Four new high performance tyres with sophisticated features and attention grabbing good looks have been launched in Sri Lanka by Asian Tyres (Pvt) Ltd., the new motorcycle tyre plant commissioned recently by CEAT Kelani Holdings. Branded Gripp, the four tyre sizes fit nearly 30 models of motorcycles from popular brands on Sri Lanka’s roads, significantly…
The Commercial Bank of Ceylon opened its representative office in Yangon on Monday, 8th June, formally launching its operations in Myanmar, initially to offer Advisory Services to Sri Lankan and Bangladeshi businesses wishing to enter that country, and to arrange Banking and Advisory facilities, funds transfer and encashment services. Commercial Bankis the first Sri Lankan…
Colombo bourse closed with negative returns for the second consecutive session amid the political uncertainties. Main index swung between gains and losses where index crossed 7,090 mark in the opening hours but failed to maintain the optimistic momentum. All Share index shed 11.55 index points (-0.16%) to end at LKR 7,067.11 while 20-scrip S&P SL20…
Emirates, a global connector of people and places, and SNCF, France’s national railway company, have announced a new codeshare partnership which will allow Emirates passengers from around the world to travel to 19 new destinations in France. With just one easy-to-book ticket, travellers will be able to fly on Emirates and reach some of France’s…
Colombo equities swung between gains and losses in another choppy session on Monday and ended on negative note amid price declines in high cap counters. The market moved to the green territory in the morning, recording a gain of 12.51 index points but lost the momentum in the evening session. All share price index shed…
The Colombo Stock Exchange has approved in principle the listing of the debt securities of the National Development Bank PLC. An initial issue of 75 million Rated, Unsecured, Subordinated and Redeemable Debentures with an option to issue up to a further 25 million debentures in the event of an oversubscription is to be offered by…
The newly arrived Pakistani High Commissioner in Sri Lanka, Maj Gen (R)Syed Shakeel Hussain stressed the importance of Sri Lanka and Pakistan working together towards resolving impending trade issues between the two nations, immediately. The High Commissioner stressed this point, while expressing his deep concern over the slide in trade between Sri Lanka and Pakistan…
Sri Lanka’s tea prices have gone down consecutively for the fifth month during the auctions in May this year while significant in this downward trend are the prices of low grown tea when compared to the previous year. When compared to the Colombo auctions in May 2014, a kilo of tea at the Colombo auctions…
Sri Lanka’s local borrowing through government bonds has surged, surpassing the total figure for all of last year, data showed on Friday, as the new government struggles to pass crucial tax bills announced in January to finance some populist measures. The government has borrowed 378.3 billion rupees ($2.28 billion) through treasury bills and bonds so…
Crude oil prices were volatile after ministers from the Opec cartel decided to hold production levels at 30 million barrels per day. Brent crude traded in a narrow range around $62 a barrel, before ending the day up 1.8% at $63.15. West Texas Intermediate, or light sweet crude, was similarly indecisive, falling before recovering to…
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