 6,507.25, slipping further from its highest close since Jan. 9 hit on…
British Prime Minister Theresa May has appointed Ranil Jayawardena, MP, as her trade envoy for Sri Lanka. Mr Jayawardena’s role as trade envoy will be to support and enhance the development of Britain’s trade and investment with Sri Lanka. The Prime Minister’s Trade Envoy will be visiting Sri Lanka from 15th to 17th February to…
Fitch Ratings-Hong Kong-06 February 2018: Fitch Ratings has affirmed Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B+’ with a Stable Outlook. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS The affirmation of Sri Lanka’s sovereign ratings reflects the following factors: Sri Lanka’s revised…
Reuters – Sri Lankan shares ended slightly weaker on Tuesday, slipping from their highest close in more than three weeks, with domestic investors staying on the sidelines ahead of the local government polls over the weekend. The Colombo stock index ended 0.12 percent weaker at 6,512.54, slipping from its highest close since Jan. 9 hit…
Recognized as one of the world’s preeminent financial advisory and asset management firms, the 170 year old Lazard (www.lazard.com) has shown interest in Sri Lanka, with a visit this week by an international delegation, in co-operation with MTI Consulting. The US$ 2.7 billion global financial advisory firm in conjunction with MTI Consulting, plans to meet officials of the Sri…
Oilprice.com – The rise in oil prices in recent months will pressure the profitability of airlines and will likely result in increased airfares in the coming months, according to airline executives. The price of oil generally accounts for around 30 percent of the costs at an airline. Since June 2017, oil prices have risen by…
Stephen Renna, Director, Advocacy Center, U.S. Department of Commerce, International Trade Administration will meet with members of the American Chamber of Commerce in Sri Lanka this Friday. The meeting will focus on initiatives being carried out by the Advocacy Center to boost business for U.S. companies as well as an open discussion on current…
Sri Lanka Tea Board in collaboration with the Sri Lankan Embassy in Russia in Moscow has organized a Sri Lanka’s Ceylon Tea stand at the Food and Beverages International Exhibition PRODEXPO 2018 being held in Moscow from today. PRODEXPO 2018 Exhibition will be held until February 9. A business delegation of representatives of leading Sri…
Reuters – U.S. stocks plunged in highly volatile trading on Monday, with both the S&P 500 and Dow Industrials indices slumping more than 4.0 percent, as the Dow notched its biggest intraday decline in history with a nearly 1,600-point drop and Wall Street erased its gains for the year. The declines for the benchmark S&P…
Video Story
