As bilateral trade jumped by 67%, Sri Lanka and Bangladesh have begun exploring the possibility of a historic Free Trade Agreement on 22 September in Colombo. And while it would be the first ever FTA for Bangladesh, for Sri Lanka, it is no less than a single entry-point for a huge regional economic corridor. “There…
Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal is preparing to respond to the questions of the public through the twitter social website. The public could tweet their questions to the Governor through twitter account #askcbsl between 10 am and 11 am Sri Lanka time on Wednesday 24 September.
Alibaba Group Holding Ltd’s (BABA.N) initial public offering now ranks as the world’s biggest in history at $25 billion, after the e-commerce giant and some of its shareholders sold additional shares. Overwhelming demand saw the IPO initially raise $21.8 billion and then send Alibaba’s stock surging 38 percent in its debut on Friday. That prompted…
The Hatton National Bank has acquired the registered premises of financially troubled PC House PLC situated at Kollupitiya in Colombo 3. Hatton National Bank PLC acquired and took over the entire premises at No. 451, Galle Road, Colombo 3 under a parate execution.
Colombo equities continued the optimistic momentum on Friday to conclude the weekly operations in a positive note. Main index gained 28.02 points or +0.39% to end at 7,234.92 and 20-script S&P SL20 index gained 29.38 points or +0.74% to end at 4,018.98. Price progression in counter such as Bukit Darah (closed at LKR 725.00, +2.7%),…
India and China have signed 12 agreements in Delhi, one of which will see China investing $20bn (£12.2bn) in India’s infrastructure over five years. At a news conference with Chinese President Xi Jinping, India’s PM Narendra Modi said “peace on the border” was important for progress. Talks came as India accused China of fresh territorial…
The Cabinet has approved a proposal by Minister of Local Government and Provincial Councils A.L.M. Athaullah to award the additional consultancy work of the Asian Development Bank funded Greater Colombo Waste Water Management Project as recommended by the Cabinet Appointed Consultancy Procurement Committee. The government has received a loan of USD 116.63 million from the…
Colombo bourse extended the gains on Thursday as both indices ended in positive territory. Benchmark All share price index gained 27.70 points (+0.39%) to close at 7,206.90 while S&P SL 20 index gained 12.79 points (+0.32%) to close at 3,989.60. The gains were mainly led by the price incline in primary blue chips such as…
There are still no possibilities for motorists to enter the Katunayake expressway using the outer circular interchange at Kottawa due to the second and third phases of the section not being completed. Though the second phase from Kaduwela to Kadawatha had begun the construction work on the third phase from Kadawatha to Kerawalapitiya had not…
China has agreed to provide the funds for the third phase of the Southern Expressway. An agreement for a Chinese loan was signed in Colombo between Sri Lanka Treasury Secretary Dr. P.B. Jayasundere and Chairman of China Import Export Bank Chairman Li Ruogu for the construction of the stretch from Mattala to Hambantota under the…
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