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JKH trades above book value despite dull trading at the CSE

Sri Lanka, Aug. 28 -- Stocks in Sri Lanka are continuing a streak of relatively dull trading with average daily turnover for the last 8 trading days hovering around Rs500mn (US$3mn) at the Colombo Sto... Read More


Sri Lanka Prime Minister to visit Maldives

Sri Lanka, Aug. 27 -- Sri Lanka's Premier Ranil Wickremesinghe will undertake an official visit to the Maldives on 2nd September 2019, on an invitation extended by Ibrahim Mohamed Solih, President of ... Read More


Sri Lanka eco summit to discuss SOE reform implementation weaknesses

Sri Lanka, Aug. 26 -- Sri Lanka's State-Owned Enterprises (SOEs) has been the topic of debate for many years now. Discussions around it have covered improving profitability, service and governance wh... Read More


Huawei launches Ascend 910, world's most powerful AI processor

Sri Lanka, Aug. 26 -- Huawei officially launched the world's most powerful AI processor, the Ascend 910 as well as an all-scenario AI computing framework, MindSpore. "We have been making steady progr... Read More


Sri Lanka vehicle registrations rebound in July 2019

Sri Lanka, Aug. 26 -- Sri Lanka's vehicle registrations saw a rebound across the board in July from the lows of June since, limping back to normalcy post Easter Sunday bombings. Total motor cars reco... Read More


Virtusa to automate SLT backend services & revamp service offerings to customers

Sri Lanka, Aug. 26 -- Sri Lanka Telecom (SLT), the national ICT and digital solutions provider entered into a landmark agreement with Virtusa Private Limited, a global provider of digital strategy, di... Read More


Simmering ethno-religious tensions in Sri Lanka must not be ignored, says UN rights expert

Sri Lanka, Aug. 26 -- Simmering ethno-religious tensions in Sri Lanka require urgent action by the authorities to strengthen respect for freedom of religion or belief in Sri Lanka, says UN Special Rap... Read More


Allianz Lanka appoints Nihal Handunge as Deputy CEO for Life Insurance arm

Sri Lanka, Aug. 26 -- The board of directors of Allianz Lanka recently announced the appointment of Nihal Handunge as the Deputy CEO for Allianz Life Insurance Lanka Limited. With this new appointment... Read More


Foreign institutional bond selling spikes amid CBSL rate cuts

Sri Lanka, Aug. 24 -- The 2018-2019 foreign exodus from Sri Lanka's government bond markets has picked up speed in recent weeks with total net outflows for the 2018-2019 period now totalling over Rs20... Read More


Central Bank to announce timeline for banks to reduce market lending rates

Sri Lanka, Aug. 23 -- Sri Lanka's Central Bank with the expectation of reducing all market lending rates in line with the reduction already observed in deposit interest rates, will announce specific t... Read More