Innovative New Zealand businesses are visiting Colombo this week to continue forging business and trade links with Sri Lanka. Seventeen New Zealand companies from a range of industries are visiting Sri Lanka as a business delegation being led by former New Zealand Deputy Prime Minister Sir Don McKinnon ONZ GCVO and Grahame Morton, High Commissioner…
Colombo equity market closed session on the psychological 7,000 mark amid the low activity as investors remained on side lines due to lack of policy directions. In the latter part of the session, benchmark index touched 6,998 mark but managed to closed at 7,000.41, down by 28.66 index points (-0.41%) while 20-scrip S&P SL index…
Deputy Minister of Foreign Affairs Dr. Harhsa De Silva, following his visit to attend the Open Government Partnership (OGP) Summit in Mexico, visited Washington DC on October 30, with a view to further promoting United States-Sri Lanka bilateral relations, in particular on economic and business matters. During his visit, he met senior officials of the…
The Embassy of Sri Lanka in Kuwait hosted a gathering of businessmen and media representatives to introduce Sri Lanka’s growing $1.6 billion tea business contributing 15 percent to the nation’s foreign exchange. Kuwait imported around 12.3 million kilograms of tea in 2014 and 16.1 million kilograms in 2013. The ‘tea talk’ was presented by Hasitha…
Colombo bourse started November with a lackluster trading session as the investor sentiment continued to remain on negative side. All share index declined by 0.18% or 12.99 index points to close the session at 7,029.07 while 20-scrip S&P SL index shed 6.21 index points (-0.16%) to end at 3,796.79. Price depreciations in high caps such…
Access Engineering PLC has received Colombo Stock Exchange approval to list its debt securities. Accordingly, Access Engineering PLC is to initially issue 30 million rated, senior, unsecured, redeemable debentures at Rs. 100 each, with an option to issue up to a further 20 million debentures in the event of an oversubscription. Subscriptions open on 12…
Equity One PLC has decided to delist its shares from the official list of the Colombo Stock Exchange (CSE) pending shareholder and regulatory approvals. The company has made arrangements with Carson Cumberbatch PLC, which is the majority shareholder with 96.23 per cent shares, for the purchase of the shareholders of Equity One who wish to…
Mr. Mark Devadason, The Global Head of Sustainability of the Standard Chartered Bank will be the key note speaker at the upcoming ‘Best Corporate Citizen Sustainability Award 2015’, which is organized by the Ceylon Chamber of Commerce, the country’s premier business Chamber. Hong Kong based Devadason will deliver his address under the title of “The…
Inflation, as measured by the change in the Colombo Consumers’ Price Index (CCPI) (2006/07=100), which is compiled by the Department of Census and Statistics, increased to 1.7 per cent in October 2015, compared to -0.3 per cent recorded in the previous month, on an yearon-year basis. This increase was mainly due to the removal of…
Moody’s Analytics, the economic research and analysis division of Moody’s Corporation, is the first major global institution to comment on the recent political controversies in India. Referring to the “ethnic tensions” in the wake of controversies over beef and other issues, Moody’s on Friday said that Prime Minister Narendra Modi must keep the BJP members…
Video Story
