Citi’s commodities research team has tempered its outlook for oil prices over the next five years, but it sees room for price shocks if oil supply disruptions increase dramatically or fall off significantly in the coming years. The bank had projected in February that U.S. crude prices would likely trade mostly in a range of…
Reuters – Sri Lankan shares fell for a fifth session on Thursday, posting their lowest close in four months, as local investor sentiment was subdued following a string of disappointing June-quarter corporate results. However, the decline was limited as foreign investors bought into equities. The Colombo stock index fell 0.14 percent, or 9.29 points, to…
The Sri Lanka – Malaysia Business Council of the Ceylon Chamber of Commerce in association with the Malaysia External Trade Development Corporation (MATRADE) is organizing a Business Meeting with a trade promotion delegation from Malaysia to Sri Lanka on 25th August 2017 at the Hilton Colombo Residences. The Delegates consist of Plywood exporters from the…
Reuters – Sri Lankan shares fell for a fourth consecutive session on Wednesday, posting their lowest close in four months, as local investor sentiment remained muted following a string of disappointing June-quarter corporate results. However, the decline was limited as foreign investors bought into equities. The Colombo stock index fell 0.36 percent, or 23.50 points,…
Janashakthi Insurance PLC (Janashakthi) registered consolidated Gross Written Premium (GWP) of Rs. 7.222 billion for the six month period ended 30th June 2017, with a Year on Year (YoY) growth of 11%. This was backed by strong growth in the Non-Life or General Insurance segment with a GWP of Rs. 5.858 billion. The Life Insurance…
Sri Lanka’s Minister of Industry and Commerce has directed a Provincial Council famed as the leading potato supplier to the country, to immediately resolve a humiliating situation faced by a set of humble potato farmers for 23 continued years after they earnestly appealed to him of their distress on 15 August. More importantly, the Minister…
DFCC Bank PLC announced the appointment of Thimal Perera as the Bank’s new Deputy CEO, with effect from 16 August 2017. Thimal Perera has more than two decades of experience in the financial services and banking sector, both locally and internationally. In his new role at DFCC Bank, Perera will support the Bank’s stratagem of…
Sri Lanka Telecom group released its group and holding company financial performance results for the 6 months ending on 30th June 2017. The group comprises of 8 subsidiaries, including the mobile arm Mobitel (Pvt) Ltd. During the 6 months ending 30th June 2017, the group reported Rs. 37.4bn in revenue with a 2% year on…
In response to the news articles circulating on Total Pay and ICTA, the Central Bank of Sri Lanka (CBSL) wishes to clarify matters to the public and provide an accurate account of events which transpired regarding the National Payment Platform (NPP), in order to deliver a holistic understanding of the prevailing situation. The CBSL requested for more information…
Reuters – Sri Lankan shares posted their worst decline in nearly five months on Tuesday, as local investor sentiment remained muted, after a string of disappointing June-quarter corporate results. However, foreign investors bought the island nation’s risky assets, with offshore buying accounting for more than 80 percent of the session’s turnover. The Colombo stock index…
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