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Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka
GROSS DOMESTIC PRODUCT (GDP)
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20220822  Download Link: https://www.mediafire.com/file/xirdpvkhoxmfsoo/Hotel_Sector_Analysis.2022.pdf/file The highly diversified landscapes and natural attractions in Sri Lanka have been welcoming a growing number of visitors to the country. The total tourist arrivals to Sri Lanka in 2018, amounted to more than 2.3 million, which welcomed 2.17 million in 2017. The... by CHRONICLE™ - Comments: 4 - Views: 1281 |
20220829  Download Link: https://www.asiacapitalpartners.lk/analysis According to the findings of a newly-appointed economic advisory council, the government hopes to collect $8 billion by leasing or selling significant public assets to supplement fast diminishing foreign reserves. The long-term leases of Katunayake International Airport for $2 billion, Mattala Airport for $300 million,... by CHRONICLE™ - Comments: 2 - Views: 840 |
20220829  In a short interview on 23rd August 2022 with the Bloomberg Sri Lanka’s Central Bank Governor Dr Nandala Weerasinghe said the following:
by samaritan - Comments: 0 - Views: 448 |
20220828  A high-powered delegation of the International Monetary Fund (IMF) is continuing talks in Colombo on reaching an agreement on a prospective IMF Extended Fund Facility (EFF) arrangement. The IMF delegation led by senior mission chief Peter... by samaritan - Comments: 0 - Views: 304 |
20220826 by rajini - Comments: 2 - Views: 326 |
20220823  Sri Lanka is currently experiencing a foreign currency sovereign debt default for the first time in the country’s post-independent history. On April 12, Sri Lanka announced that due to severe foreign currency shortages, it will suspend foreign debt repayments, except for repayments to multilateral organizations such as the World Bank and the Asian Development Bank (ADB). Sri Lanka’s Central Bank Governor, Nandalal Weerasinghe, stressed that Sri Lanka intends to enter... by Quibit - Comments: 0 - Views: 533 |
20220818 The Governor of the Central Bank says that Sri Lanka’s negotiations with the International Monetary Fund (IMF) is making good progress and that an IMF delegation is expected to visit the island by the end of August to reach a staff-level agreement. "IMF program is making a good progress. For example, IMF mission is planning... by samaritan - Comments: 4 - Views: 607 |
20220821 by Rare - Comments: 0 - Views: 492 |
20220820 by ResearchMan - Comments: 0 - Views: 336 |
20220627  MULTINATIONAL FINANCIAL CONGLOMERATE LOLC HAS PLANNED AN INVESTMENT PIPELINE INTO THE GIANT MARKET OFFERED BY INDIA -Group MD Kapila Jayawardena- To drive the innovative and strategic management...by samaritan - Comments: 6 - Views: 2144 |
20220818  Truly inspiring to see our own IT / Electronics and AI based development capabilities ! With Dr Harsha Subasinghe, the brains behind Sri Lanka’s first ever locally manufactured Car, the fully Electric super car “Vega”. His Firm Codegen... by samaritan - Comments: 0 - Views: 444 |
20220814  SIGNIFICANCE OF THE INDIAN OCEAN REGION (IOR) Systemic configurations in different regions of the globe lend themselves to debates in the discipline of strategic studies and international relations. These concern, among others, the costs and benefits of various “polaric” orders. This means, a discussion on tripolarity in the Indian Ocean Region (IOR) is vital to understanding the current power entanglements that characterize this strategic body of... by CHRONICLE™ - Comments: 1 - Views: 804 |
20220812 Technical update 12.08.2022 Maharaja by Maharaja - Comments: 5 - Views: 1085 |
20220811  Pakistan stocks gain 486 points on IMF loan agreement KARACHI: Pakistan stocks on Wednesday gained 486 points owing to positive sentiments after a staff level agreement reached between the country and the International Monetary Fund (IMF). The benchmark KSE-100 index of Pakistan Stock... by samaritan - Comments: 0 - Views: 666 |
20220808 
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20220804  The following is the full speech by the President: I was elected as the President on the 20th of last month, as having secured the trust of the majority of the Members of Parliament. Today I am addressing you for the first time as the President. This House represents the various communities of Sri Lanka. Whether you are Sinhalese, Tamil, Muslim, Burgher or any other ethnic group, you are gathering here as the Parliament of Sri Lanka. Representatives... by samaritan - Comments: 3 - Views: 681 |
20220803  COPENHAGEN (Reuters) -Maersk raised its 2022 profit guidance for a second time on Tuesday after beating quarterly revenue expectations as congested global supply chains that have boosted freight rates persist longer... by samaritan - Comments: 0 - Views: 406 |
20220803 /GettyImages-499170981-20e252a7742340ab9b03118f93e8d58c.jpg) The Colombo stock market yesterday produced its most convincing performance in recent months with both indices gaining sharply on high turnover reflecting improved investor sentiment. The active S&P SL20 gained by 2.3% and the benchmark... by samaritan - Comments: 0 - Views: 719 |
20220802  Sri Lankans who have endured months of fuel and food shortages are bracing for more pain as a newly installed government scrambles to find solutions to the Indian Ocean nation's economic emergency. Like... by CHRONICLE™ - Comments: 0 - Views: 321 |
20220801  COLOMBO (News 1st); The Ambassador of the Russian Federation to Sri Lanka Yury Materiy called on the newly appointed Minister of Foreign Affairs Ali Sabry on Thursday 28 July 2022 at the Foreign Ministry. Congratulating Minister Sabry on his appointment, Ambassador Materiy handed over a message of felicitation from the Russian Foreign Minister Sergey Lavrov addressed... by samaritan - Comments: 0 - Views: 359 |
20220801  July 31, Colombo: CHEC Port City Colombo is representing Sri Lanka at the World Cities Summit 2022 to be held at the Marina Bay Sands, Singapore from the 31st of July to the 3rd of August 2022. This biennial global event unites city leaders and associates from across 90 countries under this year’s theme, “Liveable and Sustainable Cities: Emerging Stronger.” by samaritan - Comments: 0 - Views: 361 |
20220727  Sri Lanka can act as a logistic hub to re-export Russian fuel, fertilizers, wheat as well as much other merchandise to neighboring countries, said Attaché of the Russian Embassy in Colombo Alexey Tseleshchev. “Sri Lanka can become a part of this process of restructuring Russian exports... by samaritan - Comments: 1 - Views: 460 |
20220728 This is a story of fiscal imprudence, unsustainable exchange rate policy and chronic mismanagement.  Sri Lanka is facing its worst economic crisis in modern history. Its 22 million strong population is struggling with huge price increases for food, power, medicines and other necessities. That’s if they can get them at all, with private motorists spending hours queuing for their fuel quota. This is why Sri Lankans have been protesting on the streets and stormed the President’s House. How did it come to this? by CHRONICLE™ - Comments: 0 - Views: 352 |
20220627  අද රාත්රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ! - Sri Lanka to order exporters, embassies, hotels to pay electricity bills in dollars - Fuel will be supplied only to essential services vehicles from midnight today till 10 July 2022 - Sri Lanka’s Three Wheel Taxi services will be unable to function at normal levels until a solution for the fuel crisis is proposed - Sri Lanka’s private buses en route to grinding halt as fuel crisis... by God Father - Comments: 4 - Views: 1879 |
20220725  - Former Central Bank Chief forecasts crisis to force contraction of economy by 8-10% - Reveals around 750,000 people have slipped into poverty - Data suggests half the population could fall below poverty line by end-2022 - Suggests Govt. to strengthen safety net by enhancing cash transfers going to poor and vulnerable - Opines given toxic populist politics and entitlement culture, economic recovery will... by CHRONICLE™ - Comments: 1 - Views: 342 |
20220723  Medical specialists warned people to wear facemasks as the new COVID-Omicron variant which is spreading now was deadly and not easy to detect correctly either. An Anaesthetist of the Colombo National Hospital said the toxicity of COVID-Omicron is five times higher than that of the Delta variant and the mortality rate is also higher... by samaritan - Comments: 0 - Views: 238 |
20220723 by ResearchMan - Comments: 0 - Views: 326 |
20220714 
by samaritan - Comments: 1 - Views: 422 |
20220714  Omicron variant BA.2.75 has been detected in India, UK, US, Australia, Germany and Canada Virologists have voiced concerns about the emergence of another fast-spreading [size=14]Omicron variant, which is... by samaritan - Comments: 0 - Views: 404 |
20220707  Countries already under pressure from the economic fall-out of the COVID-19 pandemic, risk seeing the same economic turmoil and human misery as Sri Lanka, with the war in Ukraine dragging on, unless the international community agrees to radical financial measures to help countries saddled with debt, the UN said on Thursday. “We’re witnessing... by God Father - Comments: 1 - Views: 493 |
20220709  As the country continues to struggle through its worst economic crisis since independence, a large anti-government protest calling for President Gotabaya Rajapaksa to step down was arranged on Saturday, with people attending in their tens of thousands despite an ongoing fuel shortage making travel difficult. by CHRONICLE™ - Comments: 0 - Views: 493 |
20220709  “The reasons for increasing inflation are, global energy price increases, food price increases, tax adjustments and the rupee depreciation. In the medium- term perspective, inflation will go down to 4 to 6 per cent,... by CHRONICLE™ - Comments: 0 - Views: 402 |
20220701  https://qz.com/2182766/the-war-in-ukraine-is-no-longer-shocking-the-wheat-market-2/ When Russia invaded Ukraine in late February, wheat prices, which were already high because of pandemic-related... by ResearchMan - Comments: 3 - Views: 563 |
20220703 by Asoka Samarakone - Comments: 1 - Views: 457 |
20220702 by ResearchMan - Comments: 0 - Views: 321 |
20220629 When will supply chain disruptions ease? The shift toward goods consumption, particularly in advanced economies, overloaded global supply chain networks during the pandemic. This problem was compounded by pandemic-related impediments to transportation and staffing, as well as by the inherently fragile nature of just-in-time  logistics and lean inventories. The resulting disruption to global trade led to shortages and higher prices for imported consumer goods. Disruptions... by God Father - Comments: 3 - Views: 545 |
20220701 
Sri Lanka’s consumer prices continued their record ascent in June, with the headline rate breaching hyperinflation levels on a persistent shortage of essentials from food to fuel due to the country’s depleted foreign exchange... by CHRONICLE™ - Comments: 0 - Views: 361 |
20220701  COVID-19 cases jumped 18% last week and are at their highest levels since April, and the increase comes as the more transmissible Omicron BA.4 and BA.5 subvariants cause most infections, the World Health Organization (WHO) said today in its latest update. BA.4,...by samaritan - Comments: 0 - Views: 306 |
20220617  US President Joe Biden has announced his support to Sri Lanka, Prime Minister Ranil Wickremesinghe said. The US President had made this announcement during a meeting with diplomats held at the White House recently. The Prime Minister said that he is pleased that the US has come forward to assist... by samaritan - Comments: 3 - Views: 625 |
20220614 Record Low of 4300+ in May 2020  Sri Lanka Stock Market moved up from Corona virus low of ASPI 4300+ in May 2020 to an unrealistic High of 13000+ in January 2022 entirely due to market speculation by local investors despite lack of foreign investments or any growth in the economy. Stock Market is finally come to terms with the economic realities of the country resultant from energy and food crisis and dipped to ASPI 6800+ levels in April... by God Father - Comments: 9 - Views: 1747 |
20220627  Though the above feature authored by the National Movement for Social Justice covers all of eight areas ranging from macroeconomic stability to legislative reforms, this reply focuses on four public sector and state-owned... by CHRONICLE™ - Comments: 0 - Views: 359 |
20210617  Asia COVID-19 Wave with the world waves: Figure-2 Analysis of Covid-19 official data indicate that Sri Lanka actually facing the second wave of the Covid-19 virus and not third wave as many people believe. (Figure-1) World is going through the second Covid-19 wave due to the spike in the Covid-19 cases in Asia due to escalation of cases in India after the eruption in Whuan China in December 2019. by DeepFreakingValue - Comments: 5 - Views: 3135 |
20220626 Accusations that are said to be circulating in the UK against former Governor Cabraal:  1. The investment in Greek bonds was NOT a personal decision of Cabraal, but a decision of the International Operations Department of the Central Bank. The Supreme Court has determined that there was no irregularity whatsoever in the investment. 2. The loss from hedging was USD 89 million, and NOT USD 460 million. In any event,... by ChooBoy - Comments: 0 - Views: 449 |
20220624 .jpg) Bell Geospace, the world leaders in gravity gradiometry, has conducted the first aerial mapping of petroleum resources in Sri Lanka in Q4 of 2021, and will be presenting these insights... by samaritan - Comments: 1 - Views: 490 |
20220623  The Government of India, as a close friend of Sri Lanka, will extend its fullest support to the island nation in overcoming the current difficult situation, Indian Foreign Secretary Vinay Kwatra told President Gotabaya Rajapaksa today (June 23). The Indian Foreign Secretary made these remarks during a meeting with President Gotabaya Rajapaksa at the President’s House in Colombo this morning. The Indian delegation arrived on... by samaritan - Comments: 0 - Views: 306 |
20220620 
by samaritan - Comments: 1 - Views: 624 |
20220621  Sri Lanka hopes to finalize a staff level programme with the International Monetary Fund ( IMF) soon, Prime Minister Ranil Wickremesinghe said yesterday. “Today, I met the visiting IMF Team and commenced discussions. Looking forward to reaching a staff level agreement and finalizing the programme... by samaritan - Comments: 0 - Views: 371 |
20220620  [size=19]COLOMBO (News 1st); Prime Minister Ranil Wickremesinghe commenced discussions with the IMF team a short while ago at the Prime Minister’s Office.[/size] [size=19]The Ministry of Finance stated that the delegates are visiting the country to further expand the discussions regarding the funds to be obtained from the International Monetary Fund (IMF).[/size] by samaritan - Comments: 0 - Views: 310 |
20220619  President’s Counsel Harsha Amarasekera and businessman A.M. Weerasinghe have been chosen to fill the shoes of business magnate Dhammika Perera in several listed entities. Perera last week resigned from all the director boards of the companies controlled by him, in a bid to enter Parliament. Accordingly, with effect from June 16, Amarasekera will serve as Chairman of Royal Ceramics, Vallibel One,... by God Father - Comments: 0 - Views: 687 |
20220617 LOLC Holdings yesterday said it had acquired 9.99 percent of DFCC Bank PLC through the latter’s recently concluded rights issue. As of yesterday’s market filing, LOLC Holdings held little over 40.2 million DFCC Bank shares, which it had bought for Rs.2.2 billion. by samaritan - Comments: 0 - Views: 325 |
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