Colombo bourse regained lost grounds after suffering 2% loss in last three sessions. Benchmark All Share Price index advanced by 58.79 points or 0.83% to end at 7,183.25 while S&P SL 20 index advanced by 22.94 points or 0.59% to end at 3,937.08. The positive market momentum was driven by price appreciations in primary blue…
The swearing in ceremony of State and Deputy Ministers of the National Government commenced a short while ago at the Presidential Secretariat in Colombo. The new State Ministers and Deputy Ministers were sworn in before President Maithripala Sirisena. State Ministers: 1. A. H. M. Fowzie – National Integration and Reconciliation 2. Dilan Perera – Highways…
United National Party (UNP) chairman Malik Samarawickrema who entered Parliament through the National List took oaths as Minister of Development Strategy and International Trade. UNP sources revealed that huge projects in Sri Lanka would come under the purview of this Ministry and that agreements on trade affairs with foreign countries too would be through this…
Dr. Sunil Jayantha Navarathna has by now been appointed Chairman and Director General of the National Enterprise Development Authority (NEDA). He speaks about his new plans for the development of Sri Lanka’s small and medium scale enterprises:
Pan Asia Banking Corporation PLC is to issue 20 million Rated Unsecured Senior Redeemable Debentures with an option to issue up to a further 10 million Debentures at a par value of Rs. 100 in case of an over-subscription. Subscription will open on 23 September, 2015 and joint managers to the Issue are People’s Bank…
Sri Lanka’s central bank is allowing the local rupee to become more market-oriented but like Bejing, it has shied away from turning the currency into a true free float. The Central Bank of Sri Lanka (CBSL) said on Friday that it would stop quoting a reference rate for the currency, letting markets determine the rate…
IFC, a member of the World Bank Group, will provide advisory services to SANASA Development Bank as it expands to include more micro and small businesses, cooperatives, and retail clients. Importantly, the bank will now reach more rural small businesses across the country, boosting financial inclusion. IFC has been a long term advisory partner with…
Stax Inc., a global strategy consulting firm, is set to highlight and present the Sri Lankan advantage at an event tagged “Investment Opportunities in resurgent Sri Lanka” in collaboration with The Singapore Sri Lanka Business Council (SLBA), The Singapore International Chamber of Commerce (SICC) and the International Enterprise (IE). The event will take place on…
Former Sri Lankan president Chandrika Bandarnaike Kumaratunga is in India for her first visit since the surprise defeat of her successor Mahinda Rajapaksa, a man who was once a close associate and now a political enemy whose regime she was instrumental in overturning. She spoke for the first time to a group of Indian journalists…
New research by global workplace provider, Regus, has revealed that 26% of businesses are planning to hire more returning mothers in 2015 than in 2014. The global study surveyed more than 44,000 senior business people across more than 100 countries. Returning mothers play an important role in the overall economy by contributing to boosting GDP…
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