Reuters – Sri Lankan shares rose to their highest close in three months on Thursday as foreign investors picked up blue chip stocks such as conglomerate John Keells Holdings Plc. The Colombo stock index ended 0.55 percent firmer at 6,542.90, its highest close since Nov. 10, 2017. Shares in Carson Cumberbatch Plc rose 6.9 percent,…
9MFY18 Highlights • Consolidated revenue of Rs.15.6 billion, an increase of 12.4% YoY • PAT amounted to Rs. 1.6 billion, up 23.0% YoY, due to strong Agri and Consumer Goods sector results • Healthcare revenue up 3.3% YoY to Rs. 6.0 billion • Strong growth in Consumer Goods, revenue up 27.4% YoY to Rs 3.8…
Tsegab Kebebew, Director General of Asia and Oceania Affairs of the Ministry of Foreign Affairs of Ethiopia said that Ethiopia looks forward to have greater cooperation with Sri Lanka in the political, economic, tourism and cultural fields in the near future. Kebebew was speaking at an event held at the Embassy of Sri Lanka in…
Sri Lanka’s tourism has taken off to a healthy start in 2018 with January bringing in record arrivals. According to data released by the Sri Lanka Tourism Development Authority (SLTDA) yesterday, tourist arrivals in January amounted to a record 246,972, up by 12.6% from 219,306 in the corresponding month of 2017. In 2016, arrivals in…
A new speed-detecting system will be setup on Expressways from February 14, so that speeding drivers could be fined at the exit points, Expressway Operation Maintenance and Management Division said. According to the Southern Expressway Deputy Director, R.A.D. Kahatapitiya, these steps were taken to curtail the increasing number of accidents on the expressways involving speeding…
Consul General & Trade Commissioner for New Zealand Trade & Enterprise, Ralph Hays along with a team from Mumbai paid a courtesy call on the CEO of the Chamber and the Ex-Co of SLANZBC. The visit was mainly focused on a forthcoming New Zealand trade delegation that is to visit Sri Lanka this year. Mr….
Record breaking foreign investment in the Sri Lankan stock market has continued into 2018, with Rs. 4 billion in net foreign purchases during the month of January – a new record for the first month of any given year. The month recorded Rs. 10.7 billion in foreign purchases in the market, while foreign investors made…
Reuters – Sri Lankan shares ended lower for a second straight session on Wednesday as investors sold blue-chip stocks such as John Keells Holdings Plc ahead of the local government polls over the weekend. The Colombo stock index ended 0.08 percent weaker at 6,507.25, slipping further from its highest close since Jan. 9 hit on…
British Prime Minister Theresa May has appointed Ranil Jayawardena, MP, as her trade envoy for Sri Lanka. Mr Jayawardena’s role as trade envoy will be to support and enhance the development of Britain’s trade and investment with Sri Lanka. The Prime Minister’s Trade Envoy will be visiting Sri Lanka from 15th to 17th February to…
Fitch Ratings-Hong Kong-06 February 2018: Fitch Ratings has affirmed Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B+’ with a Stable Outlook. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS The affirmation of Sri Lanka’s sovereign ratings reflects the following factors: Sri Lanka’s revised…
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