Sri Lanka Telecom, HNB, Hemas added to liquid stock index

Sri Lanka Telecom, Hatton National Bank and Hemas Holdings has been added to the S&P SL 20 index the Colombo Stock Exchange said. Browns and co, Teejay Lanka and Watawala Plantation had been dropped. The S& P SL 20 index includes the 20 largest companies, by total market capitalization, listed on the CSE that meet minimum […]

Sri Lanka Telecom share sale opposed on ‘national security’ grounds

Shares of Sri Lanka Telecom (SLT), which owns a fixed and mobile telecom group, which is partly foreign owned and listed should not be sold down further, the head of a parliamentary committee on national security has said. Government MP Sarath Weerasekara who chairs the Sectoral Oversight Committee on National Security told parliament Friday June […]

Opposing Sri Lanka Telecom share sale on national security grounds baseless: expert

Objections raised by a parliamentary committee to the proposed sale of Sri Lanka Telecom (SLT) on national security grounds hold no water and have no basis in historical fact, according to former Director General of Telecommunications Prof Rohan Samarajiva. Speaking to EconomyNext on Friday June 09, Samarajiva said the concerns raised by the Sectoral Oversight […]

Sri Lanka chamber session to explore SOE reform

Sri Lanka’s Ceylon Chamber of Commerce said it will have a session on state enterprise reform at an upcoming annual economic summit starting from December 05-06. The session on SOE reform will be on December 06. “The session will focus on the ideal overall framework for SOE reform, which models can be explored for deregulation […]