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Sri Lankan shares end higher on gains in industrial, consumer stocks

Sri Lankan shares ended at their highest in more than a month on Thursday, driven by gains in industrial and consumer staples stocks. The benchmark stock index ended up 1.66%…

Elevated capex requirements may force Airtel Lanka to seek a M&A deal – Fitch

Bharti Airtel Lanka may still seek a merger and acquisition (M&A) deal due to competition and higher taxes amid elevated capex requirements, Fitch Rating said a latest report. “Telcos in…

Milliman begins operations in Sri Lanka acquiring a local Actuarial firm

Milliman, Inc., a premier global consulting and actuarial firm, announced that it will begin operations in Sri Lanka after an agreement to acquire Colombo-based Spark Actuarial Private Limited came into…

Hong-Kong based Alta Hospitality Asia fund eyes a prime real-estate in Galle

The newly launched Alta Hospitality Asia fund of Hong-Kong-based Alta Capital Real Estate eyes a prime real-estate in Galle to develop a premier wellness retreat with comprehensive facilities and luxury…

Sri Lanka’s bonds hammered as U.S. dubs China “predator”

Sri Lanka’s government bonds fell heavily on Wednesday as the United States ratcheted up pressure on the country’s government over its ties with China. U.S. Secretary of State Mike Pompeo,…

ICICI Bank exits Sri Lanka

India-based ICICI  bank has shut down its offshore unit in Sri Lanka after securing approval from the country’s Central Bank (CB) last week. “The Monetary Board of the Central Bank…