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John Keells Stock Brokers (JKSB) – Sri Lanka – STOCK MARKET WEEKLY – 01-10-2021 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 5, 2021 Posted by eLanka admin In Articles, elanka Finance Tagged JKSB, John Keells Holdings PLC, John Keells Stock Brokers

Nearly 5,000 delegates to arrive-by Dilshan Tharaka Source:Dailynews The Memorandum of Understanding (MoU) of the 55th Annual Conference of the Asian Development Bank (ADB) which is scheduled to be held in Sri Lanka next year under the theme “Positioning a Climate Change-Adapted Green Economy for the Post-COVID -19 World”, was signed at the Finance Ministry by Finance Minister Basil Rajapaksa. This conference is scheduled to be held in Sri Lanka from May 2 to 5, next year (2022). It was signed on behalf of the Asian Development Bank by the Director General of its South Asian Department, Kenchi Yokoyana while Finance Ministry Secretary R. Artigala signed the MoU on behalf of the Government. ...

Oct 2, 2021 Posted by eLanka admin In elanka Finance Tagged Asian Development Bank, The Memorandum of Understanding

Sri Lanka-Malaysia Business Council holds 27th AGM Sri Lanka – Malaysia Business Council’s 27th Annual General Meeting Source:-www.ft.lk The Sri Lanka-Malaysia Business Council of the Ceylon Chamber of Commerce held its 27th Annual General Meeting virtually. High Commissioner of Malaysia to Sri Lanka Tan Yang Thai graced the occasion as the Chief Guest. Khalid Farouk was elected as the new President of the Business Council for the year 2021/2022. Welcoming distinguished guests and members, the outgoing President of SLMBC, Keerthi Jayasuriya said, “When I took office as President of the Sri Lanka-Malaysia Business Council, we hoped to make some contribution towards further improving business ties between our two countries, which would go even some little way towards minimising the imbalance in trade between the two countries. However, little did I know, that COVID was around the corner with an agenda its own. Under the circumstances, we did what possible. The ...

Sep 25, 2021 Posted by eLanka admin In Articles, elanka Finance Tagged Acorn Aviation Ltd., Aitken Spence Shipping Ltd., Amana Bank PLC, Director Mohamed Hameez, Flexicare Lanka Ltd., FMG Plastic Ltd., Hsin Haw Li, International Scholar Educational Services Ltd, Mansoor Gems and Softlogic City Hotels Ltd., Sri Lanka-Malaysia Business Council

Sri Lanka captivates Chinese tourists Source:-www.ft.lk The Consulate General of Sri Lanka – Guangzhou participated with the Guangdong Scenery International Travel Agency in the China (Guangdong) International Tourism Industry Exposition (CITIE) held from 10-12 September in Guangzhou, organised by the Department of Culture and Tourism of Guangdong Province. The Consulate designed the Sri Lanka stall, which was embossed with vibrant and beautiful pictures of prominent tourist attractions, archaeological and cultural sites. Several handicrafts of Sri Lanka were also displayed in the stall, enticing a large number of visitors to the booth, who obtained information on the current COVID-19 situation in the country and travel guidance. Consulate Generals from more than 31 countries in Europe, Latin America, Africa, Asia Pacific and Middle East and regions in China participated in the exposition. The fair also included delegations from 21 cities of 10 Provinces in China. Also, local travel agencies, hotels, scenic spots ...

Sep 25, 2021 Posted by eLanka admin In Articles, elanka Finance Tagged Africa, Asia-Pacific, CITIE, Europe, Guangdong, Latin America, Tourism Industry Exposition

Sports-tech startup Koach Hub expands boundaries with Daryll Cullinan Source:-www.ft.lk Singapore based Koach Hub, the revolutionary sports-tech platform, has signed a partnership with renowned South African cricketing legend Daryll Cullinan to expand its platform to cricket. Koach was launched in January this year as a solution to increasing market demand for an intelligent collaboration tool for sports, especially soccer. The company has seen rapid expansion across the world, and is deployed across clubs and academies in Australia, Singapore, USA, UK, Netherlands, Japan, Lebanon, Ghana, Bermuda, and Sri Lanka within the last eight months. Being able to collaborate with Legendary Daryll Cullinan is indeed a huge step forward. Cullinan became, at the young age of 16, the youngest South African to strike a first-class century. He also scored 337 not out, the highest first-class score in domestic South African cricket at the time. Daryll Cullinan was the centrepiece of South Africa’s ...

Sep 25, 2021 Posted by eLanka admin In Articles, elanka Finance Tagged Australia, Bermuda, Daryll Cullinan, digital resume, Ghana, Japan, Lebanon, Netherlands, Singapore, UK, USA

Sri Lanka Embassy in Riyadh holds webinar to promote bilateral trade Source:-www.ft.lk The Embassy of Sri Lanka in Riyadh in collaboration with the Eastern Province Chamber of Commerce (Asharqia Chamber) in Dammam, Saudi Arabia, Export Development Board and the Foreign Ministry of Sri Lanka, organised a webinar on promoting bilateral trade between Sri Lanka and the Kingdom of Saudi Arabia on 14 September with the participation of more than 100 companies from both countries. Asharqia Chamber of Commerce Board of Directors Chairman Abdulhakim Alkhaldi welcomed the participants and assured the extension of the fullest support of the Chamber to the Sri Lankan exporters in providing necessary coordination with the Saudi importers to improve the business relations between both countries. In his opening remarks, Sri Lanka Foreign Ministry Additional Secretary (Economic Affairs) P.M. Amza mentioned that this program will enhance the trade and investment relations between the two countries. He further ...

Sep 25, 2021 Posted by eLanka admin In elanka Finance Tagged Asharqia Chamber, P.M. Amza, Sanjeewa Pattiwila, Sri Lanka Embassy

US delivers $40 million in financing to support small businesses and empower Sri Lankan women Source:Adaderana The United States today provided $40 million in financing to SDB Bank in order to bolster Sri Lanka’s Small and Medium sized Enterprise (SME) sector and assist women entrepreneurs. The loan is part of $265 million in funding the U.S. International Development Finance Corporation (DFC) is providing to Sri Lankan banks, including SDB Bank, DFCC Bank, and NDB Bank, to promote international investment and inclusive economic growth. SDB bank will use the $40 million to provide over 1,400 loans, ranging from LKR 500,000 to 1 million each, to SMEs throughout Sri Lanka. At least forty percent of those loans will be granted to businesses that are owned by women, or provide a product or service that empowers women, as part of DFC’s 2X Women’s Initiative. Many of the loans will also support Sri Lankan ...

Sep 18, 2021 Posted by eLanka admin In elanka Finance Tagged Alaina Teplitz

Jacqueline Fernandez; Lankan Star Shining in Indian Film Sky-By D.B.S.Jeyaraj Source:Dailymirror Sri Lanka’s Jacqueline Fernandez who has made a name for herself in India as a successful film actress was very much in the news last week for reasons unconnected to her cinematic career. The luminous star of Sri Lanka who has been illuminating the Hindi cinematic firmament for several years was summoned by India’s Directorate of Enforcement Division to give evidence in an investigation into an alleged racket involving fraud, extortion and money laundering amounting to of over Two Billion Indian rupeers. The Directorate of Enforcement is a specialized financial investigation agency probing suspected financial crimes. The Enforcement directorate is under the Department of Revenue within the purview of the Indian Finance Ministry. The suspected mastermind behind the alleged racket being investigated is an ace confidence trickster named Sukesh Chndrasekhar who is in jail. Jacqueline herself was an unwitting ...

Sep 17, 2021 Posted by eLanka admin In elanka Finance Tagged Abhishekh Bachcan, Akshay Kumar, Amitabh Bachchan, Arjun Ramphal, Emran Hashimi, John Abraham, Manoj Bajpayee, Ranbir Kapoor, Riteish Deshmukh, Saif Ali Khan, Salman Khan, Sanjay Dutt, Siddharth Malhotra, Varun Dhawan

NCE highlights need to develop and sustain coconut-based products to USA Source:FT The National Chamber of Exporters of Sri Lanka, addressing numerous issues faced by its members, instigated a series of webinars under the theme ‘Grow beyond traditional markets’ in collaboration with Sri Lankan foreign missions. The main objective of this initiative is to assist exporters to reach new markets and identify emerging demand for various products and services, under the new normal by global consumers. Keeping abreast with the program, the Chamber conducted two webinars recently, in coordination with the Sri Lankan Embassy in USA and India Business Group, a Chamber of Commerce based in Mumbai. The webinar with the US Embassy was mainly focused on improving market access for Sri Lankan coconut and coconut-based products. Representing the US Embassy, Ambassador Ravinatha Aryasinha made the opening remarks. He highlighted the need to support the Sri Lankan SME exporters in ...

Sep 17, 2021 Posted by eLanka admin In elanka Finance Tagged Ravinatha Aryasinha, Sumedha Ponnamperuma

Sri Lanka Embassy in Germany focuses on supporting Agri exporters Source:FT Webinar on ‘The Art of Approaching a Buyer in Agri Products Sector’ A webinar focusing on educating Sri Lankan Agri products exporters on how best to connect with the right buyer in EU market, ‘The Art of Approaching a Buyer in Agri Products Sector’ was held on 31 August with over 180 participants. This was the third of a series of highly successful webinars being organised by the Embassy of Sri Lanka in Germany in collaboration with the Import Promotion Desk of Berlin and Export Development Board of Sri Lanka to support exporters in better understanding the EU market, with a special emphasis on organic Agri products. ...

Sep 17, 2021 Posted by eLanka admin In elanka Finance Tagged Manori Unambuwe, Suresh De Mel