Sri Lankan shares fell on Monday as fears over the spreading Chinese virus continued to weigh on the global economy. The All Share Price Index (ASPI) lost 0.95% or 56.66 points to close at 5,934.63 points, while the S&P SL20 dropped to 1.37% or 39.58 points to close at 2,843.43. Market turnover was Rs.181.9 million….
Sri Lanka Telecom (SLT) the leading Digital Lifestyle Service Provider in Sri Lanka, comprises of a customer base over 1.6 million including multinational corporations, large and small corporates, public sector, retail and domestic customers. SLT indeed provides a full range of ICT services in the areas of voice, data, broadband, TV, mobile and enterprise solutions…
The dairy industry of Sri Lanka is in a transitional stage. The newly emerging large and medium scale dairy operations may convert dairy from livelihood operation to a profitable industry. Accommodation of local production in the market chain has become a challenge. Therefore, the development of infrastructure such as milk collecting networks, facilities for value…
From being second-largest importer of Sri Lankan Tea or renowned Ceylon Tea in 2018, – Turkey has emerged As Sri Lanka’s number one tea importer which was reflected in the January – November 2019 official tea export statistics released by the Sri Lanka Tea Board recently. Turkey was number 2 to Iraq in 2018 but…
Citing urgent guidelines from the Chinese goverment to combat the spread of the coronavirus, Costa Crociere, MSC, Royal Caribbean and Genting Cruise Lines have immediately suspended cruise operations in mainland China. Costa has cancelled sailings on the Serena for Jan. 25 and 31; the Atlantica on Jan. 27 and 31; the Venezia on Jan 26….
TOKYO (Reuters) – Stocks tumbled on Monday as investors grew increasingly anxious about the economic impact of China’s spreading virus outbreak, with demand spiking for safe-haven assets such as the Japanese yen and Treasury notes. Japan’s Nikkei average .N225 suffered a steep 1.8% loss, on track for the biggest one-day fall in three weeks. U.S. S&P 500…
Sri Lanka’s Indian Oil Company (IOC) owned fuel retailer Lanka IOC has posted a net profit of Rs.489.75 million for the December quarter from Rs.986.8 million loss a year earlier, the interim financial accounts released to the Colombo bourse showed. The firm has posted 92 cents in earnings per share. For the nine months ending…
The Colombo Stock Exchange has approved in principle the application for the listing of ordinary voting shares and ordinary non-voting shares of HNB Finance Limited on the Diri Savi Board. Accordingly, ordinary voting shares will be listed by way of an offer for sale and non-voting shares by way of introduction. HNB Finance Limited is…
Acting swiftly on the instructions of His Excellency the President, Gotabaya Rajapaksa, in the light of the Coronavirus pandemic, SriLankan Airlines has taken steps to facilitate the return home of Sri Lankan students who are currently in China. The National Carrier is immediately providing a 50% discount to students who wish to return on the…
China is struggling with a new virus that has already killed more than 20 people. It is a serious health issue. The World Health Organization has called it an emergency for China, though not for the world, not so far at least. Inevitably, it will have economic consequences. But how severe and how far will…
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