The Colombo Stock Exchange (CSE) seeks to obtain the views/observations of the general public and the stakeholders of the CSE, including Listed Companies, regarding the proposed amendments to certain Listing Rules of the CSE. The amendments have been proposed with a view to facilitate the implementation of an appropriate enforcement mechanism with the continuous listing…
Anantara Peace Haven Tangalle Resort has been recognised in Condé Nast Traveler US’s prestigious 2017 Hot List as one of the best new hotels in the world, as well as one of the hottest new openings in Sri Lanka. This is the fourth significant international award the resort has won since opening. The property has…
Reuters – Sri Lankan shares fell on Monday from a five-month closing high to snap an 11-session winning streak as investors took profits in blue chips that had gained in a rally driven by foreign-buying. The Colombo stock index ended down 0.8 percent at 6,351.26, slipping from its highest close since Nov. 15 hit in…
In a new breakthrough for Sri Lankan exports sector, one of the fastest growing free ports in the world, and one of the biggest free-ports in the powerful Gulf Cooperation Council has opened its doors to Sri Lanka with unparalleled incentives of entry hitherto not offered by other free ports in the world-and historic Ceylon…
Rreuters – Sri Lankan shares extended gains for an eleventh straight session, posting their biggest single-day gain in more than two years, as foreign investors aggressively bought blue chip stocks. The Colombo stock index ended 1.55 percent firmer at 6,402.99, its highest close since Nov. 15, 2016. The index recorded its biggest percentage gain since…
SriLankan Airlines is strengthening its presence in the Japanese travel market through the expansion of its codeshare agreement with oneworld alliance partner Japan Airlines (JAL), to introduce six new routes and together provide passengers with seamless connectivity on an extraordinary choice of 84 flights a week between Japan and South Asia and beyond. The…
Reuters – Sri Lankan shares rose for the tenth straight session on Tuesday to close at their highest in nearly four months, helped by positive sentiment over continued foreign buying in blue chip stocks. The market has seen fund inflows for 15 straight sessions through Tuesday, with foreign investors buying net 4.9 billion worth of…
The European Union (EU) will step up its assistance to Sri Lanka, by providing Euro 42 million (approximately LKR 6.93 billion) for the implementation of two programmes: Support to the Modernisation of the Agricultural Sector in Sri Lanka (EUR 30 million) and Strengthening Reconciliation Processes in Sri Lanka (EUR 12 million). Secretary to the Ministry…
Reuters – The role of trade as a driver of global growth is threatened by a slowdown in trade reform since the early 2000s and an uptick in protectionism after the financial crisis, the International Monetary Fund, World Trade Organization and World Bank said on Monday. Unveiling a joint report in Berlin entitled ‘Making Trade…
Fitch Ratings-Singapore/Colombo-10 April 2017: Fitch Ratings has affirmed Sri Lanka-based telecom company Dialog Axiata PLC’s National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS Market-Leading Position: Dialog’s standalone credit profile of ‘AAA(lka)’ is underpinned by its market leadership in the expanding mobile and pay-TV segments. We believe Dialog is in a position…
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