Regular trading at the Colombo Stock Exchange (CSE) has been halted again for the second time as the S&P SL 20 Index of liquid stocks plunged over 7.5%, triggering the second circuit breaker threshold. The Trade halt will be lifted at 2.17 p.m today. This is the second time within the day that regular trading at the…
Regular trading at the Colombo Stock Exchange (CSE) was temporarily halted for 30 minutes from 1.01 p.m to 1.31 p.m today (02) as S&P SL20 index dropped by 5% during the trading session. S&P SL20 index fell by 171 points to 3,267.75 and the All Share Price Index (ASPI) also fell by 371.24 points to 8,195.83. However, when regular trading at the…
Sentiment in corporate circles reverses course as hope returns to business With the novel coronavirus persisting for nearly a year, economies the world over are looking for some form of relief courtesy of vaccines that aim to help stem the spread of COVID-19, which has reared its head once again – even in nations that…
The Plastics and Rubber Institute of Sri Lanka (PRISL) together with Smart Expos & Fairs (India) Pvt Ltd (SMART Expos) in collaboration with Export Development Board (EDB) launched the first-of-its kind Virtual Expo of Plastics and Rubber Industry recently. The exhibition was inaugurated by Suresh De Mel, Chairman, EDB via an online platform. With more…
Consequent to the Order issued by the Monetary Board of the Central Bank of Sri Lanka to resume business of Swarnamahal Financial Services PLC (SFSP) for a limited time on a conditional basis, only for the purpose of repayment up to fifty percent (50%) of the remaining deposits of the Company (repayment plan) under the…
Dr. Indrajit Coomaraswamy has been appointed to the Board of Dialog Axiata PLC as an Independent Non-Executive Director with effect from yesterday (01 February 2021). Dr. Coomaraswamy has over 40 years of experience in policy making and providing economic advisory services, on both macroeconomic and structural issues at national and intergovernmental levels. Dr. Coomaraswamy served…
Colombo bourse closed Monday (01) session on a negative note. The main index plunged by 101 points (or 1.17%) to end at 8,567.07, whilst the S&P SL20 index, which includes the 20 largest and most liquid stocks also decreased by 75.03 points (or 2.14%) to close at 3,439.15. Meanwhile, daily market turnover reached Rs.23.7 billion today supported…
School meals, often the one nutritious daily meal that children get, must be prioritized in school reopening plans NEW YORK/ ROME/ SRI LANKA, 1 February 2021 – More than 39 billion in-school meals have been missed globally since the start of the COVID-19 pandemic due to school closures, according to a new report released today…
On the request of Labour Minister, Hon. Nimal Siripala de Silva, Regional Plantation Companies (RPCs) submitted a revised wage proposal to remunerate workers up to Rs. 1,108 a day. The revised proposal was a result of a settlement, negotiated with the assent of the Minister. However, trade unions are still to agree. This resolution will…
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100)1 decreased to 3.0% in January 2021 from 4.2%in December 2020. This was due to the statistical effect of the high base prevailed during January 2020. Meanwhile, Food inflation (Y-o-Y) decreased to 6.8% in January 2021 from 9.2% in…
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