The Young Members’ Forum of the Ceylon Chamber of Commerce is planning to hold a ‘Career and Entrepreneurship Fair’ at the Rajarata University during the next month to help empower the youth in the North Central, North, Eastern and the North Central provinces of the country. Accordingly, the Ceylon Chamber of Commerce, recently signed an…
China has set the guiding rate for its yuan currency lower for third consecutive day. But Thursday’s rate of 1% down against the dollar was a smaller margin than the shock cuts earlier in the week. The bank had on Tuesday announced it would start setting the daily rate based partly on the previous day’s…
Colombo bourse closed on a mixed note amid the increase in treasury yields for the seventh consecutive week. Main index advanced to 7,490 mark in the first half of the trading session but failed to continue the optimistic momentum as investors booked profits on selected stocks. All Share index bagged 12.98 index points (+0.17%) to…
The Colombo Magistrate’s Court today issued notice on the Governor of the Central Bank Arjuna Mahendran and his son-in-law Arjun Aloysius to appear before the court on October 30, over a petition filed regarding the controversial Treasury Bond issue. The petition was filed by UPFA Provincial Councillor Renuka Perera seeking a court order summoning the…
Strong second quarter growth in fund based operations has enhanced the half year performance of Commercial Bank of Ceylon PLC, enabling Sri Lanka’s largest private sector bank to post profit before tax of Rs 7.443billion for the six months ending 30th June 2015, an increase of 14.97% over the corresponding six months of the previous…
Emirates, a global connector of people, places and economies, has announced its sixth daily A380 service to Australia and second daily service to Singapore with the up-gauge of its current service between Dubai and Melbourne via Singapore. From the 1st of March 2016, EK404 and EK405 will be operated by Emirates flagship A380 aircraft, replacing…
Colombo stocks ended with solid gains, one week ahead of the 15th parliamentary election. The market inclined sharply today, breaking the 7,400 resistance level and the ASI reached a nearly seven month high of 7,458.92 with a gain of 80.98 index points or 1.1%. 20-script S&P SL index advanced to a seven month high of…
China has devalued its currency to boost flagging exports in a move that risks deepening the global currency war. After recent data showing falling exports and a stalling manufacturing sector, the central bank said on Tuesday that it was allowing the yuan to weaken by nearly 2% in the hope of making China’s exports cheaper…
Sri Lanka is looking to enhance the existing political and economic ties with South Korea, according to Sri Lanka’s designated envoy to South Korea Mrs. Manisha Gunasekera. Gunasekera said this, when she met with the local business community dealing with South Korea at the Ceylon Chamber of Commerce, recently. Designated envoys and trade counsellors visits…
Colombo shares closed flat on Monday, hovering around its highest in more than six months as some investors booked gains while others were looking forward for the quarter earnings reports. Shares opened slightly weak in the morning session but crept into the positive territory in the latter half to close at 7,377.94 with a modest…
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