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Sri Lanka shares mark over-2-wk closing low on foreign selling

Reuters – Sri Lankan shares fell to a more-than-two-week closing low on Friday as investors sold beverage and banking shares, even as foreign investors continued to trim their equity exposure for a third straight day. Analysts said foreign investors sold a net 340.7 million rupees worth of equities on Friday, extending the year-to-date net foreign…

(0)Comments | September 16, 2018 9:26 pm

Unilever and UNDP deliver PPP Policy Paper to President’s secretary

~ Outline plans to support Sri Lanka in achieving the Sustainable Development Goals Unilever Sri Lanka chairman Carl Cruz and United Nations Development Programme (UNDP) Country Director Jorn Sorensen recently handed over a policy action paper for the promotion of public private partnerships for sustainable development to the Secretary to H.E. the President of Sri…

(0)Comments | September 16, 2018 8:05 pm

AGSEP research report sheds new light on obstacles faced in promoting tourism in Sri Lanka

AGSEP Research, a key unit of the Asian German Sports Exchange Programme (AGSEP), a recognised local non-commercial government-associated-organisation recently released new insights into obstacles faced by tourism promoters and investors in the country. AGSEP, which supports the development of the country, has been instrumental for over a decade in publishing valuable key observations through its…

(0)Comments | September 16, 2018 7:59 pm

CAL Securities Facilitates First Cross-Border Share Transaction by a Sri Lankan Stockbroker

Capital Alliance (CAL), recently performed Sri Lanka’s first ever transaction of overseas stocks, marking a milestone in the annals of the nation’s corporate history. Previously, Sri Lankan investors were confined to investing in the Colombo Stock Exchange (CSE). However, following the liberalization of Sri Lanka’s exchange control regulations in November 2017, individuals and organizations domiciled…

(0)Comments | September 14, 2018 4:09 pm

Sri Lanka PM Ranil ‘Concerned on rebalancing of the Global Order’ at World Economic Forum on ASEAN – Report

Asian leaders including Sri Lanka, Việt Nam, Japan and South Korea worries about Protectionism, Nationalism Joining a panel discussion at the World Economic Forum on ASEAN, along with foreign ministers from Việt Nam, Japan and South Korea and Lynn Kuok, Associate Fellow at the International Institute for Strategic Studies (IISS) in Singapore recently (on Thursday…

(0)Comments | September 14, 2018 12:21 pm

China backed Sri Lanka Port City targeting Indian investors

World’s largest population China funded Sri Lanka’s Colombo Port City is targeting Investor’s from World’s second largest population – India officials said recently addressing Sri Lanka Economic Forum in Colombo organized by the Ceylon Chamber of Commerce. “Sri Lanka’s Colombo Port City’s financial centre aims to attract investors from the region, especially Indians and expatriates…

(0)Comments | September 14, 2018 11:47 am

‘Walkers Shipyard Not for sale’ – Disclosure by MTD Walkers

MTD Walkers PLC (Stock Code: KAPI.N) in disclosure to Colombo Stock Exchange (CSE) on today (14th September 2018) said that at present the company has not engaged or entered into any agreement to sell a strategic stake in Walkers Colombo Shipyard private limited neither to inject fresh capital in the company. Denying recent media reports appeared…

(0)Comments | September 14, 2018 10:38 am

Sri Lanka’s Chinese backed US $ 1.4 Bn, 665 Acre Port City could be Governed by Own Legal System – Report

Sri Lanka’s China backed, US $1.4 billion 665 acre new metropolis coming up adding nearly 2.6 square kilometers to 65,610 square kilometer South Asian island, ‘Could be also be governed by its own legal system, and the system is still being discussed and will require approval from Sri Lanka’s parliament and council of ministers’ a…

(0)Comments | September 14, 2018 5:30 am

Sri Lankan shares end flat; Dunamis Capital nearly doubles in heavy trade

Reuters – Sri Lankan shares closed flat near a two-week closing low on Thursday in heavy trading led by Dunamis Capital Plc which nearly doubled in value, even as foreign investors continued to trim their equity exposure for a second straight day. The Colombo stock index edged 0.03 percent higher to 6,060.68, settling near its…

(0)Comments | September 14, 2018 5:28 am

Sri Lankan rupee touches record low

Reuters – The Sri Lankan rupee hit a fresh low against the dollar on Thursday but sources said the market expects the currency to recover, tracking gains in other emerging market currencies. Hard-hit emerging market currencies were 0.43 percent stronger, helped by a weaker greenback. The U.S. dollar index fell as hopes grew of concessions…

(0)Comments | September 13, 2018 11:27 pm