According to the latest external trade data released by the Central Bank, country’s trade deficit narrowed in August 2020, as import prices declined at a faster pace than the decline in export prices. Sri Lanka’s external sector continued to recover in relation to many aspects during August 2020, mainly supported by an improved trade deficit…
Investors must not to react impulsively to news of the emergence of the new COVID-19 cluster in Sri Lanka. In a special report, leading stockbroking firm, Asia Securities (Pvt) Ltd., explores the impact of COVID-19 resurgence in several regional emerging economies as well as developed economies, notes that equity markets have remained stable through second…
Industries Minister Wimal Weerawansa yesterday (08) encouraged Japanese investors to invest in Sri Lanka’s agro-based industries in order to develop the sector. The call was made when he received Akira Sugiyama, Ambassador of Japan to Sri Lanka at the Ministry yesterday (08). During the meeting, the Ambassador assured that Japan will continue to support Sri…
Annual General Meetings (AGMs) provide one of the few opportunities shareholders have to question the board, engage directly with management, and hear the views of other shareholders. However, the outbreak of the Coronavirus is causing companies to rethink their arrangements for 2020 AGMs in light of potential bans on large gatherings, travel restrictions and the…
WASHINGTON (Reuters) – The Group of 20 nations must offer poorer countries a longer freeze in debt payments and other help to protect the global economy from long-term scarring inflicted by the COVID-19 pandemic, leading business and labor groups said. Warning of job losses, increasing poverty, rising child mortality and high business failure rates in…
Sri Lankan shares ended higher on Thursday (08). The All Share Price Index (ASPI) increased by 3.09% or 171.32 points to close at 5,724.54, whilst the S&P SL20 Index also increased by 1.95% or 44.26 points to close at 2,317.15. The market recorded a daily turnover of Rs.2.9 billion. John Keells Holdings (JKH) made the highest contribution…
Due to the prevailing Coronavirus (COVID- 19) pandemic situation in the country, the Department of the Registrar of Companies will be closed for the general public from 08 October 2020 until further notice, Registrar General of Companies D.N.R. Siriwardena said. However, all required services for the general public such as incorporation of companies, registration of societies and…
INSEE Cement, Sri Lanka’s leading and only 100% local cement manufacturer has issued an update and progress report of work completed towards the rehabilitation and reforestation efforts addressing the incident of illegal encroachment and forest clearing in its long-term leased land in Aruwakkalu. During early September 2020, approximately 29 acres of forest land was illegally…
Sri Lanka’s GDP is projected to decline by 6.7% this year, with the COVID- 19 crisis affecting all key drivers of demand: exports private consumption, and investment, the World Bank said in its latest report titled ‘South Asia Economic Focus’ “The COVID-19 crisis has substantially clouded the outlook and exacerbated an already challenging macroeconomic situation….
Laugfs Power PLC a fully owned subsidiary of Laugfs Gas PLC announced that it has entered into a joint venture with the Government for a 10MW solar power project with a battery storage system. “We have entered into a joint venture with the Government for a 10MW solar power project with a battery storage system…
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