We hereby release the contents of the letter addressed to H.E the President on Wednesday 18th March by the following Chambers of Commerce: The Ceylon Chamber of Commerce, Chamber of Young Lankan Entrepreneurs, The National Chamber of Commerce, , Federation of Chambers of Commerce and Industry of Sri Lanka, National Chamber of Exporters of Sri…
According to the daily exchange report of the Central Bank of Sri Lanka (CBSL), the buying rate of a US dollar stood at Rs.185.38 today (20) whilst selling rate of a US dollar stood at Rs.189.87. Accordingly, this is the first time in Sri Lankan history that the buying rate of a US dollar has exceeded…
Due to an Island wide curfew that has been imposed across the island from 18:00 hrs (Sri Lanka time) on 20th March 2020 until 06:00hrs (Sri Lanka time) on 23rd of March 2020, SriLankan Airlines passengers flying out during this period can reach the Airport during curfew, by producing their air tickets and passports to…
The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) today (20) recorded the highest drop in a single day in history. Sri Lanka’s only Capital Market All Share Price Index (ASPI) crashed down by 6.22% of 303.10 points to 4,571.63. Meanwhile, the S & P SL20 dropped by 262.42 points, closing at…
The Board of Directors of the CSE has taken an emergency decision to impose a market halt for 30 minutes at every 5% decline in the S&P SL20 Index from hereon.
The Board of Directors of the CSE has decided to close the market today (Friday) 20th March 2020 at 12 Noon in view of the curfew imposed by the government to enable staff to travel to their homes. The Colombo Stock Exchange (CSE) was reopen for trading today after a four-day hiatus, however with revised…
“Many steps are being taken to mitigate the possible negative impact of the COVID-19 outbreak to the society at large, and it will be absolutely necessary to ensure that economic functions of the country must continue to be undertaken unabated,” Secretary to the President Dr. P.B. Jayasundera said in a letter directed to Army Commander…
Regular trading at the Colombo Stock Exchange (CSE) was temporarily halted for 30 minutes from 10.02 am to 10.32 am this morning (20) as S&P SL20 index dropped by 5% during the trading session. S&P SL20 index fell 117.60 points or 5.33% to 2,088.37 and the All Share Price Index also fell 2.61% or 127.02 points in early trade to…
Information & Communication Technology Agency (ICTA) hosted a virtual meeting on 19th March, with the IT community of Sri Lanka to engage their expertise in leveraging digital technology in the management of Covid-19 response in Sri Lanka. The call had over 60 participants from key organizations in the IT / BPM industry, who were invited…
Exchanges and CCPs support market participants in the face of the global coronavirus (Covid-19) economic shock London – The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, has today issued a statement on coronavirus (Covid-19) and current market volatility. The economic impact of the Covid-19 pandemic has introduced extraordinary volatility in global financial markets,…
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