Colombo-based Capital Alliance (CAL) group has introduced a new initiative aimed at assisting Sri Lankan investors gain access to India’s capital markets by tying up with India’s Edelweiss Financial Services.
The Talawakelle Tea Estates company of Sri Lanka has stated that its net profit has increased 16 percent to Rs. 178 million in the December 2018 quarter from a year ago.
Sri Lanka’s Central Bank has reportedly called for proposals from investment banks to sell up to US$ 2 billion in sovereign bonds in 2019.
The Cabinet of Ministers in Sri Lanka has reportedly decided to raise up to US$ 2 billion in sovereign bonds in 2019, Sri Lanka’s State Minister of Finance Eran Wickramaratne has said.
State Minister of Finance in Sri Lanka, Eran Wickramaratne has reportedly said that the country’s Cabinet of Ministers has agreed to commence talks with Bank of China for a three year loan.