Monday, June 21, 2021
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Economic

President Gotabaya Rajapaksa will inaugurate the much-anticipated Sri Lanka Investment Forum 2021 today at 8:30 a.m. A second session of the forum will commence at 1430 GMT/1000 EST to cater to audiences in Europe and the USA.

Economic

‘Making of the Iconic Ahasa One Sky Bridge,’ a TV documentary film that takes the audience on a behind-the-scenes journey of Colombo’s newest landmark, is set to be aired on Sunday, 6 June at 8:30 p.m. on HiTV.

Economic

Brought back the rule of mandatory conversion of 10% of workers remittances to rupees by banks on a weekly basis. The fresh directive to banks was issued last week (28 May).

Economic

With margins under pressure due to rising cost of commodities, logistic, foreign exchange and levies, the confectionery and bakery industry plans to increase prices going forward for its survival.

Economic

National Development Bank PLC said yesterday it would be the first company in Sri Lanka to commence the development of a Video Know-Your-Customer (vKYC) as a part of the significant strides the bank is making in Sri Lanka’s fast-evolving digital landscape.

Economic

The Colombo stock market began the month of June on a positive note, continuing the momentum enjoyed last month.

Economic

All leading private commercial banks have formally notified the closure of their branches for customers until next Monday (14 June).

Economic

Lanka IOC PLC, the country’s top listed energy company has jumped its brand position among Sri Lanka’s top 100 brands published by the LMD Brands Annual, a most renowned brand publication of the country compiled by Brand Finance (UK).

Economic

X-Press Pearl loss will add to insurers’ container ship headaches

Economic

The film industry yesterday said COVID-19 and travel restrictions had put several cinemas out of business, prompting fresh calls for help.

Economic

Uber has announced 50,000 free rides to the Sri Lanka Red Cross Society for transporting frontline healthcare workers, elderly and citizens from vulnerable communities to vaccination hubs for supporting the government’s drive to inoculate the nation.

Economic

Market turnover achieves record turnover of Rs. 414.5 b in 5 months, surpassing 2020 full year figure of Rs. 396 b

Economic

Reuters: Shares closed at their highest in over 1-1/2 months on Friday, boosted by gains in financial and industrial stocks.

Economic

The Securities and Exchange Commission of Sri Lanka (SEC) has given an extra calendar month for listed companies to release their annual reports and interim results respectively for the financial year ended on 31 December 2020 and 31 March 2021.

Economic

The Board of Investment, the Ceylon Chamber of Commerce and the Colombo Stock Exchange are all set to unveil the first-ever virtual platform in Sri Lanka to attract foreign investments and Asia’s first and largest Virtual Investor Forum from 7 to 9 June.

Economic

Sri Lanka’s State-Owned Bank of Ceylon is yet to terminate the Letters of credit (LCs) with respect to the importation of 399 vehicles.

Economic

Litro Gas Lanka Ltd. yesterday announced plans to venture into the manufacture of oxygen given the rising need for it as the COVID-19 pandemic spreads.

Economic

The overall rate of inflation as measured by the Colombo Consumer Price Index (CCPI) on a year-on-year (YOY) basis was 4.5% in May as against 3.9% in April. A year ago, it was 4%.