The World Bank has predicted Sri Lanka’s economy to grow by 3.3% in 2020. “The acceleration afterwards will be supported by recovering investment and exports, as long as the security challenges and political uncertainty of 2019 dissipate,” the bank said in its latest January 2020 Global Economic Prospects report and noted that the “Growth is…
Located in a picturesque location of the French Rivera, the 18th edition of the ILTM France kicked off from 2nd to 5th December 2019, at Cannes, France with an attendance of over 5000 visitors from all across the world. ILTM 2019 was also marked as the biggest event which was held so far, since its…
The Citigroup Global Markets Limited has purchased the entire stake from Broga Hill Investments, the stockbroker firm CT CLSA Securities (Pvt) Ltd which facilitated the transaction, said in a stock exchange filing today (9). Accordingly, The Citigroup Global Markets Limited has acquired 141,854,717 shares of John Keells Holdings, at Rs.160.00 per share, representing 10.76 percent of the issued…
ICRA Lanka Limited has reaffirmed the issuer rating of [SL]A- with stable outlook for First Capital Holdings (FCH). ICRA Lanka has also reaffirmed the [SL]A2+ rating for the LKR 1,500Mn commercial paper programme of FCH. ICRA Lanka has also withdrawn the outstanding issue rating of [SL]A-(stable) on the LKR 185Mn senior unsecured redeemable debentures of…
SriLankan Airlines recently issued a statement clarifying an erroneous news item with regard to the purchase of drinking water for its valued passengers. The full statement issued by SriLankan Airlines is as follows: Due to the extensive time taken by cabin crew members to physically pour and serve water to all of the passengers on flights operating…
Broga Hill Investments Limited has reportedly sold its entire stake in Sri Lanka’s John Keells Holdings PLC for an amount of Rs.22.6 billion. Malaysia’s sovereign wealth fund Khazanah Nasional Berhad, Broga Hill Investment Limited is the second largest investor of John Keells Holdings (JKH). Reportedly, 141.9 million shares equivalent to 10.8% of John Keells Holdings have…
Sri Lankan shares slid on Wednesday to their lowest in nearly 11 weeks, in line with declines in global equities after Iran’s attack on U.S.-led forces in Iraq stoked fears of a wider conflict in the Middle East. ** Stocks across the globe tumbled on Wednesday after Iran’s attack, but pared losses as fears faded…
The recent Boeing crash came hours after Iran launched a ballistic missile attack targeting two bases in Iraq housing U.S. forces in retaliation for the killing of Revolutionary Guard Gen. Qassem Soleimani. The Boeing 737 is a popular and widely used single-aisle, twin-engine jetliner used by airlines across the globe for short to medium-range flights….
New York (CNN Business) – Oil prices climbed sharply Wednesday after the Pentagon said Iran launched more than a dozen ballistic missiles against bases in Iraq that house US troops, amplifying concerns about a spiraling tit-for-tat conflict between the United States and Iran. US crude was last up more than 1.2% to over $63 a barrel, coming down slightly…
Due to the prevailing unsettled situation in the Persian Gulf region, SriLankan Airlines has altered the route of its Colombo-London-Colombo flights to avoid the airspace of Iran and Iraq with immediate effect, as a precautionary measure. SriLankan Airlines is closely monitoring the situation and is in contact with relevant national and international authorities, with the…
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