During the first seven months of 2016, the overall BOP is estimated to have recorded a surplus of US dollars 356.0 million, compared to a deficit of US dollars 1,229.6 million recorded during the corresponding period of 2015.
Foreign investments at the CSE recorded a net inflow of US dollars 10.1 million in July 2016. However, the cumulative foreign investments in the CSE up to end July 2016 recorded a net outflow of US dollars 30.8 million, including net outflows to the secondary market amounting to US dollars 32.2 million and inflows to…
The Minister of Finance Honorable Ravi Karunanayake met with the committee members of the Ceylon Chamber of Commerce recently to obtain their views on the upcoming Budget presentation. The discussion was chaired by Mr. Samantha Ranatunga, Chairman of the Ceylon Chamber of Commerce. During discussions, each committee member was given an opportunity to express their…
Mr. Isuru Samarasinghe was re-elected as the President of the Sri Lanka – Russia Business Council (SLRBC) of the Ceylon Chamber of Commerce for the 3rd consecutive year at the 13th Annual General Meeting held recently at the Russian Cultural Centre. Mr. Priyantha Hapuarachchi and Mr. Buddhapriya Ramanayake were elected as Vice Presidents of the…
Sri Lankan shares closed down for a sixth straight session on Monday with turnover slumping to a six-week low as cautious investors awaited a flurry of corporate results and next month’s national budget. The benchmark index of the Colombo Stock Exchange ended 0.46 percent weaker at 6,452.69, its lowest close since Sept. 21. It shed…
The Commercial Bank of Ceylon’s second issue of debentures for 2016 opens on Monday, 24th October. The Bank is seeking to raise Rs 5 billion with an option to increase it by a further Rs 2 billion to strengthen its Tier II capital and to raise long term funds for expansion. The Listed, Rated, Unsecured,…
Total government debts have recorded a sum of Rs. 9,062.2 by the second quarter of 2016. While Rs. 5,391.1 billion from among this has been local borrowings, Rs. 3,671.1 billion has been foreign borrowings. Total loans to be repaid by the government by end 2015 had been Rs. 8,503.2 billion, this amount had increased by…
The Central Bank of Sri Lanka has revealed that 1,253,876 credit cards have been active in Sri Lanka by end August 2016. This is an increase of 27,056 when compared against the previous month’s record of 1,226,826. While the number of domestic dealing credit cards had dropped from 36,177 to 35,880 those used to make…
Kuwaiti Ambassador in Sri Lanka, His Excellency Khalaf Bu Dhhair says his country is willing to help Sri Lanka’s development plans with required investments. The envoy conveyed this when he made a courtesy call to the Ceylon Chamber of Commerce on Thursday, the 13th October, 2016 and held talks with Chairman, Mr. Samantha Ranatunga. “Kuwait…
The 36th Annual General Meeting of the Sri Lanka Association of Inbound Tour Operators (SLAITO) was held on 30th September 2016 at Anantaya Resort and Spa. During the AGM, Mr. Devindre Senaratne of Journescapes was reelected as the President of the Association, whilst Mr. Harith Perera of Diethelm, Mr. Nalin Jayasundera and Ms. Gayangi Wirasinha…
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