The Sri Lankan rupee closed marginally weaker on Monday as importer dollar demand surpassed inward remittances and selling of the U.S. currency by exporters and a bank, dealers said. The spot rupee, which was traded at 153.20/30 per dollar during the day, ended at 153.30/35 per dollar, compared with Friday’s close of 153.22/28. “There was…
The largest and most active segment of the global crafts entity, the World Crafts Council, has heaped praise on the Lankan crafts sector saying that it is proud to have an influential member like Sri Lanka’s National Crafts Council with it. Meanwhile, Sri Lanka’s latest arts and crafts event Shilpa Abhimani has netted sales exceeding…
Agile, versatile, electrifying. Prestige Automobile recently launched the new MINI Countryman Plug-in Hybrid, the most spacious and versatile model of the premium brand and a pioneer of efficient and sustainable mobility. The first-ever MINI Plug-in Hybrid model offers not only sporty agility on the road and beyond the asphalt, but also the possibility of purely…
AFP – Sri Lankan police have arrested two men for allegedly helping international criminals who hacked into computers at a Taiwan bank and stole millions of dollars, an official said Sunday. The pair were arrested after they tried to withdraw large sums of money that had been wired to their accounts with a Sri Lankan…
Reuters – Sri Lankan shares rose for a sixth straight session on Friday and closed at their highest in nine weeks as blue chips gained. The Colombo stock index ended 0.34 percent higher at 6,529.05, its highest close since Aug. 4. The bourse rose 1.4 percent for the week, recording its fourth straight weekly gain….
Sampath Bank PLC, a pioneer in introducing revolutionary financial solutions with a strong footing in the Sri Lankan market, announced that it had successfully concluded a loan transaction with Yangon based hotel developer Family Business Group Hotel Limited (FBGHL), Myanmar. This loan marks yet another giant stride in the steady rise of the Bank’s off-shore…
Business magnate Dhammika Perera says that Sri Lanka will be unable to achieve its target of four million tourist arrivals, without proper connectivity. The Co-Chairman of Hayleys PLC made this observation while responding to a question during a panel discussion at the Tourism Leaders’ Summit and International Research Symposium held October 04 at the BMICH…
In todays’ digital world, the public perform a variety of tasks using their smart phones, tablets, and computers. Digital commerce is becoming more and more engaging globally, as it provides the convenience to services delivery. Traditionally a person would need to go to the location where the service is to be provided or obtained. In…
The perilous state of the nation sends the sentiment index into a tailspin The new Inland Revenue Bill was passed in parliament in early September with a view to streamline the system of taxation, broaden the tax base and grow government revenue as outlined by the International Monetary Fund (IMF) when it approved a three…
LONDON, Oct 5 (Reuters) – Yield premiums on dollar bonds from smaller and riskier emerging markets over larger developing markets have shrunk to the tightest levels in a decade, said JPMorgan, which runs the most widely used emerging debt indexes. Emerging markets are among this year’s best performing assets due to hefty inflows from investors…
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