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All countries passports from Indonesia next month

All countries passports which had been out of stock for the past several months will arrive from Indonesia by mid next month, a spokesman for the Immigration and Emigration Department said. A delay in the implementation of e-passports by the department, due to practical issues had caused a shortage of the all countries passports, he…

(0)Comments | October 16, 2018 12:39 pm

Lanka’s growth to remain around 4% next two years – WB

Sri Lanka’s economic growth is projected to recover from the effects of last year’s weather disruptions, which negatively affected agriculture, and to remain around 4 percent in the next two years, according to a World Bank report published twice-a-year covering regional economic update. The latest edition of the South Asia Economic Focus, ‘Budget Crunch’ said,…

(0)Comments | October 16, 2018 12:31 pm

Sri Lankan rupee ends weaker; stocks hit near 5-yr low on foreign selling

Reuters –  The Sri Lankan rupee ended 0.7 percent weaker on Monday as banks and importers bought the dollar and as stocks declined for a fifth straight session, hitting a near five-year closing low on continued foreign fund outflow. The rupee ended at 170.60/75 per dollar, compared with the previous close of 169.40/70. ** The…

(0)Comments | October 16, 2018 6:42 am

FMO supports Nations Trust Bank’s growth and drives job creation in Sri Lanka

FMO recently arranged a USD 50mln syndicated loan for Nations Trust Bank (NTB) in Sri Lanka. The loan supports further growth in Nations Trust Bank’s business banking activities which, for a number of years, has been strategically geared more towards small and medium enterprises and boasts a very successful track record so far. Nations Trust…

(0)Comments | October 15, 2018 1:04 pm

CBSL says Forensic Audits underway on ‘Controversial Bond Issues’ in 2015 and 2016

The Central Bank wishes to inform the public that several measures have been initiated and some have already been implemented, to strengthen transparency and accountability in several areas of operations of the Central Bank in line with the recommendations of the COI. In relation to the legal framework within which the Central Bank operates, measures…

(0)Comments | October 15, 2018 10:59 am

High net worth investor Nimal Perera back in the Stock Market – Report

Once famous Sri Lanka’s one of the top traders in the market and former mergers and acquisitions advisor to billionaire Dhammika Perera, Nimal Perera had returned to Sri Lanka’s stock market again with over Rs. 2 billion worth purchases in recent months, a recent report in Sri Lanka’s financial daily – Daily FT highlights. “Given…

(0)Comments | October 15, 2018 9:57 am

Invest Sri Lanka Promotion in UK concludes with the first-ever event in Scotland

The Invest Sri Lanka capital market road show organized by the Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission of Sri Lanka (SEC) concluded on a positive note with institutional investors based in Edinburgh, particularly those with an investment interest in frontier and emerging markets gathering to hear the investment case…

(0)Comments | October 13, 2018 1:49 pm

Venora Lanka Power Panels (Pvt.) Ltd. launches its products in Ethiopia

Venora Lanka Power Panels (Pvt.) Ltd., manufacturer of power panels to mega projects in Sri Lanka and abroad has launched its products in the Ethiopian market. The Venora products were launched under the auspices of Ambassador of Sri Lanka to Ethiopia and Permanent Representative to the African Union Commission Sumith Dassanayake on 5 October 2018…

(0)Comments | October 13, 2018 1:23 pm

Sri Lankan rupee rises on exporter dollar sales; stocks extend falls

Reuters – The Sri Lankan rupee strengthened 0.5 percent on Friday, as inward remittances and exporters dollar sales surpassed mild importer demand for the greenback, while stocks declined for a fourth straight session and posted their lowest close in more than one week. The rupee ended at 169.40/70 per dollar, compared with the previous close…

(0)Comments | October 13, 2018 1:09 pm

The Ministry of Mahaweli Development & Environment and Biodiversity Sri Lanka Sign MOU for Collaboration

The Ministry of Mahaweli Development and Environment and Biodiversity Sri Lanka signed a joint Memorandum of Understanding recently to use their combined comparative advantages for biodiversity conservation and sustainable development in Sri Lanka. Both organizations will endeavor to add value to each other and ensure that together they are able to contribute substantively to influences…

(0)Comments | October 12, 2018 6:53 pm