Colombo stock market concluded weekly operations on optimistic note to stretch the winning streak for the third consecutive day amid the higher market activity following the premier’s statement on economic reforms. All share index advanced by 0.7% or 48.85 index points to end at 7,066.24, recording the highest intra-day gain after 8 weeks. 20-scrip S&P…
While daily trading was very active at the Colombo Stock Exchange, by 10.50 am all share indexes rose by 52 points while recording a value of 7,069.96. Similarly, there was a transaction of over Rs. 500 million recorded during the first one and a half hours. The Prime Minister’s address in Parliament yesterday (05 November)…
Offers 7-year loans of up to Rs 25 million at concessionary interest for initiatives that will make businesses more eco-friendly The Commercial Bank of Ceylon has announced the launch of Green Development Loans, throwing its weight behind efforts by businesses in Sri Lanka to make their operations more eco-friendly. The country’s largest private bank said…
Colombo bourse welcomed the economic policy direction set by the Premier Wickramasinghe and closed in the positive territory on Thursday. Prime minister’s speech which was delivered near to the session close managed to lift the index from the 7,000 mark to close the day at 7,017.39 with a gain of 13.82 index points or 0.20%….
While making a special address in Parliament on the new government’s mid-term economic plans, Prime Minister Ranil Wickremesinghe said that any public enterprise should be maintained through financial discipline and that similarly these enterprises should be successfully developed as commercial businesses. A State Holding Corporation on the lines of Singapore’s Tamasek, with State ownership would…
It has been planned to reduce the budget deficit to 3.5 per cent of the GNP through a mid-term financial consolidation, said Prime Minister while making a special address in Parliament today (05 November). He added that the new government expects to achieve this target by 2020 while proceeding through its mid-term development programmes. The…
The number of tourist arrivals into Sri Lanka during October this year has grown by 8.8 per cent while compared to October 2014, says the Sri Lanka Tourism Development Authority . The number of tourist arrivals to Sri Lanka last month was 132,280 while in October 2014 this number had been 121,576. The total number of…
Sri Lanka is ranked first among South Asian countries in the annual Prosperity Index 2015 released by the Legatum Institute of London. According to this index ranked while taking into consideration 142 countries world-wide, Sri Lanka is ranked 61st while Nepal is 89th, India 99th, Bangladesh 103rd, Pakistan 130th and Afghanistan 141st etc. This index…
Innovative New Zealand businesses who visited Colombo this week to continue forging business and trade links with Sri Lanka, met with Sri Lankan business heads at a reception hosted by HE Grahame Morton, High Commissioner to India, Sri Lanka, Bangladesh and Nepal at the Taj Samudra. Seventeen New Zealand companies from a range of industries…
Colombo stock market closed Wednesday session with mixed returns as the investors awaited for policy directions ahead of the prime ministers special speech. All share index plunge from 7,000 mark in the opening hours but managed to close higher along with the small improvement in investor activity. Benchmark index increased by 3.16 index points (+0.05%)…
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