Ceylon Asset Management launches ‘Ceylon Dollar Bond Fund’ to attract foreign investments into Sri Lanka dollar bonds. In a giant step to internationalize the investment industry in Sri Lanka, which has thus far been restricted to rupee investments, the Securities & Exchange Commission (SEC) licensed the country’s first ever dollar denominated unit trust with the approval of Central Bank and Ministry of Finance.
It is often said that behind every successful career woman (or man, if it is grammatically correct) is a mentor.
The Commercial High Court yesterday ordered former Touchwood PLC Chairman/CEO Lanka...
Significant concerns have been raised over Sri Lankan Internet service providers (ISPs) blocking news-related websites. Currently, there are two ISPs listed in the Colombo Stock Exchange.
The International Monetary Fund (IMF) urged the authorities to closely watch the inflation and get ready for a rate hike as the long lag between the monetary policy actions and their effects in Sri Lanka could push the inflation up.
Further easing of the monetary policy may not solve the problem of extremely low private credit growth, which fell to more than a four-and-a-half-year low of 2.2 percent in May 2014, compared with 3.3 percent a month earlier, according to Standard Chartered Bank (StanChart).
Sri Lanka’s short-term debt obligations against its official reserves - a measure of the country’s external sector vulnerability - still remains elevated but the United States-based rating agency said it was.......
In today’s climate of corporate down-sizing, professionals find themselves taking on more and more responsibilities. This work gives readers a creative alternative to working harder over longer hours.
The article published last week addressed the responsibilities of investors. We discussed the benefits of working with your investment advisor and familiarizing yourselves on the performance of the company.
Market regulator, Securities and Exchange Commission (SEC) has asked stockbrokers to reduce interest rates charged on broker credit and margin trading in line with policy interest rates of the Central Bank.
The International Monetary Fund warned Thursday that geopolitical risks in Ukraine and the Middle East are looming over a global economy already hit by slowdowns in the US and China.
The latest premium flagship waterproof smartphone designed by Sony, the ‘Xperia Z2’ was unveiled to the local market recently in Colombo by Singer Sri Lanka Plc, laying a pedestal to the partnership with Sony Electronic Singapore Private Limited.
During the first three weeks of July the All Share Price Index (ASPI) has continuously gained increasing by 343 points with one single day been the exception in which the index lost just 20 points.
After years of stagnation, Sri Lanka for the first time will open up its derivatives market particularly for foreign exchange, before the end of this year, according to a top official of the Sri Lanka Forex Association (SLFA).
Recently someone contacted me to find out if I knew of anyone who could be recommended to manage their hotel.
Apparently, the owners had looked at several candidates and found none to be a suitable fit.
As in many other instances, the country’s two most prominent official economic institutions—the Treasury and the Central Bank recently gave two different per capita income targets to be achieved in 2020, leaving the public to wonder which one is the correct figure.
Richard Pieris group finance arm, Richard Pieris Arpico Finance Limited (Arpico Finance) yesterday announced the setting up of charging centres at all Arpico Super Centre outlets, starting August 2014, to cater the growing number of electric cars on local roads.
The Department of Registrar of Companies has completed its transition towards the age of information technology and is finally operating for more than a pittance, according to Minister of Industry and Commerce Rishard Bathiudeen’s address to the parliament on July 11.
The world’s largest submarine sandwich chain, Subway officially opened its first store in Sri Lanka yesterday and announced they would provide the opportunity for local entrepreneurs to open outlets under the franchise to rapidly grow its chain of stores throughout the country.
Children of today are very intelligent and smart, and they become individuals from a very early age, with aspirations of who they want to become, what they want to do, and where they want to go. Therefore it is very important that we teach them about how to interact and live in this world from a very young age.
Global activity in the 1st quarter strengthened and was expected to improve further, according to the April 2014 WEO, with much of the impetus for growth coming from advanced economies.
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