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Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka
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20201118  Authors, Writers and Publishers can now post their articles on the 'EXPERT OPINION" section which will appear on the front page of the FINANCIAL CHRONICLE. Only the Moderators, Experts user-groups are allowed to post articles in the section. Other members are only allowed to comment. When posting ensure the articles start with a relevant photo for the subject and followed by the written content of the author. If you are interested in becoming an author please let us know in order to... by Quibit - Comments: 2 - Views: 885 |
20210622  Top 20 Listed Companies by Financial Chronicle based on user engagements and views. https://www.srilankachronicle.com/f1-corporate-chronicle by CHRONICLE™ - Comments: 0 - Views: 159 |
20210622 
by samaritan - Comments: 0 - Views: 234 |
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: 0 - Views: 207 |
20210619  ‘The New Normal’ by CHRONICLE™ - Comments: 1 - Views: 627 |
20210619 by God Father - Comments: 0 - Views: 305 |
20210511 We have carried out a detailed analysis of the business operations of PLR to arrive at an average of the Discounted Cashflow based valuation method and P/E multiples based method on trailing 12 months’ earnings and forward earnings, and the results have been summarized below.  We estimate the Ordinary Voting Shares of PLR to have an average fair value per share of LKR 17.39, given the Company’s operational and strategic dynamics and industry dynamics of the residential real estate industry in... by God Father - Comments: 68 - Views: 7250 |
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 Lotus Eater - Comments: 1 - Views: 559 |
20210616  [size=11]By Duruthu Edirimuni Chandrasekera View(s): 1799[/size] With the South Asian, and African markets under its belt, the LOLC Group – Sri Lanka’s most profitable conglomerate – has set its sights on... by samaritan - Comments: 0 - Views: 386 |
20210615  Forecast Government Debt to GDP in Sri Lanka is expected to reach 92.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Government Debt to GDP is projected to trend around 89.50 percent in 2021 and 84.50 percent in 2022, according to our econometric models. Statistics by CHRONICLE™ - Comments: 0 - Views: 194 |
20210615 Fitch Ratings - Hong Kong - 14 Jun 2021: Fitch Ratings has affirmed Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'CCC'.  KEY RATING DRIVERS Sri Lanka's 'CCC' rating reflects a challenging foreign-currency sovereign external debt repayment burden over the medium term, low foreign-exchange reserves and high and rising government debt that gives rise to sustainability risks. External liquidity pressures have eased somewhat... by CHRONICLE™ - Comments: 1 - Views: 245 |
20210615  The Sri Lankan government is facing a budget and revenue crisis triggered by the mitigation measures taken to reduce the spread of Covid-19. This crisis, despite its many downsides, might be an opportunity for the government to rise above vested interests and improve the implementation of cigarette taxation. This Insight shows that cigarettes taxes and prices have not been adjusted upwards in keeping with the fundamentals of fiscal management. In the midst... by CHRONICLE™ - Comments: 0 - Views: 122 |
20210615  One thousand new bridges will be added by December making the whole Sri Lanka one big metropolis, Chief Government Whip and Highways Minister Johnston Fernando said yesterday. He was speaking to the media after participating in a progressive review meeting at his ministry along with officials to evaluate the 5,000 bridges... by samaritan - Comments: 0 - Views: 231 |
20210611  The Chinese and US commerce ministers agreed to push forward trade and investment links in their first call since the start of the Joe Biden administration. Chinese Commerce Minister Wang Wentao and his counterpart Gina Raimondo “agreed to promote the healthy development of pragmatic cooperation in trade and investment”, in a phone call... by samaritan - Comments: 2 - Views: 469 |
20210611  BIL, VOne and LOLC are among the biggest investments, PLR is the biggest loss maker. Buy: LOFC, VOne Hold: BIL, LOLC Watch: PAP, CTBL and PABC Sell: RAL Forget: PLR by Quibit - Comments: 7 - Views: 1295 |
20210612    Sri Lanka fuel prices after revision. Still much lower than other South Asian countries. Sources: www.globalpetrolprices.com, World Bank, and Central Bank of Sri Lanka. by ChooBoy - Comments: 5 - Views: 522 |
20210611  The 2021 Invest Sri Lanka Forum, organised by the Board of Investment, The Ceylon Chamber of Commerce and the Colombo Stock Exchange, which... by samaritan - Comments: 5 - Views: 414 |
20210610  CSE has 284 Listed Companies, classified using Global Industry Classification Standard (GICS) into 19 Industry groups and 10 sectors. Among these we have 279Equity Listed companies, 05 Debt-only Listed companies and 29 Debt and Equity listed companies. We have... by samaritan - Comments: 1 - Views: 402 |
20210609  CHRONICLE Index is based on Independent Analysis of the Stock Market Sentiments by SEO Experts.by CHRONICLE™ - Comments: 1 - Views: 299 |
20210609  CORONAVIRUS DISEASE 2019 (COVID - 19) (TEMPORARY PROVISIONS) Ordered to be published by the Minister of Justice A Bill to make temporary provisions in relation to situations where persons were unable to perfom certain actions required by law to be performed within the prescribed time periods due to Covid - 19 circumstances; to assign alternative courts where a court cannot function due to Covid - 19 circumstances; to conduct court proceedings using remote... by CHRONICLE™ - Comments: 0 - Views: 234 |
20210606  The first of three new ‘special purpose vehicles’ (SPVs) under the Treasury-owned Selendiva Investments (Pvt) Ltd is to be registered next week to raise capital for the development and revival of three hotel properties: the long-overdue Grand Hyatt Colombo, Colombo Hilton and the Grand Oriental Hotel (GOH). The SPV–the name of which is yet to be revealed–will also seek to infuse funds into a subsidiary created last year under Waters Edge called Waters Edge Recreation... by CHRONICLE™ - Comments: 0 - Views: 340 |
20210604 Rice Value Chain  The rice value chain operates under a highly protected environment. The Paddy Marketing Board (PMB) was established in 1970 as the government-authorized body to purchase, sell, supply, and distribute paddy (unhulled rice) and to mill paddy and polish and prepare rice (PMB 2010). The PMB, a key actor in the value chain, was abolished in the early 1990s and reestablished in 2005. The PMB restarted purchasing paddy from farmers in 2008. The PMB also maintains... by CHRONICLE™ - Comments: 0 - Views: 176 |
20210506  Tax benefit As per the 2021 Budget proposals, with effect from April 1, 2021 expenditure incurred by any financial institution by way of cost of acquisition or merger of any other financial institution (cost will be ascertained by considering all the facts on case-by-case basis and as confirmed by the CBSL) will be tax deductible. Total deductible expenditure shall be apportioned in equal amounts over a period of three years of assessment and be deductible from... by CHRONICLE™ - Comments: 3 - Views: 2744 |
20210602  The Cholera pandemic during the early 1830s hit France hard. It wiped out nearly 3% of Parisian, and hospitals were flooded with patients and doctors who could not understand the disease. At the end of the plague, France, along with Britain, subscribed to the industrial... by ChooBoy - Comments: 1 - Views: 350 |
20210602  [ltr]Sri Lanka Podujana Peramuna MP S. B. Dissanayake stated that through the implementation of the Colombo Port City Development Project (CPCP), the government is hoping to attract at least three or four Fortune 500 companies into the country.[/ltr] [ltr]Addressing the media at the weekly media briefing, Dissanayake said... by samaritan - Comments: 3 - Views: 608 |
20210602 
by samaritan - Comments: 3 - Views: 892 |
20210531  Ceylon Chamber of Commerce Chairman Dr. Hans Wijayasuriya (left) and Colombo Stock Exchange Chairman Dumith Fernando Online platform of eminent speakers to run parallel tracks to serve investors from around different time zones The Sri Lanka Investment Forum 2021, a three-day virtual event to engage and attract foreign investment into Sri Lanka will commence on 7 June. The forum, jointly hosted by the Board of... by samaritan - Comments: 0 - Views: 211 |
20210531  Beijing’s action is part of an aggressive encirclement strategy that India must counter On 20 May, the Sri Lankan parliament passed the Colombo Port City Economic Commission Bill that lays out the country’s legal framework governing the China-financed project built on land reclaimed from the Sri Lankan capital’s seafront, adjoining Colombo’s port. The bill effectively turns these 660 acres into Chinese sovereign territory. But this should not come as a... by Lotus Eater - Comments: 0 - Views: 230 |
20210530  The Government has decided to open to the private sector the business of supply, refining and distribution of petroleum products which are at present handled by the Ceylon Petroleum Corporation (CPC). Accordingly, the Government has decided to amend the Petroleum Corporation Act No. 28 of 1961 so that the authority of... by samaritan - Comments: 1 - Views: 338 |
20210527  Sinovac, China’s other front-runner COVID-19 vaccine, will be manufactured in Sri Lanka, says State Minister of Production, Supply and Regulation of Pharmaceuticals Prof. Channa Jayasumana. Developed by Beijing-based biopharmaceutical company ‘Sinovac’, the vaccine is officially... by samaritan - Comments: 0 - Views: 283 |
20210523 Virtual Assistant BOT's are now active in Sri Lanka Financial Chronicle. Feel free to interact with the BOT.  by CHRONICLE™ - Comments: 1 - Views: 353 |
20210524  State Pharmaceuticals Corporation (SPC) Chairman Dr. Prasanna Gunasena yesterday expressed the hope that the spread COVID-19 pandemic can be arrested by June end. Dr. Gunasena said that plans have been drawn to completely control the pandemic in the country with the vaccination of the targeted population by the end... by samaritan - Comments: 0 - Views: 407 |
20210522  Sri Lanka’s central bank is looking at giving some relief to borrowers who are having difficulties in making loan repayments due to a third Coronavirus wave, though it may not be a sweeping moratorium, Deputy Governor Yvette Fernando said. “We have started discussions with banks and finance houses association to see how and what kind of facilitation we can give the borrowers, because we understand there can be payment delays because of closure of certain businesses,”... by Sstar - Comments: 1 - Views: 437 |
20210523  The State Pharmaceuticals Corporation of Sri Lanka (SPC) has been able to secure 32 million doses of COVID-19 vaccines for Sri Lanka, SPC Chairman Dr Prasanna Gunasena said. He said this during a meeting held with President Gotabaya Rajapaksa and other officials at the Presidential Secretariat... by samaritan - Comments: 1 - Views: 283 |
20210521 [size=33]  [/size]Port City Colombo, Sri Lanka’s brand-new reclaimed land, slated as the ‘Gateway to South Asia’ said yesterday it is now officially the country’s first service-oriented Special Economic Zone (SEZ). The Sri Lankan Parliament yesterday adopted a powerful Bill enabling a giant step in Port City Colombo becoming a pivotal global financial and services hub for South Asia. The act provides... by samaritan - Comments: 1 - Views: 463 |
20210520  The Colombo Port City Economic Commission Bill has been passed with a majority in Parliament today. The debate on the bill commenced yesterday and was continued for the second consecutive day today, after which a vote was held at the end of the debate. During the vote, 148 MPs voted in favour, while... by samaritan - Comments: 1 - Views: 597 |
20210520 Bitcoin Price Today: The price of the famously volatile digital currency fell nearly 30% at one point after the China Banking Association warned member banks of the risks associated with digital currencies. The decline narrowed to below 10% in the afternoon, but Bitcoin had still lost about $70 billion in market value in 24 hours.  Even by Bitcoin's standards, Wednesday was pretty wild. The price of the famously volatile digital currency fell nearly 30% at one point after... by Lotus Eater - Comments: 0 - Views: 450 |
20210518  [size=18]By Shamindra Ferdinando[/size] SLPP Chairman Prof. G. L. Peiris says amendments proposed by government lawyers in respect of the Colombo Port City Economic Commission Bill submitted to the Supreme Court, through the Attorney General’s Department, would be incorporated into the Bill along with the amendments proposed by the Supreme Court. by samaritan - Comments: 1 - Views: 593 |
20210514 Sri Lanka Bonds Go From Asia’s Worst to Best After China Loan By Karl Lester M Yap May 14, 2021, 3:30 AM GMT+5:30  by samaritan - Comments: 3 - Views: 593 |
20210516 Paxful's crypto trading volume in 2021 has more than tripled compared to all of 2020. Ravipriya Bandara, a 30-year-old marketing strategist and corporate trainer from Sri Lanka, had his work hours reduced amid nationwide lockdowns during the first wave of COVID-19.  With more time on his hands, Bandara started looking for investment opportunities and came across a conversation on Facebook about bitcoin (BTC, -10.84%). Bandara was soon introduced to an online community of crypto enthusiasts from various parts of the island. “I didn’t know crypto... by CHRONICLE™ - Comments: 0 - Views: 230 |
20210503  PABC bank is accused of encouraging Japanese to launder money through PABC Bank with the assistance of Japanese Directors which has caused in a huge foreign currency controversy and legal cases against the bank resulting in the resignation of the Chairman and the head international banking Thilani Pieris. Japanese Director, Takshi Igarshi, Takaya Toshiyaki seems to have acted in concert with Thilani Piries and former Chairman of PABC which has resulted in the latest wave of resignations at PABC. by God Father - Comments: 3 - Views: 5632 |
20210429  Sri Lanka surpassed US$ 1 billion in exports in March 2021 after a lapse of six months period, the Export Development Board said. As per the Customs statistics, earnings from merchandise exports recorded double-digit growth of 62.47% in March 2021 on y-o-y comparison – the March figure being US$ 1,066.1 Mn. by samaritan - Comments: 0 - Views: 390 |
20210412  Amid the COVID-19 pandemic, Sri Lanka’s economy contracted by 3.6 percent in 2020, the worst growth performance on record, as is the case in many countries fighting the pandemic. Swift measures enacted by the government in the second quarter helped contain the first wave of COVID-19 successfully, but these measures hit sectors like tourism, construction, and transport especially hard, while collapsing global demand impacted the textile industry. Job and earning losses disrupted private... by CHRONICLE™ - Comments: 1 - Views: 838 |
20210412  This pandemic has exposed the digital divide. While the findings from the simulations above largely play out along existing economic divides, access to digital technology has become another dimension of inequality. It operates in multiple ways. Firstly, teleworkers who can perform their jobs from home are more protected from the health risks of the pandemic. Data on morbidity and mortality rates related to COVID-19 in other countries show that essential workers, many in healthcare and retail,... by CHRONICLE™ - Comments: 0 - Views: 289 |
20210412  The pandemic likely exacerbated pre-existing financial sector vulnerabilities, although the full impact of COVID-19 cannot yet be observed due to regulatory relaxation. Non-bank financial institutions were already weak before the crisis. Problems of Licensed Finance Companies (LFCs) and Specialized Leasing Companies (SLCs) grew in 2020 with rising Non-performing loans (NPLs) (Fig- ure 7), tighter liquidity, and weak financial performance. To support the sector, CBSL relaxed... by CHRONICLE™ - Comments: 0 - Views: 246 |
20210412  COLOMBO: Sri Lanka secured a US$500 million loan from China Monday (Apr 12) in a desperate bid to shore up its foreign exchange reserves as the local currency hit a record low. The Sri Lankan embassy in Beijing said the loan agreement with the China Development Bank will "infuse vitally required foreign exchange" into the island's pandemic-battered economy. It is the second Chinese loan made in less than three weeks. Last month, the People's Bank of China... by CHRONICLE™ - Comments: 0 - Views: 371 |
20210410  South Asia’s first Disneyland will be built in the proposed Bopitiya leisure Park in Sri Lanka, the Daily News reported. It will be created by Korea Cavitation Co. a company with Investments from Malaysia and Korea. President of Korea Cavitation Co. Baekgeum Kim and the representative of... by samaritan - Comments: 2 - Views: 624 |
20210409 Sri Lanka bans palm oil imports, tells producers to uproot plantations  REUTERS/Willy Kurniawan/File Photo COLOMBO/MUMBAI (Reuters) - Sri Lanka on Monday banned imports of palm oil and new palm plantations, and told producers to uproot existing plantations in a phased manner, in a surprise move that baffled the edible oil industry. Palm oil imports and the number of plantations have been increasing in recent years in Sri Lanka, a leading producer of coconut oil. by CHRONICLE™ - Comments: 0 - Views: 329 |
20210403  https://pdfhost.io/v/52erbfzE7_Asia_Capital_Research_Paper.pdf Asia Capital PLC started as a securities trading company in the early 1990s, specialising in stock brokering, and later expanded its business portfolio to encompass the larger share of the investment banking market in Sri Lanka. As Asia Capital PLC (ACAP), the company ventured into diverse industries and sectors... by Lotus Eater - Comments: 0 - Views: 615 |
20210401 
Sri Lanka is expected to unleash a burst of economic activity this year, as the pandemic fades and the people and businesses are resuming activities that were put off last year, possibly... by samaritan - Comments: 0 - Views: 426 |
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