Reuters: Sri Lankan shares fell on Tuesday to end near a 10-month low as foreign investors sold equities amid political instability and on worries of further interest rate hikes, brokers said.
The Department of Census and Statistics has revised the base year and the composition of the market basket of the Colombo Consumer Price Index (CCPI) with effect from January to reflect changes in the market.
The Japanese financial powerhouse the SBI Group launched a Sri Lanka Short Term Bond Fund on Thursday 27 January 2017 to attract investors to high yielding Sri Lankan Bonds. SBI’s inaugural seminar titled “Market Outlook on 2017 and Attractive Investment Opportunity in Sri Lanka” was held at the Roppongi Grand Tower in Tokyo.
The Hemas Group together with the GAC Group Sri Lanka are planning to build a modern, 15-acre integrated logistics facility in the Muthurajawela Industrial Zone,
Reuters: The rupee ended steady in thin trade on Friday as dollar selling by exporters and inward remittances offset demand for the U.S. currency from importers, dealers said.
Prime Minister Ranil Wickremesinghe yesterday said that the Government’s aim is to transform Sri Lanka from an island into the heart of the South Asian region with new trade agreements, investment and employment.
The Hambantota Energy Project (HEP) launched in 2012 remains a non-starter up to now due to the delay in taking firm policy decisions by government officials, an international energy developer alleged.