Colombo, Sri Lanka, December 16, 2015: Colombo Stock Exchange (CSE) announces the changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2015 annual index rebalance as follows. S&P Dow Jones Indices has announced that effective from the December 21, 2015 (after the market close of December 18, 2015),…
The Initial Public Offering (IPO) of People’s Insurance Limited has been oversubscribed on the opening day itself amidst strong individual and institutional investor interest. As per an announcement made by the Company to the Colombo Stock Exchange (CSE) within minutes of the market opening. NDB Investment Bank, Acuity Partners and People’s Bank – Investment Banking…
The Sri Lanka Tourism Development Authority (SLTDA) together with other tourism institutions under the Ministry of Tourism Development and Christian Religious Affairs will be organizing the ‘Tourism Fest with the spirit of Christmas’ from 19th to 23rd December 2015 at the Arcade, Independence Square. With the month of December being the peak month for tourist…
George Steuart Travels was recognized with a Gold award for the ‘Best Passenger Sales’ at the Annual Passenger Sales Award Ceremony that was held in Colombo recently. The 35 years old travel arm of the diversified conglomerate, George Steuart and Company, was ranked as the number one travel agent for the year 2014/15 for the…
Colombo equities bounced back to greener territory on Tuesday despite the increasing prospects of Federal Reserve rate hike. Benchmark index advanced to 6,827 mark in the opening hours but failed to maintain the optimistic momentum and closed at 6,820.77 with an increase of 17.69 index points or 0.26%. 20-scrip S&P SL index gained 13.07 index…
The Department of Census and Statistics (DCS) Sri Lanka, has released the estimated Gross Domestic Product at constant (2010) prices in Production approach and other macroeconomic indicators for the third quarter of 2015. In addition, the annual estimates of Gross Domestic Product by Expenditure approach and Income approach for the period of 2010 to 2014…
A whopping 130 winners representing 27 export sectors of Sri Lanka will be felicitated at this Wednesday’s revived Presidential Export Awards spearheaded by the country’s apex exports facilitator EDB. The crowning achievement for Sri Lanka’s exporters, the Presidential Export Awards, have been revived by EDB and is now scheduled to take place Wednesday 16 December…
Emirates NBD has announced the launch of its 60 second DirectRemit service to Sri Lanka, in partnership with Hatton National Bank. DirectRemit allows customers to remit money home instantly online and with no remittance fees. The service will enable Emirates NBD customers to perform remittances to Hatton National Bank (HNB) accounts in Sri Lanka in…
FCCISL in Collaboration with the SAARC Trade Promotion Network in Kathmandu, Nepal successfully conducted the National Level Training of Trainers module on NTBs and NTMs environment in the SAARC Region. The programme was held on 7th to 10th December, Hotel Renuka , Colomobo 03. The ToT module was supported by the Deutsche Gesellschaft für Internationale…
Fitch Ratings sees the outlook on Sri Lanka’s insurance sector as stable even though the split of composite insurers into life and nonlife companies, which became mandatory effective February 2015, may create industry uncertainty. This is based on the view that most insurers will maintain stable financial fundamentals in 2016, supported by moderate sector growth,…
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