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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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20210711  Way too many issues , take it seriously and don’t waste your money on this JAT IPO: 1. IPO funds are for investment expansion in Africa and Bangladesh - as per *new foreign exchange act* you cannot take the money out in any form for overseas investments 2. EPS and DPS is in almost cents and not rupee even You have better stocks paying good dividends like *LWL RCL* (JAT comparison, not mine) So they will take your money and invest in at least a FD... by ChooBoy - Comments: 0 - Views: 844 |
20210707  By Hiran H.Senewiratne The net foreign outflow at the CSE has come down in June compared to May this year in a positive signal for the market, which indicates that foreign investors still have confidence in the local stock market, Head-Market Development, CSE, Niroshan Wijesundara said. by samaritan - Comments: 0 - Views: 632 |
20210705  Access Engineering PLC, the pioneers in flyover construction in Sri Lanka, was recently awarded the sub-contract to construct a flyover at the Gatambe junction, a permanent solution to reduce the heavy traffic congestion at the Gatambe junction in Peradeniya. The Gatambe junction is located literally in Peradeniya between Peradeniya... by samaritan - Comments: 0 - Views: 488 |
20210703  Above is the list of most illiquid stocks in the Colombo Stock Exchange with less than 1% public float. https://twitter.com/mafazansar/status/1410467753522130944?s=21 Attention of the retail investors are likely to be focused on illiquid stocks with low public float due to sharp price increase of similar stock NIFL during last few days. CSE has failed to take... by God Father - Comments: 0 - Views: 985 |
20210629  ECONOMYNEXT – Sri Lanka’s LOLC Development Finance, a finance company known s Nanda Finance (NIFL) before is take-over has been driven up like a proverbial non-fungible token (NFT) in Western markets powered by Federal Reserve money printing. NIFL rose to 495 rupees on June 28, up 23 percent, valuing the tiny finance company at 117 billion rupees, becoming the fourth largest company by market capitalization. It now has a market cap bigger than Commercial Bank,... by God Father - Comments: 21 - Views: 3262 |
20210702  Diversified listed conglomerate Melstacorp, that has a strong foothold in the private healthcare sector, has added another extension to its list of operations by venturing into the pharmacy business. In a move to offer end-to-end health services, the latest venture of the entity was launched under the brand... by samaritan - Comments: 0 - Views: 866 |
20210701  The Colombo Stock Exchange (CSE) and CHEC Port City Colombo signed a Memorandum of Understanding (MoU) to enhance the capital markets in Sri Lanka by taking advantage of the Port City Colombo’s special emphasis of the Colombo International Financial Center, in order to establish a regionally recognized financial exchange within the country’s borders. The MoU was signed with... by samaritan - Comments: 2 - Views: 1168 |
20210630  - Cabinet approves conditional approval for non-financial companies to raise funds overseas to invest in SL International Sovereign Bonds and SL Development Bonds - CSE-quoted companies to be allowed to list shares and debentures in foreign exchange to raise funds - Monetary Board approves twin moves as they will increase interest of foreign investors in SL listed companies, attract foreign currency into country, and reduce... by CHRONICLE™ - Comments: 0 - Views: 734 |
20210626 by reyaz - Comments: 9 - Views: 1335 |
20210622  Top 20 Listed Companies by Financial Chronicle based on user engagements and views. https://www.srilankachronicle.com/f1-corporate-chronicle by CHRONICLE™ - Comments: 2 - Views: 1142 |
20210622 
by samaritan - Comments: 0 - Views: 1044 |
20210619  ‘The New Normal’ by CHRONICLE™ - Comments: 1 - Views: 2014 |
20210619 by God Father - Comments: 0 - Views: 839 |
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: 799 |
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: 775 |
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: 672 |
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: 703 |
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: 682 |
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: 961 |
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: 2211 |
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: 1229 |
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: 886 |
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: 949 |
20210609  CHRONICLE Index is based on Independent Analysis of the Stock Market Sentiments by SEO Experts.by CHRONICLE™ - Comments: 1 - Views: 3115 |
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: 529 |
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: 913 |
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: 781 |
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: 4196 |
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: 826 |
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: 1117 |
20210602 
by samaritan - Comments: 3 - Views: 1375 |
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: 623 |
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 DeepFreakingValue - Comments: 0 - Views: 557 |
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: 672 |
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: 863 |
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: 1073 |
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: 740 |
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: 943 |
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: 732 |
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: 1192 |
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: 1193 |
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: 1082 |
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: 1038 |
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: 786 |
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: 799 |
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: 1829 |
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: 1003 |
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: 521 |
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: 852 |
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: 1158 |
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