Wednesday April 21, 2021 10:37ECONOMYNEXT – Sri Lanka’s rupee was quoted at 203/208 to the one month dollar in late morning trade Wednesday though spot market trading was not active, dealers said. Sri Lanka’s rupee closed around 204/207 in the one-month forward market on Tuesday. Sri Lanka’s forex markets opened with muted … [Read more...] about Sri Lanka rupee quoted at 203/208 to one month dollar
Sri Lanka plantations calls for priority worker vaccinations
Wednesday April 21, 2021 07:02ECONOMYNEXT – Sri Lanka’s commercial plantations producing tea and rubber has called for fast-track vaccination of their workers on whom key export sectors are depended upon. There is a community of 1.5 million on estates, the Planters’ Association representing managers of Regional Plantations … [Read more...] about Sri Lanka plantations calls for priority worker vaccinations
Slippery rupee sends ripples through financial markets, Parliament
Erratic behaviour of dollar exchange rate sparks concerns among businesses Banks quoting different rates ranging from Rs. 206 to Rs. 208 per dollar adds further confusion Dr. Harsha puts quantum of yesterday’s depreciation at Rs. 14; says it was unprecedented Raises concern in Parliament after State Minister Cabraal’s tweets claiming rupee has strengthened Telegraphic … [Read more...] about Slippery rupee sends ripples through financial markets, Parliament
Sri Lanka issues Covid-19 warning as ICU admissions rise
Wednesday April 21, 2021 00:37ECONOMYNEXT – Sri Lanka’s Health Promotion Bureau has issued a public warning of a Coronavirus breakout after the April festive season saying Covid-19 intensive care admissions are rising and asking the public to minimize travel … [Read more...] about Sri Lanka issues Covid-19 warning as ICU admissions rise
SDB bank records strong performance in challenging economic environment and continues to sustain and boost critical SME sector
The Year 2020 proved to be one of unprecedented economic change across the globe and in Sri Lanka, presenting significant challenges in all industries, particularly impacting the banking and financial services sector. Alongside the Government and Central Bank-led economic revival measures mandated industry-wide on account of COVID-19, including credit moratoriums and policy … [Read more...] about SDB bank records strong performance in challenging economic environment and continues to sustain and boost critical SME sector
Sri Lanka chicken prices spike, day-old-chicks soar to new heights
Tuesday April 20, 2021 06:20ECONOMYNEXT – Sri Lanka’s fresh chicken prices have soared as a combination of state controls and Coronavirus impact hit the sector, with higher meat prices driving up day-old-chick prices amid supply constraints while priced … [Read more...] about Sri Lanka chicken prices spike, day-old-chicks soar to new heights
SC begins hearing Port City petitions
Prelates get briefing on Port City On the instructions of President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa, State Minister of Finance Ajith Nivard Cabraal yesterday visited the Asgiriya Chapter, the Malwathu Chapter and the Chief Prelates of the Amarapura and Ramanna Maha Nikayas and briefed them on the relevant Draft Commission Bill on the Port City … [Read more...] about SC begins hearing Port City petitions
CSE hosts Blood Donation Camp under the title ‘Donate Blood, Give the Gift of life’ – Adaderana Biz English
Colombo Stock Exchange (CSE) has announced their annual Blood Donation Camp to be held on 22nd April 2021 from 9.00 AM to 3.00 PM at 18th Floor, West Tower, World Trade Center, Echelon Square, Colombo 01 and will be conducted through the National Blood Transfusion Service (NBTS). Commenting on the event, CEO of CSE, Mr. Rajeeva Bandaranaike remarked “The CSE Blood Donation Camp … [Read more...] about CSE hosts Blood Donation Camp under the title ‘Donate Blood, Give the Gift of life’ – Adaderana Biz English
Sri Lanka stocks down 0.62-pct
Monday April 19, 2021 17:24ECONOMYNEXT – Sri Lanka stocks fell 0.62 percent on Monday, pushed down by LOLC Holdings, Vallibel one and Mestacorp plc, brokers said. The Colombo benchmark All Share Price Index fell 47.07 points to close at 7,553.50. The S&P SL20 index of more liquid stocks fell 0.96 per cent or 29.35 … [Read more...] about Sri Lanka stocks down 0.62-pct
15-17% of Sri Lanka’s social media activists fake, S’pore-style laws on the way: Justice Minister
Monday April 19, 2021 12:05 Mohamed Ali Sabry PC/FacebookECONOMYNEX – Some 15 to 17 percent of Sri Lanka’s social media activist accounts are fake, Justice Minister Ali Sabry said, … [Read more...] about 15-17% of Sri Lanka’s social media activists fake, S’pore-style laws on the way: Justice Minister