Dr. Radhika Coomaraswamy has tendered her resignation from John Keells Holdings PLC board which will be effective from 31 December 2019. The company said in a stock exchange filing that Dr. Radhika Coomaraswamy has intimated to John Keells Holdings PLC (JKH) that she wishes to resign from the directorate of the company with effect from…
Sri Lanka’s Central Bank said a new scoring system will be introduced to the Credit Information Bureau (CRIB) from January. “There are lots of concerns about CRIB reporting. So, we decided to give a new face to the CRIB report by introducing a scoring system from January next year,” Deputy Governor H. A. Karunaratne said….
The Monetary Board of the Central Bank of Sri Lanka, acting in terms of the Local Treasury Bills (Primary Dealers) Regulations No. 01 of 2009 and the Registered Stock and Securities (Primary Dealers) Regulations No. 01 of 2009, has decided to revoke the suspension of NatWealth Securities Limited from carrying on the business and activities…
The new government is to make a statement as to show how the recently introduced fiscal stimulus would be accommodated without undermining stability, Central Bank Governor Dr. Indrajit Coomaraswamy said. “This fiscal stimulus must be kept in a framework which does not undermine fiscal sustainability and even more importantly it must not undermine debt sustainability….
Reuters – Sri Lankan shares closed at a 17-month high on Friday, helped by positive sentiment surrounding tax cuts by the country’s new government, while the rupee ended a tad weaker. ** The government said on Wednesday it had decided to reduce value-added tax to 8% from 15% from Dec. 1, and abolish some other…
~ WoW.lk to integrate operations and management under Daraz.lk Dialog Axiata Group and Daraz Sri Lanka have entered into a strategic partnership to collaborate on digital commerce. As the first step in this partnership, Daraz Sri Lanka is to integrate the management and business operations of wOw.lk, the online retail platform owned by Dialog Axiata…
Sri Lanka’s Central Bank observes that the recent tax revisions would support lower inflation and higher economic growth in the short term, but was of the view that greater clarity with regard to the medium-term fiscal path of the government is required to assess the impact on the economy over the medium term. Announcing the…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 28 November 2019, decided to maintain its accommodative monetary policy stance with the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank remaining at their current levels of 7.00 per cent and 8.00 per cent, respectively….
Reuters – Sri Lankan shares and rupee ended higher on Thursday, a day after the government said it has decided to reduce value-added tax to 8% from 15% with effect from Dec. 1, along with plans to abolish some other taxes as well. ** The gains also come a day ahead of the central bank’s…
Ronald C. Perera, Chairman of the Bank of Ceylon (BOC) and three other directors of the bank have tendered their resignations. The bank announced the resignation in a notice sent to the Colombo Stock Exchange. Ronald C. Perera has tendered his resignation from the board of Bank of Ceylon on 26th November 2019 and Non- Executive…
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