An agreement to provide a credit line of USD 318 million for the development of the railway sector was signed between the Ministry of Finance of Sri Lanka and the EXIM Bank of India. The Loan Agreement was signed by Dr. R H S. Samaratunga, Secretary, Ministry of Finance and Mass Media and David Rasquinha,…
Reuters – Sri Lankan shares fell to a one-week closing low on Tuesday on profit-booking in blue-chip shares such as John Keells Holdings Plc while investors assessed the impact of the recent floods on exchange rate and inflation. Analysts said it was also too early to evaluate the real impact of the floods and landslides…
The Monetary Board, with the concurrence of the Hon. Minister of Finance, has promoted Assistant Governor, Mr. K D Ranasinghe to the post of Deputy Governor of the Central Bank of Sri Lanka (CBSL) with effect from 30th April 2017. Mr. K D Ranasinghe Mr. K D Ranasinghe has nearly 31 years of experience…
The Saudi Fund for Development is looking to provide credit facilities for Sri Lankan firms to import raw materials from Saudi Arabia. Accordingly, Lankan Importers importing fertilizer, plastic raw materials, cables and electrical wires from Saudi Arabia will be eligible to obtain credit, which would be given under the ‘Foreign Buyer Credit Assistance’ by…
The Colombo Stock Exchange (CSE) announces the inclusion of non-voting shares which are listed and traded on the exchange in its Index Market Capitalization (IMC) calculation. Including non-voting shares in the calculation of indices is seen as a common practice internationally, and is carried out by a number of leading exchanges and index providers globally….
COLOMBO — Some Sri Lankan banks stopped buying Qatar Riyal on Tuesday, saying their counterpart banks in Singapore advised them not to accept the currency a day after the Arab world’s biggest powers cut ties with Qatar. Saudi Arabia, Egypt, the United Arab Emirates and Bahrain on Monday severed diplomatic relations with Qatar in a…
Dr. Parakrama Dissanayake appointed as the new Chairman of the Sri Lanka Port Authority (SLPA) assumed duties recently. The appointment was given by the Minister of Port and Shipping Mahinda Samarasinghe. Mr. Dissanayake was the Chairman of SLPA during 2001-2004 and also Chairman of Jaya Container Terminal Company. He was also the Chairman of Port…
The Ministry of Strategy and Finance of Korea approved USD 200 million for Kandy tunnel construction project. The project comprises of 4 tunnels with a total length of 5.5km from Suduhumpola to Tennekumbura via Bogambara and Ampitiya which will be the longest tunnel in Sri Lanka. Korea Exim Bank will finance this project with…
Expressing its solidarity with all fellow Sri Lankans affected by the recent adverse weather conditions, Janashakthi General Insurance Limited announced that Janashakthi Full Option will be carrying out a free breakdown assistance service across areas affected by the floods. As a result, all vehicle owners can now access this service, irrespective of their Insurance…
The Central Bank of Sri Lanka categorically denies reports by various media institutions stating that “the Central Bank has informed banks not to accept Qatari Riyals”.
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