The Singapore Prime Minister’s Office (PMO) has lodged a police report about a fake website bearing the PMO logo and announcing the death of former Prime Minister Lee Kuan Yew, says The Strait Times of Singapore. Screenshots of the website started circulating on Wednesday night, leading some foreign media outlets to carry reports of Mr…
Prime Minister Ranil Wickremesinghe has decided that a Select Committee should be appointed to probe the alleged irregularities at the Colombo Stock Exchange since 2010. Wickremesinghe has submitted a proposal to the Secretary General of Parliament requesting that such a committee be appointed, reports www.adaderana.lk Parliamentary correspondent. However, whether or not a select committee would…
National Development Bank PLC (NDB) has purchased 14,870,573 which is 8.45 per cent ordinary voting shares of Seylan Bank PLC. Accordingly, the total holding of NDB Group in Seylan Bank PLC is now 9.53 per cent of shares.
Colombo bourse edged lower on Wednesday despite the unexpected drop in T-Bill yields. Political and economic policy uncertainties are weighing on the market sentiment as investors adopt a wait-and-see approach. The main index edged down to 7,043.90 with a loss of 13.10 points (-0.19%) while S&P SL 20 index dropped by 15.48 points or 0.38%…
The Central Bank of Sri Lanka (CBSL) has decided to keep the policy interest rate that determine the interest rates of commercial banks unchanged for March as well while stating that inflation would remain low and that loans obtained by the private sector and economic activities have increased. Loans obtained by the private sector during…
Chinese Prime Minister Li Keqiang is likely to have friendly discussions with President Maithripala Sirisena who is scheduled to visit China later this month and negotiations with respect to the suspended Colombo Port City Project (CPCP) will be a high priority topic, Ada Derana learns. Chinese officials are also confident that constructions of the CPCP…
The Colombo Chief Magistrate’s Court has directed the Chairman of Lanka Hospitals Corporation PLC to provide the required information and documents as requested by the Director of the Financial Crime Investigation Division of Colombo following a complaint and investigations into alleged financial irregularities in the company. Lanka Hospitals Corporation PLC has agreed to comply with…
In a joint statement on the ‘Truck Operators’ strike at the Colombo Port, The Ceylon Chamber of Commerce together with its affiliates, the Import Section, Exporters Association of Sri Lanka and the Sri Lanka Shippers Council point out that such arbitrary and unacceptable action leading to the disruption of Port operations would not augur well…
Colombo equity market managed to divert from the bearish market sentiment after consecutive eleven sessions of losses. Market swung between gains and losses during the session to closed with mixed results on Tuesday. All shares index managed to bag 6.09 index points (0.09%) to end at 7,057.00 while 20-scrip S&P SL index declined for the…
Prime Minister Ranil Wickremesinghe told Parliament that Central Bank Governor Arjuna Mahendran is to go on leave until the Bond Issue investigations are concluded. Recently, the Central Bank of Sri Lanka announced the issue of Treasury Bonds to the value of Rs 01 billion maturing in 30 years. A particular Primary Dealer too had reportedly…
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