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Registration with the Sri Lanka FINANCIAL CHRONICLE would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..
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FINANCIAL CHRONICLE
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FINANCIAL CHRONICLE™
Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka
The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.
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By Ishara Gamage Hemas Pharmaceutical (Pvt) Ltd, together with Expolanka Holdings PLC and Emirates SkyCargo have submitted collective Supply Chain Solution to the Government for the National Vaccination programme against COVID-19, relevant company officials told Ceylon FT.
Dec 29, Colombo: Lalith Weeratunga, Senior Advisor to the President, says that Sri Lanka is more likely to receive the three vaccines, Sputnik V, manufactured in Russia, Sinovac, manufactured in China, and UK’s Oxford-AstraZeneca vaccine, which was discovered by the University of Oxford. The Senior Adviser to the President has told state-run Dinamina that...
Outgoing South African High Commissioner in Colombo, Robina P. Marks stated that South Africa is willing to consider slashing tariffs for Sri Lankan tea exports to give some relief to Sri Lanka.
Delivering the opening remarks at 'Sri Lanka – South Africa Business Promotion Meeting' organized...
China will overtake the US to become the world's largest economy by 2028, five years earlier than previously forecast, a report says.
The UK-based Centre for Economics and Business Research (CEBR) said China's "skilful" management of Covid-19 would boost its relative growth compared to the US and Europe in coming years. Meanwhile India is tipped to become the third largest economy by 2030.
The CEBR releases its economic league table every year on 26 December.
Although China was the first country hit by Covid-19, it controlled...
The storm shall pass and we will bounce back stronger, says THASL President
This period has also been an ideal time for us to turn the searchlight inwards and to ask what our industry can do to revive post Covid tourism. Tourism is a widespread industry. In Sri Lanka, We have reached every nook and corner of our paradise island. We bring people...
The Board of Investment of Sri Lanka (BOI) and the Embassy of Sri Lanka in France organised a webinar on 17 December. The webinar was sponsored by National Confederation of French Employers (Movement des enterprise France) MEDEF. The Embassy of France in Sri Lanka and the Sri Lanka – France Business Council...
Asia Capital enters into share purchase agreement to buy 70% stake of Navara Capital Partners
Asia Capital PLC (ACAP) the country’s leading and pioneering investment banking house recently announced to Colombo Stock Exchange (CSE) that the company has entered into a share purchase agreement on 21st December 2020 to acquire 70% stake of Navara Capital Partners Ltd. (NCPL)
Speaking on the developments in the Asia Capital PLC (ACAP) Chief Executive Officer Stefan...
Growth rebounded to 1.5% in 3Q reflecting great recovery of the economy after the economic contraction in 1Q and 2Q of this year signaling a near normalcy, therefore, the predicted robust turnaround of 5.5% growth for next year is not an ambition, it is an achievable goal, State Minister of Money and...
Browns Investments PLC, the strategic investment arm of LOLC Group, has entered into a deal with China Harbour Engineering Company (CHEC) for a mixed development project to be set up at the Colombo International Finance Centre (CIFC) envisaged in the Colombo Port City.
The total investment of the milestone project comprising a land...
Yamuna Jayaratne, Director Sales & Marketing of The CHEC Port City Project, speaking to Economy Next iterated that the project is the reset and reimagining that the country needs right now.
The CHEC Port City Colombo was an ambitious project from the start: the ongoing development of 269ha of land reclaimed...
Asia Securities will host its 4th Annual Sri Lanka Investment Conference over three days this week. Titled 2021: The Investors’ Dilemma, the event will explore the outlook for the economic rebound and financial markets next year, in what will surely be a fascinating investing environment. Considering current safety concerns, Asia Securities will deliver the conference virtually with three two-hour sessions which...
Private equity major Blackstone is reported to have clinched a deal to acquire Piramal Glass for around $1 billion as it sees a surge in demand for glass vials required to store Covid-19 vaccine vials. The deal includes an upfront payment of $850 million and Piramal Group will get another $150 million over the next two years on achieving certain milestones.
Co-Cabinet Spokesperson, Minister Dr. Ramesh Pathirana, stated that the country will see the end of the COVID-19 pandemic in the next three to six months. He made this statement while addressing the media briefing held at the Government Information Department today. The Minister said that...
Price describes over twenty methods of valuation. He explains the circumstances in which each method is most appropriate. He also evaluates each method’s strengths and weaknesses.
About the Author: John Price, author of The Conscious Investor: Profiting from the Timeless Value Approach (Wiley, 2011), began his career as a research mathematician and for thirty-five years taught math, physics, and finance at universities around the...
ECONOMYNEXT-Sri Lanka will admit tourists from countries which will begin to vaccinate their populations using a WHO-approved plan the country’s Tourism Minister told a Parliamentary Consultative Committee meeting yesterday.
Minister of Tourism Prasanna Ranatunga, he said that the island “should consider opening the Airport for...
Announces intension to acquire majority control (51.1%) of HVA Foods PLC via Voluntary Offer
George Steuart & Company Limited (GS&Co) today announced its intent to acquire majority control of HVA Foods PLC, one of Sri Lanka’s fast growing and innovative value-added...
Please check under the Group List. Experts when online will appear in different color. RPPA, Please name your expert team. So that I could add them to the team.
Ambassador of the Delegation of the European Union (EU) in Colombo Denis Chaibi along with First Councillor, Head of Political, Trade and Communications Section, Delegation of the EU Thorsten Bargfrede paid a courtesy call on Board of Investment (BOI) Chairman Susantha Ratnayake and Director General Sanjaya Mohottala yesterday.
Sri Lanka Can Build Back Better from COVID-19 and Realize Inclusive, Resilient Growth
COLOMBO, November 27, 2020—The World Bank’s new Country Director for Maldives, Nepal and Sri Lanka, Faris Hadad-Zervos, completed his first visit to Sri Lanka today. The purpose of this visit was to meet key policymakers and understand...
Prime Minister Mahinda Rajapaksa to Launch Day 2 and Participate in VVIP Session
Sri Lanka’s Foremost Economic Summit will be inaugurated by the Chief Guest Gotabaya Rajapaksa, President of the Democratic Socialist Republic of Sri Lanka on the...
The Court of Appeal today (25) dismissed the writ application filed by the Centre for Environmental Justice (CEJ) challenging the China-funded Colombo Port City project. The CEJ had put forward the writ application against the project company developing the Port City, Sri Lanka Ports Authority (SLPA),...
When it comes to personal finance and the accumulation of wealth, few subjects are more talked about than stocks. It's easy to understand why: playing the stock market is thrilling. But on this financial roller-coaster ride, we all want to experience the ups without the downs.
In this tutorial, we examine some of the most popular strategies for finding good stocks (or at least avoiding bad ones). In other words, we'll explore the art of stock-picking - selecting stocks based on a...
Real estate in central Colombo has been inaccessible to a majority of Sri Lankans for quite some time. But if there was ever a window of opportunity to consider investing, now might be it.
With interest rates in Sri Lanka lower than they have been at any point in recent memory, fixed income options have drastically reduced, while the ever dependable and safe fixed deposit has become considerably less attractive after rates plummeted. So if you want your money to continue growing -...
One of the frequent questions raised in Sri Lanka, and elsewhere is why such debt should be cancelled. People raising such questions reason out; “one should pay their debt!”, “debt cancellation is not practical! Demand something possible!”, “debt cancellation should not happen as it could destroy banks and finance companies.”
What happens when debt cannot be paid? Could the creditors take over all of the assets of the debtors? What happens when debt...
W.B.Angammana leads the PORTFOLIO MANAGER - 2020 and amazed a net portfolio value close to 50mn. You also can now test your portfolio management skills by training yourself in Sri Lanka's only simulated training platform VSTOX.
Wonder how Angammana achieved this feat? What share has he invested? You too can check performance of your own virtual portfolio and compare or contrast with others.
The Graham number or Benjamin Graham number is a figure used in securities investing that measures a stock's so-called fair value. Named after Benjamin Graham, the founder of value investing, the Graham Number can be calculated as follows:
Alternative calculation Earnings per share is calculated by dividing net income by shares outstanding. Book value is another way of saying shareholders' equity. Therefore, book value per share...
10 things to check before you press the buy button.
Here is the 10-point checklist of things to reassure yourself about before you make that snap judgement. Think of it like the AA's used car checklist. 1. Check the P/E and share price history It's probably a low P/E that makes it look a bargain share. But compare the latest...
Import ban on vehicles & luxury goods should continue for at least two years for SriLanka's battered economy to raise its head. If allowed in the present scenario it will not be surprising to see the dollar exchange rate exceed Rs250.
As far as vehicle imports are concerned, even before corona outbreak the roads were unable to cope with the traffic and making things worse was the inadequate parking spaces in towns & cities. Even when the ban is lifted is it wise to bring...
Govt. cuts recurrent expenditure while doubling capital expenditure laying platform for future revenues
Amid noise over the lack of additional revenue streams and the debates over the continuation of the stimulus path kick started end of last year, a deeper look at the Budget 2021 reflects that it doesn’t promote fiscal profligacy and has allocated...
Sri Lanka’s economic growth is expected to see its worst performance since 2001, when the country saw a 1.5% contraction after the terrorist attack on the only international airport hit the economy – Pic by Lasantha Kumara
[b]Assessing conditions for Sri Lanka’s RFI has taken longer than for...
Compared to the late 1970s era of the economy when big companies slowly began diversifying but essentially connected to core operations, today it has changed completely. Now new conglomerates are reaching all over irrespective whether there is expertise in th company or not and becoming ‘seemingly’ successful.
But the moot point is – by delving into hitherto in-experienced business lines, are companies – particularly those listed putting their shareholders at...
just need to find out because of share market frustration i have and just thought of looking for a new invesment and also need to find out the reliability and productivity of this so called investment..
please have some time to give me a genuine idea about this and all comment are welcome warmly...
thought of this is gonna give me peace of mind and all possible posssitve and negetive comments...
First of all I must thank to CSE a lot because I made over 200% gain over the last 2 years. I have been trading over 6 years in total and seen many downs and ups of the market. 95% of my portfolio is of fundamental shares and undervalued shares.
At this present condition, I have been losing almost Rs. 200,000/= everyday. I am planning to quit temporarily and come back with 50% of portfolio when things are ok. My portfolio value is 8 digit figure and if I dispose it and put it...
Sri Lanka’s growing emphasis on tapping the emerging Asian market would make the China-led Regional Cooperation Economic Partnership (RCEP) agreement seem an ideal forum to build trade ties in the region. But given the island nation’s current economic challenges and India’s decision to opt out of the formidable grouping, the road is far from easy for Sri Lanka, according to economists.
Most seniors, fundamental analysts, tech analysts , pattern readers who where once active in the forum is staying away due to the great bear trend and micro/macro factors. We rarely see good discussions now a days. Most items...
The following are 10 most common but deadly Trading Mistakes, which traders should avoid at all costs. Anyone of them can literally destroy one’s financial dreams and goals!
1. Trading for excitement & thrill Not for profits. Many traders consider stock market as casino and trade for thrill and fun only. As soon as one has a losing trade, he wants to quickly make back the lost money. He thinks about the other things he could have...
I simply cant understand its pattern. it has shattered all levels of resistance and is on free fall. when will this end? i dont quite know when to make my buying decision. i'm going to wait and see. who can explain what is going on? is it due to general market condition or is LOLC really that bad? i'm sure #2 is not the right answer.
Future jobs with COVID19 will largely survive only if you are in essentials, agriculture, retail services, financial services, Telecom-ICT services and health care apart from key supporting industries to above mentioned industries.
Expert opinion is that don't jump in to any new jobs for next two years if you are not in to those industries until COVID19 go away or a perfect vaccine is available to the entire globe.
We are still in the first year of a global pandemic founded...
Several existing tax holidays, partial tax holidays, and other concessions are to be removed while introducing a simplified three tier corporate tax structure, taxation of capital gains while expanding the coverage of withholding taxes. Corporate tax rate will be revised and the Finance Ministry is likely to re-introduce the wealth tax, official sources said. The government had set a target in its medium-term economic plan to increase income tax contribution to total tax revenue to at least...
Stock Market can move upto ASI 7200 with positive developments. i.e new vaccine, economic progress. Any bad news could bring it down to 5200 levels.However Long TermTrend chart predicts ASPI to be around 5000 by end of 2020. Week ahead is critical.