Economic
Reuters: Shares closed at their highest in over 1-1/2 months on Friday, boosted by gains in financial and industrial stocks.
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.
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.
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.
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.
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%.
‘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.
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).
Reverts to 25% conversion of export proceeds within 30 days of receipt but less with a floor of 10% for export sectors which incur high percentage of imported inputs
The Central Bank has once again tweaked the rules on repatriation of export proceeds with new directives issued via an Extraordinary Gazette effective last Friday (28 May).
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.
The Colombo stock market began the month of June on a positive note, continuing the momentum enjoyed last month.
Tea production in the first four months of this year has risen to a five-year high of 104 million kg, according to Asia Siyaka Commodities.
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).
Money, Capital Market and State Enterprise Reforms State Minister Ajith Nivard Cabraal on Friday defended the $ 250 million currency swap with Bangladesh, implying it wasn’t a disgrace for Sri Lanka to enter into such an arrangement.
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.
Market turnover achieves record turnover of Rs. 414.5 b in 5 months, surpassing 2020 full year figure of Rs. 396 b
The tourism industry has welcomed the Government’s recent decision to allow registered hotels to accept foreign currency from resident Sri Lankans as payment for services.
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