Colombo equities plunged 1.87% or 140.08 index points on Monday to close at a 3-week low of 7,331.09, suffering its worst one day fall since February 2015. The market faced severe selling as investor’s off-loaded shares on profit taking and global growth concerns. Most of Asian markets suffered today from major losses on fears of…
Malaysia’s MATRADE says it is ready to work with Sri Lanka in the areas of property development, monorail, railway infrastructure development, port operations, real estate, and also constructions of resorts This was announced by MATRADE, when they met a group of Sri Lankan businessmen at the Ceylon Chamber of Commerce. The meeting was organized by…
Taiwan says it wants to do more business with Sri Lanka, according to the President and CEO of the Taiwan External Trade Development Council Mr. Peter. W. J. Huang, who visited the Ceylon Chamber of Commerce on Monday evening. “Taiwan plays a vital role in development of SMEs, not only trade but also services and…
Fitch Ratings has today assigned Housing Development Finance Corporation Bank of Sri Lanka (HDFC Bank) a National Long-Term Rating of ‘BBB(lka)’ and a Stable Outlook. At the same time, Fitch has assigned HDFC Bank’s proposed senior debentures of up to LKR4bn an expected National Long-Term Rating of ‘BBB(lka)(EXP)’ and outstanding senior secured debentures a National…
Emirates SkyCargo, the freight division of Emirates, is set to increase its cargo capacity to Iran, when Emirates begins its five daily non-stop flights to Mashhad from1 September 2015. Mashhad will become Emirates’ second Iranian destination after the capital city Tehran, which Emirates has been serving since March 1990. Last year, Emirates carried more than…
CHC Investments (Private) Limited has purchased 310,828,346 Voting Ordinary Shares of Taprobane Holdings PLC today (24 August) at Rs. 5.50 per share. This amounts to 30.99 per cent of the issued share capital of Taprobane Holdings PLC.
President Maithripala Sirisena offered the position of High Commissioner of Sri Lanka to the United Kingdom to Sri Lanka’s cricketing legend Kumar Sangakkara a short while ago. The President made this offer while speaking at the farewell ceremony held at the end of the second test match for the cricketing legend.
In a press statement, the Chamber of Young Lankan Entrepreneurs (COYLE) extends their sincere congratulations to the Honourable Prime Minister Ranil Wickremesinghe and the new coalition government led by the United National Party. In a congratulatory message, Navein Perera, Chairman of COYLE said, “On behalf of the membership of COYLE, I extend my warmest congratulations…
The Ceylon Chamber of Commerce led ‘ Best Corporate Citizen Sustainability Award 2015’ an annual event which is being conducted to recognise the best ‘sustainability’ initiatives of the corporate sector has decided to recognise more economic ‘sectors’. Accordingly, ‘The BCCS 2015’ in addition to the already existing sectors, will also recognise the sustainability efforts carried…
Sri Lanka is moving past its history of ethnic strife and seeking to emulate Singapore, Hong Kong and Dubai as one of the region’s premier trading and financial hubs, a senior ruling party lawmaker said. “Our focus entirely is going to be on creating the most competitive economy in this part of the world,” Harsha…
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