The Russian central bank has announced it is increasing its key interest rate from 10.5% to 17%. The bank said the move was to try to ease the rouble’s recent descent in value. The Russian rouble has dropped to a new low against the US dollar, as falling oil prices and Western sanctions continue to…
Colombo Stock Exchange (CSE) announces the changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2014 annual index rebalance as follows. S&P Dow Jones Indices today announced that effective from the December 22, 2014 (after the market close of December 19, 2014), Asian Hotels & Properties PLC (CSE…
Organized by ‘Professionals for a Stable Sri Lanka’; Momentum, Asia’s largest synchronized professional forum will be held on Wednesday 17th December, 2014. To be held simultaneously at four locations – Cinnamon Grand, Cinnamon Lakeside, Hotel Galadari and JAIC Hilton Colombo Residencies – the forum will feature top professionals in business and social sectors, sharing their…
Colombo bourse started weekly operations on negative note continuing the lackluster trading session for third consecutive date. Core index marginally shed 6.11 index points or 0.08% to end at 7,230.26 while 20-scrip S&P SL index slightly dropped by 5.53 index points (-0.14%) to close at 4,069.61. Price declines in counters such as John Keells Holdings…
The Tankan‘s big manufacturer index slipped to 12 in December from 13 in September, lower than the median forecast of 13 polled by Bloomberg. In the outlook for next March, the Tankan Index was forecast to worsen to +9. Japan’s large manufacturers based their capital expenditure and business operations plans on the assumption that the…
The Municipal Solid Waste to Energy pilot project in Sri Lanka inaugurated its construction for the 3rd and final stage of the three phase plan at Kaburupitiya – Matara recently. The inauguration was held for the technological part for the 3rd phase of the project under the patronage of Chairman CEA Mr. D. W. Prathapasinghe…
Sri Lanka’s external sector made satisfactory progress during the period from January to October 2014, with continued foreign currency inflows in the form of earnings from exports, workers’ remittances and tourism as well as inflows to the financial account.
The Arpico Insurance Limited share issue has been oversubscribed after receiving applications for nearly Rs. 80 million and will close today (12 December) at 4.30 pm. The issue of 6,630,400 ordinary voting shares at Rs. 12 each has attracted applications for Rs. 79,564,800. The basis of allotment is to be notified later to the Colombo…
Shares in French aviation firm Airbus fell as much as 4.5% on Thursday after it said it might halt production of its A380 superjumbo in 2018. The aircraft manufacturer added it expected profits would be flat in 2016. Airbus shares fell 10.4% to €43.20 (£34.32)on Wednesday, marking their worst one-day fall for six years and…
Colombo equities witnessed a lackluster trading day where bourse failed to maintain momentum gained on last session. Main index shed 10.94 index points or 0.15% to close at 7,243.34 while S&P SL20 index marginally declined by 0.46 index points (-0.01%) to close at 4,082.95. Price depreciations in counters such as Ceylinco Insurance (closed at LKR…
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