The Russian Federation revealed that its historic longing for Ceylon Tea has not wavered and even vowed for bigger trade with Sri Lanka, calling to despatch a strong delegation to the trade meet scheduled in Moscow this year. “Yes, we imposed a ban on Ceylon Tea, but it was nothing to do with our asbestos…
First Offloading of a Semi-Submersible Oil Rig in Sri Lanka Hayleys Energy Services, the pioneer in Oil and Gas support services in Sri Lanka, announced that it had successfully completed the offloading of the Semi-Submersible oil rig Olinda Star at the Trincomalee Port Anchorage recently. This deep-water rig is capable of drilling at water depths…
Reuters – Sri Lankan shares ended lower on Tuesday, slipping from a near seven-week high hit in the previous session, as investors booked profits in blue chip stocks, while foreign traders continued buying the island nation’s risky assets. The Colombo Stock Index ended 0.2 percent weaker at 6,527.14. The bourse rose 2.3 percent last week,…
– Has discussions with HNB’s clients having a presence in Bangladesh With Sri Lanka and Bangladesh witnessing deepening bilateral economic cooperation in recent years, particularly in key power and other large scale projects, HNB’s Managing Director and Chief Executive Officer, Jonathan Alles said the Bank is looking forward to strengthening its support and furthering strategic…
Sri Lankan banks are likely to significantly boost issuance of Basel III-compliant Tier 2 instruments in 2018, says Fitch Ratings. Most banks will need to raise capital to meet higher Basel III requirements that take full effect in January 2019, and to support balance-sheet expansion. Banks will also need to undertake significant Basel III Tier…
LVL Energy Fund Limited (LVEF) rang the opening bell to commence trading and celebrate the listing of its shares at the Colombo Stock Exchange (CSE) today. The listing follows a successful Initial Public Offering by the company, through which it raised Rs. 1.2 billion through a 120 million share issue. Director/CEO of LVL Energy Fund…
IFC, a member of the World Bank Group, is partnering with the Central Bank of Sri Lanka (CBSL) to develop the country’s first National Financial Inclusion Strategy (NFIS) to promote a more effective and efficient process to improve financial inclusion across Sri Lanka. IFC, over the course of the project, will provide technical assistance to…
Quantifying the Labour demand of the country was a challenge and it was a long felt need for the policy making on the matters related to the labour demand in the country, says the Department of Census and Statistics (DCS). Issuing a statement related to such attempts carried out by the Department on first ever…
US $ 10 million investment in Sri Lanka On 8th January 2018, the State Pharmaceuticals Manufacturing Corporation of Sri Lanka (SPMC) and Pharma Zone (Pvt) Ltd entered into an agreement to build the first ever exclusive pharmaceutical manufacturing zone of Sri Lanka in the Welipenna area of the Kalutara district at an investment in excess…
Reuters – Sri Lankan shares rose on Monday to a near seven-week high as blue chip shares such as John Keells Holdings Plc gained, while foreign investors continued to buy the island nation’s risky assets. The Colombo Stock Index ended 0.4 percent firmer at 6,540.51, its highest close since Nov. 10. The bourse rose 2.3…
Video Story
