The Colombo Stock Exchange (CSE) has showcased a strong growth trajectory in Capital Raising by Sri Lankan corporates of all scales during the first 7 months of 2021. Sri Lankan corporates are increasingly recognizing the exchange as a platform to achieve greater financial freedom, improved access to capital, enhanced global profile, access to liquidity and…
Sri Lanka will become the first country to benefit from an IFC global initiative designed to boost access to affordable and quality health-care through digital technology across the region—amid increased demand for services in the wake of COVID-19. IFC’s new upstream initiative, the Global Digital Health Platform (DigiHealth), will begin in Sri Lanka with the…
The Silk Road Journal by Mahika Ming The Global Young Leaders Dialogue (GYLD) is an initiative of the Chinese NGO think tank Center for China & Globalization (CCG) in association with the Academy of Contemporary China & World Studies. The main objective of this initiative is to develop a global community engaged in positive trans-cultural…
The Central Bank of Sri Lanka (CBSL) has observed messages being circulated claiming that licensed banks have been officially asked to devalue the Sri Lanka rupee with immediate effect. The general public is hereby informed that there is no basis whatsoever for such claims, and the CBSL has not made any change to its stance…
COLOMBO, Aug. 18 (Xinhua) – The low hum of excavators and dump trucks echoes across 228.5 hectares of land belonging to the Hambantota International Port’s (HIP) industrial park, as contractors scramble to complete ground leveling for a 300 million U.S. dollar tire factory. Sri Lanka’s southern district of Hambantota is mostly known for its sprawling…
The introduction of Delivery Versus Payment (DVP) is the most meaningful change to the Colombo Stock Exchange (CSE) trading infrastructure in several decades. The CSE implemented the DVP Settlement mechanism as scheduled on 16th August 2021. The DVP mechanism was implemented pursuant to extensive testing and industry-wide mock runs being carried out over a period…
Hindustan Times – China and Sri Lanka are set to deepen their bilateral “vaccine diplomacy” with a leading Chinese pharma company preparing to set up a manufacturing plant to make anti-Covid jabs in President Gotabaya Rajapaksa’s home district, Hambantota. The new plant will be set up under an agreement that will allow Colombo to source…
In a bid to protect the most vulnerable people and help companies maintain operations and jobs, IFC’s focused and sustained investments in South Asia continued to have strong impact in the fiscal year 2021, with support for medical facilities, vaccines and supplies, and to hard-hit micro, small, and medium enterprises (MSMEs) while also spurring investments…
99x received investment as part of its Capital Restructuring program, an investment of USD 20 million towards its next phase of planned growth. The funds were through an investment from Herkules Deal-by-Deal, a Scandinavian private equity company. The investment entails setting up a holding company in Europe, funds for future acquisitions, and cash remuneration for…
The Delivery Versus Payment (DVP) Settlement mechanism was implemented as scheduled yesterday 16th August 2021. The Open Auction call session of the Colombo Stock Exchange (CSE) yesterday was from 12.15 P.M to 1.00 P.M. The pre -open was extended in order to provide more time for order entry in view of the transition to the…
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