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,…
Setting a precedent for public-private partnerships of the future, leading corporates such as MAS Holdings are stepping-up to support national efforts in controlling the transmission of COVID-19 by leveraging their industry expertise. As the protection of frontline workers becomes paramount, MAS Holdings has been addressing the growing demand for Personal Protective Equipment (PPE) across Sri…
Sri Lanka’s stock market opened today (11 May) after a seven-week trading halt only to shutter within minutes following a more than 10% drop in a gauge of blue chip shares, highlighting the risks of a long hiatus. According to the stock market trading system, the last transaction has been processed around 11.00.38 a.m. The All Share…
Atlas Axillia (Pvt.) Limited, a subsidiary of the Hemas Group, gifted three more fully homegrown Automated Guided Vehicle (AGV) robots to Dr. Anil Jasinghe, Director General of Health Services, Ministry of Health and Indigenous Medicine recently. Atlas’ AGVs, the first robots to be introduced in the fight against COVID-19 in Sri Lanka, are already in…
The Colombo Stock Exchange which was reopen on Monday (11 May 2020) after a seven-week shutdown, was closed immediately for trading right after the opening bell as the S&P SL20 index plunged about 10.11% from the previous close (20 March 2020) Here, the S&P SL20 index indicated a fall of 196.93 points to 1,750.49. This is…
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