Dambulla Cricket ground to get a new flood light system Sri Lanka Cricket has decided to either upgrade...
Dubai based souvenir firm looking for more Sri Lankan suppliers Dubai based Fakih Collection, a souvenir firm is...
By: Prasanna C. Rodrigo
Bank of Ceylon on Monday has raised US$ 500 million via a five year tenor dollar bond issue, which has been oversubscribed by 6.8 times.
The notes has been priced at 5.325-pct.
The Bank’s initial aim has been only to raise US$ 300 million via this offer, but has up-sized the issue owing to [...]
The basic wage of a Sri Lankan plantation worker has been raised by 20% by the plantation firms, thus resulting in a worker getting a Rs. 620 daily wage, starting from the 1st of April.
Before the increase, the workers only received a basic daily wage of Rs. 515
The two year collective agreement was signed between [...]
Sri Lanka’s weekly treasury bill auction held today saw the three month and the one year tenor bill rates remaining static, same as the last weeks rate, while bids for the six month tenor bills has not been accepted at the auction.
Accordingly, the three month rate remained at 9.26-pct while the one year rate remained [...]
Sri Lanka’s trade deficit during the month of January has come down to US$ 780 million from US$ 1 billion remained an year ago, thus recording an year on year decline of 24-pct.
“The policy measures implemented early in 2012 to discourage non-essential imports have continued to ease pressure on the trade deficit and therefore on [...]
By: Prasanna C. Rodrigo
Sri Lanka is planning to hold an Exploration and Production Symposium in the Island nation during mid this year.
“We will move ahead with planning and organizing an invitation-only E&P Symposium here in Sri Lanka close to mid-year”, the Head of the Petroleum Resources Development Secretariat of the country, Saliya [...]
Sri Lanka’s weekly Treasury bill auction held today, saw the one year rate climbing up by 9 basis points to stand at 11.35-pct from last week’s rate of 11.26%.
The three month tenor bills have moved up by just 4 basis points from the previous week’s rate to reach 9.26-pct.
The Bank did not give any details [...]
European Investment Bank has agreed to provide a Euro 90 million loan to Sri Lanka to finance the development of the country’s SME and the Green Energy sectors.
Cabinet of Ministers has given its approval to proceed with the activities relating to loan arrangements with the European Investment Bank.
The proposal has been brought to the cabinet [...]
Sri Lanka’s treasury bill rates moved up at the weekly auction conducted today, with the six month tenor bills rising the most by 10 basis points to stand at 10.25-pct.
The three month bill rates moved up to 9.22-pct from the last weeks rate of 9.16-pct, while the one year rate moved up by 7 basis [...]
Sri Lanka has raised US$ 129 million by selling 3 year tenor ‘Development Bonds’ at a market determined rate of US$ 6 month LIBOR + 400 bps.
Central Bank, called bids to raise US$ 50 million, but the offer has been oversubscribed by 2.6 times.
“Accordingly, with the intention of providing an opportunity for investors to invest [...]
Central Bank of Sri Lanka has launched a new book under the title of ‘Economics Principles and Policies, to help improve the economic and financial knowledge of the public.
CBSL says, the book written in Sinhala provides a step-by-step analysis of theoretical and practical aspects of the activities of the economy based on micro, macro, financial, [...]
Sri Lankan cricketers meet young cricketers in London
Malinga at his best
Sri Lankan First Lady visits a kindergarten in China
Sri Lankan President visits historic Chinese Temple
Lankan cricketers depart to England
Sri Lanka celebrates the Vesak Festival
President inspects vegetables grown at ‘President’s House’ in Kandy