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Government of France has pledged to continue consolidate support to further bilateral business and explore new avenues for business cooperation with Sri Lanka.

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The Monetary Board of the Central Bank at its meeting held on 18 January 2021, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 4.50 per cent and 5.50 per cent, respectively, CB officials said.

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Sri Lanka will be receiving Chinese and Indian financial facilities soon under swap arrangement to boost the foreign reserves and ensure financial stability of the country, which is badly hit by Covid-19, Central Bank high official said.

Tuesday, 19 January 2021 10:01

Sri Lanka Original Narrative: 19.01.2021

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1.Colombo Stock Exchange's All Share Price Index reaches highest-ever close at 7,922 points: surpasses previous record of 7,811 points on 14 February 2011: PM Mahinda Rajapaksa thanks investors for their faith in local companies.

Tuesday, 19 January 2021 07:04

MR hails market performance

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Prime Minister Mahinda Rajapaksa yesterday hailed the record breaking Colombo Stock Exchange (CSE) performance and said the Government was committed to reviving the sluggish Sri Lankan economy.

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Market performance has proven Sri Lanka’s depth and, together with other Government policies, sets the stage for the country to aspire to the next level of development, State Minister of Finance, Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal said yesterday.

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The Commercial Bank of Ceylon provided new concessionary lending of nearly Rs. 30 billion in 2020, its centenary year, to help Sri Lankans weather the impacts of the COVID-19 pandemic.

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State-owned Bank of Ceylon (BOC) is in the process of negotiating for millions of dollars worth of further facilities with multilateral institutions while waiting to receive the US$70 million as the second tranche of a loan facility from a leading Chinese bank, a top official of the bank said.

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Amidst warnings of the repetition of stock market manipulations alias pumping and dumping in 2011-2013 era of Rajapaksa regime by opposition politicians and financial analysts, The Colombo Stock Exchange (CSE) is fast seen becoming a ‘gambling joint’

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The Securities and Exchange Commission of Sri Lanka (SEC) in a statement yesterday welcomed the record-breaking performance of the Colombo Stock Exchange (CSE).

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