Lankem Development News Today

By Hiran H. Senewiratne CSE trading activities yesterday were negative from the beginning due to major selling pressure on Softlogic Life and Softlogic Capital shares. Further, shares fell in mid- day trade, amid diminishing hopes of securing the US $ 2.9 billion dollar bailout from the IMF, market analysts said. Besides, December quarterly company results […]

By Hiran H.Senewiratne President Ranil Wickremesinghe has instructed the relevant local authorities to resume discussions/talks to expedite the signing of a Free Trade Agreement with Nepal, which process came to a standstill from May onwards due to Sri Lanka’s political instability, Nepalese ambassador to Sri Lanka Bashu Dev Mishra said. “Sri Lanka and Nepal have […]

FriMi, Sri Lanka’s first fully-fledged digital banking experience powered by Nations Trust Bank, recently announced the launch of a special air ticket promotion in partnership with Mastercard. As part of this offer, one lucky ‘FriMian’ will stand a chance to win two return air tickets to Singapore. In order to enter the giveaway, FriMians can […]

By Hiran H.Senewiratne The CSE moved up over 1 per cent in mid-morning trade yesterday, continuing the momentum from the previous day. The main reason for the market to bounce back is because the Central Bank has sent out positive signals on the IMF bailout for Sri Lanka, stock market analysts said.It is said that […]

AIA Sri Lanka has announced the appointment of Tan Hak Leh as the new chairman of the Board of Directors (BOD) with effect from July 2022.  Tan Hak Leh is the Regional Chief Executive of AIA Group Limited with responsibility for the business operations in Thailand, Singapore, Brunei, Malaysia, Cambodia, Myanmar, Vietnam and now, Sri […]

DFCC Bank was able to present its extensive portfolio of banking and financial services to the public in Kandy recently as the Official Banking Partner for “Visit Kandy 2022”, organized by the Kandy City Centre. The event was held from the 10th to the 13th of August 2022, with a wide variety of trade stalls, […]

CIPM Sri Lanka – the Nation’s leader in human resource management, recently awarded diploma certificates to over 340 students who completed the Diploma in Professional Human Resource Management (DPHRM) at an awards ceremony held at the CIPM Auditorium. Ken Vijayakumar – President of CIPM Sri Lanka and Kanishka Weeramunda – Founder of Pay Media (Pvt) […]

Sri Lanka’s most inclusive bank, Cargills Bank, recently launched its 22nd branch in the City of Negombo. Located at No. 293A, Main Street, Negombo, Cargills Bank’s new branch is housed in a modern facility with all conveniences, including parking. Designed to reflect the modern, yet inclusive ethos of Cargills Bank, the branch places an emphasis […]

By Hiran H.Senewiratne The CSE started the day’s trading on a positive note yesterday and later on profit- takings were noted in some selected companies. Those were, Lanka IOC, Expolanka Holdings and Lankem Development, stock market analysts said. However, some data show that local fuel consumption declined due to the quota system and the high […]

By Hiran H.Senewiratne The local stock market has the potential to grow further and business activities too could improve if fuel prices are reduced to a greater degree. Global crude oil prices are on a downward trend. They are now less than US $ 100 per barrel and they are continuing to go down in […]