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Published on Jun 21, 2023 11:00:26 AM by Trader's Life
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Foreign Exchange Reserves in Sri Lanka increased to 935708.40 in July of 2012 from 805876.40 in June of 2012, according to a report released by the Central Bank Of Sri Lanka. Historically, from 1975 until 2012, Sri Lanka Foreign Exchange Reserves averaged 132788.44 reaching an all time high of 935708.40 in July of 2012 and a record low of 437.10 in January of 1975. This page includes a chart with ...
Treasury expectsinflation to fall below 9% after September Annual inflation eased due to drop in food prices: CB Reuters: Sri Lanka’s inflation rate in September eased to 9.1% from a year earlier, moderating further from July’s near-record high as food prices fell. Analysts polled by Reuters had expected annual inflation to ease to 9.2% from ...
Countries have achieved sustained growth and development by adopting a range of approaches. Successful outcomes have come from policies varying from state capitalism to those based on market-driven private sector-oriented models. A high premium needs to be attached to the pursuit of pragmatic policies that are appropriate for country-specific conditions at a given point in ...
Reuters: Iran’s President said on Wednesday his country was under constant threat of military action from “uncivilised Zionists” and called for a new world order not dominated by Western powers in the service of “the devil.” In his eighth and likely final address to the U.N. General Assembly’s annual gathering of world leaders, Mahmoud Ahmadinejad ...
Reuters: The race for president focused squarely on the battle for working-class votes on Wednesday, as Republican Mitt Romney scrambled to make up ground on Democratic President Barack Obama in the crucial battleground state of Ohio. On a day when the rivals held dueling events across the state, Romney mixed empathy for the unemployed – ...
Cabinet approval has been granted for the Appropriation Bill for the financial year 2013, with the first reading to be done on 9 October. The Appropriation Bill was presented by President Mahinda Rajapaksa as Minister of Finance to the Cabinet. It is to be submitted to Parliament after being gazetted, Cabinet Spokesman Minister Keheliya Rambukwella ...
Reuters: The rupee strengthened on Thursday as banks sold dollars on stock related inflows, dealers said. The rupee closed 1.1 per cent firmer at 129.40/70 to the dollar compared with Wednesday’s close of 130.90/131. “The rupee stretched on heavy equity market inflows and we have seen exporters selling following the banks selling,” said a currency ...
Confirming that sound investment strategies could pay off handsomely NDB Group yesterday announced it will receive $ 59 million (around Rs. 7.7 billion at current exchange rate) from its deal with AIA. “The net receipts of US$ 59 m, arising out of these transactions, give an opportunity for the NDB Group to further strengthen the ...
In biggest-ever industry deal, Asian insurance giant AIA enters Sri Lanka with $ 109 m investment to buy 92.3% stake in Aviva NDB Insurance Says timing is perfect as post-war rebounding Sri Lanka offers high growth opportunity; AIA’s first acquisition in two years after rigorous assessment Enters into 20-year bancassurance deal with NDB Marking the ...
A fusion of glamour and festivities awaits guests at the annual gala dinner organised by the Sri Lanka India Society to celebrate India’s Independence Day. The celebratory dinner will be held today from 6. 45p.m. at Taj Samudra. The Chief Guest at the dinner will be High Commissioner of India to Sri Lanka Ashok K. ...
Sampath Bank is launching a five year debenture worth of Rs. 1.5 billion with an option to increase it by a further Rs. 1 billion if the issue is oversubscribed. The issue will be opened on Thursday 4 October. The debentures have been rated A + (lka) by Fitch Rating (Lanka) Limited and will be ...
Celebrating ties between China and Sri Lanka, the Sri Lanka-China Journalists Forum in collaboration with Embassy of China will present China Nanjing Little Red Flowers Children’s Art Troupe for the first time in Sri Lanka as ‘Red Flowers on Stage’ on 30 September and 1 October at the Nelum Pokuna Mahinda Rajapaksa Theatre. The exclusive ...
Although the Asian region is better prepared for economic turmoil than it was a decade ago, high levels of financial, trade and investment integration with the Western economies ensure that no country is immune to the effects of the Eurozone debt crisis. While most of the European Union (EU) economies struggle to design new austerity measures to ...
Top experts shared their secrets with more than 350 photography enthusiasts who gathered recently at the full-day seminar and workshop ‘The Big Click’ organised to enlighten on the newest technologies and skills on photography, held by Metropolitan Office Ltd., the sole authorised distributor for Canon cameras in Sri Lanka. At the event, Teoh Peng Kee, ...
Half my life I have been a guy who’s a sandwich shy of a picnic. The other half has been one big picnic. It mutates life into one phenomenal contradiction. An ad man of the Pimpernel mould, shy of the cocktail circuit, has to be a first in the showbiz of the biz world. But ...
With the rejection of the Cabinet decision proposed to resolve the problem of university academics, the issue seems to be dragging without a settlement. The lecturers’ main demands are a salary increase, increase in Government funding of the education system to 6% of GDP (Gross Domestic Product), end to political interference in education, and establishment ...
Sri Lanka has been able to attract US$ 452 million as foreign direct investments (FDIs) by the end of June this year, as opposed to US$ 413 million in the first six months of 2011, a government minister said.
World-famous Amanresorts Chairman Adrian Zecha has expressed his bullishness in post-war rebound in Sri Lanka’s tourism, which has encouraged him to explore fresh opportunities for expansion. “The post-conflict economic development process is visible everywhere in Sri Lanka. Our resorts in Sri Lanka were not economically viable during the pre-conflict period. But thanks to the peace, ....
What is tipped to be the biggest single largest sole foreign investor project the $ 460 million Krrish Square at Transworks House in Fort will start selling luxury condominium units from today, the Indian promoters disclosed last night. Launching to media and corporates separately, the Krrish Square on the four-acre land area is a mixed ...
Lipton Tea has reached another milestone in Sri Lanka with their latest range of flavoured tea being added to the product portfolio. The company launched three new black tea flavours which include – Earl Grey, Lemon and English Breakfast. Also the re-launch of new packaging and communication of the popular Lipton Clear Green variants – ...
As Sri Lanka’s exports under APTA grew more than three-fold by 2011’s end, the country is suddenly realising the importance of the promising sunrise FMCG segment in the 2.5 billion strong APTA markets led by APTA’s market giant, China. And in the aftermath of Pure Ceylon Tea international brand initiative, Sri Lanka is now beginning ...
Asian Development Bank (ADB) Vice President Xiaoyu Zhao has declared that Sri Lanka has big potential than any other country in Asia to become the most viable and attractive regional economic hub. “Strategic location, post conflict infrastructure development initiatives, peace and stability, high economic growth and able leadership are the main factors behind these potential,” ...
Reuters: Sri Lankan stocks ended slightly firmer on Wednesday as investors picked up banking and diversified shares while block deals pushed turnovers to an eight-month high, dealers said, while the rupee firmed as banks sold dollars. The Colombo Stock Exchange’s main index, or all share price index (ASPI), ended 0.29%, or 17.47 points, higher at ...
The Consulate General of Sri Lanka Dubai M.M. Abdul Raheem visited Hamriyah Free Zone Authority this week and met with Director General Dr. Rashid Alleem to strengthen bilateral business association and investment promotion between the two countries. During his meeting Raheem highlighted the investment potential and business environment for Sri Lankan business community. Sri Lanka ...
Streaming TV on the mobile phone, receiving live cricket updates, surfing websites and downloading games and wallpaper has received a speed-boost in Sri Lanka, thanks to Dialog and Opera Software joining forces to create a co-branded Opera Mini browser for millions of Dialog subscribers. Opera Mini is one of the world’s most popular browsers used ...
The Securities and Exchange Commission of Sri Lanka (SEC) conducts many financial literacy programs targeting school children aimed at enhancing their knowledge on the capital market. This year the SEC conducted a television quiz program with the participation of Sinhala medium Advanced Level Commerce students at a Provincial level. The finals of the television quiz ...