The spread of the coronavirus (COVID-19) has triggered bank branch closures in Sri Lanka. Issuing a notice today, Bank of Ceylon (BOC) announced that 49 of their branches in areas under quarantine curfew will be closed today (22). Accordingly, BOC bank customers are advised to use, ATM/CDM network and other electronic banking services as far…
The Colombo Stock Exchange (CSE) has partnered with London Stock Exchange Group (LSEG) Academy to announce the signing of a Master Services Agreement to deliver various professional training programs to delegates in Sri Lanka. Several accredited programs have been structured to better suit the Sri Lankan market and will be delivered combining practical application with…
Richard Pieris Finance Ltd is a member of the Richard Pieris Group. A diversified conglomerate with a workforce of 28,000 employees, the Group has recently invested Rs. 650 Million in Tier I and Tier II capital of Richard Pieris Finance Ltd, the group announced. A further investment of Rs.350 Million has also been made in…
With the recent sharp decline in tourism arrivals due to the global pandemic and flight restrictions, Sri Lanka Tourism has initiated a novel approach to promote the island through a concept branded as “Go on a Couch Safari” covering wildlife streams from our most popular National Parks. Every year, hundreds of elephants gather to the…
Export companies in the Gampaha district can continue to operate during the curfew period strictly following the COVID-19 health guidelines and all preventive measures for the pandemic, with consent from the relevant health authorities, Sri Lanka’s Exports Development Board (EDB) stated. Issuing a statement, EDB said that they are in the process of issuing the…
Sri Lanka Tourism Promotions Bureau (SLTPB) conducted a series of Webinars for key markets in collaboration with the Sri Lanka High Commissions overseas, main associations of Sri Lanka and the private sector to keep key tourism stakeholders updated on the current situation in Sri Lanka and to obtain feedback from global media and Tour Operators…
The Foreign Ministry has decided today (22) to suspend all services offered by the Consular Affairs Division of the Ministry until further notice, to restrict the congregation of the general public and thereby to prevent the spreading of COVID-19 Virus. Accordingly, the Consular Affairs Division situated at the Ceylinco Building in Colombo will remain closed…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 21 October 2020, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 4.50 per cent and 5.50 per cent, respectively, thereby continuing the prevailing…
Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 6.4% in September 2020 from 6.2% in August 2020. This was driven by the monthly increases in prices of items in both Food and Non-food categories. Meanwhile, Food inflation (Y-o-Y) decreased to 12.7% in September 2020…
Sri Lankan stock market plunged on Wednesday (21). Colombo’s main, All Share Price Index (ASPI) fell 249.56 points or 4.21% to close 5,684.67. Meanwhile, the S&P SL20 index of most liquid stocks fell 95.46 points or 4% to end at 2,292.10. The market recorded a daily turnover of Rs.3.24 billion.
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