The Sri Lanka Chamber of the Pharmaceutical Industry (SLCPI) urging calm, assures the public that despite the global impact of coronavirus, there is no shortage in availability of essential drugs in Sri Lanka. In a statement to media, SLCPI said that all major pharmaceutical importers have inventory and stock for at least three months and…
BBC – Asian shares have continued the global markets slump on Friday as investors fear the spread of the coronavirus will wipe out economic growth. Shares across the region, including Japan, Hong Kong and China, have plunged in morning trading. It followed the Dow and S&P 500 in the US having their biggest one-day declines…
A Memorandum of Understanding (MOU) was signed between Sri Lanka – NORDIC Business Council of The Ceylon Chamber of Commerce and European Chamber of Commerce of Sri Lanka (ECCSL) on Friday, 06th of March 2020. The MOU aims to increase the reach of the European Chamber in its efforts to promote bilateral trade relations between…
Regular trading at the Colombo Stock Exchange (CSE) was temporarily halted for 30 minutes from 10.02 am to 10.32 am this morning (13) as S&P SL20 index dropped by 5% during the trading session from the previous close. S&P SL20 index fell 115.61 points or 5.04% to 2,178.08 and the All Share Price Index also fell 2.98% or 149.45 points…
The Colombo Stock market declined steeply on Thursday (12), as concerns about the economic fallout from the coronavirus pandemic continued to dominate. In equities, Colombo’s All Share Price Index (ASPI) fell 184.97 points and closed at 5,019.55 and S&P SL20 index of more liquid stocks fell 4.66% or 112.11 points and closed 2,293.69. Meanwhile, regular…
(This article originally appeared on independent.co.uk) Coronavirus’s economic danger is exponentially greater than its health risks to the public. If the virus does directly affect your life, it is most likely to be through stopping you going to work, forcing your employer to make you redundant, or bankrupting your business. The trillions of dollars wiped from financial…
Amazon founder and CEO Jeff Bezos, the wealthiest person in the world has lost $7 billion in paper wealth overnight, and more than $18 billion over the past month, as Amazon’s share price has plunged on fear that the coronavirus outbreak will slow the global economy. Bezos saw his wealth drop to $110 billion overnight,…
CNBC – Auto sales in China plunged 79% in February, marking their biggest ever monthly decline, with demand pummelled by the coronavirus outbreak. Sales in the world’s biggest auto market tumbled to 310,000 vehicles from the same month a year earlier, falling for a 20th straight month, the China Association of Automobile Manufacturers (CAAM) said. “China’s auto sales…
Regular trading at the Colombo Stock Exchange (CSE) was temporarily halted for 30 minutes from 11.44 am to 12.14 pm this morning (12) as S&P SL20 index dropped by 5% during the trading session from the previous close. However, when regular trading at the CSE recommenced at 12.17 pm, All Share Price Index was down by…
The Members of the Commission of the Securities and Exchange Commission of Sri Lanka (SEC) convened a special meeting Wednesday (11th March 2020) to assess the current situation in the stock market and determine what regulatory relief and assistance was needed to manage the impact arising from the global stock market downturn due to the panic…
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