India’s economy grew by 5.7% in the three months to June, its fastest pace in two-and-a-half years, according to an official estimate. The economy was helped by strong growth in electricity, gas and water supply, and financial services, the Ministry of Statistics said. The growth figure was higher than analysts had been expecting. India’s new…
The Colombo Stock Exchange has approved in principle an application by the Bank of Ceylon for listing its debt securities. The bank is to issue 40 million unsecured unredeemable debentures at an issue price of Rs. 100 each with an option to issue up to a further 40 million debentures in the event the initial…
Colombo Stock market wrapped the weekly operations on positive note where ASI closed on 38 month high level. Core index bagged 42.33 index points or 0.61% to close at 7,034.09 while 20-scrip S&P SL index gained 26.64 index points or 0.69% to end at 3,872.51. Price appreciations in counters such as Ceylon Tobacco (closed at…
Ceylon Hotels Corporation PLC has incorporated a joint venture company called Ceylon Holidays Holdings (Pvt) Limited after entering into an agreement with Zinc Hospitality Lanka (Private) Limited, the hospitality arm of the multinational conglomerate Cinnovation/CG Group. Ceylon Holidays Holdings (Pvt) Limited is currently a fully owned subsidiary of Ceylon Hotels Corporation PLC. Zinc Hospitality Lanka…
Attention has been drawn towards importing fish from the Seychelles for the consumers in Sri Lanka and discussions have already begun on this issue, said Seychelles Trade and Investments Minister Pierre Laporte in Colombo. Sri Lanka is in the process of strengthening ties with the Seychelles which is a group of islands with fisheries and…
Colombo shares regained the lost ground on Thursday as both indices closed with positive returns. Main index gained 6.85 points (+0.10%) to end at 6,991.76 whereas S&P SL 20 index marginally gained 3.04 points (+0.08%) to end at 3,845.87. Price progression in counters such as John Keells Holdings (closed at LKR 249.00, +1.6%), Lanka IOC…
The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC), in association with the Sri Lankan Embassy in Washington D.C will host its first “Invest Sri Lanka – Investor Forum” in North America on the 4th of September in New York City. Bloomberg and the American Chamber of Commerce (AMCHAM)…
A memorandum of understanding was signed in Colombo this morning (28 August) between the Board of Investments of Sri Lanka and the Seychelles. He believes that this MoU would open up business opportunities in the Seychelles to Sri Lankan contractors, said Investment Promotion Minister Lakshman Yapa Abeywardene. While attending the event, Seychelles Trade and Investments…
Senkadagala Finance PLC has entered into a share purchase agreement with Newest Capital Limited to acquire 100 percent of the fully paid issued share capital for Rs. 300 million. Accordingly, from 25 August 2014, Newest Capital is a fully owned subsidiary of Senkadagala Finance PLC. This is under the Master Plan for the Consolidation of…
The long and short term financial ratings of HDFC Bank have been upgraded to BBB+ and P2 from its earlier BBB and P3 by Lanka Rating Agency Limited. The outlook on the long term rating is stable. Currently, long term issue ratings of Sri Lankan Rupees 2 billion secured senior listed debenture (2013/2018) has been…
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