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CDS signs up with Lanka IOC to act as Registrar

The Central Depository Systems (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), recently signed a service agreement with Lanka IOC PLC as the registrar for Lanka IOC PLC, with effect from 01st of January 2023. Lanka IOC PLC, with a corporate history spanning 20 years, is the only private sector auto fuel…

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Pakistan’s economy in ‘collapse’ as IMF visits

Pakistan is gripped by a major economic crisis, with the rupee plummeting, inflation soaring and energy in short supply as IMF officials visit to discuss a vital cash injection. Prime Minister Shehbaz Sharif for months held out against the tax rises and subsidy slashing demanded by the International Monetary Fund, fearful of backlash ahead of…

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US expresses support for Sri Lanka’s on-going recovery efforts

The US Political Affairs Under-Secretary Victoria Nuland, who is currently on an official visit to Sri Lanka, expressed her Government’s support for the on-going recovery efforts in the country. This was revealed during a meeting with President Ranil Wickremesinghe yesterday. During the discussions President Wickremesinghe extended his appreciation for the support provided by the US…

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Central Bank issues Rs.1,000 coin

The Central Bank has issued an uncirculated commemorative coin in the denomination of Rs. 1,000 to mark the 75th Independence Day Celebration in the country. The first coin was officially presented to President Ranil Wickremesinghe by Central Bank Governor Dr. Nandalal Weerasinghe yesterday. This is the 71st commemorative coin that was issued by the Central…

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