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Category: Colombo Stoke Exchange [CSE] Today

  • National Development Bank (NDB) Debenture issue is Oversubscribed

    National Development Bank (NDB) Announces that an issue of 50’000,000 Basel iii compliant – Tier 2 listed rated unsecured subordinated Redeemable debentures with a non – viability conversion (Debentures), at the par value of LKR 100/- each to raise LKR 5,000,000,000/- . With the prevailing economic situation, investment avenues are narrows and Central Bank of…

  • Sri Lanka’s first pharma zone to open with US$ 10 million investment

    I The Stale Pharmaceuticals Manufacturing Corporation of Sri Lanka (SPMC) and Pharma Zone (Pvt) Ltd entered into an agreement on January 8, 2018, to build the first ever exclusive pharmaceutical manufacturing zone of Sri Lanka at Welipenna in the Kalutara district with an investment in excess of US $ 10 million. Pharma Zone (Pvt) Ltd…

  • Car registrations down by 40%, three wheelers by 50% in 2017

    Motor car registrations have come down by 40% on a month and month basis mainly due to drop in financing share of motor cars. The three wheeler segment came down by nearly 50%,according to the JB Securities monthly review. Implementation of the budget proposal to restrict credit to new cars (50% LTV) and three wheelers…

  • Avoid Cash or Cheques payment, and try SLIPS (Sri Lanka Inter-bank Payment System) by Central Bank

    Central Bank of Sri Lanka introduces Sri Lanka Inter-bank Payment System (SLIPS) for individual and bulk payments to multiple parties up to Rs. 5 Million per Transaction on same day or any days up to 14 days as payment due. this service is available minimum fee of Rs.50 per individual transaction and Bulk transaction can…

  • Sri Lanka Economic Summit 2016 by The Ceylon Chamber of Commerce

    Sri Lanka’s economic growth potential is not unknown. Its strategic geographical location, proximity and access to growing markets in Asia, high basic development indicators, and human and environmental assets, put it on a strong footing to be a star performer in Asia. Yet, the ability to transform this clear potential into strong performance seems to…

  • Mihin Lanka Losses accumulated Rs. 17 Billion by Now

    Finance Ministry stated that the state run airline Mihin Lanka has recorded a loss of Rs. 17 Billion over its 7 years operation. Finance Ministry said it had been given a Rs. 15 Billion letter of comfort in 2015 to continue its operations and the ministry is expected to reduce losses to Rs. 938 million,…

  • Maximise your Dollar Investment with US$ 150 million Sri Lanka Development Bond

    First Capital Treasuries PLC invites potential investors in Sri lanka and aboard to invest on US$ 150 million Sri Lanka Development Bond. This Sri lanka Development Bond is a Risk – free, Tax – free, Higher rates than bank deposits and  its available for the period of 3Months, 6 Months, 1Year and 2 Years. Eligibility…

  • New Terminal Building to construct for Bandaranaike International Airport

    Transport and Civil Aviation Ministry Nimal Siripala de Silva said a new terminal building will be built at the Bandaranaike International Airport (BIA) at a cost of Rs. 65 billion. He further state that the present terminal building can accommodate only six million passengers. Where the BIA capacity is not sufficient to handle all passenger…

  • University of Colombo MBA Alumi Budget 2016 – Discussion with Finance Minister Hon. Ravi Karunanayake

    The MBA Alumi Association University of Colombo organized a forum of Budget 2016 with the Finance Minister, Hon. Ravi Karunanayake & key industry leaders at the Post-Budget forum. Take part of this forum and knew unseen background of Budget 2016 and thoughts of industrial leaders. Date: 24th November 2015 Time: 9am to 12pm Venue: Hotel Galadari…