Asanga Seneviratne Back on CSE Board
The Colombo Stock Exchange (CSE) today announced the appointment of Asanga C. Seneviratne as a Directorof the CSE Board with effect from 23rd September 2021. Seneviratne has previously served on…
Seven countries, including Sri Lanka and Chile, have agreed to stop using the dirtiest fossil fuel
Seven countries have signed a pledge initiated by the United Nations to stop building new coal power plants, with the aim to gather more signatures before the global climate summit COP26 in…
Inflation Spectre Floats on Developing World’s Horizon including Sri Lanka
By Rabah Arezki and Jean-Pierre Landau As the global economy begins to emerge from the COVID-19 crisis, managing inflation risks will be much more challenging in developing countries than in…
Sri Lanka’s Agripreneurs Alarmed Over Contaminated Organic Fertilizer Sample Imported From China
Sri Lanka Agripreneurs’ Forum (SLAF) expressed grave concerns regarding the importation of a batch of contaminated organic fertilizer following confirmation from the Minister of Agriculture and National Plant Quarantine Services…
Sri Lanka food crisis: Forex dips to risky levels. Can Colombo avoid IMF?
Sri Lanka is experiencing acute food emergency. Long food queues are seen even in Colombo neighbourhoods amid tight lockdown measures. Shelves at government-run supermarkets are running low – some even…
Cumulative workers’ remittances inflows into Sri Lanka declines in the first eight months
Workers’ remittances inflows into Sri Lanka declined sharply for the third consecutive month in August erasing the growth see in remittances inflows in the early months of the year. The…
Outstanding foreign currency borrowings by Sri Lanka’s banks up for the first time in a year
The outstanding foreign currency borrowings of Sri Lanka’s banking sector rose for the first time in a year in the second quarter(2Q2021) in the line with the Central Bank of…
Unpacking New Beginnings, Expack Announces Rs 700M IPO
Sri Lanka’s largest corrugated carton manufacturer, Ex-Pack announced an unpacking of a new beginning, through its impending Rs.700 million initial public offering (IPO) for a 25 percent stake in the…
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FCR recommends cutting exposure to equities to 50% amidst expectations on overall Interest rates and tax hikes
First Capital Research (FCR) recommends investors to limit the exposure to equities to 50% or to aggressively shiftportfolio to defensive counters amidst expectations on overall Interest rates rise and a…
Bourse ended in red for the fourth consecutive days
The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) today recorded the largest single-day point decline of 328 points as the Bourse ended up closing in red…