The strengthening US dollar since mid-April has led to sharp currency depreciation and significant declines in foreign exchange reserves in a number of emerging and frontier market countries, increasing credit risks for those with large external funding needs, Moody’s Investors Service said in a report today. The report looks at the external exposure of 40…
Reuters – Sri Lankan shares declined for a fourth straight session on Thursday and posted their lowest close in nearly 15 months, as foreign investors continued to offload the island nation’s risky assets, while month-end settlements also weighed on the bourse. The Colombo stock index ended 0.11 percent weaker at 6,181.48, its lowest close since…
Green Space Consultancies (GSC) launched an Agri-Economic research report today on the topic “Understanding Farmer Perspectives on Proposed Tobacco Growing Ban and Opportunity to Diversify.” The report was the culmination of a study conducted with the objective of understanding how tobacco farmers in the country perceive the proposed 2020 tobacco cultivation ban, its impact on…
Amãna Bank announced an interim dividend of 7 cents per share for the Financial Year 2018. The dividend will be paid on 16 July 2018. The Banks inaugural dividend declaration works out to a dividend yield of around 2% at current market prices, which is relatively comparable to the overall market dividend yield. The Bank…
Governor of the Central Bank of Sri Lanka Dr. Indrajit Coomaraswamy today (28) issues a statement in response to certain comments made by former Finance Minister Ravi Karunanayake. The statement says that in recent days, the former Finance Minister has repeated his allegations against Dr. Nandalal Weerasinghe, Senior Deputy Governor of the Central Bank of Sri Lanka…
CBSL Says the Department of Census and Statistics Compiles the Gross Domestic Product The sole responsibility of compiling Gross Domestic Product (GDP) estimates is vested with the Department of Census and Statistics (DCS) since 2007. However, the Central Bank of Sri Lanka (CBSL) has observed media statements by interested parties, in relation to the involvement…
Ireland based content provider Inflight Dublin Pvt. Ltd. had received the Cabinet nod to supply magazines and leaflets regarding facilities which could be utilised for the entertainment of passengers using SriLankan Airlines for a sum of US $ 5.92 million and for a period of three years, recent Cabinet decisions outlined. Accordingly, in accordance with…
The Cabinet of ministers had recently approved a proposal presented by Acting Transport and Civil Aviation Minister Ashoka Abeysinghe, to award the procurement of construction and maintenance of a hotel in a land owned by Airport and Aviation Services (Sri Lanka) Ltd., to Thilanka Hotel Pvt. Ltd. and Striders Corporation as recommended by the Cabinet-appointed…
The Sri Lanka – Malaysia Business Council is organizing a presentation and panel discussion with industry experts on blockchain technology for its membership and other interested parties. The event will take place on 05th July 2018 at 4.30 pm, Galadari Hotel, Colombo. The presentation will be conducted by Mr. Stephen Chia (an Industry Expert based…
Reuters – Sri Lankan shares fell for a third straight session on Tuesday and posted their lowest close in nearly 15 months as margin calls triggered selling and as foreign investors continued to offload the island nation’s risky assets. The Colombo stock index ended 0.52 percent weaker at 6,188.05, its lowest close since 4 April…
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