CB cuts foreign holding in G-Secs to limit hot money stock
Reduces threshold of foreign investment in T-bills and bonds from 10% to 5% Currently, foreign holding stands below 5.0 % of
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Business
Rupee falls on importer dollar demand; stocks post 8-week closing low
(Colombo) REUTERS: Sri Lanka’s rupee closed weaker yesterday due to dollar demand from importers, while stocks fell to an eight-week
Read moreRupee slips on importer, bank dollar demand; stocks down
(Colombo) REUTERS: Sri Lanka’s rupee closed slightly weaker yesterday, snapping two straight sessions of gains, due to dollar demand from
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New entity to handle Port City land sales
A new procurement and regulatory entity is to be established within next three to six months to conduct land sales,
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SriLankan says A330-200 idling at BIA lacks suitable cabin configuration for their use
Says aircraft was acquired by previous mgt. in 2017 linked to the settlement against the cancellation of the 4 new
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IMF to send team here next month to resume loan talks
Finance and Mass Media Minister Mangala Samaraweera with IMF Managing Director Christine Lagarde The International Monetary Fund (IMF) has
Read morePMF abandons merger as company seals deal to infuse capital
A possibility of a merger explored between People’s Merchant Finance PLC (PMF) and People’s Leasing & Finance PLC (PLC) was
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Sri Lanka targets to double number of Indian tourist arrivals to 1mn this year
Rs.3bn Global Promotion Campaign likely to be launched in Dubai this April Chinese tourist arrivals to increase to 0.5mn by
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China looking to set up FTZ in Sri Lanka for rubber exports
Plantation Industries Minister Navin Dissanayake in discussion with the Chinese delegation High-powered Chinese delegation in Colombo Navin to visit
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