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Sri Lankan shares hit near 10-mth closing low
Jan 24, 2017 (Reuters) – Sri Lankan stocks closed at their lowest in nearly 10 months on Tuesday, dragged down by banking and telecom shares, as concerns over rising interest rates and ongoing political instability weighed on sentiment. The Colombo stock index ended 0.45 percent lower at 6,134.41, its lowest close since April 4. “Not […]
Watch the West, Reach Out To The East: Stan Chart Economist
Jan 24, 2017 (LBO) – Sri Lanka should keep a keen eye on the developments in the West, the traditional export markets, but should reach out to the East for trade and investments, an economist said. Chief Economist of Standard Chartered Bank for Asia, David Mann was responding to LBO’s question on what should be Sri […]
Former Governor Mahendran “NOT” working at Ministry: Ravi
Jan 24, 2017 (LBO) – Sri Lanka’s Finance Minister has denied reports that former Governor of the Central Bank, Arjun Mahendran is attached to his ministry or the Central Bank, a statement said. “The Ministry of Finance wishes to inform that Arjun Mahendran, the former Governor of the Central Bank of Sri Lanka, is not working in […]
JVP calls Speaker to take over controversial bond investigations
Jan 24, 2017 (LBO) – Sri Lanka’s Marxist JVP today demanded that Speaker Karu Jayasuriya takes over the future course of action against the controversial bond issue under him. Speaking at the bond debate in Parliament, JVP leader Anura Kumara Dissanayake emphasized that they have no faith over the investigations of the government. “We propose […]
CA Sri Lanka joins Chartered Accountants Worldwide
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has become the eleventh member of international body Chartered Accountants Worldwide. CA Sri Lanka is the sixth Chartered Accountancy body to be awarded Associate membership to the organisation since it was launched in February 2013. As an Associate Member, CA Sri Lanka joins a […]
Sri Lankan rupee eases on importer dollar demand
Jan 24, 2017 (Reuters) – The Sri Lankan rupee eased on Tuesday as importer dollar demand outpaced mild greenback sales by exporters, while the market expects the downward pressure to continue until some steady foreign inflows come in, dealers said. Rupee forwards were active, with two-week forwards trading at 151.05/20 per dollar at 0615 GMT, […]
Sri Lanka returns to Spanish market after a decade
Sri Lanka made a significant impact at the 37th International Tourism Trade Fair (FITUR), in Madrid, Spain from 18th to 22nd January. This event, organized by IFEMA, brought together 9,672 tourism companies, institutions and bodies from 165 countries and regions making it the third largest tourism fair in Europe. Sri Lanka participated at this fair […]
USS Hopper visit signals growing bilateral cooperation with Sri Lanka
The USS Hopper (DDG 70) concluded its five-day port call to Colombo today as part of a visit to strengthen growing U. S.-Sri Lankan ties and express appreciation to the Sri Lankan Navy for its assistance during an emergency medical evacuation of a USS Hopper crewmember in September 2016. “Cooperation between our two countries’ naval […]
Sanjeev Gardiner Invests in Quintessentially Sri Lanka and Maldives
(PRESS RELEASE) – into Quintessentially Sri Lanka & The Maldives the world’s leading source of intelligence, access to and curated lifestyle services for the global premium audience. Quintessentially provides Colombo’s CEO’s, corporates, property moguls with access to more of what they love and get their invaluable time back. The dynamic and expert South East Asian team […]
Asiri Hospitals signs MoU with NITF for state sector employee healthcare packages
(PRESS RELEASE) – Beneficiaries of the National Insurance Trust Fund (NITF)’s healthcare services will now be eligible to seek treatment at any hospital under the Asiri Group of Hospitals following the recent signing of a memorandum of understanding (MoU) between the two organisations. As a result of the MoU, Asiri Group of Hospitals will now serve […]