Reuters – Sri Lankan stocks rose on Monday to reach an 18-month closing high led by telecom and diversified shares, but volume was thin as foreign trading low. Domestic investors, however, cautiously acquired shares amid concern over a proposed tax bill. The day’s turnover was 427.9 million rupees, less than half of this year’s daily…
Sri Lanka’s biggest heavy vehicle supplier brand has finally completed its expansion efforts and stamped its countrywide presence on 9 July. “Ashok Leyland is the fourth largest manufacturer of buses in the world” said Minister of Industry and Commerce Rishad Bathiudeen in Sammanthurai. Minister Bathiudeen, joined by Chairman of LAL Dr Shiraz Mira Sahib and…
The Sri Lanka Economic Summit 2017 organized by the Ceylon Chamber of Commerce will conduct a dedicated thematic session to discuss how Sri Lanka can transform its economy through the adoption of technology. The session titled ‘Transforming the Economy through Technology,’ will line up the likes of Prof. Rohan Samarjiva, founding Chair of LIRNEasia, Mr….
Having identified the need for developing the infrastructure such as rural roads, medium and small size irrigation and rural and urban water supply, the Government of Sri Lanka has decided to implement Rural Infrastructure Development Project in Emerging Regions and Kalu Ganga Water Supply Expansion Project (I). As a result of bilateral discussions, the Government…
Maliban: The Official Biscuit partner for the “Global Ceylon Tea Party” The Most Loved biscuit manufacturer with a heritage of over 65 years join hands with The Ceylon Tea Board in celebrating 150 year anniversary worldwide. Adding to this prestigious occasion, Maliban has produced an exclusive signature biscuit range in two flavors; Earl’s Grey…
Ministry of Health, Nutrition and Indigenous Medicine will sign 33 MoUs with 23 drug manufacturing companies to locally manufacture drugs for the State Pharmaceuticals Corporation of Sri Lanka. The MoUs are scheduled to be signed on 11th July in Colombo. The new factories will be set up in Horana, Kalutara, Koggala and Kandy generating nearly…
Singapore-based broadband services provider MyRepublic is gearing up for an initial public offering by the end of 2018 to fund expansion in Asia, its chief executive said on Thursday. The company has also begun moves to raise S$100 million ($72 million) from private-equity players and existing strategic investors in the next 60 to 90 days….
Reuters – Sri Lankan stocks on Thursday edged up from a near one-week closing low hit in the previous session, buoyed by industrial and telecom shares while offshore investors continued to be net buyers. Local investors, however, cautiously acquired shares amid concerns over a proposed tax bill weighed on overall investor sentiment. The Colombo stock…
The Monetary Board of the Central Bank of Sri Lanka on 06th July 2017, acting in terms of the Regulations made under the Registered Stocks and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to suspend Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer for a…
IFC, a member of the World Bank Group, has invested INR 6.67 billion ($103 million) in L&T Infrastructure Finance Company Ltd. by subscribing to the first official Green Bonds in India. This is in line with IFC’s strategy to support renewable energy infrastructure in the country and also develop the capital markets. L&T Infrastructure Finance…
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