The Colombo Stock Exchange (CSE) is to conduct a planned Full day of trading from the Disaster Recovery site using ATS Version 7 Disaster Recovery Solution on Friday 13th December 2019 as a part of its routine Business Continuity Planning (BCP). The exercise will be an industry wide activity with the participation of all stakeholders,…
The One Transworks Square (Pvt) Ltd. took its rightful place among the Asia’s finest real estate players as it scored a major win at the prestigious PropertyGuru Asia Property Awards 2019 held in Bangkok, Thailand. The PropertyGuru Asia Property Awards is a highly-regarded accolade, recognising excellence in real estate, development, design and innovation. The event saw…
Bloomberg: LOLC Holdings Plc, Sri Lanka’s second-largest publicly traded company by revenue, plans to sell its stake in a unit in Cambodia and use the proceeds to fund acquisition of microfinance firms in emerging markets from Brazil to India. LOLC Holdings plans to sell its 70% stake in Prasac Microfinance Institution Ltd., which also counts Hong…
The Asian Development Bank (ADB) has trimmed its forecasts for economic growth in developing Asia this year and next year as growth in the People’s Republic of China (PRC) and India is weighed down by both external and domestic factors. In a supplement to its Asian Development Outlook 2019 Update released in September, ADB now expects gross domestic product…
(Reuters) – Sri Lankan shares fell for the sixth straight session and ended at a near four-week closing low on Tuesday, weighed down by continued foreign sell-offs in the absence of any fresh policy announcements, while the rupee ended steady. ** The benchmark stock index closed down 0.71% at 6,060.20, its lowest since Nov. 15….
Softlogic Life Insurance PLC announced that Mr Sujeewa Rajapakse has been appointed as the Deputy Chairman of the Company. The appointment is following the retirement of Mr Paul Ratnayeke from that position. Mr Rajapakse, who serves as a senior independent director of the Board of Softlogic Life, counts over 30 years of experience in audit…
Cinnamon Life -Sri Lanka’s most-anticipated mixed development- hosted an exclusive breakfast forum on 10 December 2019 at the Cinnamon Grand in Colombo, where prominent business leaders were made privy to insights from illustrious emerging markets investor, Dr. Mark Mobius. The invitee-only event titled ‘Emerging Markets and Sri Lanka’s Growth Trajectory’ was extremely well attended, being…
The first high powered Chinese business delegation to Sri Lanka to arrive under the new government is from the most technological and dynamic hub of China’s One Belt One Road (OBOR or BRI – Belt and Road Initiative) project. Facilitated by Sri Lanka’s Confederation of Micro, Small and Medium Industries (COSMI), the high powered Chinese…
Sri Lanka should increase its tourist arrivals target to ten million a year based on current trends without just hovering around two or three million, Mark Mobius, a top emerging markets investor said. “Yesterday someone asked me about tourism here in Sri Lanka and i said “you know you people should not be doing 2…
Reuters – Sri Lankan shares closed weaker for the fourth straight session on Monday, weighed down by foreign sell-offs and profit-taking in construction shares, while the rupee ended steady. ** The benchmark stock index closed down 0.75% at 6,103.63, its lowest since Nov. 26. The bourse fell 1% last week, but is up 1.61% for…
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