Reiterates commitment to providing a sustainable future for every plantation worker New proposal ensures worker earnings significantly exceed Rs.1000 a day Urges that all stakeholders prioritise the financial sustainability of the entire plantation industry In a meeting today (15) between the Minster of Labour Nimal Siripala de Silva and the Chairmen of all Sri Lankan…
The main index of the Colombo Stock Exchange, the All Share Price Index (ASPI) crossed the 7,700 point mark today (15). The ASPI gained 291.34 points (or 3.91%) closing the day on 7,734.57, which is the highest recorded since, 28 February 2011. Earlier, the highest single-day gain was recorded on 15 February 2020, when the ASPI increased by 255 points….
The selling rate of a US dollar exceeded Rs.196 mark today (15). According to the daily exchange report of the Central Bank of Sri Lanka (CBSL), the current buying rate of the US Dollar today stands at Rs.190.77 and selling rate of the US dollar stands at Rs.196.05. This is the highest buying and selling…
According to the latest external trade data released by the Central Bank, country’s trade deficit narrowed in November 2020 by US $ 198 million to US $ 565 million, from US $ 762 million recorded in November 2019, due to a larger decline in imports compared to the decline in exports. Amidst a decline in…
People’s Bank wishes to place on record the following with regard to certain opinions expressed or reported recently on media; People’s Bank, as a state owned entity and a bank that possesses the largest customer base and branch network in Sri Lanka, enjoys an unparalleled position of stability and security. As a result of the…
Fitch Ratings has affirmed SriLankan Airlines Limited’s (SLA) USD 175 million government guaranteed 7% unsecured bonds due 25 June 2024 at ‘CCC’. KEY RATING DRIVERS The airline’s bonds are rated at the same level as SLA’s parent, the government of Sri Lanka (CCC), due to the unconditional and irrevocable guarantee provided by the government. The…
The new quality-assured solution facilitates the fast and effective import and transhipment of COVID-19 vaccines worldwide Cathay Pacific Cargo has built on its many years of experience in transporting pharmaceutical shipments to develop a vaccine solution specifically for the fast and effective distribution of COVID-19 vaccines across the globe. Cathay Pacific Director Cargo Tom Owen…
The main index of the Colombo Stock Exchange, the All Share Price Index (ASPI) has been ranked as the second best performing stock index in the world as of 13 January 2021, with a positive price return of 9.88%, according to Bloomberg data. In a Twitter message, State Minister for Money, Capital Markets and Public Enterprises Reform Ajith Nivard Cabraal stated that he is…
World renowned financier and a member of Rothschild family, Nathaniel Rothschild who is in Sri Lanka for a brief business tour, paid a visit to Port City Colombo yesterday (14). He was accompanied by prominent Sri Lankan born British politician and former EU parliamentarian Niranjan Deva Aditya and corporate sector veteran Rajan Brito. Rothschild’s delegation…
Geared to boost Economy with massive export potential Sri Lanka’s largest manufacturing facility for tyres and radials, Ferentino Tyre Corporation (Pvt) Limited, was declared open by President Gotabhaya Rajapaksa yesterday (14). The occasion was also joined by Minister of Industries Wimal Weerawansa and Minister of Ports and Shipping Rohitha Abeygunwardena. The facility constructed with an…
Video Story
