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Distilleries to re-enter Insurance
Distilleries Company of Sri Lanka PLC (DIST: LKR99.00) has submitted to the Insurance Board of Sri Lanka to register an Insurance Company as a fully owned subsidiary of DIST. The initial investment is LKR500 mn and if necessary the provision will be...
Stocks at six-week high on Keells buying
Sri Lankan shares gained 0.83 percent on Monday on buying of top conglomerate John Keells Holdings JKH.CM in thin trade, touching a six-week high. The All-Share Price Index .CSE of the Colombo Stock Exchange closed 25.04 points firmer at 3025.04, i...
Sri Lanka November tourist arrivals up 20.1% YoY
Sri Lanka's tourist arrivals jumped by a fifth in November from a year ago, the sixth straight monthly rise since the end of a decades-long war in May, the tourism board said on Tuesday. November tourist arrivals to the Indian Ocean island nation ...
Janus Fund enters Sri Lankan market
A new investor in Sri Lanka, the large US-based Janus Fund, was among the purchasers of the blue chip conglomerate last week raising hopes that this could herald the entry of more foreign players into the Colombo market. Foreign ownership in John ...
Sri Lanka aims to stabilise its currency
Sri Lanka aims to stabilise its rising currency at current levels and is confident the government will overcome political uncertainty by winning a January election, Deputy Finance Minister Sarath Amunugama said. The central bank has allowed a contr...
Gold breaks $1,195 after Sri Lanka purchase
The price of gold soared above $1,195 an ounce for the first time in history in London this morning, following a purchase of IMF gold by Sri Lanka's central bank. Gold hit $1,195.13 per ounce earlier this morning on the London Bullion Market, exten...

