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John Keells Stock Brokers (JKSB) – Sri Lanka – STOCK MARKET WEEKLY – 15-10-2021 Brought to you by – John Keells Stock Brokers (JKSB) John Keells Stock Brokers (JKSB) is a leading equity brokerage house in Sri Lanka and is a subsidiary of John Keells Holdings PLC (JKH), the largest listed entity on the Colombo Stock Exchange (CSE). We are one of 15 founding members of the Colombo Stock Exchange and our history in equity trading dates back to 1896. We are widely regarded in the industry for good governance practices with an emphasis on compliance and regulations. Our core sales and research staff have been engaged with the firm for a period of 10 – 25 years. Over the years this has helped JKSB develop strong and lasting relationships with our core client base of Foreign Funds/Individuals, Local Institutions and HNWI’s. This has contributed to our superior offering of ...

Oct 22, 2021 Posted by eLanka admin In Articles, elanka Finance Tagged Colombo Stock Exchange, JKSB, John Keells Holdings PLC, John Keells Stock Brokers

Capital Alliance enters Bangladesh Merchant Banking Source:Bizenglish.adaderana Enters into an investment and partnership agreement with BetaOne Investments Limited Dhaka, Bangladesh : Capital Alliance (CAL) –Sri Lanka’s leader in Capital Markets services entered into an investment and partnership agreement with Bangladesh’s BetaOne Investments Limited. With the formalization of this agreement and its entry to Bangladesh, CAL continues its ambitious yet resolute journey to realize its vision to be ‘The No.1 Investment Bank in Frontier Markets’. Established in 2011, BetaOne Investments Limited is a leading licensed merchant bank in Bangladesh offering a wide range of financial solutions for both individual and institutional investors. Under the agreement, CAL will own a significant equity interest in BetaOne Investments Limited and will partner with the current group of shareholders which includes a handful of highly reputed family businesses and professionals in Bangladesh. BetaOne expects to roll out a full spectrum of Merchant Banking services over the coming ...

Oct 19, 2021 Posted by eLanka admin In elanka Finance Tagged BetaOne Investments Limited, Mr. Zulfiquar Rahman

Islandwide broadband coverage by end 2022 Source:Dailynews Plans are afoot to complete 100% broadband coverage in 10 districts before the end of this year under the ‘Communication to the Village’ National Programme and to provide broadband coverage islandwide covering the remaining districts before the end of 2022, says Director General of the Telecommunications Regulatory Commission of Sri Lanka, Oshada Senanayake. The Telecommunications Regulatory Commission of Sri Lanka has taken steps to provide all necessary facilities to the communication service providers and the Telecommunication Fund will bear 50% of the cost of the towers to be constructed under the ‘Communication to the Village’ Programme, he further said. He also said that as the communication is a strong factor in the national economy, steps have been taken according to the advice of the President to implement a programme aiming the national economy through the communication sector, not limiting to dividends. He added ...

Oct 19, 2021 Posted by eLanka admin In elanka Finance Tagged Director Sriyani Mawellage, Oshada Senanayake

SL’s multi-billion dollar ‘Ocean Expressway’ and its impact Source:FT A proposed global initiative to obtain a waiver on debt repayments for Sri Lanka, to redress the damage caused to its economic resources by carriers using our exclusive economic zone The island at the centre of an expressway For centuries, the world’s maritime traffic on the Great East-West Shipping Lane, (transporting cargo both to and from the Atlantic ocean, starting from east-coast of the USA, via UK, Europe, the Mediterranean Sea, through the Suez Canal, passing Sri Lanka, Singapore, Hong Kong, China, South Korea, Japan, and to the Paciﬁc Ocean) has been moving very close to Sri Lanka, strategically located at the centre of the Indian Ocean, taking the shortest and the fastest possible route from Aden to Singapore, and also on the return voyage. A sea lane that saves billions for global trade This ‘Ocean Expressway’ enables vessels to sail, ...

Oct 19, 2021 Posted by eLanka admin In elanka Finance Tagged ultra-large container vessels

Softlogic Life launches ‘Dollar Saver’: SL’s first foreign currency insurance solution Source:-www.ft.lk Affirming its indelible reputation as Sri Lanka’s fastest growing life insurer, Softlogic Life goes beyond borders with the introduction of a powerful new USD savings life insurance solution, ‘Dollar Saver’ that will be offered to Sri Lankans working and living overseas. Setting yet another benchmark in the country’s highly competitive insurance sector, the two-year savings plan enables Sri Lankans residing overseas to enjoy a 6.5% guaranteed annual return on their savings in dollars, while also benefiting from a life insurance cover equal to the maturity benefit. Softlogic Life’s Dollar Saver makes its mark in Sri Lanka as a first of its kind solution offered by a life insurance company within the nation. The product will be offered in full accordance with Sri Lanka’s Forex Regulations. Dollar Saver was launched in a virtual setting signifying the tech-based approach that ...

Oct 16, 2021 Posted by eLanka admin In Articles, elanka Finance Tagged Ashok Pathirage., Dollar Saver, Softlogic Life, Softlogic Life Insurance

‘HI Japan’ Trade Exhibition promotes Sri Lankan coconut products Source:-www.ft.lk The Ambassador and the Mission staff participated at the ‘HI Japan’ Trade Exhibition Sri Lanka booth that was organised and promoted by the Sri Lanka Mission in Japan and funded by the Coconut Development Authority (CDA). The booth showcased a wide range of coconut related export products from 11 companies in Sri Lanka. The product range included coconut oil, virgin coconut oil, MCT oil, coconut flour, desiccated coconut, coconut chips, milk, milk powder, treacle, syrup and cream. There were new products such as coconut vinegar, amino, coconut butter, sugar, coconut water and king coconut water products that were showcased. The booth received over 60 inquiries from potential Japanese buyers with the most popular products being virgin coconut oil, coconut flour and desiccated coconut. The Mission hopes to follow up on these leads and connect the exporters directly with prospective buyers ...

Oct 16, 2021 Posted by eLanka admin In Articles, elanka Finance Tagged Coconut Development Authority, HI Japan, Sri Lankan coconut products

EDB kicks off Advisory Committee on Ornamental Fish Exports Source:-www.ft.lk The Sri Lanka Export Development Board (EDB) Advisory Committee on Ornamental Fish Exports was inaugurated on 12 October and the first meeting was held via Zoom under the patronage of Trade Minister Dr. Bandula Gunawardane. Addressing the inauguration, the Minister stressed the importance of focusing on non-traditional export sectors such as Ornamental Fish to increase the country’s export income, as the export basket is currently dominated by few commodities. “In the capacity of Trade Minister, I am prepared to listen to the views of the members of the advisory committee, and submit viable proposals to the Cabinet to implement the necessary programmes and activities in order to uplift the ornamental fish export sector,” Gunawardane said. He also pledged the fullest cooperation and assistance of the Government to develop the industry during the discussion. Sathyendran Wijayapura and Menaka Dissanaike were unanimously ...

Oct 16, 2021 Posted by eLanka admin In Articles, elanka Finance Tagged Advisory Committee, Bandula Gunawardane, Ornamental Fish Exports, Sathyendran Wijayapura, The Sri Lanka Export Development Board

Oct 16, 2021 Posted by eLanka admin In Articles, elanka Finance Tagged Colombo Stock Exchange, John Keells Holdings PLC, John Keells Stock Brokers

Six month Roadmap to spur economic growth-by Shirajiv Sirimane Source:Dailynews ‘The Six Month Roadmap for Ensuring Macroeconomic and Financial System Stability’ presented yesterday will bring immediate solutions to some of the current burning issues, said Governor of the Central Bank of Sri Lanka (CBSL) Ajith Nivard Cabraal. He said that firstly the CBSL will remove the 100% Cash Deposit Margin Requirement on 600 items imposed earlier on import of non-essential goods. “We observed that this decision caused problems for many sectors and we have now reversed it. However we urge importers not to import excess stocks and import what is only necessary,” Governor said. He said plans would be in place to unwind moratoria gradually and devise long-term plans to support businesses affected by the Pandemic-related lockdown. Measures will be taken to Stop Parate Executions and the Repossession of Vehicles in the next six months for pandemic-affected borrowers. ...

Oct 9, 2021 Posted by eLanka admin In elanka Finance Tagged Ajith Nivard Cabraal, Central Bank of Sri Lanka

John Keells Stock Brokers (JKSB) – Sri Lanka – STOCK MARKET WEEKLY – 08-10-2021 Brought to you by – John Keells Stock Brokers (JKSB) John Keells Stock Brokers (JKSB) is a leading equity brokerage house in Sri Lanka and is a subsidiary of John Keells Holdings PLC (JKH), the largest listed entity on the Colombo Stock Exchange (CSE). We are one of 15 founding members of the Colombo Stock Exchange and our history in equity trading dates back to 1896. We are widely regarded in the industry for good governance practices with an emphasis on compliance and regulations. Our core sales and research staff have been engaged with the firm for a period of 10 – 25 years. Over the years this has helped JKSB develop strong and lasting relationships with our core client base of Foreign Funds/Individuals, Local Institutions and HNWI’s. This has contributed to our superior offering ...

Oct 9, 2021 Posted by eLanka admin In Articles, elanka Finance Tagged John Keells Holdings PLC, John Keells Stock Brokers