The Index of Industrial Production (IIP) has increased by 2.3 percent in May 2017 compared to the same month in 2016. Among the manufacturing industries; Volume of products of ‘Fabricated Metal Product’ (21.6%),‘Furniture’ (15.4%) and ‘Basic metal products’ (14.0%) have shown remarkable increases in May, 2017 compared to that of May, 2016 while the volume…
Reuters – Sri Lankan shares posted their lowest close in nearly one week in low trading on Thursday as local investors booked profits while foreign players bought into risky assets, limiting the decline. The Colombo stock index ended 0.11 percent weaker at 6,738.42, declining for the third straight session. “Local retail profit-taking brought the market…
Reuters – The Sri Lankan rupee ended steady on Thursday as greenback sales by banks and exporters offset importer demand for dollars, dealers said. The spot rupee ended at 153.65/70 per dollar, hardly changed from Wednesday’s close of 153.65/75. “There was (importer) demand in the morning. But in the latter part of the day, we…
The Central Bank of Sri Lanka hosted the 34th SAARCFINANCE Group Meeting and SAARCFINANCE Governors’ Symposium in Colombo on 12 July 2017. The 34th SAARCFINANCE Group Meeting was attended by Governors and Finance Secretaries and other delegates from the Central Banks and Ministries of Finance in the SAARC region. Following the SAARCFINANCE Group Meeting, the…
Sri Lanka’s No.1 bank, the Bank of Ceylon has yet again reaffirmed its position among the Top 1000 Banks in the world with the country rank No.1 according to the “The Banker” U.K. Magazine July 2017 issue. Being the only bank to continuously top the list among Sri Lankan banks, BOC without any doubt can…
SriLankan Airlines is pleased announce the launch of new services from today to India’s fourth largest city Hyderabad, the capital of the state of Telangana. Accordingly, the airline will be offering a four-times-a-week service to Hyderabad, connecting the state’s capital to the world through its global route network. Hyderabad is one of three South Indian…
Singer (Sri Lanka) was recognised as one of the best places to work in Sri Lanka for the fourth consecutive year at the special awards ceremony held at Cinnamon Grand Colombo, organized by Great Place to Work Institute recently. Each year, Great Place to Work (GPTW) conducts the largest annual set of workplace culture studies…
The 20th Annual Meeting of the Asia/Pacific Group on Money Laundering will be held in Colombo during July 17-21, 2017 with the participation of about 450 local and foreign delegates from 41 member countries and several international observer organisations. This event will be graced by His Excellency the President Maithripala Sirisena as the Chief Guest….
Sri Lanka will receive USD 1,340 million worth of financial and technical assistance from the World Bank Groups for the 3-year period starting from July1, 2017 under the IDA (International Development Association) Transitional Support Facility. Previously Sri Lanka received USD 660 Million IDA support for the period from year 2014 to 2017. Sri…
Reuters – Sri Lankan stocks ended steady on Wednesday as gains in consumer staple shares were offset by industrial stocks led by John Keells Holdings Plc, while concern over a proposed tax bill weighed on overall sentiment. The Colombo stock index ended 0.03 percent weaker at 6,748.15, slipping from its highest close since Jan. 7,…
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