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Tuesday, 12 May 2020 08:36

90% of BOI firms resume operations

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Around 90% of Board of Investment (BOI) approved factories within the 12 Export Processing Zones (EPZs) have begun operations by yesterday with an estimated 50% employee turnout, a top official confirmed.

Tuesday, 12 May 2020 08:32

Stock market loses Rs. 84 b in seconds

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The Colombo stock market lost a staggering Rs. 84 billion in value within seconds yesterday as it opened after one-and-a-half months of shutdown with investors apparently in panic selling mode influenced by severe impact on the economy from the COVID-19 pandemic and other shocks.

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Sri Lanka’s alcoholic beverage industry is among the harder-hit sectors of the economy as the COVID-19 outbreak resulted in Hotels, restaurants, bars, wine stores, liquor bars and taverns closing up across the country.

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President Gotabaya Rajapaksa has named MAS Holdings Vice Chairman Sherad Amalean to replace the company’s Chairman Mahesh Amalean as a member of the Task Force for Economic Revival and Poverty Alleviation.

Monday, 11 May 2020 07:25

New Group CEO at SLT

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Sri Lanka Telecom PLC has appointed Lalith Mohan Seneviratne as the Group Chief Executive Officer with effective from 1 May.

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Sri Lanka tea trading continues it’s upward trend fetching a record price of Rs 700 per kilo of upcountry and low country at the recent auction held in Colombo on Friday 8, estate superintendents said.

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Sri Lanka’s Rupee has strengthened to Rs.191.5 against the US Dollar despite the sharp fall of reserves, amid foreigners exiting from government securities, Central Bank data showed.

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Sri Lanka’s first-ever hundred per cent locally manufactured petrol and electric prototype cars would be launched by next year, Sri Lanka's racing legend Dilantha Malagamuwa said, yesterday.

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The Colombo Stock Exchange (CSE) is set to resume trading on Monday (11 May 2020) after its longest ever shut down aimed at combating the COVID-19 pandemic.

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The interim government has initiated several measures on an urgent basis to ensure the availability of required funds for corona virus combating efforts, while also ensuring liquidity for businesses affected by long overdue payments, Central Bank revealed

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