The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 18 January 2021, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 4.50 per cent and 5.50 per cent, respectively. The Board arrived at…
The All Share Price Index (ASPI) of the Colombo Stock Exchange reached its all-time high index tally today closing the 10th trading day of 2021 on 7922.66 points. The previous highest points figure recorded was 7811.80 points on 14 February 2011. The ASPI gained 188.09 points today recording the eighth highest points gain in CSE’s 35…
The benchmark All share Price Index (ASPI) hit an all-time high of 7,922.66 points today (18) , surpassing the previous record of 7,811.80 points on 14 February 2011. The ASPI surged 188.09 points (or 0.2.43%) to close at 7,922.66. The day’s trading recorded a turnover of Rs.12.1 billion. Here, Expolanka (Rs.1.55 billion), Browns Investments (Rs.1.35 billion) and LOLC Holdings (Rs.1.31 billion) made significant contributions…
Sri Lanka can commence charter flights to Myanmar from mid-2021, in the post COVID-19 phase, SriLankan Airlines Regional Manager (Southeast Asia) Mohan Meegolla said at a meeting organized by the Foreign Ministry. The meeting was chaired by the Foreign Secretary Admiral Prof, Jayanath Colombage, to discuss the possibility of establishing air connectivity with Myanmar. Participating at the…
As Sri Lanka opens its doors to the world once again; Sri Lanka Tourism has pulled out all the stops, ensuring that every precautionary measure has been set in place to make the island getaway as safe, secure and serene as possible for the visitors. In this regard Sri Lanka Tourism has published a ‘Safety…
CBD Business Centre, the landmark corporate edifice in Fort, Colombo 01 is all set to welcome new tenants at the start of the new year following an extensive Rs 609 million renovation by its owner Cargo Boat Development Company PLC (CBD). The iconic 38-year-old building, is now ready for occupancy by companies looking for contemporary…
Manufacturing PMI continued to increase, on a month-on-month basis, recording an index value of 61.2 Reaching 55.6, Services PMI returned to the growth territory in December The Purchasing Managers’ Indices (PMIs) for both manufacturing and services activities expanded in December 2020, the Central Bank announced recently. Manufacturing Benefitting from the gradual normalising of economic activities in…
Fitch Ratings has taken rating action on Sri Lankan non-financial corporates following the recalibration of its Sri Lankan National Rating scale to reflect changes in the relative creditworthiness among the country’s issuers following the downgrade of the sovereign rating to ‘CCC’ from ‘B-‘ on 27 November 2020. Fitch typically does not assign Outlooks or apply…
The Securities and Exchange Commission of Sri Lanka (SEC) in a statement welcomed the record-breaking performance of the Colombo Stock Exchange (CSE). Bloomberg has identified the CSE as the second best performing equity market in the world. On 15th January 2021, the CSE saw 61,722 trades which is the highest number of trades ever in…
The government’s inability to contain the spread of the pandemic and the resulting loss of confidence in the capability of their delivery has eroded the high expectations generated after the convincing win by the SLPP at the general election to cement the win at the presidential election. Perceived economic opportunity is very low. Methodology The…
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