Share price of over 55% CSE-listed hotels up since March 2022
Since Sri Lanka’s worst economic crisis in Mar 2022, the share prices of nearly 55% of thehotels listed in Colombo Stock Exchange (CSE) have risen on a Year-on-Year basis, according…
Seven parties including China’s Sinopec shown interest to build an export-oriented oil refinery in Hambantota
Seven parties including China’s Sinopec have shown interest to build an export-oriented oil refinery in Hambantota, Minister of Power and Energy Kanchana Wijesekera tweeted. Grant & Shearer Ltd from Nigeria,…
Debt-stricken Sri Lanka to receive first tranche of IMF bailout funds in two days
(Reuters) – Sri Lanka will get the first $330 million tranche of the International Monetary Fund’s bailout in the next two days, the global lender said on Tuesday, putting the…
Select Committee of Parliament holds discussion on the expansion of the higher education sector
Select Committee of Parliament to make suitable recommendations for the expansion of higher education opportunities in Sri Lanka met recently on March 8th, 9th and 10th under the chairmanship (Dr.)…
Sri Lanka’s Debt restructuring talks could drag on for a long time despite expected IMF Support – Fitch Ratings
Fitch Ratings believes Sri Lanka is likely to secure financing support from the IMF after the fund’s Executive Board set a date of 20 March to review the USD2.9 billion…
Sri Lanka hopes to secure the IMF bailout within this month
Minister of Foreign Affairs Ali Sabry express confidence in securing the IMF bailout package within this month since considerable progress has been made with the International Monetary Fund. Speaking to…
CSE on a slim recovery as buying interest improves
Colombo Bourse closed in green after two days of losses as buying sentiment slightly improved on index-heavy weights and banking counters, but retail participation continued to remain subdued with investors being…
CSE extends the bullish run amidst active participation
The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) extended the positive sentiment for the fourth consecutive day as investors continued to actively participate in the market.…
Australia Keen to Invest in Sri Lanka’s Mining, Energy and Agriculture Sectors
With Australian companies increasingly eager to explore investment opportunities in Sri Lanka, tradeand investment promotion and facilitation activities can play a vital role in fast-tracking foreign directinvestment, High Commissioner for…
PrimeGlobal adds member firm in China and debuts in Sri Lanka
Global professional services association PrimeGlobal has in recent months welcomed two new member firms in Asia: Pengsheng in China, and Ranwatta & Co in Sri Lanka. Headquartered in Southern China…