The Colombo stock market today (13) experienced an encouraging positive momentum in the first 30 minutes of trading with both indices improving. The Colombo All Share price Index was up 100 basis points during the first 9 minutes of trading and the S&P SL20 Index was up by 5%. The market turnover was recorded Rs.146…
International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday it was “very likely” the Fund would cut global growth forecasts further as the coronavirus pandemic was hitting many economies harder than previously projected. “Incoming data from many countries is worse than our already pessimistic projections,” Georgieva said during a webcast conference sponsored by the…
Sri Lanka recorded a 44.1% year-on-year (YOY) decline in tourist arrivals during the first four months of 2020, with no tourist arrivals in April, due to the termination of all passenger flight and ship arrivals into the country from March 18, in order to contain the spread of COVID-19 pandemic. “The total arrivals recorded from January…
True to its calling as a responsible professional organization, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has taken the lead to help professional accountants including Chartered Accountants navigate through the ongoing turbulent times as a result of the COVID-19 global pandemic. In fulfilling its duty as the National Body of Professional…
CBSL answers frequently asked questions about COVID-19 relief scheme What are the businesses/sectors eligible for the COVID-19 reliefs? Are cash backed facilities and housing loans excluded from reliefs? Why can’t the financial institutions grant these reliefs without any request? How will I know if I have been granted the concession, upon request? Can I apply…
Trading at the Colombo Stock Exchange (CSE) was temporarily halted for 30 minutes from 11.09 am to 11.39 am this morning (12) as S&P SL20 index dropped by 5% during the trading session. Here, The S&P SL20 index fell 88.50 points or 5.03% to 1,672.03, during the trading session, triggering the first circuit breaker threshold…
Taking into consideration the reopening of economic activity in the world followed by easing of some travel restrictions between countries, SriLankan Airlines is now offering services to passengers who are eligible to travel under the respective country travel advisories to London, Tokyo (Narita) Melbourne and Hongkong and beyond. Accordingly, passengers who wish to travel to…
The European Commission has de-listed Sri Lanka from its list of High Risk Third Countries with Anti- Money Laundering and Countering the Financing of Terrorism Strategic Deficiencies published on May 07, 2020. Sri Lanka was listed as a high risk third country by the EU in February 2018, subsequent to Sri Lanka being identified by…
Stocks plunged during the trading session on Tuesday (12 May 2020) , triggering a 30-minute trading halt. Here, the S&P SL20 index fell 88.50 points or 5.03% to 1,672.03, during the trading session, triggering the first circuit breaker threshold leading to a temporary halt in stock market trading, as per a new directive by the regulator the…
Uber launches dedicated service, UberMedic, for transporting frontline healthcare workers The service will be live across 2 leading hospitals in Colombo, free of charge This is part of Uber’s global commitment to offer 10 million free rides to move what matters Uber today, in partnership with the Government of Sri Lanka, launched its new service,…
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