Sri Lanka rupee hits record low for 4th session; stocks gain
Reuters – The Sri Lankan rupee hit a record low for a fourth straight session on Monday due to dollar demand from importers and foreign banks amid outflows from government securities, while stocks...
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Sri Lanka Unemployment up from 4.2% to 4.6% in Second Quarter of 2018
Sri Lanka’s unemployment rate has increased by over 9.5% in a six months period from 4.2% (Annual) in 2017 to 4.6% by the second quarter of 2018, latest data outlines. Further Unemployment Rate...
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Sri Lanka Trade Balance Further Expanded in July 2018
Lately released external sector data highlights that, Sri Lanka’s external sector recorded a moderate performance in July 2018. The trade deficit continued to widen in July 2018 (year-on-year) with...
View ArticleSociety of Indian Automobile Manufacturers’ hold Cordial Meeting with The...
A twenty member delegation from the Society of Indian Automobile Manufacturers’ (SIAM) held a very fruitful and cordial meeting with The Ceylon Motor Traders’ Association (CMTA) last week. SIAM is...
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Sri Lankan Rupee depreciated by 10.2% from 1st January to 8th October 2018
The Sri Lankan rupee depreciated by 10.2 per cent against the US dollar in the year up to 08 October 2018, latest external sector data shows. Furthermore, reflecting cross currency movements, the Sri...
View ArticleDankotuwa Porcelain re-introduces Laklain locally
Dankotuwa Porcelain PLC, renowned for its luxurious and elegant porcelain tableware, recently re-introduced its value-for-money heritage brand Laklain to the local market. Now available with several...
View ArticleAmana Bank to host Kids Carnival to mark Children’s Day
In celebration of World Children’s Day, Amãna Bank will be hosting a Kids Carnival exclusively for the Bank’s Children’s Savings Account holders to enjoy a day filled with fun, games and laughter....
View ArticleHNB Grameen announces corporate name change to HNB Finance
In response to the changes of the Company’s position as a major financial institution that provides a more comprehensive range of financial solutions strengthened by 18 years of market expertise and...
View ArticleEFL awarded for Delivery Excellence by Huawei
Expolanka Freight (Pvt) Ltd was recognized for its supply chain solution management and Delivery Excellence in addition to its ability to meet demanding project deadlines in a timely and flexible...
View ArticleJLL Lanka hails deregulation of real estate market as boost for foreign...
Real estate consultancy JLL Lanka this week commended the passing of recent legislation pertaining to foreign ownership of land in Sri Lanka, noting that the move will provide a much-needed boost to...
View ArticleNabeel Hamza creates history – tops global shipping academic rankings
A Sri Lankan emerged with the top marks in the world across two subjects in the 2017/18 academic year examinations conducted by the Institute of Chartered Shipbrokers, UK (ICS UK). Nabeel Hamza will...
View ArticleAccess Residencies unveils exquisite waterfront property ‘Aquaria’
‘Aquaria’ by Access Residencies, a member of the Access Group specialised in property development, is an exquisite waterfront property conveniently located at No.160/20, Kirimandala Mawatha, Colombo...
View ArticleSri Lanka Inter School Sports Festival protected by Sri Lanka Insurance
Sri Lanka Insurance, the insurance giant in Sri Lanka announced as the official insurance partner for the 34th Inter School Sports Festival. The event took place at Sugathadasa Stadium from 01st to...
View ArticleSriLankan Airlines receives prestigious Four Star rating for the second...
SriLankan Airlines was honoured with a prestigious Four Star Rating in the Major Regional Airline category by the Airline Passenger Experience Association (APEX) for the second year running. APEX...
View ArticleSri Lankan rupee hits fresh low for 5th straight session; stocks down
Reuters – ** The Sri Lankan rupee hit a record low for a fifth straight session on Tuesday on strong dollar demand from importers and foreign banks amid outflows from government securities, while...
View ArticleSri Lanka to sell hotel stakes, possibly within six months
Reuters – Sri Lanka plans to put two state-owned hotel companies up for sale within the next six months in a sale that could raise $500 million for the island nation as it seeks to bolster its...
View ArticleFitch Assigns Dialog Finance First-Time ‘AA(lka)’ Rating; Outlook Stable
Fitch Ratings Lanka Limited has assigned Dialog Finance PLC (DF) a National Long-Term Rating of ‘AA(lka)’. The Outlook is Stable. KEY RATING DRIVERS NATIONAL RATINGS DF’s rating reflects Fitch’s...
View ArticleBritish newlyweds got so drunk on luxury honeymoon in Sri Lanka they bought...
Mirror – Gina Lyons, 33, and Mark Lee, 35, from London, decided to purchase a rustic hotel after drinking rum on the beach while on holiday – and have renamed it ‘Lucky Beach Tangalle’ A pair of...
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Illicit Tobacco: Tackling the Threat to National Law and Order
RIU – Increasingly the illicit tobacco network is becoming a threat to national law and order as well as security. Benefitting from access to new markets with different legal and cultural conditions,...
View ArticleInvest Sri Lanka Forum in London draws interest and engagement among UK...
A large gathering of Institutional Investors based in London showed a keen interest in investing in Sri Lankan equities while attending an Invest Sri Lanka Forum held at the London Stock Exchange...
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