Considering developments in the domestic and international macroeconomic environment, the Monetary Board, at its meeting held on 06 November 2017, was of the view that the current monetary policy stance is appropriate. Accordingly, the policy interest rates of the Central Bank of Sri Lanka will remain unchanged at their current levels. The decision of the Monetary Board is…
Reuters – Sri Lankan shares fell on Monday to a two-week closing low as investors awaited the central bank’s monetary policy decision and the national budget presentation scheduled this week. The Colombo stock index closed 0.28 percent weaker at 6,602.72, its lowest since Oct. 24. “It was a dull trade as local retail investors were…
Dipped Products Group posted Rs. 14.6 billion turnover during the 1st half of the financial year, 26 percent increase from a year ago. Group Profit before Tax (PBT) for the period improved to Rs 229 million. The Hand Protection segment contributed Rs. 8 billion to the revenue, 14 percent higher than the previous year. The…
LONDON (Reuters) – Oil prices hit their highest since July 2015 on Monday as Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption crackdown, while markets continued to tighten. Brent crude futures LCOc1 were trading 26 cents higher at $62.33 a barrel by 1012 GMT, after hitting a session peak of…
The Ceylon Chamber of Commerce will hold a customary Post Budget Seminar on the 16th November, 2017 at its auditorium. The keynote speaker of the seminar, which would be held under the title of “Insights on Budget 2018’’ will be delivered by the Honorable State Minister of Finance Eran Wickramaratne. Mrs. Charmaine Tillekeratne, Director, PricewaterhouseCoopers…
The Sri Lankan multinational Haycarb PLC reported a revenue of Rs. 7.1 billion and profit before tax of Rs. 296 million for the six months ending 30th September 2017. The profit after tax stood at Rs. 251 million. Haycarb PLC Managing Director Mr. Rajitha Kariyawasan said that whilst the company continued to expand its market…
The Central Bank of Sri Lanka (CBSL) has observed media reports highlighting the employment numbers referred to in the CBSL Annual Reports of 2014, 2015 and 2016. Subsequent to the Census of Population and Housing (CPH) 2012 conducted by the Department of Census and Statistics (DCS) covering the entire island, the Registrar General’s Department introduced…
The Sri Lankan stock market has continued what has been an encouraging year in 2017, where both market indices continue to record positive returns. The Benchmark All Share Price Index (ASPI) has made a 2.78% gain in October alone and a 6.31% gain year-to-date, while the S&P SL 20 index, which features the CSE’s 20…
Maggi recently partnered the 45th International Pepper Conference as Silver Sponsor, as part of its commitment to use popular Sri Lankan spices in its products to naturally enhance flavour, and encourage the use of spices in home cooking. Locally sourced pepper is one of the many spices that add delicious flavour to Maggi and delivers…
~ Former Microsoft Country Manager joins the leadership team at Bileeta Bileeta, an award winning Enterprise Resource Planning (ERP) solutions provider, announced the expansion of its leadership with the appointment of Imran Vilcassim as Chief Marketing Officer. With over 13 years of experience in the Technology industry, Vilcassim possesses an extensive knowledge of technology trends…
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