The Colombo stock market turned positive today (03) with both indices moving up, recovering from a nosedive yesterday. The ASPI surged by 239.18 points (or 2.99%) to close at 8,244.50 while the S&P SL20 index, which includes the 20 largest and most liquid stocks increased by 106.07 points (or 3.33%) to close 3,293.45. The stock…
In an appeal to the Government, The Association of Private Hospitals and Nursing Homes (APHNH) requested that private healthcare workers receive priority, alongside national healthcare workers, in the ongoing COVID-19 vaccination drive. The Association noted that private healthcare workers are not listed under the Government’s vaccine prioritization policy yet, and urged authorities to reconsider this…
Tea auctions this week saw good demand and a total of 7 M/Kgs were on offer, of which, approximately 1 M/Kgs comprise of Ex-Estate teas, , Forbes and Walker said in its latest report. “Ex-Estate offerings showed an improvement in quality, particularly for teas from the Western slopes,” it said. Consequently, select pre-quality season invoices appreciated in…
A gazette notification was issued yesterday (February 02,2021) relaxing the import restrictions on tiles and ceramic products. However, the Import and Export Control Department today (03) issued new operating instructions for Sri Lanka Customs and all commercial banks to suspend the implementation of the regulation No.3 and 4 of the Gazette Extraordinary No.2213/8 dated February 02,2021 until further…
In the early hours of the morning on 3 February 2021, a fire was reported in Ecocycle at the Katunayake Free Trade Zone. The fire was quickly and efficiently brought under control with the immediate help and support of the Airport and Aviation fire brigade, Sri Lanka Air Force, Sri Lanka Navy, Katunayake BOI Fire Brigade…
Piramal Glass Ceylon PLC (the Company) reported its nine-month results as at 31st December 2020, with a turnover of Rs. 5,961 Million and a profit after tax (PAT) of Rs.694 Million as against Rs. 5,832 Million and Rs. 330 Million in the previous year similar period. The Company reported a growth of 2% in revenue…
A fresh gazette notification has been issued by Prime Minister Mahinda Rajapaksa in his capacity as the Minister of Finance relaxing the import restriction placed on tiles and ceramic ware. According to the Gazette, importation of ceramic items (All the items under HS headings of 69.05, 69.06,69.07,69.10, 69.11, 69.12,69.13 and 69.14), can be imported only…
The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) today (02) recorded the biggest drop in a single day in history. The benchmark All Share Price Index crashed down by 561.75 points (or 6.56%) to close at 8,005.32 whilst the S&P SL20 index which features the largest and most liquid stocks listed on the…
The U.S. Government committed a $40 million loan to Sri Lanka’s SDB bank to support small and medium enterprises (SMEs) and women entrepreneurs. The loan from the U.S. International Development Finance Corporation (DFC), the U.S. Government’s development bank, aims to support private sector investment and economic growth in Sri Lanka. DFC partners with the private…
The Cabinet of Ministers has approved the proposal to restart the fuel oil business by the Ceylon Petroleum Corporation (CPC). The Monopoly of fuel oil supply, upheld by the ‘Lanka Maritime Services Limited’ affiliated to CPC, was opened to the private sector in 2004. The bonded warehouse facilities in Sri Lanka Ports Authority has been vended…
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