Sri Lankan rupee hits fresh low for 6th straight session; stocks down
Reuters – ** The Sri Lankan rupee hit a record low for a sixth straight session on Wednesday as importers and foreign banks bought the dollar amid outflows from government securities, while stocks...
View Article“The CSE will have smiles on their faces soon” – PM Wickremesinghe in London
Sri Lanka’s Prime Minister Ranil Wickremesinghe had recently said that the Colombo Stock Exchange (CSE) will have smiles on their faces soon, referring to a possible return of biggest private sector...
View ArticleInaugural event of “The Indian Ocean: Defining our Future” Conference was...
The inaugural event of “The Indian Ocean: Defining our Future” Conference, which aims to create a platform for Indian Ocean littoral states and major maritime users to discuss issues of mutual...
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Huawei and Audi Announce Joint Innovation in L4 Automatic Driving
[Shanghai, China, October 11, 2018] At HUAWEI CONNECT 2018, today Huawei and Audi show their future plans of a cooperation in the field of intelligent connected vehicles (ICV), featuring the new Audi...
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Dialog Enterprise Rotary Metro Par 3 Golf Classic 2018
Dialog Enterprise supports the Rotary Club of Colombo Metropolitan community service projects The Rotary Club of Colombo Metropolitan in partnership Dialog Enterprise presents the Par 3 Golf Classic,...
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CBSL directs authorized dealers not to release Forex for non-essential...
Amidst day by day falling rupee against several major currencies whilst US Dollar had hit Rs. 172 level and Euro had hit Rs. 201 level, Sri Lanka’s financial market regulator Central bank of Sri Lanka...
View ArticleOver 20 Funds and Institutional Investors at Edinburgh Invest Sri Lanka Forum
The Invest Sri Lanka forum that was held at the Waldorf Astoria in Edinburgh yesterday had witnessed over 20 funds and institutional investors based in Scotland attending, whilst Sri Lanka’s capital...
View ArticleSouth Asia Textiles wins Silver at NCE Export Awards 2018
South Asia Textiles Limited, a leading Sri Lankan textile manufacturer specialized in producing exceptional quality weft knitted fabric for leading global brands such as Victoria Secret, Next, Marks...
View ArticleSri Lankan rupee edges up; stocks down for third session
Reuters – ** The Sri Lankan rupee ended slightly higher on Thursday, easing from a record low hit in the previous session, as exporters dollar sales surpassed importer demand for the greenback in dull...
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CB Responds to Misleading Newspaper Articles on Rupee Depreciation
The Central Bank of Sri Lanka (CBSL) wishes to make the following statement in relation to the article titled “Government and CB have abdicated vital statutory duty by not being able to deal with...
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Global Sporting Retailer, Decathlon, opens 1st store at Battaramulla to make...
Opening up a whole new world of sports innovation for Sri Lanka, Decathlon Sri Lanka has launched its first store at Battaramulla on 13th October 2018, located at 260/1, Pannipitiya Road,...
View ArticleStart-up economy is a ‘Ponzi scheme,’ says Chamath Palihapitiya
Palihapitiya said he decided to make drastic changes to Social Capital after becoming “fundamentally not happy.” The investor said he’s taking Social Capital back to its roots by focusing on long-term...
View ArticlePakistan, Sri Lanka Lead Asia Bond Drop; BNY Mellon Awaits Value
Sovereign bonds of Pakistan, Sri Lanka and Indonesia bore the brunt of a sell-off in EM Asian dollar bonds on Thursday as a rout in U.S. stocks spread to equities in the region. BNY Mellon Investment...
View ArticleMicrosoft concludes annual South East Asia New Markets Partner Summit
Microsoft held its third annual Southeast Asia New Markets Partner Summit, bringing together 160+ regional/global partner leaders from 14 markets consisting of Bangladesh, Bhutan, Brunei, Cambodia,...
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The Ministry of Mahaweli Development & Environment and Biodiversity Sri Lanka...
The Ministry of Mahaweli Development and Environment and Biodiversity Sri Lanka signed a joint Memorandum of Understanding recently to use their combined comparative advantages for biodiversity...
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The Road Development Authority, Coca-Cola and Eco-Spindles launch the ‘Give...
Demonstrating its commitment to ‘Give Back Life’ to PET plastic bottles, Coca-Cola Beverages Sri Lanka Ltd. along with the Road Development Authority (RDA) and Eco-Spindles Pvt Ltd. ( part of BPPL...
View ArticleSri Lankan rupee rises on exporter dollar sales; stocks extend falls
Reuters – The Sri Lankan rupee strengthened 0.5 percent on Friday, as inward remittances and exporters dollar sales surpassed mild importer demand for the greenback, while stocks declined for a fourth...
View ArticleVenora Lanka Power Panels (Pvt.) Ltd. launches its products in Ethiopia
Venora Lanka Power Panels (Pvt.) Ltd., manufacturer of power panels to mega projects in Sri Lanka and abroad has launched its products in the Ethiopian market. The Venora products were launched under...
View ArticleInvest Sri Lanka Promotion in UK concludes with the first-ever event in Scotland
The Invest Sri Lanka capital market road show organized by the Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission of Sri Lanka (SEC) concluded on a positive note...
View ArticleHigh net worth investor Nimal Perera back in the Stock Market – Report
Once famous Sri Lanka’s one of the top traders in the market and former mergers and acquisitions advisor to billionaire Dhammika Perera, Nimal Perera had returned to Sri Lanka’s stock market again...
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