Smart investors make a killing on bank stocks
Savvy investors who bought bank stocks at Colombo Stock Exchange at their lowest points saw quick and significant returns on their investments, with some stocks appreciating over 40% in a week. Read More »
Forex loss of Rs. 93 b from stocks, bonds
Sri Lanka lost a staggering Rs. 93 billion in foreign exchange this year up to 21 May, due to foreign investors pulling out of the country’s government securities and stocks. Read More »
Still no cheers for alcohol industry
Even though liquor sales have partially resumed after a complete ban for eight weeks, the industry is still struggling due to the prevailing restrictions. Read More »
Hotels to open for locals before foreigners
The tourism industry will reopen its hotels to local tourists before it opens to international tourists, according to The Hotels Association of Sri Lanka President Sanath Ukwatte. Read More »
Construction sector imports exempted from restrictions
The Board of Investment (BOI) has begun providing approval on a case-by-case basis for Letters of Credit (LCs) for construction sector imports. Read More »
Public transport reform: Covid is our vehicle
We should not waste the opportunity this crisis has opened up to implement much needed reforms to the transport sector, says the Advocata Institute in its weekly column in The Sunday Morning Business. Read More »
Helping financial technology start-ups thrive
Hatch Works, a Sri Lankan accelerator for start-ups, virtually launched the country’s first fintech accelerator programme ”HatchX” recently. Read More »