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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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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: 136 |
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: 89 |
20220620 
by samaritan - Comments: 1 - Views: 255 |
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: 130 |
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: 8 - Views: 989 |
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: 105 |
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: 276 |
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: 2 - Views: 260 |
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: 151 |
20220615  Excerpt from an article published in the "The Island" newspaper of 14th June 2022, page 3: Foreign Minister Prof G.L.Peiris has sought an early opportunity for power & energy Minister Kanchana Wijesekera and Environment Minister Naseer Ahamed an expert in the field... by samaritan - Comments: 0 - Views: 223 |
20220614  Sri Lanka is in a dire situation. Known as the "Pearl of the Indian Ocean," the country is facing the worst economic crisis since independence in 1948. Western media has taken this opportunity to hype up the so-called Chinese debt trap, alleging that Sri Lanka is on the verge of economic collapse because it was unable to repay its large loans from China. They add that the Belt... by God Father - Comments: 0 - Views: 140 |
20220613  Introduction A Real Estate Investment Trust, widely known as a REIT, is a model which facilitates and enables collective investment and acts as a Collective Investment Vehicle. Belonging to the sub category of investment methods known as Unit Trusts, REITs mainly function by pooling money from the public and using such money to acquire and develop property. This process was introduced to the country by the Securities and Exchanges Commission of Sri Lanka through The Unit... by CHRONICLE™ - Comments: 0 - Views: 303 |
20220612  Top business leader and Minister-to-be Dhammika Perera yesterday resigned from all his companies and was named as a National List MP via an extraordinary gazette as part of preparations to be appointed as a Cabinet Minister. The respective Colombo Stock Exchange-listed companies notified Dhammika’s resignation yesterday. The move is ahead of Dhammika’s appointment as the Minister of Investment Promotion and Technology following his... by ChooBoy - Comments: 1 - Views: 183 |
20220605  A demonstrator throws back a tear gas canister fired by police to disperse students taking part in an anti-government protest demanding the resignation of Sri Lanka's President Gotabaya Rajapaksa over the country's crippling economic crisis, in Colombo on May 29, 2022. Many middle-income and developing countries are now suffering from a combination of internal political...by ChooBoy - Comments: 0 - Views: 126 |
20220526  by God Father - Comments: 3 - Views: 756 |
20220602  ECONOMYNEXT – Sri Lanka could get as much as 6.0 billion dollars in “bridge financing” from India and talks are underway with Japan to also get funds, ex-Central Bank Governor Indrajit Coomaraswamy who is an advisor to the government said. “India has agreed to give 4.5 billion dollars,” Coomaraswamy... by samaritan - Comments: 0 - Views: 232 |
20220602 
by samaritan - Comments: 1 - Views: 236 |
20220527  The Hindu - India and Japan have agreed to work together on assisting crisis-hit Sri Lanka, the Japanese government said, following a recent meeting between Prime Ministers Narendra Modi and Fumio Kishida in Tokyo. Mr. Modi and Mr. Kishida met... by samaritan - Comments: 0 - Views: 209 |
20210622  New commodity bubble due to increase in the price of commodities by the producers likely to affect South East Asia. This is due to high worker absenteeism resulting from pandemic. Local food prices likely to increase, similarly the cost of imported food products. How will this affect the Sri Lanka Economy?  Inflation rate in Sri Lanka 2026 For the past few years, Sri Lanka’s economy has been... by CHRONICLE™ - Comments: 4 - Views: 1292 |
20220526 https://edition.cnn.com/2022/03/28/business/ceo-pay-inflation-prices/index.html  New York (CNN Business)Inflation is eating into everyone's paycheck — unless you're a CEO. ]Prices are going up just about everywhere, and corporations have been quick to blame those hikes on the cost of doing business, with labor and materials prices... by target1 - Comments: 0 - Views: 257 |
20220526  COLOMBO (News 1st); The Administrator of USAID Samantha Power has held a call with Prime Minister of Sri Lanka, Ranil Wickremesinghe to discuss how USAID is responding to the country’s political and economic crises. Administrator Power expressed her sympathy for those Sri Lankans who were killed or injured in the political unrest earlier this month. Moreover, she pledged her support to the people of Sri Lanka and committed that USAID would help the country... by samaritan - Comments: 0 - Views: 113 |
20220523  CSE Chairman Dumith Fernando was compelled to resign from the Chairmanship of the CSE prematurely without serving its full term of 3 years in office due to serious investor pressure, misconduct and clear conflict of interest in discharging his offiicial duties. Mr Fernando alleged to have placed increased emphasis and importance relating to his own business activities of Asia Securities in conflict with overall direction and objectives of the Colombo stock market and its participants.... by ChooBoy - Comments: 2 - Views: 377 |
20220523  The new Sri Lanka administration led by PrimeMinister Ranil Wickremasinghe with 44 years experience in local politics and close relations with friendly countries is making every diplomatic move to bolster the debt-ridden country’s flagging foreign reserves. The new Sri Lankan Premier is... by samaritan - Comments: 1 - Views: 319 |
20220520  The Group of Seven economic powers support efforts to provide debt relief for Sri Lanka, G7 finance chiefs said on Thursday in a draft communique from a meeting in Germany after the country defaulted on its sovereign debt, Reuters reported. by samaritan - Comments: 0 - Views: 850 |
20220518 
The Colombo stock market yesterday posted sharp gains with improved turnover as investor sentiment turned bullish. The active S&P SL20 Index gained by 5.5% and the benchmark ASPI gained by 4.4%. Turnover was Rs. 2.75... by samaritan - Comments: 3 - Views: 463 |
20220517  Main Opposition SJB Parliamentarian and Treasurer Dr. Harsha de Silva yesterday offered to give leadership to an all-party economic revival plan via a key Parliamentary oversight committee. “Given the deadlock in creating an all-party government to resolve by samaritan - Comments: 0 - Views: 204 |
20220511  - CBSL plans to provide a daily guidance range on Exchange rates movements to the interbank market, based on weighted average exchange rate of the previous day +/- a specified % - Further, operating instructions to be issued this week to banks to minimize charges on fees, margins and commissions on exchange transactions - Banks given guidance that they will have discretion to direct the export proceeds to essential imports and exporters should not instruct banks to route dollars for... by God Father - Comments: 0 - Views: 232 |
20220508 The economic crisis haunting the island is changing political equations inside and outside the country while India-China brinkmanship continues unabated  Dark clouds have gathered over the island nation of Sri Lanka girded by the emerald waters of the Indian Ocean. Clouds that presage hunger, suffering and political chaos for the people of the crisis-wracked nation. There is 45-year-old Nilanthi Kumari who sells sweetmeats in the Colombo suburb of Thalawathugoda. She used to earn a decent income but is now struggling to make ends meet. She says the prices of wheat flour, sugar and coconut... by CHRONICLE™ - Comments: 0 - Views: 209 |
20220505 by target1 - Comments: 1 - Views: 344 |
20220504  By Marc Jones LONDON (Reuters) – Global supply chain problems look to set to worsen, a new report published on Tuesday said, as China’s COVID-19 lockdowns, Russia’s invasion of Ukraine and other strains cause even longer delays at ports and drive up costs. by samaritan - Comments: 0 - Views: 244 |
20220503  ECONOMYNEXT – Sri Lanka tourism arrivals dipped 40 percent in April resulting in the lowest number of arrivals in the last three months of 2022, official data showed. According to data shared by the Sri Lanka Tourism Development Authority (SLTDA,) only 62,980 tourists had arrived in April compared to 106,500 the previous month. March was also the month Sri Lanka had welcomed the highest number of travellers since August 2021 when the country fully opened... by CHRONICLE™ - Comments: 0 - Views: 176 |
20220422 As the brothers helming the government struggle with a spiraling economic crisis, they still have legislators and generals behind them—for now.  by ChooBoy - Comments: 10 - Views: 802 |
20220501 by ChooBoy - Comments: 0 - Views: 247 |
20220430  [size=24]Ports are already snarled, with the $22 trillion trade in global goods facing months of severe disruption.[/size] [size=20]China’s stringent rules to curb Covid-19 are about to unleash another wave of summer chaos on supply chains between Asia, the U.S. and Europe. Beijing’s zero-tolerance approach amid... by samaritan - Comments: 0 - Views: 197 |
20220427  ECONOMYNEXT – Sri Lanka’s stocks and sovereign bonds which are trading at steep discounts are an investment opportunity, emerging market investor Mark Mobius said as a sof-pegged exchange rate regime failed after output gap targeting and the country defaulted on its foreign debt. The... by samaritan - Comments: 0 - Views: 232 |
20211120  by God Father - Comments: 2 - Views: 1048 |
20220117  COLOMBO (News 1st); Inflation is the cause for the rise of the Colombo Stock Exchange (CSE) in recent times, while the same reason has driven Sri Lanka to have an economic crisis, says CSE Chairman Dumith Fernando. Concerns have arisen as to when the country is doing relatively poor in terms of its economy, as to how the stock market on an ever growing upward trend. ]Speaking at the CSE press conference on Wednesday (12) evening, the Chairman of the Colombo Stock... by samaritan - Comments: 1 - Views: 1197 |
20220421  Photo Credit: K Naridasa By Hiran H.Senewiratne The current US dollar crisis has negatively impacted the CSE’s foreign investors. It has confronted them with difficulties in repatriating dividend payments made to them by companies, along with other financial gains, CSE chairman, Dumith Fernando said. ‘It is beyond the CSE’s control to resolve their problem. But we have already informed the Central... by ddindika - Comments: 3 - Views: 318 |
20220415  During the last monitory policy review, CBSL increased the interest rates by 7%! This was an unprecedented increase, an increase of almost 100%, compared to previous rate! As a result of this, at 11th April’s treasure bill auction , one year TB rate went upto 24%! This is a complete disaster Mr Governor! Do you expect inflation to come down by rincreasing the interest take? Do you expect more dollars to come into the country by increasing the rupee interest rate? Do you expect... by God Father - Comments: 8 - Views: 1336 |
20220419 
Central Bank Governor Dr. P. Nandalal Weerasinghe last week faulted the 13 April Daily FT headline ‘SL declares bankruptcy’ (ft.lk/top-story/Sri-Lanka-declares-bank-ruptcy/26-733409), saying the country is not bankrupt... by samaritan - Comments: 0 - Views: 182 |
20220417 by target1 - Comments: 0 - Views: 170 |
20220417 by target1 - Comments: 0 - Views: 163 |
20220402 Will SEC exercise its powers to close CSE next week?  by God Father - Comments: 3 - Views: 580 |
20220414  The market’s poised on a knife-edge as the prime minister holds meetings and spells out priorities in a desperate attempt to avoid not just outright economic collapse, but also mitigate damage from default down the road. It’s not very often, after all, that you see possibly the largest one-time rate hike by the CBSL (Central Bank of Sri Lanka), that too in an emergency meeting ahead of schedule, and also attempt to control record stock market crash within next few days. by ddindika - Comments: 0 - Views: 363 |
20220414  Sri Lanka’s President Gotabaya Rajapaksa has a fetish for fiasco. The Indian Ocean island is a basket case for several reasons. Covid-19 decimated dollar earnings from tourism; the resulting increase in social spending ballooned public debt. Then came the war in Ukraine, worsening shortages of food, fuel and foreign currency. But the lion’s share of the blame must go to the strongman’s quixotic policies. Rajapaksa has presided over the economy’s undoing: It... by ddindika - Comments: 0 - Views: 208 |
20220413  Sovereign debt is regularly in the news even though we may not realize it. Several poor countries keep defaulting on their debt. This occurs more frequently with countries in Latin America and Africa. People have a limited understanding of how sovereign debt works. This is because sovereign debt is a bit counter-intuitive. It is true that countries borrow money just like companies and must repay them in a similar fashion. If a company fails to repay the debt, it must face the consequences of... by God Father - Comments: 0 - Views: 313 |
20220413 by ChooBoy - Comments: 0 - Views: 514 |
20220406 by samaritan - Comments: 0 - Views: 299 |
20220403  Since 2010, Sri Lanka witnessed a sharp rise in foreign debt, reaching 88% of the country's GDP in 2019. The onset of the COVID-19 pandemic induced global recession accelerated the crisis and by 2021, the foreign debt rose to 101% of the nation's GDP, causing an economic crisis. Several protests were staged by the political opposition demanding the current administration to solve the financial crisis and to immediately resign in wake of the wider economic crisis. by God Father - Comments: 3 - Views: 605 |
20220404 by ResearchMan - Comments: 1 - Views: 230 |
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