The Monetary Board decided to increase the key policy interest rates of the Central Bank, namely the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 25 basis points each, to 7.25 per cent and 8.75 per cent, respectively, with effect from 24 March 2017
Reuters – Sri Lankan shares fell for a second straight session on Thursday to a more than one-year closing low as expectations of an interest rate hike continued to drag down the market ahead of the central bank’s monetary policy review. The Colombo stock index closed down 0.3 percent at 5,979.85, its lowest close since…
Prominent Sri Lankan entrepreneur and a member of the Board of Directors of Lanka Ceramics PLC and Lanka Walltiles PLC, has been appointed as the Chairman of both entities with effect from 15 March, 2017. Meanwhile, A.M. Weerasinghe has been appointed as Deputy Chairman of Lanka Ceramics PLC and Lanka Walltiles PLC and also Chairman…
The Ceylon Chamber of Commerce, Sri Lanka’s premier Business Chamber will complete 178 years of service to the nation on the 25th March, 2017, marking yet another achievement for an organization, which has played one of the most decisive roles in transforming the commercial landscape of Sri Lanka, since its inception in the 19th century….
London: Dusit Thani Sri Lanka co-hosted ‘Dusit Thani Sri Lanka Investors’ Forum London 2017” at The Grange City Hotel, London along with Real – Estate Intelligence Unit (RIU) the premier research and consultancy firm for many of the top corporations in the U.K, Sri Lanka and in many of the major cities in Asia. Mr….
Lanka Orix Leasing (LOLC) Group Chairman Rajah Nanayakkara has passed away in Singapore at the age of 77 years. Rajah M. Nanayakkara was the founder and Executive Chairman of Ishara Traders (Pvt) Ltd, which pioneered the import and sale of new and reconditioned motor vehicles and also the Founder Chairman of the Motor Vehicle Importers’…
Reuters – Sri Lankan shares fell on Wednesday to a more than one-year closing low, breaching a key psychological barrier of 6,000, as expectations of an interest rate hike continued to drag down the market ahead of the central bank’s policy review. The Colombo stock index closed down 0.7 percent at 5,996.65, its lowest close…
The recent steep rise in duty and tax imposed by the government on synthetic lubricants effective mid-November is causing alarm in the market, as lubricant suppliers are now starting to pass on the hike to the end users. The duty and taxes have been increased by 31 percent. This has forced suppliers in the local…
The Commercial Bank of Ceylon has been named Sri Lanka’s Best Bank in 2017 by USA-based Global Finance, giving the Bank its third international accolade in as many months. Just released by the authoritative and widely respected publication, the list of the 30 Best Banks in Asia Pacific has Commercial Bank in the company of…
The Ambassador of the USA to Sri Lanka, His Excellency Atul Keshap paid a courtesy call on the Governor, Central Bank of Sri Lanka, Dr Indrajit Coomaraswamy on Tuesday, 21st March 2017 in the Office of the Governor.
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