Ceylinco Insurance PLC (Ceylinco) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE), as part of a ceremony organized to mark the company’s inclusion in the S&P SL 20 Index. The S&P SL 20 Index includes the 20 largest companies, by total market capitalization, listed on the CSE that meet minimum…
In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MOU) with the Securities and Exchange Commission of Sri Lanka (SEC) on June 19, 2018 at the Central Bank of Sri Lanka to establish a framework for sharing information…
Ruhunu Hospital a market leader in providing Healthcare for the people for the past 20 + years have embarked on their biggest investment to date by expanding a new wing which will comprise of 50 + hospital beds, 50+ channel rooms, 2 operating Theatre’s and investing in specilaised areas of Neurosurgery, Vascular Surgery, Cancer, Dialysis,…
With the intention of offering the most diverse educational experience possible, Sri Lanka Technological Campus (SLTC) has signed an Agreement on an Academic Exchange program with Thailand’s Sirindhorn International Institute of Technology (SIIT). This Agreement, signed last month, aims to facilitate cooperation between the two universities on exchange programmes that will benefit both faculty and…
The Malaysian Managing Director of Holographic Asia, Foong wan Hong is on an extensive mission to make Sri Lanka fake and forgery free. He yearns to see this country, which he has visited over thirty times during the past 12 years, (including the war torn years as well) marching towards progress in every sphere of…
Sri Lankan Rupee strengthened against the US Dollar ($) on early Monday during intraday trading but closed weaker in dull trade amidst foreign exchange flows to the tune of US $ 1.2 billion that came via Hambanthota port deal and Sri Lanka Development Bond Sales . Analysts said that further strengthening of Rupee is expected…
Whilst encouraging that country must develop a comprehensive entrepreneurship structure that encourages people, especially graduates, to embark on building their own businesses, Finance and Media Minister Mangala Samaraweera told reporters on Friday government expects ‘Enterprise Sri Lanka’ (ESL) programme will meet its medium-term targets such as per capita income of US$ 5,000, 1 million new…
Reuters – Sri Lankan shares ended weaker on Monday, staying close to a 14-month low hit last week as investors sold diversified shares in dull trade with turnover at a nine-week low. The Colombo stock index ended 0.13 percent weaker at 6,220.13, near its lowest close since April 2017, which was on Wednesday. The bourse…
Western economies largely controlled global lender – International Monetary Fund (IMF) has recommended Sri Lanka to include contingency budgeting for natural disasters in its 2019 budget and an automatic pricing mechanism for electricity, the latest assessment by the IMF executive board on the funding program for Sri Lanka point outs. “Starting in 2019, the budget…
By Nishan Fernando Corporate Reporting Bushman, Piotroski and Smith (2003) identified that the availability of information was considered to be a key determinant of the efficiency of resource allocation decisions and growth in an economy. Availability of information is linked to corporate transparency, defined as the widespread availability of firm-specific information to those…
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