Sri Lanka stocks closed lower on Tuesday (13), ending a four-day rally. Colombo’s main, All Share Price Index (ASPI) fell 38.08 points or 0.65% to end at 5,802.97 and the S&P SL20 Index of more liquid stocks fell 30.90 points or 1.32% to end at 2,303.81. Meanwhile, the market turnover shot up to Rs.5 billion….
Piramal Glass Ceylon PLC announced its results for the half year ended 30th September 2020 with a revenue of LKR 3,560 Mn and a Profit After Tax (PAT) of LKR 316 Mn, as against the revenue of LKR 3,527 Mn and PAT of LKR 95 Mn during the corresponding period in the previous year. The…
The Cabinet of Ministers has approved a proposal to completely restructure the Department of Supervision of Non-Bank Financial Institutions of the Central Bank of Sri Lanka and to formulate a new institutional structure to regulate Finance Companies, the state information office said. President Gotabaya Rajapaksha appointed a presidential commission on 09.01.2020 to investigate, inspect and…
Tournament to be played from Nov 21 to Dec 13; Players draft on Oct 19 Colombo: Pallekele International Cricket Stadium in Kandy and Mahinda Rajapaksa International Cricket Stadium in Hambantota will host all 23 matches to be played in the Lanka Premier League (LPL) 2020. The League is scheduled to be held from November 21…
The Cabinet of Ministers has granted their consent for the resolution forwarded by Prime Minister Mahinda Rajapaksa as the Minister of Finance for the incorporation of a company solely owned by the Secretary to the Treasury with all the expressways being taken under the particular Company. Accordingly, the proposed company is eligible of collecting funds required by itself…
Exports a billion dollars for the 3rd time in 2020 Sri Lanka’s merchandize exports have surpassed the $ 1 billion mark in September after July during this year, the Export Development Board (EDB) said. Export Development Board (EDB) Chairman Prabhash Subhasinghe mentioned; “I am extremely pleased to see $1 Billion of exports in September. I salute…
‘On average, emerging govts will lose revenue worth 2.1% points of GDP in 2020’ Emerging market Sovereigns, including Sri Lanka, that were struggling to increase tax intake before the COVID-19 pandemic will face additional hurdles, Moody’s Investors Service said in a report issued on Monday. The remarks were made as part of an assessment of how emerging…
The Ceylon Chamber of Commerce together with the Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB), in a bid to support Exporters, SME’s, Entrepreneurs and Manufacturers in financial reporting and enhancing audit quality and identifying violations of accounting and auditing standards will be conducting a Webinar under the theme, General Findings of Accounting and…
SriLankan Airlines, issuing a statement today (12) confirmed that an employee of the airline at SriLankan Cargo operations division at the Bandaranaike International Airport has tested positive for the COVID-19 virus this morning. “The staff member in concern is a resident of the Gampaha district and is currently admitted to hospital and receiving necessary treatment,”…
With the outbreak of COVID-19, Sri Lanka’s tourism industry was one of the worst affected. A rapid assessment jointly undertaken by the United Nations Development Programme (UNDP) and the Sri Lanka Tourism Development Authority (SLTDA) found that women were disproportionately impacted during this period as 67% among those who lost their jobs were female workers. As such,…
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