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Foreign investors show keen interest

Foreign investors show keen interest

🕔08:30, 25.Apr 2017

Sri Lanka’s stock market, the Colombo Stock Exchange (CSE), has garnered a keen interest among foreign institutional investors, with a surge in foreign activity contributing to a strong showing in both daily turnover levels and the performance of the stock

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CSE seeks views on Listing Rules of the CSE

CSE seeks views on Listing Rules of the CSE

🕔12:46, 18.Apr 2017

The Colombo Stock Exchange (CSE) seeks to obtain the views/observations of the general public and the stakeholders of the CSE, including Listed Companies, regarding the proposed amendments to certain Listing Rules of the CSE. The amendments have been proposed with

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Payment gateway provider to enter Sri Lanka

Payment gateway provider to enter Sri Lanka

🕔09:07, 17.Apr 2017

Razorpay, a payment gateway solution provider focused on online merchants, plans to go international. It is looking to enter South East Asia and West Asia markets in 2018-19, Harshil Mathur, co-founder, has said. “South East Asia and West Asia will

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SilkAir Launches Flights to Colombo, Sri Lanka

SilkAir Launches Flights to Colombo, Sri Lanka

🕔10:16, 10.Apr 2017

SilkAir has launched thrice-weekly flights to Colombo, Sri Lanka. The flights to Colombo are scheduled on Wednesdays, Thursdays and Saturdays. The flights will be operated with Boeing 737-800 aircraft, with both Business Class and Economy Class cabins. Customers onboard the

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Hilton signs landmark deal

Hilton signs landmark deal

🕔08:25, 6.Apr 2017

Hilton (HLT) signed six management agreements with Melwa Hotels and Resorts Private Limited to manage three Hilton Hotels and Resorts and three DoubleTree by Hilton properties in Sri Lanka. This latest milestone also marks the debut of the award-winning DoubleTree by Hilton

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CICT tops 2 million performance in Colombo

CICT tops 2 million performance in Colombo

🕔08:48, 30.Mar 2017

Colombo International Container Terminals Limited (CICT), part of China Merchants Port Holdings Company Limited, achieved a breakthrough of 2 million TEUs in 2016. China Merchants Port Holdings Managing Director Bai Jingtao said the Group’s project in Sri Lanka, said the actual

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Sri Lanka to woo Aussie, Kiwi investors

Sri Lanka to woo Aussie, Kiwi investors

🕔16:00, 15.Mar 2017

The Colombo Stock Exchange (CSE), in association with the Securities and Exchange Commission of Sri Lanka (SEC)and the Sri Lankan High Commission in Australia will host a series of ‘Invest Sri Lanka’ Forums in Australia and New Zealand (ANZ). The

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Metal/Alloy of 1, 5 Rupee coins change

Metal/Alloy of 1, 5 Rupee coins change

🕔23:57, 14.Mar 2017

The Central Bank of Sri Lanka says a new set of circulation coins of Rupee 1 and Rupees 5 will be issued to circulation after changing the metal/alloy from brass plated steel (gold colour) to stainless steel (silver colour). The edge

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New Zealand business delegation in Sri Lanka

New Zealand business delegation in Sri Lanka

🕔16:31, 6.Mar 2017

COLOMBO, March 6 (Xinhua) — A New Zealand business delegation arrived in Sri Lanka on Monday to further strengthen business links between the two countries. Led by New Zealand Food Safety Minister David Bennett, the delegation comprises some of New

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Drought-related costs add to Sri Lanka’s challenges

Drought-related costs add to Sri Lanka’s challenges

🕔11:56, 2.Mar 2017

Sri Lanka’s ambitious 2017 fiscal deficit target will be even more challenging to achieve as a result of the drough related costs, the Moody’s ratings agency said today. On Saturday, the Government announced that it will continue to provide compensation to households

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Norwegian pension fund doubles investment in Lanka

Norwegian pension fund doubles investment in Lanka

🕔11:47, 2.Mar 2017

Norwegian Government Pension Fund has more than doubled its investment in Sri Lanka by end of 2016, the Norwegian Embassy in Colombo said today. The Norwegian Government Pension Fund Global is a sovereign wealth fund, with a mandate to safeguard

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Srilankan Airlines takes delivery of its first A320neo

Srilankan Airlines takes delivery of its first A320neo

🕔15:21, 27.Feb 2017

Srilankan Airlines has taken delivery of its first A320neo on lease from Air Lease Corporation (NYSE: AL), making the airline the latest operator of the type. The delivery from Airbus’ facilities in Hamburg is the first of a fleet that’ll

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Carlsberg FY16 results hit by Sri Lanka floods

Carlsberg FY16 results hit by Sri Lanka floods

🕔21:32, 22.Feb 2017

Carlsberg Brewery Malaysia Bhd’s net profit for the fourth quarter ended Dec 31, 2016 fell 36.81% to RM47.07 million from RM74.48 million a year ago due to losses caused by floods in Sri Lanka. In a filing with Bursa Malaysia

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Sri Lanka seeks support to improve export market

Sri Lanka seeks support to improve export market

🕔16:25, 21.Feb 2017

The Government today said that it needs to improve Sri Lanka’s exports by tapping new markets. Minister of International Trade Malik Samarawickrama told Parliament that Sri Lanka needs to look at new markets as the traditional markets have not helped Sri

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South Asian Stock Exchanges to meet in Colombo

South Asian Stock Exchanges to meet in Colombo

🕔11:32, 14.Feb 2017

The Colombo Stock Exchange (CSE) will host the Executive Committee Board Meeting for the current term of the South Asian Federation of Exchanges (SAFE) on the 27th of February 2017. Chief Executives of Stock Exchanges in South Asia will attend

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Sri Lanka to strengthen cooperation with EU bank

Sri Lanka to strengthen cooperation with EU bank

🕔15:48, 23.Jan 2017

Sri Lanka is to strengthen cooperation with the  European Investment Bank, the bank said in a statement today. The European Investment Bank is to provide EUR 50 million to support improvement and expansion of sewage networks across the Sri Lankan capital

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Hayleys to build mega Twin Towers

Hayleys to build mega Twin Towers

🕔08:31, 28.Dec 2016

The Hayleys group, Sri Lanka’s most diversified conglomerate and pioneer in value added exports, yesterday announced its latest venture, the ‘World Export Centre’, a state of the art “A” Grade office Twin Towers, with 55 floors each, having 3.8 million

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Sri Lanka expects 2.2 million visitors for 2016

Sri Lanka expects 2.2 million visitors for 2016

🕔18:25, 28.Nov 2016

Sri Lanka said it expects 2.2 million visitors in 2016, which would be a 26% growth compared with 2015. Sri Lanka’s Tourism Authority said that the country has welcomed 1.7 million visitors as of October, a 14.6% increase compared with

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Mövenpick hotel GM confident of tourism market

Mövenpick hotel GM confident of tourism market

🕔12:30, 26.Nov 2016

With Sri Lanka’s post war tourism boom set to reach higher ground over the next few years, more and more hotels are coming up in the city and in other parts of the country. Softlogic Holdings PLC will be opening

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Relaxed laws for foreign property owners

Relaxed laws for foreign property owners

🕔12:15, 26.Nov 2016

Breaking news this month is sending a wave across Sri Lanka and the world – the 2017 budget has been announced, and leading property portal Lamudi claims,it’s great news for real estate! Following the end of the war, Sri Lanka’s

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