Economic
The Government yesterday said it is following a two-pronged approach with regard to the future of the EU GSP+ scheme.
The new Securities and Exchange Commission Act to regulate the stock market in keeping with current international best practices is to be presented to Parliament next week.
The Central Bank’s holding of Government securities was seen crossing the Rs. 1 trillion-mark for the first time in its history yesterday, according to Wealth Trust Securities.
The Colombo Stock Exchange (CSE) and CHEC Port City Colombo have signed a Memorandum of Understanding (MoU) to enhance capital markets in Sri Lanka by taking advantage of the Port City Colombo’s special emphasis on the Colombo International Financial Centre, in order to establish a regionally-recognised financial exchange within the country’s borders.
ලාෆ් ගෑස් සමාගමට එරෙහිව පාරිභෝගික කටයුතු පිළිබඳ අධිකාරිය නුගේගොඩ මහෙස්ත්රාත් අධිකරණය හමුවේ ඊයේ (30 වැනිදා) නඩුවක් පවරා තිබේ.
The Central Bank (CB) yesterday urged calm and to avoid fuelling undue speculation over the country’s foreign reserves or debt servicing commitments, saying both issues were being satisfactorily addressed.
Sri Lanka Insurance Corporation (SLIC) yesterday announced it has declared the largest-ever life insurance bonus in the country amounting to a staggering Rs. 8.6 billion for the year 2020 to its life insurance policyholders.
Sri Lanka Insurance Corporation (SLIC) was speculated to have picked up the bulk of 2.5 million LOLC shares traded for Rs. 1 billion yesterday.
රජය විශාල වශයෙන් නිකුත් කර ඇති සුරැකුම්පත් ප්රමාණය හා ප්රාග්ධනය දුර්වල වීම නිසා ශ්රී ලංකාවේ බැංකු පද්ධතිය අවදානමකට ලක්ව ඇතැයි අන්තර්ජාතික ණය ශ්රේණිගත කිරීමේ ආයතනයක් වන ෆිච් රේටිංග්ස් (Fitch Ratings) අනතුරු හඟවයි.
The Colombo stock market turned negative yesterday in an apparent reflection of investor concerns over the country’s foreign reserves and debt servicing as well as behavior of one illiquid stock.
The National SME Forum organised by the Ceylon Chamber of Commerce will be held today (28 June) via the Zoom platform from 9.00 a.m. to 5.00 p.m. under the theme ‘Accelerating economic growth through creation of a dynamic SME sector’.
Fearing imminent collapse, the Colombo City Restaurant Collective (CCRC) on Tuesday urged the Government to grant immediate relief by way of waivers as well as ensure early reopening with precautions.
Pressure is mounting on the Securities and Exchange Commission (SEC) and the Colombo Stock Exchange (CSE) to probe alleged manipulation, following the bizarre share price rise of small-scale LOLC Development Finance PLC (NIFL).
Private sector borrowing has risen by Rs. 331 billion in the first five months of this year with the cumulative figure crossing the Rs. 6.5 trillion mark.
NDB Bank announced yesterday it has secured a long term funding line of $ 75 million from the Development Finance Corporation of the United States to further the bank’s support for the small and medium businesses and infrastructure funding during these challenging times.
SriLankan Airlines has been awarded ‘Diamond’ standard by the APEX Health Safety (Airline Passengers Experience Association) powered by SimpliFlying for the airline’s efforts in ensuring the highest standards of cleanliness and sanitisation across its operations.
REUTERS: Sri Lankan shares ended higher on Friday, recording their fifth straight weekly gain, helped by a surge in financials stocks.
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