The All Share Price Index (ASPI) and the S&P SL20 index marked a recovery despite a brief decline during trading today (11) to close trading on an upward trajectory. The reversal in the declining trend recorded during the end of trading today ensured that the ASPI continues to maintain double-digit growth so far in 2021…
The Securities and Exchange Commission of Sri Lanka (SEC) together with the Colombo Stock Exchange (CSE) met the CEO’s of the stockbroker firms for a discussion on the current status of the stock market this afternoon (11.02.2021). Candid views were expressed between the parties and the stockbrokers expressed their views with regard to the information…
All three passenger airlines within the SIA Group – Singapore Airlines (SIA), SilkAir and Scoot – will today be among the first carriers in the world to operate flights with a full complement of vaccinated pilots and cabin crew. The first services with a full set of vaccinated crew are SIA flight SQ956, which departed…
Regular trading at the Colombo Stock Exchange (CSE) has been halted again for the second time as the S&P SL 20 Index of liquid stocks plunged over 7.5%, triggering the second circuit breaker threshold. The Trade halt will be lifted at 12.48 p.m today (11). This is the second time within the day that regular trading at…
Regular trading at the Colombo Stock Exchange (CSE) was temporarily halted for 30 minutes from 11.45 a.m to 12.15 p.m today (11) as S&P SL20 index dropped by 5% during the trading session. S&P SL20 index fell by 162.06 points to 2,925.64 and the All Share Price Index (ASPI) also fell by 337.00 points to 7,395.43. This is a decline of 4.36% and 5.25%, respectively, in…
Delivering an outstanding performance, the Singer Group announced a post-tax-profit of Rs. 869.38 million for the third quarter (Q3) for FY20. On a cumulative basis, Singer reported a substantial increase in consolidated profit-after-tax for the nine-month period ending December 2020 at Rs. 1.76 billion compared to Rs. 366.43 million in FY 2019. At Company level,…
Leading global information and communications technology (ICT) solutions provider, Huawei is confident about the future, and the main goal in 5G era is to increase the adoption of 5G in various industries, company’s founder and Chief Executive Officer (CEO) Ren Zhengfei remarked recently. “Our previous generations of communications networks aimed to connect numerous homes and…
The Silk Road Journal – By Mahika Ming The Peoples Republic of China (PRC) issued a white paper on the country’s international development cooperation in January 2021. The paper focused on strengthening PRC’s transnational network titled “China’s International Development Cooperation in the New Era” was released by the State Council Information Office elaborating on the…
LONDON (Reuters) – Tesla boss Elon Musk is a poster child of low-carbon technology. Yet the electric carmaker’s backing of bitcoin this week could turbo-charge global use of a currency that’s estimated to cause more pollution than a small country every year. Tesla Inc revealed on Monday it had bought $1.5 billion of bitcoin and…
Group profit after tax increased by 25% YoY Group revenue grew by 6% YoY mainly due to the surge in broadband revenue Capex expenditure investment of 14.5 Bn, FY 2020 Direct and indirect taxes including levies totaling Rs. 17.1 Bn was paid to the Government of Sri Lanka (“Government”), FY 2020 Sri Lanka Telecom…
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