@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
1575 results found in 1704 ms
Page 2 of 53
The Asian Development Bank (ADB) is concentrating on developing nine sectors including infrastructure in Sri Lanka and the far eastern region including Vietnam, Cambodia and Laos to foster economic development. “Asian Development Bank has assisted sub regional economic cooperation in the Greater Mekong Sub region (GMS) to enhance their economic relations, covering nine priority ...
RAM Ratings Lanka has reaffirmed the respective long- and short-term financial institution ratings of Standard Chartered Bank – Sri Lanka Branch (SCBSL) at AAA and P1; the long-term rating has a stable outlook. The ratings are firmly anchored by the credit profile of Standard Chartered Bank PLC of the UK (SCB-UK) of which the Bank ...
The exchange of goods and services has been around for as long as civilisations themselves, if not longer. Humans, being extremely adaptive to their environments, have always found ways to utilise resources and build surplus. This surplus was then used to trade in order to obtain resources and goods that weren’t abundantly available. Evolution of ...
SINGAPORE (Reuters): Brent crude slipped under $114 a barrel on Tuesday, adding to steep losses in the previous session, as investors weighed the impact of the Federal Reserve’s open ended stimulus push on oil demand and eyed China’s next step to boost its economy. Brent crude fell more than $5 a barrel late on Monday ...
Tightening brakes on growth, Government data released yesterday showed the country has slowed to a two-and-a-half-year low, slipping from 7.9% in the first quarter to 6.4 % in the second when compared with the same period last year. A Reuters report noted that economic growth eased to 6.4 per cent in the second quarter ...
Reuters: The Central Bank is expected to keep interest rates steady for a fifth straight month on Tuesday despite high inflation to help bolster economic growth, which has been cooling due to sweeping policy measures and an extended drought. Twelve out of 13 analysts polled by Reuters expect the repurchase and reverse repurchase rates to ...
Reuters: The stock market rose to an eight-month high on Monday as institutional investors bought banks, a day ahead of the Central Bank’s September policy rates decision, which the market expects to be unchanged. The Colombo Stock Exchange’s main index ended 0.71 per cent, or 42.19 points, up at 5,969.09, its highest close since 4 ...
As part of investigations, the Criminal Investigations Department (CID) has begun questioning Pradeep Kariyawasam, the former Chairman of National Savings Bank (NSB), in connection with the controversial decision to invest in The Finance Company Plc (TFC), a move which was revoked subsequently. This is following the Commission to Investigate Allegations of Bribery and Corruption last ...
SINGAPORE (Reuters): Asian stocks touched their highest in more than four months on Monday and gold, oil and copper hovered near multi-month highs, after rallying late last week on hopes that fresh stimulus from the world’s top central banks will support flagging growth. The dollar languished near its lowest in seven months, as the aggressive ...
MUMBAI (Reuters): India’s Central Bank on Monday left interest rates unchanged but cut the cash reserve ratio for banks, saying the primary focus of monetary policy remains fighting inflation, days after the government unveiled a spree of reforms to boost growth and improve its fiscal position. The Reserve Bank of India left the policy repo ...
Former SEC Chief Tilak Karunaratne-linked Multiform Chemicals sells Rs. 10 m worth shares of Central Finance, NTB last week fetching Rs. 2.2m more than the value at which stocks were trading when he quit nearly a month ago The former Chairman of the Securities and Exchange Commission (SEC) Tilak Karunaratne could be still very vocal ...
Currently discussing new courses with local and international universities By Cheranka Mendis The training arm of SriLankan Airlines, International Aviation Academy (IAA), is on an aggressive expansion plan, launching its services overseas while concentrating on capacity development and local youth engagement to the industry. IAA, which provides International Airline Training Association (IA...
Fitch Ratings Lanka has affirmed Standard Chartered Bank, Sri Lanka Branch’s (SCBSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. SCBSL’s rating is at the highest of the national rating scale and reflects the credit profile and financial strength of its parent Standard Chartered Bank PLC (SCB). The rating is tied to SCB’s Issuer ...
Fitch Ratings Lanka has affirmed HSBC Sri Lanka Branch’s (HSBCSL) National Long-Term Rating at ‘AAA(lka)’.The Outlook is Stable. The rating reflects the financial strength of parent The Hong Kong and Shanghai Banking Corporation Limited (HKSB; ‘AA’/Negative), given that HSBCSL is a branch of HKSB and is part of the same legal entity as HKSB. Thus, ...
The Colombo stock market last week had one of the best bull runs on sentiments but according to Asia Wealth Management value investments still persists in the Bourse. Here are excerpts from Asia Wealth Management’s last week’s report on the stock market. The Colombo bourse soared during the week with the market registering 7.8% WoW ...
NEW YORK (Reuters): Comparing the Federal Reserve to a rehab clinic offering addicted investors a synthetic high has been a favorite of Wall Street wags ever since the first round of Fed stimulus nearly four years ago. The punch line is that you always need more and more to get the same high and each ...
US Assistant Secretary of State Robert O. Blake yesterday called on the Government to promote transparency and good governance in order to encourage more American investors. He told reporters at the end of his visit that investment could be encouraged if the Government took measures to improve the investment clime. A speech given by him ...
The place isn’t a paradise for minorities but the economy is recovering By Sam Baker Asuasentinel.com: The Government of Mahinda Rajapaksa in Sri Lanka has probably botched its dealings with the United States, the European Union and the United Nations. Still, the disenchantment with Colombo may be overblown three years after the end of the ...
By Saman Gunadasa World Socialist Web Site: A scandal over the manipulation of shares on the Colombo Stock Exchange has erupted in recent weeks, after former Sri Lankan Securities Exchange Commission (SEC) Chairman Thilak Karunaratne accused Government ministers of acting in league with speculators. Karunaratne was pressured by President Mahinda Rajapaksa to quit his position, ...
Top professional banker and HNB’s CEO Rajendra Theagarajah has been appointed to the Board of Carson Cumberbatch Plc as a Non Executive/Independent Director with effect from Wednesday. Following the latest appointment, the Board of Directors of Carson’s comprises Tilak De Zoysa (Chairman), H. Selvanathan (Deputy Chairman), Mano Selvanathan, Israel Paulraj, Chaminda Gunawardana, Suresh ...
Sampath Bank is going for a listed debenture issue of Rs. 2.5 billion. It plans to issue 15 million unsecured subordinated redeemable debentures at Rs. 100 each, with an option to issue a further 10 million debentures in the event the initial value is oversubscribed. The Colombo Stock Exchange has approved in principle Sampath Bank’s ...
Gain in Bourse’s collective value tops Rs. 400 b since year-to-date lowest level in early June Market cap short of Rs. 400 b to hit all-time-high figure of Rs. 2.6 trillion achieved on 2011 Valentine’s Day Demand for blue chips spearhead yesterday’s rally, joining retail-favoured second tier stocks ASI’s YTD dip now below 5% from 22% ...
Despite a reversal in the rate of exports decline and evidence of some improvement, Sri Lanka is actively moving to help its exporters to face the global downturn, with a challenging new $ 12 b export goal set for 2102. “Since you, the distinguished exporters, who account for nearly 80 per cent of Sri Lanka’s ...
Continuing in its commitment towards strengthening and adding value for customers, Nations Trust Bank PLC recently opened its seventh Foreign Exchange Service Branch at Traveller Global Pvt Ltd. in Kandy. The new foreign exchange branch is strategically located at a central and convenient point in the heart of Kandy and offers customers, sales and encashment ...
Commercial Bank of Ceylon has launched a programme in collaboration with the Central Bank of Sri Lanka to enhance entrepreneurship skills in the Small and Medium Scale Enterprise (SME) sector. The first seminar of this programme was held recently for entrepreneurs who are in the SME and Micro Enterprise sectors in Nuwara Eliya. Officials of ...
The Human Resources Research Program of Lirneasia has prepared and published a directory named “CHOICES – Higher Education Opportunities after A/Levels”. This directory gives out results of one of its researches, Lirneasia plans to carry out several in-depth researches into higher education field of subject. Lirneasia plans to make the directory available at major super ...
The global escalation of commodity prices in the latter part of last decade impacted Sri Lanka’s rice market, with retail prices showing sharp increases for the consumer. The regulatory forces with a ceiling on consumer prices and guaranteed price for paddy did alleviate this problem to some extent. Today it has taken a different turn ...
Reuters: Germany’s Constitutional Court gave a green light on Wednesday for the country to ratify the euro zone’s new bailout fund and budget pact, but insisted the German parliament have veto powers over any future increases in the size of the fund. The eagerly awaited verdict boosted global stocks and the euro currency as investors ...
The Colombo Bourse bounced back sharply yesterday, energised by a fresh round of buying interest in both blue chips as well as second tier stocks. The manner in which the Colombo Stock Exchange has been behaving of late – continuous foreign and institutional buying on blue chips and active play by retailers on low-value stocks ...
By Uditha Jayasinghe The Opposition yesterday called on the Government to promote economic good governance and complete investigations into the controversial deal between National Savings Bank (NSB) and The Finance Company (TFC). UNP MP and top economist Dr. Harsha de Silva at a press conference criticised the Government’s handling of the economy and insisted that ...