Reuters – Sri Lankan shares ended lower on Friday, recording their first weekly decline in nine, as investors booked profits in shares of diversified companies such as John Keells Holdings Plc and Melstacorp Plc . The Colombo stock index ended 0.25 percent weaker at 6,697.86. On Tuesday the bourse hit its lowest close since May…
NEW DELHI: India and Japan will jointly set up a $250 million liquefied natural gas (LNG) import terminal in Sri Lanka, the first collaboration between the two nations to counter China’s growing influence in the Island nation. Petronet LNG Limited, India’s biggest gas importer, last year proposed to set up a 2-million-tonne (MT) liquefied natural…
Uber, the ridesharing app that is redefining urban mobility across the world, will begin a phased roll-out of a unique integration with Snapchat in Sri Lanka, starting today. With this new feature, riders will be able unlock custom Snapchat filters on their ride. From letting their friends know when they’ll arrive with the ETA filters,…
Sri Lanka promptly shot down raging claims that the government owned Lanka Sathosa chain is to be sold to a diversified conglomerate in the country. “Though we usually do not bother about such social media propaganda, since a leading company is also mentioned, I am highlighting the truth here today” stressed the Minister of Industry…
Sri Lanka will launch its ‘Private – Public Partnership ( PPP) Unit’, set up through a Cabinet decision at the upcoming ‘Sri Lanka Investment and Business Conclave 2017’, which will take place on the 30th May to 01st June 2017, in Colombo. The unit is mandated to source investment from both national and international…
Consulate General of Sri Lanka in Shanghai in collaboration with Herbilan group established Sri Lanka-China Business Council in Hangzhou, China on 18th May at Hangzhou Blossom Tao Hotel. The main objectives of Sri Lanka-China Business Council are creating a platform for Chinese businessmen and investors based in Zhejiang Province to identify the opportunities available in…
Reuters – Sri Lankan shares edged up from a one-week low on Wednesday as foreign investors bought shares in blue chips such as John Keells Holdings PLC, with turnover hitting a 5-week high. The Colombo stock index ended 0.32 percent firmer at 6,711.67, from its lowest close since May 15 hit on Tuesday. The index…
Amãna Bank has received confirmation from IB Growth Fund (Labuan) LLP, a subsidiary of the Islamic Corporation for the Development of the Private Sector (ICD), to participate in the Bank’s forthcoming rights issue. ICD is a multilateral development financial institution and is part of the Islamic Development Bank (IDB) Group, who is currently a strategic…
Responding swiftly and strongly to the statement made by the Governor of the Central Bank with regard to the apartment development industry, stalwarts of the industry have stated that it was irresponsible and damaging. “I know we are living in a post truth world, but some of the broad generalizations made by the Governor are…
Reuters – Sri Lankan shares fell for a second straight session and hit a near one-week low on Tuesday on profit-taking, while investors cautiously awaited policy direction from the country’s new finance minister. President Maithripala Sirisena switched the finance and foreign ministers in a cabinet reshuffle on Monday, in a bid to restore confidence in…
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