Asian leaders including Sri Lanka, Việt Nam, Japan and South Korea worries about Protectionism, Nationalism Joining a panel discussion at the World Economic Forum on ASEAN, along with foreign ministers from Việt Nam, Japan and South Korea and Lynn Kuok, Associate Fellow at the International Institute for Strategic Studies (IISS) in Singapore recently (on Thursday…
World’s largest population China funded Sri Lanka’s Colombo Port City is targeting Investor’s from World’s second largest population – India officials said recently addressing Sri Lanka Economic Forum in Colombo organized by the Ceylon Chamber of Commerce. “Sri Lanka’s Colombo Port City’s financial centre aims to attract investors from the region, especially Indians and expatriates…
MTD Walkers PLC (Stock Code: KAPI.N) in disclosure to Colombo Stock Exchange (CSE) on today (14th September 2018) said that at present the company has not engaged or entered into any agreement to sell a strategic stake in Walkers Colombo Shipyard private limited neither to inject fresh capital in the company. Denying recent media reports appeared…
Sri Lanka’s China backed, US $1.4 billion 665 acre new metropolis coming up adding nearly 2.6 square kilometers to 65,610 square kilometer South Asian island, ‘Could be also be governed by its own legal system, and the system is still being discussed and will require approval from Sri Lanka’s parliament and council of ministers’ a…
Reuters – Sri Lankan shares closed flat near a two-week closing low on Thursday in heavy trading led by Dunamis Capital Plc which nearly doubled in value, even as foreign investors continued to trim their equity exposure for a second straight day. The Colombo stock index edged 0.03 percent higher to 6,060.68, settling near its…
Reuters – The Sri Lankan rupee hit a fresh low against the dollar on Thursday but sources said the market expects the currency to recover, tracking gains in other emerging market currencies. Hard-hit emerging market currencies were 0.43 percent stronger, helped by a weaker greenback. The U.S. dollar index fell as hopes grew of concessions…
Arun Kumar, Chairman and CEO of KPMG in India, says the ‘easy money’ which is offered by large economies like China to smaller nations the likes of Sri Lanka often comes with strings attached such as the loss of control over natural resources. Delivering the keynote address at the Sri Lanka Economic Summit 2018 on…
Sri Lanka Economic Summit 2018, organized by the Ceylon Chamber of Commerce (CCC) was inaugurated this morning (13) at Cinnamon Grand Colombo. The two-day event is scheduled to be held on 13th and 14th September. Addressing the first session of Day-1 of the summit, Dr Eteri Kvintradze, Resident Representative in Colombo, International Monetary Fund, commented…
China is moving into new geographical areas of Sri Lanka, where Indian influence has traditionally been strongest, a recent report published on the The Diplomat by By Dr. Sudha Ramachandran highlights. Dr. Sudha Ramachandran is an independent analyst based in Bangalore, India and writes on South Asian political and security issues according to The Diplomat,…
Says deal will be launchpad to consolidate JPLC as a leading financial services conglomerate in the country Janashakthi PLC (JPLC) today (13) announced the acquisition of 31.14 percent of the issued capital of Dunamis Capital PLC, the holding company of First Capital PLC and Kelsey Developments PLC, for LKR 1.4 Billion (LKR 36.60 per share)….
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