‘Our first hi-tech EV manufacturing plant coming in Sri Lanka’-FSRI’s Matsumura ‘We are honored-This project greatly upgrades our industry profile!’–Rishad ‘We liked Sri Lanka after HE President MS recently visited Tokyo’– Matsumura Ten Yr Japanese FDI in Sri Lanka at $ 273 Mn Opening a new chapter in Sri Lankan automotive industry, a Tokyo based…
In recent days, serious concerns have been expressed regarding the performance of the Sri Lankan economy. In this context, it is instructive to gauge the level of external support for the Sri Lankan economy from international capital markets. This would be an independent barometer of the health of the Sri Lankan economy as international capital markets are hard-nosed…
Fitch Ratings-Singapore/Colombo : The merger between Hutchison Telecommunications Lanka (Private) Ltd and Etisalat Lanka (Private) Ltd is likely to relieve some competitive pressures that have undermined Sri Lankan telecom companies’ revenue and EBITDA growth in recent years, says Fitch Ratings. However, the merger is unlikely to affect the ratings on market leaders Sri Lanka Telecom…
Reuters – Sri Lankan shares ended steady on Tuesday as a weak rupee, which is trading near all-time lows, kept risk appetite muted, stockbrokers said. Sri Lanka’s president reshuffled his cabinet on Tuesday after the defection of several ministers from his party, but it failed to boost the stock market, which had been looking for…
Perceived Economic Opportunity PEO: First Quarter 2018 (January, February & March) STATUS OF JOB PROSPECTS OR BUSINESS PERFORMANCE Analysis of the perceived economic opportunities in the months of January, February and March 2018 indicate that the expectations in terms of job prospects of people or developing the status of their business in the…
DFCC continues to aggressively pursue its role as a commercial bank by strengthening its core business, creating momentum in the industry with its constantly evolving best in class offerings and creating a culture of service amongst its people. GROUP RESULTS The DFCC Group comprises DFCC Bank PLC (DFCC), and its subsidiaries – Lanka Industrial…
Bloomberg News – Hosting what’s shaping up to be the world’s biggest initial public offering of 2018 may be a double-edged sword for Hong Kong. Chinese smartphone maker Xiaomi Corp. is preparing a share sale that will raise at least $10 billion, people familiar with the matter said. The city’s red-hot IPO market usually sees…
Reuters – Sri Lankan shares ended slightly firmer on Friday with block deals in blue chips pushing up the day’s turnover to a more than three-week high, although political uncertainty dampened investor appetite for risk assets, stockbrokers said. The market has been waiting for signs of political stability after President Maithripala Sirisena suspended parliament until…
In a major boost to Sri Lankan entrepreneur development efforts, the country’ sole and fully integrated cement giant stepped in to support one of the biggest industry-entrepreneurial development projects introduced in the country. “INSEE Cement is part of Thailand’s SIAM Group with operations in Indonesia, Thailand, Myanmar, Laos, Bangladesh, India and Sri Lanka. Together with…
In a historic move, Sri Lanka’s real estate major, Blue Mountain, has signed an agreement with China Harbour Engineering Company Ltd. (CHEC) to build Achilleion, its Seven Star Luxury Project, which will be a landmark development in the country and the South Asian region. Currently, CHEC operates in over 80 countries around the world and…
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