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Sri Lanka national tea sales average up in Jan 2021
All elevations show an increase YOY in LKR and USD terms Feb 03, 2021 (LBO) – The National average for the month of January 2021 of Rs. 645.02 (USD 3.40) has shown an increase of Rs. 56.17 vis-à-vis Rs. 588.85 (USD 3.28) of January 2020, Forbes & Walker Tea Brokers said in a report. However, the report […]
APHNH calls for prioritization of private healthcare workers in National vaccine drive
In an appeal to the Government, The Association of Private Hospitals and Nursing Homes (APHNH) requested that private healthcare workers receive priority, alongside national healthcare workers, in the ongoing COVID-19 vaccination drive. The Association noted that private healthcare workers are not listed under the Government’s vaccine prioritization policy yet, and urged authorities to reconsider this […]
Piramal Glass Ceylon reports 110-pct growth in PAT for nine months
Piramal Glass Ceylon reported its nine-month results as at 31st December 2020, with a turnover of Rs. 5,961 Million & PAT of 694 Million as against Rs. 5,832 Million & Rs. 330 Million in the previous year during the similar period. The Company reported a growth of 2% in revenue with 110% growth in PAT. […]
Sampath Bank to raise Rs. 6Bn in listed debentures
Sri Lanka’s Sampath Bank plans to raise as much as 6 billion rupees from a sale of Basel III compliant debentures which will be quoted on the Colombo Stock Exchange. The bank said in a stock exchange filing that they intend to sell 50 million Tier 2, listed, unsecured, subordinated debentures at 100 rupees each […]
Fairfirst offers travel insurance with a COVID cover for the first time in Sri Lanka
Fairfirst Insurance offers a redefined travel insurance in the new normal by covering expenses arising from COVID-19. Allowing travelers to continue on their globe trot, Fairfirst Travel Insurance ensures that not only do customers get to experience their adventures again, but they get to travel with a plan exclusively designed to cover expenses against risks […]
Stock market halted after S&P SL20 drops over 7.7-pct
Colombo Stock Exchange (CSE) on Tuesday halted its trading for 30 minutes due to the S&P SL20 index dropping over 7.7% from the previous close. The CSE said the halt will be lifted at 2.17 p.m. Regular trading was halted for 30 minutes earlier in the day as well after the S&P SL20 index dropped […]
Sri Lanka inflation at 3-pct for Jan 2021
Feb 02, 2021 (LBO) – The overall rate of inflation as measured by CCPI on Y on Y basis is 3.0 percent in January 2021 and Y on Y inflation calculate for the month of December 2020 was 4.2 percent. As per the Statistics Department, Year on Year inflation of both the Food Group and […]
Cabinet approves developing West Terminal as public-private partnership with India, Japan
The Cabinet of Ministers has approved a proposal to develop the West Container Terminal of the Port of Colombo on the basis of operating and developing as a public-private partnership and return it within 35 years together with the government of India and the government of Japan nominated parties and the Sri Lanka Ports Authority. […]
‘s foreign currency reserves fall below foreign debt obligations
Sri Lanka’s foreign currency reserves which were at USD 5.7Bn as of December 2020, have now marginally fallen below the foreign debt obligations for the first time in the recent past as foreign currency reserve cover falls below 1.0x. Official reserve assets of the country stood at USD 5,665Mn as of 31 December 2020 while […]
BOI, CSE & CCC to organize first-ever virtual investor forum to attract foreign investment
The Board of Investment of Sri Lanka (BOI), Colombo Stock Exchange (CSE) and Ceylon Chamber of Commerce (CCC) are set to organize a first-of-its-kind virtual investment forum to collectively promote direct and equity investment opportunities in Sri Lanka on 6th 7th and 8th April 2021. The event is expected to attract investment interest from around […]
Eran says functions of Judiciary has been taken over by the Executive
The current problem of the country is nothing with the laws and Statutes but with the governance where the executive has taken over the functions of the judiciary said Eran Wicramaratna M.P of Samagi Jana Balavegaya. Addressing a press briefing at the Leader of the Oppositions office on Sunday, Wickramaratna said that the Presidential Commission […]
Union Assurance awarded for excellence in integrated reporting for 2020
Reaffirming its commitment to the value of transparency, accountability and integrity while maintaining an exceptional financial track record, Union Assurance PLC was awarded among the 10 Best Integrated Reports at the 2020 CMA Excellence in Integrated Reporting Awards, organized by the Institute of Certified Management Accountants of Sri Lanka. The Awards are based on a […]