The main index of the Colombo Stock Exchange, the All Share Price Index (ASPI) today (22) crossed the 5,000 point mark for the first time in 3 months – since March 13th, 2020. Meanwhile, The daily turnover crossed Rs. 1 billion mark as at 2pm today.
Merchandise exports for the month of May 2020 has bounced back to US$ 602 Mn, compared to the previous month of April which was only US $ 277 Mn according to the customs provisional statistics. With the May Export Performance, the Chairman EDB, said that “It is great to see such a strong recovery from…
Sri Lanka’s total electricity generation (excluding non- conventional electricity as solar, wind, mini-hydro & biomass) stood at 964,043 MWh in the month of April 2020, down 22.7 per cent from 12,46,863 MWh in the month of January 2020, data submitted by Ceylon Electricity Board shows. The reduction of the electricity generation in April 2020 may…
Being the bank of the people, People’s Bank bears a great responsibility to assist the Government to re-start the Sri Lankan economy and help the people of the country to get some form of normalcy to their lives. Due to the unexpected, adverse impact due to the COVID-19 outbreak, the Sri Lankan economy has been…
CIC Holdings PLC has significantly improved its performance in FY20 by posting a Rs. 1 billion after-tax profit up by 133% from the previous year. As per interim results released last week, CIC’s pre-tax profit was Rs. 1.8 billion, up 105% whilst profit from continuing operations grew by 54% to Rs. 1.3 billion. Last time…
The BCCI on Friday said it will review IPL’s sponsorship deals, including the one with Chinese mobile phone company Vivo, in a meeting next week As a direct fallout of the violence in Ladakh’s Galwan valley that claimed the lives of 20 Indian soldiers, the Board of Control for Cricket in India (BCCI) has decided to…
Working capital loans offered at concessionary interest of 8% p.a. for a period of upto 2 years Enables working capital support for SMEs not captured under CBSL Saubagya scheme Loan scheme initiated solely utilising internally generated HNB funds Facilitated over 2,500 client loan applications to CBSL Saubagya scheme Debt moratoriums extended to over 75,000 individuals…
The Colombo Stock Exchange (CSE) announces the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2020 mid-year index rebalance. A revision of the S&P SL20 methodology in March 2017 established the practice of a semiannual rebalance of the index (previously conducted annually), which is set to…
Developing Asia will barely grow in 2020 as containment measures to address the coronavirus disease (COVID-19) pandemic hamper economic activity and weaken external demand, according to a new set of forecasts from the Asian Development Bank (ADB). In a regular supplement to its annual flagship economic publication, the Asian Development Outlook (ADO) 2020 released in April, ADB forecasts growth…
In line with the Government rapid development plans for SME, Agriculture and social development, the Bank of Ceylon will extend its facilities to number of selected sectors. The benefit of these facilities will be extended to a wide-range of Bank’s products and services that include, development loans for Agriculture and SME/ Micro-finance development loan schemes,…
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