Reuters – Sri Lankan shares fell on Tuesday for a second straight session, a day after Moody’s revised down its outlook on the country’s sovereign rating and as continued foreign outflows and rising interest rates weighed on investor sentiment. Investors were also concerned over a government proposal to reintroduce capital gains tax, brokers said. Moody’s…
The Chartered Institute of Management Accountants (CIMA) and the American Institute of CPAs (AICPA), are joining forces to create a new association that would represent the breadth of the accounting profession. The new Association aims to become the most influential professional accounting body in the world, and will represent 600,000 current and next-generation professionals. It…
The Exporters Association of Sri Lanka (EASL), an affiliated trade organization of the Ceylon Chamber of Commerce welcomes the lifting of the EU ban imposed on the export of Sri Lanka fisheries products to the EU market. The latest move by the EU, which was also endorsed by The Seafood Exporters Association of Sri Lanka,…
The Monetary Policy Review of June 2016 will be announced on Friday, 24 June 2016 at 6.00 p.m.
The Sri Lanka Shippers Council, an affiliated trade body of the Ceylon Chamber of Commerce welcomes the International Chamber of Commerce Global Guide on transport and the Incoterms 2010 Rules. The Chairman of the Council Mr. Sean Van Dort says this latest guide by the ICC will help strengthen the Gazette Extraordinary 1847/53 issued by…
Moody’s Investors Service has affirmed the government of Sri Lanka’s foreign currency issuer and senior unsecured sovereign ratings at B1 and changed the outlook to negative from stable. Two key drivers underpin the change in outlook to negative from stable: 1) Our expectation of a further weakening in some of Sri Lanka’s fiscal metrics in…
Sri Lanka Telecom (SLT), the national ICT Solutions Provider in the country was proud to announce that it is the Telecommunication Service Partner for the Colombo Lotus Tower project. SLT and the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) recently signed a Memorandum of Understanding (MoU) with regards to the project amidst a gathering of…
Watawala Tea Ceylon inks exclusive partnership with Shangri La, Asia’s leading luxury hotel group, regarded as one of the world’s finest hospitality players Watawala Tea Ceylon, a Sunshine Holdings Group company, announced its partnership with Shangri-La Hotels and Resorts to launch its premium brand – ‘Zesta Connoisseur’ teas – at 90 plus luxury properties of…
Reuters – Sri Lankan shares edged down on Monday as investor sentiment took a hit on continued foreign fund outflows and rising interest rates, brokers said. Investors were also concerned over a government proposal to reintroduce capital gains tax, brokers said. Overseas funds offloaded a net 137.8 million rupees worth of equities on Monday, extending…
Potential bidders for Colombo Bandaranaike Airport’s two duty free contracts now have until 7 July to prepare their submissions after the airport company extended the deadline from 23 June. Today airport company Airport & Aviation Services (Sri Lanka) responded to concerns over the terms of the concessions and the impact of future projects on the…
Video Story
