Oil prices made their biggest weekly gain this year, reaching pre-pandemic levels at a one-year high. The price of Brent crude is about to breach the important psychological mark of $60, closing the week at $59.34 per barrel. The price of West Texas Intermediate (WTI) crude closed the week at $56.85 per barrel. The declining…
The All Share Price Index (ASPI) has retained its position as the best performing primary stock market index in the world with the index closing trading on 5th February 2021 at 8,275.37 points, marking a 22.16% growth year-to-date (YTD). According to CSE research, the ASPI as at 5th February 2021 has recorded greater percentage growth…
The Ceylon Motor Traders Association (CMTA), Sri Lanka’s leading automotive association with a 100-year history raises its concerns over the heavily persistent fraudulent acts associated with Sri Lanka’s used-vehicle market. The association states that the vehicle customers fall prey to a number of frauds including odometer frauds, vehicles restored with counterfeit spare parts and vehicles…
Diversified conglomerate Sunshine Holdings (CSE: SUN) reported resilient growth in top-line and bottom-line performances during the first nine months of the current financial year (9MFY21) with strong contributions kicking in from healthcare, agribusiness and consumer sectors. During this period, the Group posted a consolidated revenue of Rs. 17.4 billion, up by 10% Year-on-Year (YoY); Group…
Aitken Spence Travels, the leading DMC in Sri Lanka working in partnership with TUI Kazakhstan, will welcome the country’s first charter from Kazakhstan on Saturday 6th February 2021 after the airports reopened for tourist arrivals. There will be two charters operating from Kazakhstan and it will be a first since the Sri Lankan borders re-opened…
Sri Lanka has settled its currency swap facility with the Reserve Bank of India (RBI) as scheduled, the Central Bank of Sri Lanka (CBSL) announced today (05). “The CBSL settled its Swap facility with Reserve Bank of India as scheduled. There was no special request from India for a premature settlement as erroneously reported by certain…
The Silk Road Journal – By Mahika Ming The world’s first locomotive prototype using high-temperature superconducting magnetic levitation technology (HTS Maglev) was unveiled in Chengdu city in Sichuan Province. This prototype has been developed and constructed as a joint venture of the Southwest Jiaotong University, China Railway Group and CRRC Corporation. It will be the…
Under the guidance of the Foreign Minister, Dinesh Gunawardena, to give impetus to the National Policy Framework of the Government, ‘Vistas of Prosperity and Splendour’ by enhancing the efficiency and effectiveness of service delivery to the public, the Foreign Ministry will open a Regional Consular Office in Kandy on Saturday, 06 February 2021 at 2.00…
The US Ambassador to Sri Lanka Alaina B. Teplitz, called on Foreign Minister Dinesh Gunawardena on 02 February 2021. State Minister for Regional Co-operation Tharaka Balasuriya also joined this meeting held at the Foreign Ministry. During the meeting a number of issues, including diplomatic and economic matters between Sri Lanka and the US that are vital to both countries…
Trade Minister Dr. Bandula Gunawardena virtually met with Geneva-based International Trade Centre (ITC) Executive Director Pamela Coke-Hamilton Both leaders reaffirmed the commitment to ensure sustainable development in Sri Lanka through promotion of trade and improved export competitiveness. The Minister appreciated the achievements of the European Union-funded EU-Sri Lanka trade-related assistance project implemented under the lead of…
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