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…
Sri Lanka Retailers Association (SLRA), the apex body of Sri Lanka’s Organised Retail Sector (ORS) consisting of last mile retailers, met Hon. Prime Minister Mahinda Rajapaksa on June 30 to address the issues and difficulties they are faced with due to COVID pressures in the country. Representatives of SLRA also requested Hon. Prime Minister to…
The United States is providing a welcome boost to Small and Medium Enterprises (SME) in Sri Lanka struggling with the impact of the pandemic. The U.S. International Development Finance Corporation (DFC) is awarding a USD75M funding line to NDB Bank to support its work in expanding and strengthening the SME sector, particularly among women business…
CSE to implement a new OTC Platform to conduct REPO Transactions on Debt Securities Applications called for New Trading Members to Carry Out REPO Transactions on Debt Securities on the OTC Platform of the CSE Colombo Stock Exchange (CSE) has taken the initiative to introduce a new Over the Counter (OTC) Platform to carry out…
Commissions first 4G Tower under the Gamata Sanniwedanaya Project in Panana Extending its support towards bridging the digital divide, SLT-MOBITEL, the National ICT, Telecommunications and Mobile Services Provider, facilitated the Telecommunications Regulatory Commission of Sri Lanka’s (TRCSL) ‘Gamata Sanniwedanaya’ Project by commissioning the first 4G tower in Panana, Weligepola on Monday, July 5, 2021. Oshada…
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