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…
The Sri Lanka- Singapore Business Council (SLSBC) of the Ceylon Chamber of Commerce successfully concluded a business mission to Singapore from 29th – 1st August 2015, The mission was organized to coincide with the SBF Seminar on Doing Business in Sri Lanka followed by One-to-One Business Meetings which was organized by the Singapore Business Federation…
Sri Lankan Government has decided to obtain fingerprints as biometric data of applicants when issuing Passports, the Government Information Department announced today. Accordingly the Immigration and Emigration Department will begin the process to issue biometric passports according to international standards with effect from 10th August 2015. With this arrangement, Sri Lankan Passport will become a…
Our safari vehicle has been bumping along for a good few hours with no sign of the star attraction. Sure, we’ve spotted all kinds of creature s from elephants to crocodiles, monkeys to mongooses and myriads of birds. But the one thing we’re all longing to see – large, feline and ferocious – has so…
Emirates’ eight daily flights to London will all be served by the highly popular A380s from January 1st 2016, cementing the airline’s status as the largest international A380 operator into the British capital. Combined with the airline’s double daily A380 services to Manchester, Emirates will offer 70 A380 flights per week into the UK, more…
The Ralph Toastmasters Club last weekend inducted its first-ever Lady President Chitra Veerabahu at a gala ceremony at the Grand Oriental Hotel in Colombo. Chief Guest on the occasion was well-known media personality and popular Corporate Etiquette Trainer Kumar de Silva. Guest of Honour was Arunasalam Balraj, 2nd Vice President, Toastmasters International who is also…
Fitch Ratings has affirmed Ceylon Dollar Bond Fund’s Fund Credit Quality Rating of ‘BB-‘. The Fund Volatility Rating is ‘V-5’. The fund only invests in US dollar-denominated bonds issued by the Sri Lankan sovereign, licensed banks and corporate issuers. The fund is managed by Ceylon Asset Management (CAM). KEY RATING DRIVERS The ‘BB-‘ Fund Credit…
Lakshman Hulugalla has resigned from the Directorate of On’ally Holdings PLC with effect from 31 May 2015. The On’ally Holdings says he did not hold any shares in the company.
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