Reuters – Sri Lankan shares hit a near one-week closing low in tepid trade on Monday, as selling in diversified and banking shares offset foreign inflow into equities. The Colombo stock index ended down 0.52 percent at 6,684.02, its weakest since June 14. Foreign investors net bought 26.7 million rupees ($174,396) worth of shares, extending…
Government’s plan is to make Sri Lanka an export driven economic and financial hub of the Indian Ocean, Minister of Finance and Media Mangala Samaraweera said. He made these remarks participating at the Board of Governors meeting of the Asian Infrastructure Investment Bank which was held in Jeju Island in Republic of Korea from the…
Jeddah based IDB Group along with IB Growth Fund of ICD, to up their stake to 29.99% Amãna Bank has received an in principle approval from the Colombo Stock Exchange (CSE), for listing of additional shares to be issued through its proposed Rights Issue. Upon securing shareholder approval…
The attention of the Central Bank of Sri Lanka (CBSL) has been drawn to misinterpretation of the facts contained in the newspaper advertisements published by the CBSL in implementation of its Clean Note Policy. The Clean Note Policy has been introduced by the CBSL aiming at maintaining the quality standards of the currency notes and…
The upcoming ‘’Sri Lanka Economic Summit 2017’’ organized by the Ceylon Chamber of Commerce will conduct a dedicated thematic session to discuss, how important it is for the Lankan manufacturing sector to become competitive to attract global markets. The session titled, ‘Realizing New Competitiveness in Sri Lankan Manufacturing’, will line up some of the finest…
Fairway Waste Management (Pvt) Ltd and the Waste Management Authority of the Western Provincial Council recently signed a Concession Agreement to form a Public-Private Partnership that would create a sustainable model for Municipal Solid Waste (MSW) processing at Karadiyana in the Western Province. A subsidiary of Sri Lanka’s leading conglomerate – Fairway Holdings (Pvt) Ltd,…
The manufacturing tax eligible to be paid based on the price, insurance and vehicle tax during the purchase of an imported or locally assembled vehicle by a state employee, through a permit issued under the Trade and Investments Policy circular No. 01/2016 or according to any amendments to this circular, has been reduced. Accordingly, under…
Reuters – Oil prices dipped on Monday, weighed down by a continuing expansion in U.S. drilling that has helped to maintain high global supplies despite an OPEC-led initiative to cut production to tighten the market. Signs of faltering demand have also prompted weakening sentiment, dropping prices to levels comparable to when the output cuts were…
Qatar Ambassador Rashid Shafea Al-Marri met Foreign Minister Ravi Karunanayaka recently to discuss matters related to the existing excellent bilateral relations between the state of Qatar and Sri Lanka.
The economic growth rate for the first quarter of 2017 has been estimated as 3.8 percent, Department of Census and Statistics (DCS) said. The Gross Domestic Product (GDP) at constant (2010) prices for the first quarter of 2017 recorded as Rs. 2,161,770 million, and GDP reported for first quarter of 2016 was Rs. 2,082,544 million….
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