Adds another 84,000 radials in most wanted sizes in Phase 2 of 2021 expansion plan Radial production increased by 32% since March CEAT Kelani Holdings has announced a production increase of 84,000 radial tyres per year for passenger cars and vans, in its second expansion in this segment within the past four months. The expansion…
A national consultation workshop on a strategy for sustainable freight transport in Sri Lanka was virtually held by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), Embassy and the Permanent Mission of Sri Lanka in Bangkok and the Ministry of Transport of Sri Lanka, on 5 July, 2021. Making opening remarks…
08 potential subcommittees are in place to promote trade between Sri Lanka and Singapore The 24th Annual General Meeting of the Sri Lanka – Singapore Business Council (SLSBC) of The Ceylon Chamber of Commerce was held on 16th June 2021 via Zoom. The SLSBC was inaugurated in 1997 under the aegis of the Ceylon Chamber of Commerce…
The Securities and Exchange Commission of Sri Lanka (SEC) along with the Colombo Stock Exchange (CSE) continue to drive digital advancement in Sri Lanka’s capital market with the launch of the second phase of the digitalization of the Stock Market on 07TH July 2021 under the patronage of His Excellency Gotabaya Rajapaksa, the President of Sri…
The Colombo Stock Exchange (CSE) has decided to revisit the methodology of the computation of the ASPI to determine the possibility of index movements being linked to the public float (as opposed to the total market capitalization as is current practice) of listed company constituents of the index. This would allow the ASPI to more…
Sri Lanka’s railway system transports essential goods and freight, serves thousands of daily commuters, and forms an island-wide transport network that benefits millions of Sri Lankans. Colombo Fort and Maradana are at the heart of the country’s suburban railway network and service the majority of rail transport within the Colombo Metropolitan Region (CMR). This network…
In terms of the provisions of the Foreign Exchange Act, No. 12 of 2017, the Hon. Minister of Finance has issued Regulations, with the approval of the Cabinet of Ministers, to permit companies incorporated in Sri Lanka under the Companies Act, No. 7 of 2007 (excluding companies engaged in finance business as per the Finance…
Considering the potential of Special Deposit Accounts (SDAs) to attract a substantial amount of foreign exchange into the country and the resultant positive impact on the foreign currency reserve position of the country and the overall economy, the Hon. Minister of Finance with the recommendation of the Monetary Board of the Central Bank of Sri…
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,…
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