The Central Bank of Sri Lanka (CBSL) has decided to issue Rs.39.5 billion worth Treasury bills today (29 July 2020). The Public Debt Department of the CBSL stated that the bank will issue Rs.9 billion worth 03-months Treasury bills, Rs.6 billion worth 06- months Treasury bills, and Rs.24.5 billion worth 12-months Treasury bills. Further, The Public…
The Colombo Stock Exchange today (29) announced that it has delisted shares of PC Pharma PLC from the official list of the CSE in compliance with applicable regulations and procedures. Earlier, on July 22, Entrust Securities PLC’s shares were delisted from the official list of the CSE. The Colombo Stock Exchange (CSE) decided to suspend…
The total quantity of tea exported for the month of June 2020 including Re-Exports with imported Tea amounted to 23.69 Million kg, showing a decline of 0.42 Million kg (-1.73%) compared to the same period last year. According to Ceylon Tea brokers PLC, the Free On Board (FOB) price per Kg for the month of…
Moody’s Investors Service says in a new report that global remittance transfers by migrant workers are set to drop globally in 2020, raising credit risk in countries most dependent on such inflows. “The countries that are most dependent on remittances are largely low- and middle-income economies, and we expect the decline in remittance will exacerbate…
Business confidence seems to have regained its footing despite the challenges Sri Lanka’s manufacturing Purchasing Managers’ Index (PMI) improved to 67.3 in June, reflecting a month on month increase of 18 index points with the Central Bank of Sri Lanka attributing this to a “normalising of economic activities in the country following the complete relaxation…
Customers from across Emirates’ network can now travel to Dubai as the city has re-opened for business and leisure visitors with new air travel protocols that safeguard the health and safety of visitors and communities. From August 1, passengers will be required to have a COVID-19 negative test certificate that is valid 96 hours before…
Bloomberg – Alphabet Inc.’s Google will let employees work from home until July 2021, once again pushing back the re-opening of its offices as the coronavirus continues to rage in many parts of the U.S. The company had previously said workers could stay home until the end of this year. The change was made to…
A strong majority Government is extremely beneficial for the stock market as stock market investments are long term ideally 3-4 years, Dimantha Mathew, Head of Research at First Capital stated. “In relation to the bond market at the moment, since rates have dipped significantly there could be a selling pressure if a strong majority is…
Vallibel Finance reported yet another year of highs despite market turmoil with Revenue amassing to Rs. 9.7 billion in the financial year ending March against the corresponding figure of Rs. 8.7 billion in the previous financial year. The top-line bolstered by a growth of 11.12% is all the more commendable weighed against a negative outlook…
The United States is helping Sri Lankan apparel producers to export Personal Protective Equipment (PPE) to the United States. In partnership with the Joint Apparel Association Forum (JAAF) and the Sri Lanka Export Development Board (EDB), the program included two webinars for over 100 industry participants that prepared them to break into the U.S. market. The project was funded by the…
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