Consequent to the Order issued by the Monetary Board of the Central Bank of Sri Lanka to resume business of Swarnamahal Financial Services PLC (SFSP) for a limited time on a conditional basis, only for the purpose of repayment up to fifty percent (50%) of the remaining deposits of the Company (repayment plan) under the…
Dr. Indrajit Coomaraswamy has been appointed to the Board of Dialog Axiata PLC as an Independent Non-Executive Director with effect from yesterday (01 February 2021). Dr. Coomaraswamy has over 40 years of experience in policy making and providing economic advisory services, on both macroeconomic and structural issues at national and intergovernmental levels. Dr. Coomaraswamy served…
Colombo bourse closed Monday (01) session on a negative note. The main index plunged by 101 points (or 1.17%) to end at 8,567.07, whilst the S&P SL20 index, which includes the 20 largest and most liquid stocks also decreased by 75.03 points (or 2.14%) to close at 3,439.15. Meanwhile, daily market turnover reached Rs.23.7 billion today supported…
School meals, often the one nutritious daily meal that children get, must be prioritized in school reopening plans NEW YORK/ ROME/ SRI LANKA, 1 February 2021 – More than 39 billion in-school meals have been missed globally since the start of the COVID-19 pandemic due to school closures, according to a new report released today…
On the request of Labour Minister, Hon. Nimal Siripala de Silva, Regional Plantation Companies (RPCs) submitted a revised wage proposal to remunerate workers up to Rs. 1,108 a day. The revised proposal was a result of a settlement, negotiated with the assent of the Minister. However, trade unions are still to agree. This resolution will…
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100)1 decreased to 3.0% in January 2021 from 4.2%in December 2020. This was due to the statistical effect of the high base prevailed during January 2020. Meanwhile, Food inflation (Y-o-Y) decreased to 6.8% in January 2021 from 9.2% in…
Scheduled for 6th 7th and 8th April 2021 To target direct and portfolio investors Investment case to feature macro perspective and 1:1 project/equity pitches The Board of Investment of Sri Lanka (BOI), Colombo Stock Exchange (CSE) and Ceylon Chamber of Commerce (CCC) are set to organize a first-of-its-kind virtual investment forum to collectively promote direct…
Sri Lanka’s largest and most iconic mixed development, Cinnamon Life announced another major milestone in its journey to completion with the securing of a Certificate of Conformity (COC) for the project’s office and ‘The Suites’ residential towers. Notably, the pace and the progress of the Cinnamon Life project continued to gain momentum, despite the challenges…
An agile business model was the cornerstone to Expolanka Holdings PLC sustaining its strong growth momentum during the latest quarter which ended 31 December 2020. The company attributed its performance to staying on the path of a focused and consistent growth strategy while remaining flexible and optimizing opportunities in a dynamic operating environment. The quarter’s…
Sri Lanka’s Ambassador to the US Ravinatha Aryasinha has observed that the credibility Sri Lanka Tourism earned in caring for the tourists who made lengthy extensions of their stay in the country at the time COVID broke out, and Sri Lankan Airlines being one of the few carriers that continued to fly when most commercial…
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