COLOMBO (Reuters) – Fifty couples from China tied the knot in the Sri Lankan capital on Sunday in a mass wedding ceremony, conducted in the island’s Buddhist traditions, as the island aims to woo more tourists. The couples included newly-weds as well as already married couples aiming to re-dedicate their marriages, officials said. Some were…
New York, December 17, 2017 — Moody’s Investors Service says that Sri Lanka’s (B1 negative) high general government debt levels, very low debt affordability, and fragile external payments position continue to present the sovereign with material credit challenges. In particular, persistently high government liquidity and external vulnerability risks will maintain pressure on the sovereign’s credit…
President Maithripala Sirisena yesterday said, he would make an official request from Russian President Vladimir Putin to withdraw the temporary restrictions imposed on tea imports from Sri Lanka. President Sirisena also said that a special delegation headed by Plantation Industries Minister Navin Dissanayake and Industry and Commerce Minister Rishad Bathiudeen will be sent to Russia…
MOSCOW (Reuters) – Russia will place temporary restrictions on imports of all agricultural products from Sri Lanka, including tea, from Dec. 18, the Russian agricultural safety watchdog Rosselkhoznadzor said on Thursday. The watchdog said it had taken the decision to impose restrictions after it found an insect, known as the Khapra beetle, in the packaging…
The Colombo Stock Exchange (CSE) announces the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2017 year-end index rebalance. A revision of the S&P SL 20 methodology in March 2017 established the practice of a semiannual rebalance of the index (previously conducted annually), which is set…
The Government of Sri Lanka entered into three Loan Agreements worth of USD 270 million with the Asian Development Bank (ADB) for the implementation of two projects; Integrated Road Investment Program and Jaffna Kilinochchi Water Supply Project. A loan of USD 150 million was obtained for the investments required for the 4th Tranche of the…
The Central Bank of Sri Lanka (CBSL) has drawn attention of the general public for implementation of its Clean Note Policy and regulation on the willfully mutilation, alteration or defacement of Sri Lanka currency notes. The Clean Note Policy has been introduced by CBSL aiming at maintaining the quality standards of the currency notes and…
Reuters – Sri Lankan shares closed little changed on Thursday, hovering near their lowest close in eight months hit in the previous session, as gains in plantation and beverage stocks offset falls in palm oil and diversified shares. The Colombo Stock Index ended 0.07 percent higher at 6,357.04. It had posted its lowest close since…
S&P Global Ratings has revised its credit rating outlook for DFCC Bank from negative to stable, while affirming ‘B’ long-term and ‘B’ short-term issuer credit ratings on the bank. In its assessment of DFCC’s business position, the Bank is projected to maintain its satisfactory market position and business stability over the next 12-18 months. The…
The Managing Director of JAT Holdings (Pvt) Ltd, Mr. Aelian Gunawardene, says that the company is ready to go public anytime, but they have opted not to go public in Sri Lanka due to ‘uncertainties’ of the stock market. In an exclusive interview with Ada Derana Biz, he said that even though JAT Holdings is…
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