The Colombo Stock Exchange (CSE) announces the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2017 mid-year index rebalance. A revision of the S&P SL 20 methodology in March 2017 established the practice of a semiannual rebalance of the index (previously conducted annually), which is…
Comprehensive insights indicate increasing role of Realty in the Sri Lankan growth story Key Findings: Sri Lanka debut ranking of 69 on JLL’s Global Real Estate Transparency Index Colombo office market comprises nearly 1 million square feet of Grade A stock at 95% occupancy Increased demand for residential property from wealthy and middle classes. Growing…
By laying the foundation for one of the biggest and most modern battery factories, Daimler AG is setting new standards in the international automotive industry, thereby taking the next strategic step in its electric offensive. At the wholly-owned subsidiary ACCUMOTIVE in Kamenz, the second factory for lithium-ion batteries is built with an investment of around…
New services to Hyderabad, Visakhapatnam and Coimbatore SriLankan Airlines will further strengthen its position as the largest foreign carrier into India with the launch of services to three more cities – Hyderabad, Visakhapatnam and Coimbatore – in July 2017, increasing to 14 the number of cities in the vast Indian market. Accordingly services to…
150 years ago, the pioneers of Ceylon Tea, cultivated the land, built the infrastructure and laid out the foundation for an industry to be nurtured and grown. Today, producing 350 million kilograms annually and employing over two percent of the population of Sri Lanka, Ceylon Tea has become one of the top five export earners…
The Retail Leadership Excellence Program that drew to a successful finish on 24th May 2017 was the very first retail learning workshop that was organized by SLRA. This workshop saw more than 40 executive and middle level employees learning of managing retail business effectively, developing leadership skills, effective communication, operational excellence, customer care skills development…
Reuters – Sri Lankan shares on Tuesday hit their lowest close in more than five weeks due to profit-booking in blue chips, although foreign investors actively bought into the island nation’s risky assets. Foreign investors were net buyers of 389.9 million rupees worth of shares, extending the year-to-date net foreign inflow to 20.7 billion rupees….
UNICEF to spend over USD 50 million on kids in Sri Lanka in the next four years. UNICEF headquarters in NY deputy minister of National Policy and Economic Affairs, Dr. Harsha de Silva discussed with the South Asian and Sri Lankan team led by Tim Sutton and agreed on the proposed 2018-2022 program for Sri…
The Board of Investment of Sri Lanka (BOI) in collaboration with the Ministry of Strategic Development and International Trade, Kandy District Secretariat, and the Export Development Board organized the third Job Fair at St Sylvester College, Kandy recently. The previous Job fairs were held at Kurunegala and Avissawella. A total number 40 BOI…
IFC, a member of the World Bank Group, and Sri Lanka’s Commercial Bank of Ceylon PLC entered into an Interest-Rate Swap Arrangement for a notional amount of $15 million. The swap facility allows Commercial Bank to actively manage interest-rate risk related to its assets and liabilities. It also enables the bank to better serve customers…
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