Business

Two investors taken to court over market manipulation 

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June 26, 2019 11:34 am

The Securities and Exchange Commission of Sri Lanka (SEC) has filed action in the Magistrate’s Court, Colombo Fort against two investors on charges of market/price manipul...


Sri Lanka launches National Card Scheme

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June 25, 2019 11:21 am

Sri Lanka’s Central Bank (CB) together with LankaClear (Pvt) Ltd (LCPL) this week achieved a significant milestone in the country’s payment landscape by launching th...


Sri Lanka’s offers $2 bn International Sovereign Bond

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June 25, 2019 11:19 am

Sri Lanka’s Central Bank (CB), acting on behalf of the Government, on Monday returned to the US dollar bond markets, successfully pricing a new issuance of US$500 million ...


Standard Chartered secures repeat mandate from SriLankan Airlines for bond issue

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June 24, 2019 12:10 pm

Standard Chartered Bank (SCB) acting as the Joint Lead Manager and Joint Bookrunner recently successfully priced a US$175 million, five-year Fixed Rate Senior Unsecured Reg S is...


MOU between the STBC and TMC

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June 24, 2019 12:05 pm

The Sunday Times Business Club (STBC) and The Management Club (TMC) last week signed a Memorandum of Understanding (MOU) providing a host of benefits to both its members. ...


Using drone technology to transport drugs, blood across Sri Lanka

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June 20, 2019 09:56 am

When fatalities occur in parts of the country and things like surgical instruments, drugs and particularly blood are needed extra-urgently, if they cannot be supplied in the qui...


Colombo Port's new 17-storey head office worth US$20 mln

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June 17, 2019 01:16 pm

Sri Lanka Ports Authority (SLPA) will be setting up its new 17-storey head office building at a cost of US$20 million scheduled for completion in two years. Work on the ...


Alibaba files for HK listing that may raise $20 billion as soon as third quarter: source

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June 13, 2019 06:21 pm

HONG KONG (Reuters) - China’s biggest e-commerce company Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that could raise up to $20 billion as e...


Thai Tourism chief to visit Sri Lanka

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June 12, 2019 01:10 pm

The Governor of the Tourism Authority of Thailand accompanied by a group of outbound travel agents and journalists is to visit Sri Lanka shortly. The visit is to express solidar...


Shangri-La Hotel reopens on Wednesday

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June 11, 2019 06:54 am

Shangri-La Hotel, Colombo, badly damaged by the Easter Sunday April 21 attacks, will be reopening on Wednesday, June 12. The hotel, one out of three that were atta...


SriLankan Airlines is world’s most punctual airline once again

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June 07, 2019 09:28 am

SriLankan Airlines has “achieved the remarkable feat of being named the World’s Most Punctual Airline” yet again, with 90.75 per cent of its flights in May 201...


Suspension of Pan Asia primary dealership extended

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June 07, 2019 09:06 am

The Monetary Board of the Central Bank of Sri Lanka has decided to extend the suspension of business and activities of the primary dealer unit of Pan Asia Banking Corporation PL...


Tourist arrivals slump by 70% in May

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June 04, 2019 06:14 pm

Tourist arrivals to Sri Lanka slumped heavily by 70 per cent in May, largely due to visitors avoiding the country after the Easter Sunday attacks in April on three tourist hotel...


CCC concerned over law and order situation

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June 03, 2019 01:23 pm

The Ceylon Chamber of Commerce on Monday said it was deeply concerned about the possibility that events that threaten the law and order situation in the country, will unfold, Dh...


How Facebook fights false news

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June 03, 2019 12:11 pm

“Misinformation and false news are harmful to any community and make the world less informed. We take our responsibility to deal with misinformation and false news very se...


Hambantota Port responds to medical emergency on the high seas

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June 03, 2019 11:38 am

The Hambantota International Port (HIP) ran a rescue operation recently, on a 20k vessel which was on a 10,000 mile journey, sailing from Rotterdam to Shanghai.  Th...


Italy relaxes advisory against travel to Sri Lanka

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June 03, 2019 11:15 am

Italy has joined several countries including China and India in relaxing a travel ban to Sri Lanka. In a statement on June 3, the Italian Embassy in Sri Lanka said it has u...


‘Life Healing Centre’ set up at Katuwapitiya to offer Psychosocial Support for 4/21 victims 

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June 03, 2019 10:59 am

The ‘Life Healing Centre’, led by a team of certified professionals to provide psychosocial support to those affected by the tragic incidents of April 21, was set...


NatWealth Securities Ltd suspended by Central Bank

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June 03, 2019 10:47 am

NatWealth Securities Ltd (NWSL), a licensed Primary Dealer in the money markets, has been suspended by the Monetary Board of the Central Bank of Sri Lanka (CB) for six months wi...


SriLankan Airlines to resume services to Karachi

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May 31, 2019 02:42 pm

SriLankan Airlines is to resume services to Pakistan’s commercial capital Karachi tomorrow, June 1. Sri Lanka’s national carrier will operate five weekly flight...


Central Bank reduces policy interest rates

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May 31, 2019 09:46 am

The Central Bank on Friday announced a reduction in policy interest rates which is generally followed by commercial banks reducing their lending and borrowing rates, a step seen...


Several travel advisories on Sri Lanka softened

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May 29, 2019 12:04 pm

Several travel advisories by Switzerland, India, Germany and Sweden imposed against Sri Lanka in the aftermath of the ISIS militant bombings on April 21 have been softened this ...


Sunshine sells majority stake in Hatton Plantations

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May 28, 2019 04:56 pm

Sunshine Holdings’ divestiture on Tuesday of majority control of Hatton Plantations PLC, to Lotus Renewable Energy (Pvt) Ltd, is in line with the group’s strategy of...


#LoveSriLanka by the Sri Lanka Tourism Alliance 

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May 28, 2019 12:42 pm

In the wake of the Easter Sunday outrage, several hoteliers have came together to form the Sri Lanka Tourism Alliance, launching its #LoveSriLanka initiative on www.lovesrilanka...


SLL to install new equipment in 157 sites 

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May 28, 2019 12:13 pm

The Board of Investment (BOI) signed an agreement with Sri Lanka Telecom (SLT) recently aimed at installing new telecommunication equipment in 157 sites. This approval was also ...


Investor enthusiasm grows as Hela Clothing completes series A funding round

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May 28, 2019 12:01 pm

Sri Lankan apparel manufacturer, Hela Clothing Group, announced it has completed the balance of US$3.6 million from its Series A funding round bringing the total equity raised t...


National Insurance Trust Fund office relocates

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May 28, 2019 10:52 am

The National Insurance Trust Fund has relocated its head office to 95, Sir Chiththampalam A Gardiner Mawatha, Colombo 2 (next to Cinnamon Lakeside Hotel).  All serv...


Exporters urged to export more to make up for SL tourism losses

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May 27, 2019 02:11 pm

The Exporters’ Association of Sri Lanka (EASL) is encouraging its members to maximize their exports, mainly in the industrial sector; and in sectors such as fruits, vegeta...


CSE and SEC initiates effort to restore confidence among foreign investors 

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May 22, 2019 11:13 am

The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC), in a bold step to reassure foreign investors, recently organized an Invest Sri La...


SL battered biz community comes together with a pledge towards recovery

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May 22, 2019 09:47 am

By Quintus Perera Exactly a month after the Easter Sunday bombing, a 300-strong group of private sector businessmen representing nine business chambers in the country ga...




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