Reuters – Sri Lankan shares ended slightly weaker on Friday in light trade and posted their ninth session of decline in 10, as worries over new tax proposals weighed on sentiment. However, foreign investors bought beaten-down stocks, limiting the downside. Foreign buying accounted for about half of the day’s turnover of 209.5 million rupees ($1.31…
Reuters – The Sri Lankan rupee hit an all-time low of 160.96 per dollar on Friday, dragged down by importer dollar demand and less dollar inflows, dealers said. The rupee closed at 160.85/161.00 per dollar, compared with Thursday’s close of 160.73/83. The local currency surpassed its earlier record of 160.82 hit in the previous session….
Gas Distributors says Channel Margins not reviewed since 2007 for over 11 years and, Distribution in a Crisis Amidst rising operational and management costs, representing the Sri Lanka’s largest Gas distributor chain, LP Gas Distributors Association of Sri Lanka (LPGDASL) says that they need an urgent revision in Channel Margins with immediate effect as…
Sri Lanka’s Softlogic Holdings PLC has increased its’ footprint to USA and Middle East with a Software Solution developed for medium to large hospitals that was launched in the USA and the Middle East during the financial year 2017/2018, gaining traction despite intense competition. Company’s latest management review outlines that during the year Softlogic set…
Sri Lanka Parliament’s Committee on Public Enterprises (COPE) rejected a request to give a 1 year service extension to People’s Bank General Manager Wasantha Kumara, COPE Chairman Sunil Handunnetti told Parliament yesterday urging Parliament’s special attention to implement the COPE recommendations. According reports COPE Chairman had noted that the Finance Ministry and Public Enterprises Ministry…
Reuters – Sri Lankan shares closed higher for the first time in nine sessions on Thursday as foreign investors bought beaten-down stocks, although worries over new tax proposals limited the upside. Foreign buying accounted for about two-thirds of the day’s turnover of 1.07 billion rupees ($6.67 million) which was better than this year’s daily average…
Reuters – The Sri Lankan rupee hit a fresh low of 160.82 per dollar on Thursday as importer dollar demand and foreign outflows from government securities weighed on the currency, dealers said. The rupee closed at 160.73/83 per dollar in thin trade, compared with Tuesday’s close of 160.60/70. The markets were closed on Wednesday for…
Global Times – Sri Lankan Ambassador to China Karunasena Kodituwakku on Wednesday strongly pushed back recent media reports criticizing Chinese investments in his country, saying that Sri Lanka was not forced to accept investments and loans from China and wants to continue cooperation with China under the Belt and Road (B&R) initiative. Chinese investments in Sri Lanka…
COLOMBO: Sri Lanka’s national carrier will launch a new search for an equity partner after the IMF warned the loss-making airline was dragging the country’s economy down, officials said on Wednesday (Aug 22). The government will call for fresh expressions of interest next month to inject new capital into and manage Sri Lankan, back in…
Four Worst Nightmares About Your Private Messages People are making more intimate connections now than ever before through the screen of their smartphones and laptops—but did you know that your private messages may not be completely safe? With the recent events in the tech world, we’ve realized that certain messaging apps don’t provide a completely…
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