A slump in Chinese shares has prompted stock markets across Asia, Europe and the US to fall sharply. Why is this so significant? ________________________________________ What’s behind the fall in China? The wider story is that China’s economic growth is slowing and there are concerns that the transition to a slower and more sustainable rate of…
Emirates, a global connector of people, places and economies, has announced a second daily A380 service to Frankfurt, adding 1,155 seats a week on the route, with 280 in First Class and Business Class. Commencing 1st January 2016, Emirates flights EK47/48, currently operated by a Boeing 777-300ER, will be up-gauged to an A380. The first…
Colombo bourse extended the bearish momentum for the second consecutive session with severe losses amid notable sell offs in blue chips. Benchmark All Share Price index drop significantly by 99.51 points or 1.36% to end at 7,231.58 while S&P SL 20 index fall below the 4,000 mark to end at a 6-week low of 3,982.96…
Lanka Orix Leasing Company PLC has appointed Rajah Mahinda Nanayakkara as its Chairman with effect from 25 August 2015. He fills the chair following the retirement of Mrs. R.L. Nanayakkara.
Chinese stocks are again down, a day after their worst plunge since 2007 caused market losses around the world. The global sell-off was driven by fears that China’s slowing growth might pull down other economies. The benchmark Shanghai Composite fell 6% on Tuesday, after falling 8.5% on Monday – overnight, stocks in Europe and the…
At the conclusion of the parliamentary election a new government has been formed under the Premiership of Hon. Ranil Wickremesinghe. It is important to emphasise the need for introducing immediate policy reforms to accelerate economic growth and development. The new government’s manifesto sets out a major reform program. In this regard, the Pathfinder Foundation (PF)…
Colombo equities plunged 1.87% or 140.08 index points on Monday to close at a 3-week low of 7,331.09, suffering its worst one day fall since February 2015. The market faced severe selling as investor’s off-loaded shares on profit taking and global growth concerns. Most of Asian markets suffered today from major losses on fears of…
Malaysia’s MATRADE says it is ready to work with Sri Lanka in the areas of property development, monorail, railway infrastructure development, port operations, real estate, and also constructions of resorts This was announced by MATRADE, when they met a group of Sri Lankan businessmen at the Ceylon Chamber of Commerce. The meeting was organized by…
Taiwan says it wants to do more business with Sri Lanka, according to the President and CEO of the Taiwan External Trade Development Council Mr. Peter. W. J. Huang, who visited the Ceylon Chamber of Commerce on Monday evening. “Taiwan plays a vital role in development of SMEs, not only trade but also services and…
Fitch Ratings has today assigned Housing Development Finance Corporation Bank of Sri Lanka (HDFC Bank) a National Long-Term Rating of ‘BBB(lka)’ and a Stable Outlook. At the same time, Fitch has assigned HDFC Bank’s proposed senior debentures of up to LKR4bn an expected National Long-Term Rating of ‘BBB(lka)(EXP)’ and outstanding senior secured debentures a National…
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