The Colombo Stock Exchange (CSE) has decided to revisit the methodology of the computation of the ASPI to determine the possibility of index movements being linked to the public float (as opposed to the total market capitalization as is current practice) of listed company constituents of the index. This would allow the ASPI to more…
Sri Lanka’s railway system transports essential goods and freight, serves thousands of daily commuters, and forms an island-wide transport network that benefits millions of Sri Lankans. Colombo Fort and Maradana are at the heart of the country’s suburban railway network and service the majority of rail transport within the Colombo Metropolitan Region (CMR). This network…
In terms of the provisions of the Foreign Exchange Act, No. 12 of 2017, the Hon. Minister of Finance has issued Regulations, with the approval of the Cabinet of Ministers, to permit companies incorporated in Sri Lanka under the Companies Act, No. 7 of 2007 (excluding companies engaged in finance business as per the Finance…
Considering the potential of Special Deposit Accounts (SDAs) to attract a substantial amount of foreign exchange into the country and the resultant positive impact on the foreign currency reserve position of the country and the overall economy, the Hon. Minister of Finance with the recommendation of the Monetary Board of the Central Bank of Sri…
JAT Holdings, Sri Lanka’s trusted leader in wood coatings, hosted an informative virtual investor forum today (08) for their upcoming Initial Public Offering, following the official launch event held on the same day. The launch event of the IPO was open to the public to participate via Zoom, Facebook Live and YouTube Live, whereas the…
Bloomberg – Sri Lanka’s central bank said it will dip into its foreign exchange reserves to partly repay $1 billion of bonds maturing later this month, seeking to allay investors’ concern about a possible default. There may be some inflows to the government coming in July, which could also be used toward the debt obligation,…
SINGAPORE, July 8 (Reuters) – Oil prices fell for a third day on Thursday amid uncertainty over supply after the collapse this week of talks among major producers which could potentially cause the current output agreement to be abandoned. Brent crude oil futures slipped by 23 cents, or 0.3%, to $73.20 a barrel by 0644GMT,…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 07 July 2021, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 4.50 per cent and 5.50 per cent, respectively. The Board arrived at…
In fulfilling the government of Sri Lanka’s Vision and priority to produce ‘Smart Technocrats’ who are globally recognized and who possess international acclaimed qualifications required by the local and international employment markets, Huawei Sri Lanka recently inked and Memorandum of Understanding (MoU) with the National Apprentice and Industrial Training Authority (NAITA) a leading Vocational Training…
SriLankan Airlines the National Carrier of Sri Lanka and a member of the oneworld alliance resumes flights to the Russian capital, Moscow. SriLankan’s new service will operate a weekly scheduled flight between Colombo’s Bandaranaike International Airport (BIA) and Moscow’s Domodedovo Airport (DME) from 30th July 2021. Accordingly, SriLankan would commence its flights to Russia every…
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