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With deteriorating foreign exchange reserves By Hiran H. Senewiratne The Colombo Stock Exchange (CSE) is in the final week of trading for 2021 on a negative note with both indices down although turnover improved sharply, stock market analysts said yesterday. Market also saw high net foreign selling, increasing the year-to-date (YTD) net outflow over Rs. 51 […] ....
The Central Bank Governor has ordered all licensed banks in the country to sell 25% of converted US dollars to the CBSL on a weekly basis. It came as an amendment to the Operating Instructions on “Incentive Scheme on Inward Worker Remittances”, “Repatriation of Export Proceeds into Sri Lanka”, “Additional Incentive Scheme on Inward Workers’ […] ....
BWIO Awards Construction Category R S Wickramasinghe & Co, a trusted name in the field of construction, reaffirmed its excellence at the Business World International Awards, by winning the Platinum Award for Best CEO of the Year in the large scale construction category. Organized by Business World International, the awards ceremony was held under the […] ....
Sri Lanka has welcomed 69,941 tourist arrivals from December 1-26 , this year and India, Russia, UK, Germany, Australia, US , France , the Maldives and Ukraine and Kazakhstan were the leading sources of tourist visits to Sri Lanka during this period, Minister of Tourism Prasanna Ranatunga said. According to Minister Ranatunga, tourism promotions activities […] ....
The shares of Myland Developments Limited commenced trading on the Colombo Stock Exchange (CSE) yesterday. The shares have been listed on the Diri Savi Board of the CSE under the “Real Estate Development” sector. The occasion was marked with a special Bell Ringing Ceremony. Speaking at the event, Chairman/Independent/Non-Executive Director of Myland Developments Limited, W D Premachandra, commented, “Even though Myland Developments has a shorter history, we have many success […] ....