The Developer of luxury condominium – ‘447 Luna Tower’ opens its doors to welcome 15 exclusive invitees to its ‘Display Apartment’ located in the heart of Colombo 2 – Union Place. After the successful conclusion of its pilot ‘Open Day’ event in June of 2018, the condominium known to be Colombo’s “Exclusive Urban Address” continues on with…
Biz folk are less than impressed with the turn of events on the national stage The depreciation of the Sri Lankan Rupee has come into greater focus with the currency trading close to the psychological barrier of Rs. 160 to the US Dollar in recent times. A sum of nearly US$ 220 million in foreign…
Former Mackwoods group owned now Damro Group owned Agalawatte Plantations PLC (AGAL) in a disclosure to Colombo Stock Exchange (CSE) said that in reference to the Extraordinary General Meeting (EGM) that was scheduled to held on the 5th July 2018 was postponed due to an interim order granted by the Commercial High Court Holden in Colombo in case…
Reuters – Sri Lankan shares edged lower on Friday in moderate volume as selling in late trade weighed on the market after the central bank cut its economic growth estimate. Economic growth in 2018 is likely to be between 4 percent and 4.5 percent, falling short of an earlier estimate of 5 percent, Central Bank…
Sri Lankan Inland Revenue Commissioner General Ivan Dissanayake addressing reporters on Thursday (5th July) said that every citizen in Sri Lanka who has the financial capability to take on foreign Travel or purchase a vehicle are considered as Taxable. Speaking to reporters he further invited that every such individual to come and open tax files…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 05 July 2018, decided to maintain policy interest rates at their current levels. Accordingly, the Standing Deposit Facility Rate (SDFR) and Standing Lending Facility Rate (SLFR) remain at 7.25 per cent and 8.50 per cent, respectively. The Board’s decision is…
Speaking at a Conference held for the heads of State Owned Enterprises (SOEs) on yesterday (05) Finance and Media Minister Mangala Samaraweera pointed out that During 2017, 55 public ventures alone have recorded a total turnover of nearly Rs. 1800 billion which was almost 13.22 percent of the GDP. He further said that out of…
Recently launched new ‘Empower’ board on the Colombo Stock Exchange (CSE) is targeted at Sri Lanka’s Small and Medium enterprises encourage smaller and midsize companies to have a chance to reduce leverage by selling stock on a liberalized marketplace with simpler regulation and lower costs. “The SME Board of the Colombo Stock Exchange can play…
Reuters – Sri Lankan shares rose 1.2 percent on Thursday, the most in seven-and-a-half months, as investors bought into blue chips such as Ceylon Tobacco Co Plc and John Keells Holdings Plc after three straight sessions of sharp fall. However, continued foreign investor selling and concerns about lower economic growth limited the gains, analysts said….
In its latest rating review concluded in June 2018, Fitch Ratings Lanka has revised Amãna Bank’s rating outlook to Positive from Stable whilst affirming its National Long Term Rating at BB(lka). According to the communiqué issued by Fitch Ratings “The Outlook revision on Amãna takes into account our expectation that the bank will continue to…
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