The Colombo stock market began a fresh week on a strong note with sharp increase in both indices and an improved turnover. The active SandP SL20 gained by 3% and the benchmark ASPI by 2%. Turnover was Rs. 2.45 billion involving over 77 million shares. Asia Securities said the market…
Steps were being taken to implement the demerit point system for the driving license from January next year, State Minister Lasantha Alagiyawanna said today.
Sri Lanka’s debt spree persists despite being declared unsustainable judging by latest data released by the Central Bank. Outstanding domestic debt crossed the Rs. 13 trillion mark in July and since the end of last year it has swelled by Rs. 2 trillion. Foreign debt amounted to Rs. 11.6 trillion,…
Marking its most recent effort to reward its loyal customers, Seylan Cards recently announced the launch of an exclusive promotion for the benefit of all Seylan World Mastercard cardholders. One lucky Seylan World Mastercard cardholder will receive an Omega timepiece worth over Rs. 2 million at the end of the…
Sri Lanka came back strongly in the second ODI with their spinners putting on a fine performance to dismiss Afghanistan for 228 off 48.2 overs but ran into a roadblock when the weather turned foul just 2.4 overs into their run chase when they had wiped out 10 of those…
After a resounding success in the 1st edition of Engineering and Healthcare Show in February 2022, the Trade Development Authority of Pakistan (TDAP) is organising the 2nd edition from 23 to 25 February 2023 at Expo Centre Lahore. The exhibition will target over 400 business delegates from Sri Lanka along…
Green bonds can help to achieve the goal of a low-carbon world, and cumulative issuances have already reached $ 1 trillion. As the market for green bonds continues to grow, investors need to understand how these instruments differ from traditional bonds. Keeping the above in mind, the Securities and Exchange…
There is an unwarranted public debate taking place in Sri Lanka today. That is, of the three Central Bank governors in the last three years, W.D. Lakshman, Ajith Nivard Cabraal, and Nandalal Weerasinghe, who has printed the biggest quantity of money leading to the present galloping inflation recorded at about…
Lander, headquartered in Spain, designs, manufactures, installs and maintains railway and automotive driving simulators in five continents for over two decades. With a workforce of more than 110 employees, Lander is one of the leading companies in developing the most advanced driving simulators and it develops new solutions that solve…
The latest gesture of goodwill from China was demonstrated yesterday when 10.6 million litres (9,000 tons) of diesel was received free of charge at the Colombo port. “Oil tanker “Super Eastern” carrying the diesel consignment berthed at the Colombo port. This diesel consignment will be distributed among farmers and fishermen…