Reuters – Sri Lankan shares edged up on Wednesday, continuing to recover from an over 10-month closing low hit earlier in the week, as investors picked up battered blue chips, but concerns over rising market interest rates weighed on sentiment. The Colombo stock index ended 0.1 percent firmer at 6,096.39. The index hit its lowest…
The Governor of the Central Bank, Dr. Indrajit Coomaraswamy stated that the Central Banks main aim would be do reach and maintain a real effective exchange rate at Rs. 100. During a press conference held at the central bank today (8), He also revealed that although the change won’t happen over time, valiant efforts are…
The Sri Lanka – Thailand Business Council visited Thailand from the 1st – 4th of February for B2B meetings and Bi-lateral talks with their Thai counterparts. The 11 Member high-powered business delegation from Sri Lanka met with members of the Federation of Thai Industries and Board of Trade of Thailand to promote investment opportunities and…
Pakistan International Airlines flight PK757 on 7th February 2017, an A330-300 aircraft wet-leased from SriLankan Airlines with a SriLankan Airlines operating crew, was en route from Lahore, Pakistan to London Heathrow, when received a request from authorities in London to divert to Stansted Airport due to unspecified information with regard to one passenger. The flight…
Reuters – Feb 8 The Sri Lankan rupee traded weaker on Wednesday due to dollar demand from banks to facilitate continuous exit of foreign investors from government securities amid importer demand for the greenback, dealers said. The central bank revised on Tuesday the spot rupee reference rate to a record low of 150.75 from 150.50…
Records indicate that 219,360 tourist have arrived in Sri Lanka during January 2017. According to the latest data released by Sri Lanka Tourism Development Authority, when compared against the 194,280 tourist arrivals during 2016, this is a growth of 12.9 per cent. The 31,802 arrivals are Chinese and when compared with the same month of…
~ Investment to reach 150Mn USD as project expands to 100Mw A multi-million dollar project for the establishment of a Solar Power Plant in Sri Lanka is underway with investment from three prestigious Japanese companies through a Japanese consortium. The companies which are Shibatasyoji Co., Ltd., SAWADACo. Ltd., and WQ Inc are renowned for…
Contributed by both food and non-food inflation, headline inflation, as measured by the year-on-year change in the Colombo Consumers’ Price Index (CCPI, 2013=100), increased to 5.5 per cent in January 2017 from 4.5 per cent in December 2016. Core inflation, based on CCPI, also accelerated to 7.0 per cent in January 2017 from 5.8 per…
The High Commissioner of India to Sri Lanka Taranjit Singh Sandhu says that the signing of the proposed free trade agreement between India and Sri Lanka would empower the ongoing development activities in the island. Taranjit Singh who was appointed the new High Commissioner of India to Sri Lanka expressed these views when he met…
Reuters – Feb 6 Sri Lankan shares fell on Monday to an over 10-month closing low, dragged down by beverage and banking stocks, as investors awaited cues from the central bank’s monetary policy review on Tuesday. The Colombo stock index ended 0.8 percent lower at 6,068.31, it’s lowest close since March 30, 2016. Margin calls…
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