Reuters – Sri Lankan shares ended slightly higher on Wednesday as investors sought bargains in blue-chips but concerns over recent budget tax proposals weighed on sentiment. The Colombo stock index ended up 0.15 percent at 6,241.10, ending three sessions of losses. The index hit a near-eight-month low on Tuesday on concerns that the proposed hike…
Public Utilities Commission of Sri Lanka (PUCSL) has decided to remove the legal barriers for consumers who wish to enter into the electricity generation based on solar power. Therefore, it has been proposed to exempt the electricity consumers, who generate electricity in small scale through rooftop solar power plants, from obtaining a license to sell…
The Governor of the Central Bank of Sri Lanka, Dr. Indrajit Coomaraswamy addressed at a recent Breakfast Forum organized by the Chartered Institute of Marketing (CIM) Sri Lanka. The event, which was the third programme for the year, was held at the Liberty Ballroom, Ramada Colombo with the participation of top business leaders, CEOs, CIM…
Reuters – Sri Lankan shares fell on Tuesday for the third straight session to end at a near eight-month low as foreign investors trimmed their exposure to the island nation’s risky assets amid concerns over budget tax proposals. The Colombo stock index ended 0.11 percent down at 6,231.87, its lowest close since April 7. The…
The Colombo Stock Exchange (CSE) conducted a successful planned live disaster recovery testing exercise at 11:30 a.m. and recovered successfully at the Disaster Recovery site at 12:30 p.m. on 25th November 2016, where all trading activities and Central Depository Services (CDS) operations were switched over to the remote site during trading hours within the Recovery…
The Microfinance Act, No. 6 of 2016 was enacted with the objective of providing a regulatory framework to cover microfinance institutions that are not regulated at present. The purpose of the Act is to improve the delivery of financial services to low income persons and micro enterprises, increase financial inclusion, strengthen the soundness and systems…
As envisaged, the growth of credit extended to the private sector by commercial banks decelerated considerably during September 2016, in response to monetary policy measures adopted by the Central Bank since end 2015. Accordingly, the year-on-year growth of private sector credit by commercial banks was recorded at 25.6 per cent in the month of September…
Reuters – Sri Lankan shares fell on Monday to a near eight-month low, ahead of central bank policy rate announcement as investors kept to the sidelines amid concerns over budget tax proposals including revisions in corporate and withholding taxes. Analysts said investors were awaiting the central bank’s decision on interest rates on Tuesday. They expect…
The Colombo Stock Exchange (CSE) has once again extended its support for the prestigious Annual Report Awards Competition organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). CSE will power the 52nd Annual Report Awards competition as a Strategic Partner. This is the third year in a row that CSE has…
The Commercial Bank of Ceylon PLC has been ranked second in Business Today’s ‘Top 30’ public listed companies in Sri Lanka in 2015-16 for the fourth consecutive year. This is also the ninth year that Sri Lanka’s benchmark private sector bank has been ranked among the top fivelisted companies in the country on the basis…
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