Advertising SL Breaking News Disclaimer About Us Informing the Sri Lankan community globally since 1997 XML
17 Years

Latest Finance News .....
Updated around the clock
Last Updated = Sat, Nov 28, 2015, 12:29 am SL Time

* Maximum Loan-To-Value Ratio for vehicles reduced to 70 percent again

Nov 27 (CP) Colombo- Leasing for motor vehicles allowed up to 70 percent of total value of vehicle with effect from December 01, the Central Bank of Sri Lanka said. This is the third time the Loan-to-value (LTV) ratio was changed within nearly three months.
[Full Story]

* Seminar on 'Bilateral Trade between Sri Lanka and Netherlands' tomorrow

Nov 26 (CP) Colombo- The National Chamber of Commerce of Sri Lanka (NCCSL) will hold a session on "Bilateral Trade between Sri Lanka and The Netherlands" tomorrow.
[Full Story]

* 12 Reasons to Visit Sri Lanka in 2016

Nov 27 (Huffington Post) This tiny island nation has always been ever so slightly overshadowed by a bigger and much more glamorous cousin, India. But it is being overlooked no more; Sri Lanka tourism saw a 19.8% increase from 2013 to 2014, and a 17.9% increase from 2014 to 2015.
[Full Story]

* Finance industry hugely welcomes removal of share transaction levy

Nov 27 (Island) Budget 2016 presented in parliament by Finance Minister Ravi Karunanayake will give a big boost to the capital market, finance industry analysts said.
[Full Story]

* Lowe Sri Lanka’s brand portfolio wins big at SLIM Awards

Nov 27 (DM) Lowe Sri Lanka celebrated the success of its partners at the 14th annual SLIM Brand Excellence Awards held recently.
[Full Story]

* Sri Lankan shares post 4-1/2 month closing low on budget worries

Nov 26 (Reuters) Sri Lankan shares closed at their lowest in four-and-a-half months on Thursday on worries earnings of financial firms would fall after the new budget proposals announced last week were implemented.
[Full Story]

* Ceyoka’s specialised waterproofing solutions meet rigorous demands of prestigious projects

Nov 26 (Island) Having contented atmosphere around you especially during rainy seasons is crucial in keeping a house or a building dry, making it more comfortable to work or live in and to protect internal fixtures and fittings inside from damage as a result of excess humidity or exposure to water.
[Full Story]

* Wilkins Group opens US$ 3 m factory at Mawaramandiya

Nov 26 (DN) Wilkins Spence Sri Lanka, a subsidiary of the Wilkins Group UK, opened its state-of-the-art factory to produce retail packaging solutions in Mawaramandiya. The opening was attended by the Board of Directors of Wilkins Group UK, dignitaries and factory officials.
[Full Story]

* Colombo Stock Exchange establishes a Central Counter Party

Nov 26 (CP) Colombo- Sri Lanka's bourse, the Colombo Stock Exchange (CSE) announced the proposed establishment of an Institution to act as a Central Counterparty for all secondary market transactions on the CSE.
[Full Story]

* Strong commercial relationship is a win-win for both Sri Lanka and UK - British envoy

Nov 26 (CP) Colombo- The United Kingdom believes that a strong commercial relationship between Sri Lanka and the UK is a win-win for both countries, the British High Commissioner James Dauris said. Speaking at the National Chamber of Commerce's Business Excellence Awards 2015 Ceremony as the Chief Guest High Commissioner Dauris said the UK exports to Sri Lanka were up 44 percent in the first nine months of this year.
[Full Story]

* Sri Lankan shares fall to 4-1/2 month closing low on budget worries

Nov 27 (Reuters) Sri Lankan shares edged down and closed at their lowest in four-and-a-half months on Friday on worries earnings of financial firms would fall after the new budget proposals announced last week were implemented.
[Full Story]

* Price formula for petroleum products soon - Chandima

Nov 27 (DN) A price formula for petroleum products will be introduced soon aiming to provide relief to customers with the drastic price drop of crude oil in the world market, Petroleum and Petroleum Gas Minister Chandima Weerakkody said.
[Full Story]

* Colombo International Financial Centre requires right talent: experts

Nov 27 (LBO) Sri Lanka’s plans to set up an international financial district bodes well for financial sector development and should be set up with the right talent in place, experts said.
[Full Story]

* Tax revisions in Budget mostly negative for apparels: industry body

Nov 26 (DM) The tax revisions in the 2016 Budget are likely to have negative impacts on the apparel exports of Sri Lanka, while locals may not be able to afford locally-made garments, an apex industry body said.
[Full Story]

* Colombo Stock Exchange moving ahead with CCP

Nov 26 (LBO) The Colombo Stock Exchange is moving ahead with setting up the Central Counter Party institution for secondary market transactions, the bourse said on Thursday. This system will allow delivery upon settlement and establishing a derivatives market including short selling
[Full Story]

24 / 7 Update
Send your Feedback
Copyright (c) 1997,2015 by (LLC)