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FINANCIAL CHRONICLE™

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Global announcement&Announcement & Sticky [1]

20210923
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by CHRONICLE™ - Comments: 1 - Views: 337
20210923

by samaritan - Comments: 5 - Views: 946
20210928
EXPERT CHRONICLE™ Image_67245e9ddb

Market sentiments have improved and most of the difficult period is behind us
 
Earlier I have given a target of 10,000 by 31 December 2021; 12,500 by 31 May 2022; 15,000 by 31 December 2022; and 30,000 by 31 December 2025. I am more convinced now to revise my target to 15,000 by 31 March 2022.

by samaritan - Comments: 0 - Views: 178
20210503
EXPERT CHRONICLE™ Chairm10

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: 4 - Views: 6595
20210916

by samaritan - Comments: 0 - Views: 151
20210915
EXPERT CHRONICLE™ 1528798850060?e=2159024400&v=beta&t=kAPSJVNUF-jfhY1Xn9W6Qxy_o7kUWOKKRW9IbTMph-k





by samaritan - Comments: 1 - Views: 557
20210916
EXPERT CHRONICLE™ 9wmveldq1ti?alt=media&token=4199f8ab-1776-453b-a292-57d4ba05e6b0


Information Technology and consultation is one of the steady growth sectors in Sri Lanka for the recent past and especially in the COVID19 era. It accounts 9.8Bn under GDP current price, which has grown by an average of 25.7% in the last three quarters. GDP constant price accounts 5.9Bn with an average growth of 21% in the...

by samaritan - Comments: 0 - Views: 153
20210916
EXPERT CHRONICLE™ Cabral

The Central Bank will soon announce a policy package in the form of a short-term Roadmap to provide clarity with regard to the movement of Sri Lanka’s macro-economic fundamentals, Central Bank Governor Ajith Nivard Cabraal said after taking office yesterday.
“The Central Bank’s first and urgent priority under my watch, will be...

by samaritan - Comments: 0 - Views: 197
20210719
EXPERT CHRONICLE™ 5d776213817bcf196205be3ddba638c9

[size=11]By Duruthu Edirimuni Chandrasekera
[/size]
LOLC Holdings PLC’s strategic investment arm, Browns Investments through its subsidiary, BI Leisure Holdings is on the lookout for more hotels in Mauritius on the back of acquiring PL Resort Limited (there) and in such similar destinations, senior officials said.

by samaritan - Comments: 14 - Views: 3303
20210914

by samaritan - Comments: 4 - Views: 789
20210913
What would be tomorrow's market behaviour?
My feeling is it will IMPROVE a lot  due to below reasons:
1. Covid situation getting better and country will be opening next week.
2. Today's drop is due to big scale Margin Traders who wanted cash on friday (T+4) aiming for country reopening next week
3.New CBSL governor's arrival and hope for EPF entering back into capital markets 
4.One year FDs which were opened last Sep 2020 befor CBSL rate cut ( enjoyed at two digits interest rates) are to mature during month resulting lesser returns 

Only negative scenario is...

by Sihas005 - Comments: 8 - Views: 1322
20210913
EXPERT CHRONICLE™ Ia10

The controversial investment advise given by a leading Research/brokering company in Sri Lanka when stock Market has reached its peak ASI- 9308 which is to date is the all time high. Above screen shot is the only available proof of the above the ill advise given to equity investors. Original Tweet sent by the Capital Trust has been deleted and is not available in their twitter anymore. https://twitter.com/CapitalTrustRe

by ChooBoy - Comments: 3 - Views: 993
20210912
The new Securities and Exchange Commission (SEC) Act, passed by parliament on Tuesday has Twitter promoters on high alert.
Especially its section 130 has seen them playing on the back foot this week as it specifically deals in falls and/or misleading statements. “This section prohibits making statements or disseminating information which is false or misleading and likely to raise, lower, maintain or stabilise price or volume of securities traded without reasonable care concerning the accuracy and with the knowledge that the information is false or misleading. One must be careful from...

by J-CAT - Comments: 1 - Views: 358
20210912
[size=11]Cash strapped for foreign exchange, Sri Lanka’s Central Bank (CB), during a meeting on Wednesday, turned to some of the nation’s key exporters for help as the compulsory 25 per cent conversion of exporter dollar hadn’t worked and as a result of which they are now hinting at further dipping into exporter savings.[/size]
The virtual hour-long meeting was held with the participation of the CB Governor Prof. W.D. Lakshman, Deputy Governor N.W.G.R.D. Nanayakkara...

by J-CAT - Comments: 3 - Views: 691
20210912

by samaritan - Comments: 1 - Views: 566
20210909
wasn't this center of attention when the Terminal of the Colombo port was assigned for development to the Indian company and John Keells Holdings PLC?

by reyaz - Comments: 4 - Views: 699
20210912
The Government has sought a US$ 500 million loan from the World Bank for the construction of rural roads and an agricultural project, a senior Treasury official said.
 
Talks are underway for the loan to construct some 3000km of roads for which US$ 450 million has been sought while US$ 50 million is for the construction of warehouses and collecting centres for agricultural projects, he said.
 
The repayment period will start 10 years later and payment of the loan will be completed in 2049.
 
The road construction projects will begin from the Sabaragamuwa Province and...

by J-CAT - Comments: 0 - Views: 205
20210909
EXPERT CHRONICLE™ 1631115644_3881855_hirunews



State Minister Ajith Nivard Cabraal stated that he believes that around Rs 100 Billion will come into the market in the future through the new Finance Act passed by the Government.



Addressing a press conference at Ministry of Finance the State Minister further stated...

by samaritan - Comments: 4 - Views: 939
20210909
No new posts   

SINGHA SINHA

 

SINHA HOSPITELS
Seems like SINHA is upfor a move
and this it the last chance to buy it seems

by stockchaser - Comments: 0 - Views: 266
20210908

by ResearchMan - Comments: 3 - Views: 588
20210908
EXPERT CHRONICLE™ Technopole-ester-limoges-parc-activites

ECONOMYNEXT – Sri Lanka will set up a state company to develop technology parks and list it in the stock market to raise funds, the state information office said.
Technology Park Development Company, fully owned by the Secretary to the Treasury will set up give tech parks in Galle, Kurunegala, Anuradhapura, Kandy and Batticaloa...

by samaritan - Comments: 0 - Views: 143
20210907
EXPERT CHRONICLE™ 1

[size=16]Container lines racked up a staggering $28.6bn in profits in the second quarter of the year a 13-fold improvement on a year earlier.
Marcus Hand | Sep 06, 2021[/size]


The McCown Container Results...

by samaritan - Comments: 2 - Views: 321
20210906
EXPERT CHRONICLE™ Image_f666acf348

EXPERT CHRONICLE™ Image_fa68c608b1

  • [b]Number of CDS accounts up 55% since 2010[/b]

  • [b]Rise in all categories of local individuals, companies as well as foreign companies[/b]

  • [b]Locals now account for record-high...

by samaritan - Comments: 1 - Views: 311
20210905
EXPERT CHRONICLE™ 25-Chinese

Many large Chinese companies, including State Owned Enterprises (SOEs), have expressed genuine interest in investing in Sri Lanka at a crucial  time when we are seeking foreign investments to facilitate the speedy recovery of our economy,  Ambassador of Sri Lanka in China, Dr. Palitha Kohona  told the Sunday Observer Business recently.

by samaritan - Comments: 0 - Views: 307
20210905
EXPERT CHRONICLE™ PtkI0QJ5maBAxOAMGicgHiMzjunsgfuh

Sri Lanka recorded the world's most COVID-19 vaccinations by percentage of population last week. 
This was recognized by Our World in Data, a data analysis website related to COVID-19. 
They pointed out that 13% of the Lankan population has been vaccinated against COVID-19 during the past...

by samaritan - Comments: 0 - Views: 217
20210904
EXPERT CHRONICLE™ How-NFTs-non-fungible-tokens-might-play-a-role-in-international-trade

You might have heard a lot of hype around these things called NFTs, or non-fungible tokens. How can these digital things be selling for millions of dollars? TFG investigates

Non-fungible what now? If you poke your nose around the blockchain space these days you have almost certainly heard a lot of hype around these things called NFTs, or non-fungible tokens. How can these digital things...

by CHRONICLE™ - Comments: 1 - Views: 219
20210831
EXPERT CHRONICLE™ Screen65

Renewed Optimism
Surmounting unexpected challenges has been the order of the day in 2020. Unfortunately, all business problems impact us in different ways, ranging from demotivation to rejuvenation. At Asia Capital, we chose to remain in the optimistic spectrum as we strive to overcome new obstacles with innovative strategies and solutions. This has kept us resilient in the past and will drive us in the future.

Whilst we endeavour to remain buoyant and enthusiastic...

by CHRONICLE™ - Comments: 2 - Views: 825
20210831
EXPERT CHRONICLE™ Good-news-concept-metal-letterpress-type-picture-id479607780?k=20&m=479607780&s=612x612&w=0&h=iEdyO5WP4J4KgB4CfqvvJPb_ITxwyB4XLvplYWjSQ28=

Mass vaccination to bear fruit shortly



  • Effect to be visible in terms of reduced cases, hospitalisations and deaths

  • WHO says that all vaccines approved by it were effective against the disease

by samaritan - Comments: 5 - Views: 974
20210902
EXPERT CHRONICLE™ E-qamo10

Earlier it was the unscrupulous bankers, exporters and importers who used machinations and manipulations to make some super profits from the USD/LKR exchange rate at the expense of the country’s foreign reserves with some top Central Bank officials also seem to be aiding and abetting.

Now its the unscrupulous hoarders who are trying to create artificial shortage of food whilst there is no shortage of food in Sri Lanka. These organized gangs disseminate fake news locally and internationally...

by God Father - Comments: 0 - Views: 335
20210901
EXPERT CHRONICLE™ E-h8mh10

The Colombo Stock Exchange (CSE) yesterday tweeted saying the market still remains attractive in terms of Price Earnings Ratio (PER).

It said: “The price-to-earnings ratio (PER) indicates the price of the market in comparison to the underlying earnings of the listed companies. The current PER’s are extremely attractive considering historical valuations and indicates further record numbers for the...

by samaritan - Comments: 3 - Views: 479
20210902
EXPERT CHRONICLE™ Screenshot_20210901-143713_Gmail

Chairman of the National People's Congress (NPC) Standing Committee (Speaker of the Parliament of the People's Republic of China) Li Zhanshu assured Speaker of Parliament Mahinda Yapa Abeywardena that the Chinese government will do its utmost to help overcome the economic challenge as well as the COVID challenge in Sri Lanka


by samaritan - Comments: 1 - Views: 213
20210902
EXPERT CHRONICLE™ 5a35bd04a1e122ecc8447f385865412c_L

Finance Minister Basil Rajapaksa has stated the government will take necessary measures to establish the regional headquarters of China Development Bank at Port City.

He added that Sri Lanka was looking forward to China’s  assistance towards investment projects.

He aired these views during a special Zoom discussion yesterday...

by samaritan - Comments: 0 - Views: 173
20210830
EXPERT CHRONICLE™ Sri-Lanka%E2%80%99s-LOLC-records-historic-profits-in-country%E2%80%99s-corporate-sector


  • [b]Says global expansion strategy cements Group’s position as world’s largest multi-currency, multi-geographic microfinance service provider[/b]

  • [b]Makes parallel investments in Tajikistan in Central Asia by acquiring 75% stake in microlender and two microfinance companies fully in Malawi and Tanzania in East Africa [/b]

by samaritan - Comments: 1 - Views: 415
20210831

by target1 - Comments: 0 - Views: 269
20210830
EXPERT CHRONICLE™ 2021-07-20T090236Z_1_LYNXMPEH6J0EM_RTROPTP_3_BUSINESS-CURRENCY_1630299024042_1630299035237

The Indian rupee today surged against the US dollar amid broad weakness in the greenback and a rally in domestic equity markets. The rupee rose to two-month high of 73.37 per US dollar in early trade as compared to previous close of 73.69. Most Asian emerging currencies firmed modestly today, as the dollar nursed losses after US Federal Reserve Chairman Jerome Powell on Friday indicated that the central...

by target1 - Comments: 0 - Views: 222
20210830

by samaritan - Comments: 0 - Views: 308
20210827
EXPERT CHRONICLE™ E9we2m10

As the Colombo Stock Exchange continues to set new daily records, defying the effects of the broader economy from the lockdowns in effect since last Friday, First Capital Research (FCR) said it was time to cut exposure to equity and increase the cash holdings, as the All Share Price Index (ASPI) breached its fair value, which is at between the 7,500 and 8,000 range, a stance the research firm held since June this year.

Sri Lanka’s shares hit new back-to-back highs on Monday...

by CHRONICLE™ - Comments: 0 - Views: 585
20210826
EXPERT CHRONICLE™ E3de2989-617db830-07c935d1-world-bank_850x460_acf_cropped_850x460_acf_cropped

Thursday August 26, 2021 10:40 am

[size=18][size=18]ECONOMYNEXT – World Bank credits and grants are funding Coronavirus vaccines, intensive care units, test kits, as well as 5,000 rupee cash grants for people in lockdown, a program review shows.

by samaritan - Comments: 0 - Views: 200
20210825
EXPERT CHRONICLE™ Eng_banner


  • [b]319 large-scale development projects costing Rs. 1 t carried out by 43 ministries come under review[/b]

  • [b]Only 55% of target expenditure incurred by 1Q due to COVID-19 [/b]

  • [b]Lagging projects to be fast-tracked by newly created Ministry of Development Coordination and Supervision helmed by Namal Rajapaksa[/b]



by samaritan - Comments: 0 - Views: 196
20210819
EXPERT CHRONICLE™ 32aab610
👉Toshiake Tanaka resigns from Asia Capital PLC amidst audit investigation and acute conflict of interest.

👉 Raju Radha appointed to the Executive Committee of Asia Capital PLC


by CHRONICLE™ - Comments: 2 - Views: 773
20210118
EXPERT CHRONICLE™ Screenshot_20210116-002513_Zoho-Mail

Billionaire investor Nathaniel Rothschild paid a visit to Sierra Cables PLC on Friday the 15th of January to discuss possible business collaboration.


The British-born financier and a member of the Rothschild family, who is on a business visit  to Sri Lanka was welcomed at Sierra Cables factory and office premises in...

by samaritan - Comments: 1 - Views: 1173
20210809
EXPERT CHRONICLE™ 9c

France, which previously banned all Sri Lankan tourists from entering that country because of COVID-19 by classifying it as a ‘red list’ country, (see Ceylon Today of 9 June), has now upgraded the country to the ‘orange zone,’ the French Embassy in Sri Lanka in a posting on its website on Tuesday (3) said.
“This means that if a...

by samaritan - Comments: 1 - Views: 313
20210729
EXPERT CHRONICLE™ Red

John Keells Hotels PLC (KHL) saw the revenue momentum losing in both its Maldivian and Sri Lankan resort sectors during the June quarter (2Q22), reflecting the impact of COVID-19 third wave and the resulting restrictions on travel and leisure activities. 

The group expects pent-up demand for travel and tourism once travel restrictions are removed.

by samaritan - Comments: 1 - Views: 430
20210806
EXPERT CHRONICLE™ Global_Nitrile_Gloves_Market
SAN FRANCISCO, Aug. 4, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Nitrile Gloves - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.



by samaritan - Comments: 2 - Views: 553
20210804
EXPERT CHRONICLE™ Cse-4

[size=18]By Hiran H.Senewiratne[/size]
CSE activities were bullish throughout yesterday following an International Monetary Fund decision, announced by its Board of Governors, that it has approved a 457 billion creation of Special Drawing Rights (about US 650 billion) that will be allocated to members effective August 23, stock market analysts...

by samaritan - Comments: 1 - Views: 339
20210803

by samaritan - Comments: 0 - Views: 432
20210802
[size=13]An Echelon Media Company
Monday August 2nd, 2021

EXPERT CHRONICLE™ En-logo


[size=13]All Sections

[/size]
     
|

[/size]

  • Home

by CITIZEN - Comments: 0 - Views: 633
20210802
EXPERT CHRONICLE™ Maxresdefault

An Omani Government investment arm has shown initial interest in the property on which the Air Force Headquarters is situated in Colombo 2 and the Urban Development Authority-owned Chalmer’s Granary land in Colombo Fort, official sources said.
The party has signed a non-binding agreement with the UDA, committing to send a team to do due diligence for the mixed development projects...

by samaritan - Comments: 2 - Views: 382
20210730
EXPERT CHRONICLE™ Image_0ee33e0f1d


  • [b]1H exports up 10% volume wise and value basis 14% [/b]

  • [b]Key markets contribute to Sri Lanka’s high FOB value; value addition a key aspect, says Asia Siyaka Commodities[/b]




Sri Lanka’s Free On Board (FOB) prices for black tea are the highest in the world, Asia...

by samaritan - Comments: 0 - Views: 380
20210727
EXPERT CHRONICLE™ Thushara-priyadarshana

[size=18]By Hiran H. Senewiratne[/size]

In a situation where the country is short of foreign reserves, the tea industry will likely contribute US$ 200 million extra revenue to the country despite the current chemical fertilizer restriction, chairman, Tea Small Holdings Development Authority Dr. Thushara Priyadarshana said.

by samaritan - Comments: 1 - Views: 407

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