The Ceylon Chamber of Commerce is opening up its Business Opportunities Bulletin 2016/17, issued weekly for more subscribers. The issue, provides diverse first-hand information on various business opportunities from across the world to its subscribers. Among the information the bulletin offers are, details of overseas buyers and sellers, joint venture opportunities, technical knowhow, opportunities to…
An auction of Development Bonds valued at US dollar 225 million would be held today, 16 January 2017, announced the Public Debt Department (PDD) of the Central Bank of Sri Lanka (CBSL). These bonds with a maturity period of 01, 02, 03 years and of 02 months is scheduled to begin at 11.00 am today…
A special half day Bank Holiday has been declared on 20 January 2017. The Central Bank of Sri Lanka has confirmed this holiday. This special half day bank holiday has been declared in lieu of the Thai Pongal holiday falling on 14 Saturday. Meanwhile, trading at the stock market too would close at 12 noon…
The Manufacturing Sector PMI was 58.3 in December indicating that the manufacturing activities continued to expand in December 2016. This was mainly due to the higher pace in which New orders sub-index expanded during the month compared to November together with the positive contribution from Production sub-index. The Employment and Stock of Purchases sub-indices decelerated…
– Solar tracking system of the Plant will ensure a 20% higher yield than a fixed one – Will contribute 22,000 Mega Watt hours of green energy to the national grid – At full capacity, the 10 Mega Watt plant can light up 10,000 homes Hayleys Group PLC jointly with Windforce Pvt Ltd, in the…
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of the following Sri Lanka-based banks: – National Savings Bank (NSB) at ‘B+’; Outlook Negative – Bank of Ceylon (BOC) at ‘B+’; Outlook Negative – DFCC Bank PLC (DFCC) at ‘B+’; Outlook Negative Fitch has also affirmed the National Ratings of the following banks: –…
Governor of the Central Bank of Sri Lanka Dr. Indrajit Coomaraswamy will deliver the 21st Annual Tax Oration organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on 19th January 2017. Dr. Coomaraswamy will speak on the topic ‘Revenue Based Fiscal Consolidation towards Sustainable Growth.’ Dr. Coomaraswamy was appointed as the…
The U.S. Environmental Protection Agency on Thursday accused Fiat Chrysler Automobiles NV of illegally using hidden software that allowed significant excess diesel emissions, the result of a probe that stemmed from regulators’ investigation of rival Volkswagen AG. The EPA action affects 104,000 U.S. trucks and SUVs sold since 2014, about one-sixth the number of vehicles…
SriLankan Airlines is pleased to note that despite the closure of the runway during the daytime hours from 6th January to 6th April 2017, its services and operations at the Bandaranaike International Airport in Katunayake are proceeding seamlessly, with minimal inconvenience for both inbound and outbound tourists. The current smooth synergy between the Civil Aviation…
Reuters – Sri Lankan shares ended at their highest in over a week led by market heavyweight John Keells Holdings as speculation over the country regaining a trade concession helped boost sentiment, stockbrokers said. The market shrugged off foreign outflows in an oversold market, dealers said. The European Commission, after close of market hours, said…
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