Reuters – Sri Lanka’s benchmark index hit a more than one-month closing low on Thursday, dragged down by large cap shares, as investors largely stayed on the sidelines amid confusion over falling bond yields, stockbrokers said. The benchmark Colombo stock index ended 0.09 percent lower at 6,501.89, its lowest close since Aug. 1. Analysts said…
Fitch Ratings has assigned People’s Leasing & Finance PLC’s (PLC, AA-(lka)/Stable) proposed senior debenture issue of up to LKR8bn an expected National LongTerm Rating of ‘AA-(lka)(EXP)’. The debentures, which will have tenors of three, four and five years and carry fixed coupons, will be listed on the Colombo Stock Exchange. PLC expects to use the…
The Commercial Bank of Ceylon has announced it will keep 76 branches open for business on Monday, 12th September – a Public and Bank holiday in celebration of Id-Ul-Alha or Hadji Festival Day. The Bank said its 30 Supermarket Banking Centres and 29 ‘365-day’ branches will work their customary hours on that day, while another…
Invites Sri Lanka firms to invest in big Maldivian projects The Maldivian High Commissioner in Sri Lanka Her Excellency Mrs. Zahiya Zareer invited the Sri Lankan firms to invest in development projects in Maldives. “We are opening big projects for International bidding, such as airport development, housing, hospitals and renewable power projects’, she said during…
SriLankan Airlines launched a new state of the art 24-hour Global Contact Centre, which will further enhance levels of service for all its worldwide customers and members of its FlySmiLes frequent flyer programme. Ajith Dias, Chairman of SriLankan Airlines, said: “We have sharply enhanced our focus on the needs of our customers as an integral…
Maiden call of 19,224 teu MSC Maya scheduled for 16th September One of the largest ships afloat is expected to call on Sri Lanka for the first time, setting a new benchmark and record for the Port of Colombo, terminal operator CICT announced this week. The company said it had secured a commitment for a…
Sri Lanka’s Minister of Plantation Industries, Hon. Navin Dissanayake, will be the Chief Guest and deliver the keynote address at the 162nd Annual General Meeting (AGM) of the Planters’ Association of Ceylon on the 15th of September 2016. Having served as Deputy Minister of Plantation Industries from 2001 – 2004 and built a relationship with…
Sri Lanka’s Cabinet of Ministers has approved a proposal to conduct loan negotiations with the Asian Development Bank (ADB) to obtain a loan of US$ 250 million for the proposed Capital Market Development Programme. Announcing the Cabinet decisions today (7), the government said: “The proposal made by Ravi Karunanayake, Minister of Finance, to conduct loan…
Tourist arrivals to Sri Lanka have recorded a figure of 186,288 for the month of August 2016, the latest report of the Sri Lanka Tourism Development Authority has revealed. Compared to the corresponding month in 2015 where tourist arrivals had been 166,610, this is a growth of 11.8 per cent. Meanwhile, tourist arrivals within the…
Sri Lanka’s leading investment banking firm and the preferred partner in financial markets, Capital Alliance (CAL), is taking its digital initiatives forward and is the first company in Sri Lanka to allow customers onboard in a fully paperless manner using e-Signatures. This groundbreaking adoption of technology by CAL empowers customers to open an account by…
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