Economic

CSE suffers biggest daily drop of 7.6% as investors panic; turnover near Rs. 4 b
Active S&P SL 20 marginally recovers after triggering 2 trading halts but ends near 7% down

Brandix said today they would continue to practice stringent measures in consultation with the health authorities after one of its employees tested positive with COVID-19.

The much-awaited Ceylon Tea promotion will kick off this winter, with a total investment of Rs. 5 billion aimed at boosting exports which have struggled in recent months, an official confirmed.

LANKAQR to give opportunity for small vendors to make payments using mobile apps
Countrywide launch on 10 October; onboarding of customers from banks, finance companies and others

The historic Gafoor building in Colombo Fort is being renovated at a cost of Rs. 620 million under a program initiated by the Urban Development Authority (UDA) to preserve the antiquity value of the building while making it available for commercial use.

State Minister for Finance, Capital Market, and State Enterprise Reforms Ajith Nivard Cabraal requested foreign investors not to be dissuaded by the recent unwarranted rating downgrade and the erroneous analysis published recklessly by Moody's Investors Service, but to be guided by improving economic conditions.

සම්බා සහ නාඩු සහල් හිඟයක් කෘත්‍රිමව මවාපෑමේ උත්සාහයක් පිළිබඳ අනාවරණය වෙයි. පාරිභෝගිකයන් අපහසුතාවයට ලක් කිරීමට වී ගබඩා කර ඇති ව්‍යාපාරිකයන් මෙලෙස උත්සාහ කරන බව මහා, මධ්‍යම හා සුළු පරිමාණ වී මෝල් හිමියන් ඒකාබද්ධව පවත්වන ලද සාකච්ඡාවක දී හෙළි වී ඇත.

Sri Lanka’s banking sector and the taxation system are in the spotlight yet again following the covid-19 near normalcy situation.

Reuters: Shares fell for a second straight session on Wednesday as industrial and energy stocks declined, although the index booked its best monthly gain in eight years.

Apparel exporter Brandix Ltd. yesterday issued a statement on the early detection of a COVID-19-positive employee in one of its manufacturing facilities located at Minuwangoda.

The Central Bank of Sri Lanka said it today settled US $ 1 b billion sovereign bond scheduled to be matured on October 4 along with the due coupon payments on behalf of the Government of Sri Lanka.

Cabinet has approved awarding procurement of diesel for eight months to Emirates National Oil Company, the Government Information Department said yesterday.

THE Palm Oil Industry Association (POIA) has recently met President Gotabaya Rajapaksa to present their appeal for a pragmatic solution to the impasse created by non-scientific opposition to the cultivation of oil palm that had led to the ban on further expansion of the crop, placing a Rs. 26 billion investment in jeopardy.

The historic Gafoor building in Colombo Fort is being renovated at a cost of Rs. 620 million under a program initiated by the Urban Development Authority (UDA) to preserve the antiquity value of the building while making it available for commercial use.

Headline inflation as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) marginally decreased to 4% in September from 4.1% in August.

Sri Lanka’s foreign net capital outflows have reached to a new high of around US$500 million (0.6 percent of GDP) as of early September since mid February, mostly from the domestic treasury securities market, official data revealed. .

A super September it was indeed for the Colombo stock market as the gain of the benchmark index was the highest in eight years whilst since end May it had provided a 23% positive return.

Sri Lankan Airlines, the National Carrier of Sri Lanka and a member of the one world alliance, reaffirming the global appeal of its marketing communication endeavors, bagged a gold award at the PATA Gold Awards 2020.