Considering the recent major Fiscal and Monetary policy changes, First Capital Research believes that the current accommodative monetary policy stance is appropriate and that there is ample space for market lending rates to reduce without further adjustment in policy rates. Already announced tax relief, and proposed moratorium on capital repayments of bank loans for the…
Opportunity2030 study reveals the almost USD10 trillion private-sector investment opportunity in contributing to the UN Sustainable Development Goals (SDGs) in emerging markets At USD7.3 billion, the greatest private-sector investment opportunity in Sri Lanka is investment in achieving and maintaining universal access to electricity (SDG 7) The Standard Chartered SDG Investment Map reveals an almost…
Sri Lanka’s tourism industry is bracing for a hit from the impact of coronavirus with a downturn in arrivals. Officials have begun meeting flights from China, amid spreading global concern about the virus which has spread to a number of countries around the world, including Sri Lanka. Authorities in China have already begun placing restrictions…
Susantha Ratnayake, Chairman of the Board of Investment of Sri Lanka held discussions with a delegation of senior diplomats from Slovenia visiting Sri Lanka. The delegation was led by Mr. Marjan Cencen Ambassador of Slovenia to Sri Lanka based in New Delhi and Mrs. Mateja Vodeb Ghosh, Minister Plenipotentiary. The ambassador had visited Sri Lanka…
Chinese authorities have decided to suspend trading on the Shanghai and Shenzhen stock exchanges. This move comes as the Wuhan coronavirus outbreak grows in size and severity. The government is kicking the can down the road. Investors can expect a massive correction when trading resumes next Monday. China’s financial markets will remain shuttered until Feb. 3 due…
P.G Kumarasinghe Sirisena who served as the chairman/ non-Executive Director of E-Channelling PLC has tendered his resignation with effect from 22nd January 2020. In a stock exchange filing today (28) the company said that the registration of Mr. P.G.K.Sirisena was informed to them on the 23’d of January 2020 and on receipt of same a Resolution was circulated…
Sri Lanka’s vehicle registrations were subdued in December 2019, with total car registrations recording 2,057 units in December marginally up from 2,030 units in November but down from 2,669 units 12 months ago, according to a market report by JB Securities (Pvt.) Ltd. In the overall segment Toyota is the market leader with a 64.2%…
Norwegian Ambassador H.E. Trine Jøranli Eskedal visited Jaffna and Kilinochchi from 22 to 24 January. The highlight of her visit to the North was the opening of Sri Lanka’s first-ever floating solar plant with a capacity of 42KW located at the Kilinochchi campus of the Jaffna University. The project is a result of the research…
Sri Lankan shares fell on Monday as fears over the spreading Chinese virus continued to weigh on the global economy. The All Share Price Index (ASPI) lost 0.95% or 56.66 points to close at 5,934.63 points, while the S&P SL20 dropped to 1.37% or 39.58 points to close at 2,843.43. Market turnover was Rs.181.9 million….
Sri Lanka Telecom (SLT) the leading Digital Lifestyle Service Provider in Sri Lanka, comprises of a customer base over 1.6 million including multinational corporations, large and small corporates, public sector, retail and domestic customers. SLT indeed provides a full range of ICT services in the areas of voice, data, broadband, TV, mobile and enterprise solutions…
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