The Sri Lankan rupee rose on Tuesday on dollar sales by a private bank amid mild demand for the greenback from importers, dealers said. The rupee were trading at 140.95/141.05 per dollar at 0526 GMT, compared with Monday’s close of 141.24/28. Dealers said the two state banks, through which the central bank directs the market,…
Finance Minister Ravi Karunanayake has reportedly requested Sri Lankan businessmen in Japan not to send Japanese vehicles to Sri Lanka till the next budget is presented. This request had been reportedly made by the Finance Minister who has joined Prime Minister Ranil Wickremesinghe on his official tour to Japan, during a discussion he had with…
Remember the ever-rising electricity bills from your air-conditioner? Or the freezing coldness in December in your home in the hill country? A simple solution for the countless problems of this nature exists today in the form of ‘double glazing’, a novel concept that can transform all windows and glass surfaces in your homes and workplaces….
Colombo bourse started the weekly operations with negative returns on Monday as ASI declined by 16.48 index points or 0.23% to end at 7,089.06 while S&P SL 20 index declined by 10.52 points (-0.27%) to end at 3,830.23. Price depreciation in counters such as Sri Lanka Telecom (closed at LKR 49.10, -0.2%), Ceylon Tobacco (closed…
The Group Managing Director of Watawala Plantations Mr. VishGovindasamywas reelected as the President of the Ceylon Chamber led Indo Lanka Chamber of Commerce and Industry ( ILCCI) at its 7th Annual General Meeting held last Friday in Colombo. In the meantime, Mr. Romesh David, The President – Transportation Group of John Keells Holdings PLC and…
In an issues of shares through a ‘share-swap’ Renuka Foods PLC has acquired the issued voting shares in Shaw Wallace (Ceylon) Limited held by CJ Patel & Company Limited, Fiji and Eagle View Management Limited, Hong Kong.
Laugfs Maritime Services (Private) Limited, a wholly owned subsidiary and maritime arm of Laugfs Gas PLC has purchased its second Liquefied Petroleum Gas (LPG) carrier vessel the ‘Gas Dorado’ on 02 October 2015 with a total investment of USD 6.0 million. This LPG carrier vessel is to be re-christened the ‘Gas Success’ under the Sri…
Sampath Bank PLC is to issue 50million Debentures with an option to issue another 20 million in the event of oversubscription on a par value of Rs. 100 each. This is subject to the necessary approval and Sampath Bank hopes to have these Debentures listed at the Colombo Stock Exchange.
Led by a resilient India, South Asia is expected to maintain its lead as the fastest-growing region in the world, with economic growth forecasted to accelerate from 7 percent in 2015 to 7.4 percent in 2016, a World Bank report said. According to the twice-a-year South Asia Economic Focus, this positive performance hinges on solid…
SriLankan Airlines (www.srilankan.com) achieved the airline industry benchmark of on-time performance on 85.26% of its flights in August 2015, the result of a sustained effort throughout 2015 to improve punctuality. SriLankan’s performance in August was ranked 16th out of 50 international airlines rated by the global flight data service Flightstats (www.flightstats.com). It placed SriLankan ahead…
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