Thailand’s Securities and Exchange Commission has requested a criminal probe into the activities of Mitsuji Konoshita, the chief executive officer of Group Lease Plc., suspended it from trading as of Oct. 16, the Stock Exchange of Thailand has announced. The company has intrigued Thai investors who have bought its stock on the theory that its…
Mobitel, Sri Lanka’s National Mobile Service Provider showcased the nascent NB-IoT technology (Narrow Band Internet of Things) for the first time in South Asia at the recently concluded Techno 2017 exhibition in Sri Lanka which took place from the 13th-15th of October 2017. Mobitel’s vibrant demonstration at Techno 2017 inspired all attendees of the…
The 38th National Conference organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) received a fresh boost recently after several top organisations representing diverse sectors came on board to steer the country’s largest business summit with a series of sponsorships. BPO Connect, Lanka IOC and Vallibel One extended support to the…
Reuters – Sri Lanka has a “clear plan” to manage its debt, with proceeds of any divestment and privatization to be used to repay loans the island nation has borrowed, central bank chief Indrajit Coomaraswamy told Reuters this week. Sri Lanka is facing a debt crisis with the repayment cycle of expensive infrastructure foreign loans…
Moody’s Investors Service says that Sri Lanka’s (B1 negative) significant borrowing requirements and heavy reliance on external and foreign-currency funding expose the sovereign to material liquidity and external financing risk, which weighs on the sovereign’s credit profile. Despite a recent increase in foreign exchange reserves, reserve coverage of external obligations remains low. Unless reserves rise…
The Consulate General of Sri Lanka in Guangzhou facilitated the participation of Sri Lankan SME’s in Trade Fairs in three different cities in Southern China, namely, Nanning (Guangxi province), Dongguan and Guangzhou to create awareness and boost trade for the wide range of products that are manufactured in Sri Lanka. While the Trade Fairs in…
Macroeconomic stabilization of the economy broadly on track Better, more facilitative capital market regulation across the board CSE ready to play its part in the national growth agenda Foreign speakers offer a compelling endorsement of Sri Lanka The “Invest Sri Lanka Investor Forum” organized by the Colombo Stock Exchange (CSE) and the Securities and…
Reuters – Sri Lankan shares ended down for a second straight session on Tuesday, slipping further from their highest close in more than 10 weeks hit last week, with investors booking profits in telecom stocks while block deals boosted the turnover, brokers said. The Colombo stock index ended 0.36 percent weaker at 6,572.05, its lowest…
Angela R.K. Seneviratne sizzles on “Anything But … with Kumar de Silva” this week in an open and frank chat about love and life and everything in between as the show uploads at 13h on Friday 20th October 2017 on www.pulse.lk, Facebook, YouTube, and across all social media. Film star, stage and television actress, writer,…
In October 1991, SAARCLAW was established in Colombo with 175 members of the legal communities including judges, legal practitioners and academics of the SAARC countries, signing the SAARCLAW Charter, which provided for its establishment. Its preamble articulated the basis for its formation. On the same day, the first ever SAARCLAW Conference which was organized by…
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