Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics, increased to 8.2 per cent in February 2017 from 6.5 per cent in January 2017, on year-on-year basis. Both Food and Non-food categories contributed towards the year-on-year inflation in February 2017….
Reuters – Sri Lankan shares were little changed on Tuesday in lacklustre trade, hovering near a one-year closing low hit last week, as investors stayed on the sidelines ahead of the central bank’s policy review. The Colombo stock index ended flat at 6,041.59, near its lowest close since March 16, 2016 hit on Thursday. Turnover…
Alpen Capital advised People’s Leasing & Finance PLC, a market leader in the leasing and finance industry in Sri Lanka to successfully raise a $35 million Medium Term Facility from the Middle East market. The three year US Dollar term loan facility has been funded by way of a Club Deal by the National Bank…
Sri Lanka is looking to increase international air connectivity in an effort to boost tourism, a statement said here on Tuesday. With the tourism industry recording a positive growth since 2009, officials said they now hope to have more direct flights, open skies policy, competitive landing and parking fees, incentivising low-cost airlines and smoother immigration…
The finalisation of Sri Lanka’s much awaited and ILO backed National Cooperatives Policy draft has been called for May 29. “I believe that we need to take a collaborative approach to Cooperatives National Policy” said Minister of Industry and Commerce Rishad Bathiudeen on 20 May at BMICH. Minister Bathiudeen, addressing the Cooperatives Provincial Ministers’ Summit…
Ceylon Tea being among the most recognized tea brands in the world, were amongst the most popular items for the German visitors who visited the Sri Lanka Pavilion at ITB 2017. Sri Lanka Tourism Promotion Bureau organized an exclusive Tea Promotional Boutique at the ITB with three Sri Lankan tea hostesses. Over 4,000 visitors visited…
The Invest Sri Lanka Investor Forum hosted in Sydney today by the Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission of Sri Lanka (SEC) drew over 150 participants including Institutional Investors, High-net-worth individuals, Sri Lankans living in Sydney and other individuals with a business interest in Sri Lanka. The interest in…
Reuters – Sri Lankan shares edged down on Monday, hovering near a one-year closing low hit last week, as expectations of a rate hike continued to weigh on sentiment. The Colombo stock index fell 0.1 percent to finish at 6,041.17, near its lowest close since March 16, 2016 hit on Thursday. The bourse fell 0.6…
Sri Lanka introduced new regulations with regard to the minimum gap that should have between power lines and buildings to ensure the safety of consumers and the properties . The regulations were approved by the Minister of Power and Renewable Energy on the recommendation of the Public Utilities Commission of Sri Lanka, are described in…
The Securities and Exchange Commission of Sri Lanka (SEC) releases the ‘Capital Market Strategy 2020’, a comprehensive transformative plan for Sri Lanka’s capital market, with the intention of providing strategic clarity to market participants and the general public. The significance of ensuring the capital market’s resilience has become more apparent during recent years of sustained…
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