The consistent growth in the levels of activity and overall performance of the Colombo Stock Market over a period of 9 months and the increased levels of investor participation in the stock market offers strong reasons for investors to be optimistic. The Benchmark All Share Price Index (ASPI) has indicated a gain of 75% since…
Sri Lanka and Vietnam have immense potential for cooperation in the agriculture and fisheries sectors, the Ambassador of Vietnam in Colombo, Pham ThiBich Ngoc endorsed during a farewell call on Foreign Minister Dinesh Gunawardena on 12 January 2021 The Ambassador stated that Vietnam can share their best practices, knowledge and technology transfer, in particular. Minister…
The Colombo Stock Exchange (CSE) recorded two significant milestones today with the market capitalization reaching an all-time high value of Rs. 3.25 trillion and recording 52,559 trades which is the highest number of trades recorded within a market day. The number of trades carried out today surpassed the previous record of 49,921 carried out on…
The Sri Lankan rupee has come once again under pressure. According to the daily exchange report of the Central Bank of Sri Lanka (CBSL), the current buying rate of the US Dollar today (13) stands at Rs.190.33 and selling rate of the US dollar stands at Rs.194.07. This is the highest selling rate recorded for…
The Colombo Stock Exchange (CSE) created history again by recording the highest number of trades in a day. A total of 51,862 trades were executed today (13), surpassing the previous record of 49,921 trades on August 18, 2011. Expolanka was the highest contributor to the number of trades today with 5,182 trades, followed by Browns Investments…
The main index of the Colombo Stock Exchange, the All Share Price Index (ASPI) today (13) marked its highest single-day gain for the year 2021. The ASPI surged 160.99 points (or 2.21%) to close at 7,443.23 and S&P SL20 Index of more liquid stocks gained 39.76 points (or 1.45%) to close at 2,782.17. One of…
Support to the justice sector, food safety, and climate change mitigation The European Union (EU) announced the signing of three grants worth EUR 35.75 million (LKR 8.26 billion) which will support Sri Lanka’s justice sector, help improve food safety, and strengthen efforts to mitigate climate change. The grants were signed on behalf of the Government…
Incoming passengers have to obtain prior approval from the Ministry of Foreign Affairs or the Sri Lanka Mission of the respective country in order to enter into Sri Lanka due to the prevailing situation. Such approvals will be sent directly to the Civil Aviation Authority of Sri Lanka (CAASL) and this Authority will direct the…
HNB Assurance PLC (HNBA), a leading Life Insurance service provider together with its fully owned subsidiary, HNB General Insurance Limited (HNBGI), a fast-growing General Insurance Company has surpassed the Rs. 10 Billion mark in terms of its turnover for the year ended 31st December, 2020. HNBA and HNBGI Chief Executive Officer Prasantha Fernando shared his…
Ambassador Dr. Nalin de Silva held a virtual discussion with the officers of the Ministry of Tourism and Aviation, and the Sri Lanka Tourism Promotion Bureau on the ways and means to promote tourism between the two countries. The meeting was held as an extension to the discussions held with the Myanmar Tourism Marketing Association,…
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