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COMBANK named Best Bank in Sri Lanka for 18th time by Global Finance

The Commercial Bank of Ceylon has been named Sri Lanka’s Best Bank in 2017 by USA-based Global Finance, giving the Bank its third international accolade in as many months. Just released by the authoritative and widely respected publication, the list of the 30 Best Banks in Asia Pacific has Commercial Bank in the company of…

(0)Comments | March 22, 2017 12:10 pm

CB Governor meets the Ambassador of the USA to Sri Lanka

The Ambassador of the USA to Sri Lanka, His Excellency Atul Keshap paid a courtesy call on the Governor, Central Bank of Sri Lanka, Dr Indrajit Coomaraswamy on Tuesday, 21st March 2017 in the Office of the Governor.

(0)Comments | March 22, 2017 12:03 pm

Inflation in February 2017

Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics, increased to 8.2 per cent in February 2017 from 6.5 per cent in January 2017, on year-on-year basis. Both Food and Non-food categories contributed towards the year-on-year inflation in February 2017….

(0)Comments | March 22, 2017 12:00 pm

Sri Lankan shares end flat as investors await cbank rate review

Reuters – Sri Lankan shares were little changed on Tuesday in lacklustre trade, hovering near a one-year closing low hit last week, as investors stayed on the sidelines ahead of the central bank’s policy review. The Colombo stock index ended flat at 6,041.59, near its lowest close since March 16, 2016 hit on Thursday. Turnover…

(0)Comments | March 22, 2017 10:51 am

Alpen advises People’s Leasing, Sri Lanka to raise funding from UAE

Alpen Capital advised People’s Leasing & Finance PLC, a market leader in the leasing and finance industry in Sri Lanka to successfully raise a $35 million Medium Term Facility from the Middle East market. The three year US Dollar term loan facility has been funded by way of a Club Deal by the National Bank…

(0)Comments | March 21, 2017 4:01 pm

Sri Lanka to increase international air connectivity

Sri Lanka is looking to increase international air connectivity in an effort to boost tourism, a statement said here on Tuesday. With the tourism industry recording a positive growth since 2009, officials said they now hope to have more direct flights, open skies policy, competitive landing and parking fees, incentivising low-cost airlines and smoother immigration…

(0)Comments | March 21, 2017 2:36 pm

ILO backed National Coop policy arrives in May

The finalisation of Sri Lanka’s much awaited and ILO backed National Cooperatives Policy draft has been called for May 29. “I believe that we need to take a collaborative approach to Cooperatives National Policy” said Minister of Industry and Commerce Rishad Bathiudeen on 20 May at BMICH. Minister Bathiudeen, addressing the Cooperatives Provincial Ministers’ Summit…

(0)Comments | March 21, 2017 12:28 pm

Ceylon Tea Boutique attracts a large number of ITB visitors

Ceylon Tea being among the most recognized tea brands in the world, were amongst the most popular items for the German visitors who visited the Sri Lanka Pavilion at ITB 2017. Sri Lanka Tourism Promotion Bureau organized an exclusive Tea Promotional Boutique at the ITB with three Sri Lankan tea hostesses. Over 4,000 visitors visited…

(0)Comments | March 21, 2017 9:52 am

The first leg of the capital market promotion in Australia a success

The Invest Sri Lanka Investor Forum hosted in Sydney today by the Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission of Sri Lanka (SEC) drew over 150 participants including Institutional Investors, High-net-worth individuals, Sri Lankans living in Sydney and other individuals with a business interest in Sri Lanka. The interest in…

(0)Comments | March 21, 2017 7:31 am

Sri Lankan shares edge down on rate hike concerns ahead of review

Reuters – Sri Lankan shares edged down on Monday, hovering near a one-year closing low hit last week, as expectations of a rate hike continued to weigh on sentiment. The Colombo stock index fell 0.1 percent to finish at 6,041.17, near its lowest close since March 16, 2016 hit on Thursday. The bourse fell 0.6…

(0)Comments | March 21, 2017 7:25 am