Reuters – Sri Lankan stocks touched a one-week closing high on Tuesday, as investors picked up shares of beverages and telecom companies, brokers said. The Colombo stock index finished 0.3 percent firmer at 6,590.50, its highest close since Oct. 16. Shares of Ceylon Cold Store Plc climbed 4.1 percent, while Hatton National Bank Plc rose…
Deputy Minister of National Policy and Economic Affairs Dr. Harsha de Silva, and Chairman of CG Corp Global Dr. Binod K. Chaudhary, who is the only Forbes listed billionaire from Nepal will inaugurate the 38th National Conference of Chartered Accountants on Wednesday, 25th October 2017 at BMICH, Colombo. The annual conference organised by the Institute…
Ending the country’s long wait, fresh rice shipments from India began finally arriving in state owned warehouses in Sri Lanka on 24 October. 38 rice container trucks, a batch among many such crews lined up awaiting transfer of their rice cargoes to the large McCallum warehouses of Cooperative Wholesale Establishment (CWE/SATHOSA) at DR Wijewardene Rd,…
The Tea Exporters Association held their Annual General Meeting under the theme ‘Tea Tweak 2020’ at Cinnamon Grand, Colombo recently. Many dignitaries representing the tea industry and related sectors graced the occasion which was held under the patronage of Dr. Indrajit Coomaraswamy, Governor of the Central Bank of Sri Lanka. The Tea Exporters Association was…
Tokyo Cement Company (Lanka) PLC agreed to a settlement over a suit filed against Ruhunu Lanka Cement (Pvt) Ltd in the Commercial High Court of the Western Province. Tokyo Cement, one of the largest manufacturers and suppliers of cement in Sri Lanka, alleged infringement with regard to the similar trade names of the brands that…
Ranked once again amongst ‘500 Strongest Banks’ in Asia Pacific region by The Asian Banker The Commercial Bank of Ceylon PLC has emerged the Strongest Bank in Sri Lanka in 2017, according to the prestigious Asian Banker magazine, and has once again been ranked among the 500 strongest banks in the Asia Pacific region…
Mobitel achieves yet another milestone by being ranked as the ‘Fastest Broadband Network’ on 4G by the Telecommunication Regulatory Commission of Sri Lanka (TRCSL). This is based on the latest speed tests conducted by TRCSL. Compared to the other telecommunication service providers, in terms of fastest and average speeds, Mobitel is the best, reflecting the…
South Asia Textiles Limited, a leading Sri Lankan textile manufacturer specialized in producing exceptional quality weft knitted fabric, is to implement the 5 year Strategic Plan developed with MTI Consulting. In developing the strategic plan, MTI employed its internationally acclaimed 8S® Model framework to conduct a detailed review of SAT’s current position and chart its…
Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics (DCS), increased to 8.6 per cent in September 2017 from 7.9 per cent in August 2017, on year-on-year basis. Both Food and Nonfood categories contributed towards the year-on-year inflation in September…
Reuters – Sri Lankan shares ended little changed on Monday, hovering near a two-week low hit last week, as investors waited for direction from upcoming corporate results and the national budget next month, brokers said. Finance Minister Mangala Samaraweera will present the 2018 budget on Nov. 9. The Colombo stock index finished 0.03 percent weaker…
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