ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange rose 1.3 percent as a authorities stepped up efforts to contain a Coronavirus cluster with brokers says similar events have happened in other countries.
ECONOMYNEXT – Sri Lanka is expecting more Chinese firms to invest in export sectors Prime Minister Mahinda Rajapaksa had said at a meeting with visiting Community Party Politburo member Yang Jiechi who had also pledged to buy more goods from the island.
ECONOMYNEXT – Sri Lanka’s Board of Investment said it had signed a 97.2 million dollar agreement allowing setting up of floating liquefied natural gas storage unit off Hambantota which will plans to re-export fuel to the Maldives and the rest of South Asia. The agreement was signed by Susantha Ratnayake, Chairman BOI and Tania Siegertsz, director of Pearl Energy, the project company.
Aug 20, 2020 (LBO) – Vehicle registrations in July were only slightly down from June but remain at healthy levels indicative of existing inventory driving sales, a new report shows. Data compiled by JB Securities equities research shows motor car registrations recorded 1,712 units in July down from 2,032 units the previous month and 2,584 units 12 months ago. However, it is likely that this momentum slows in August due to stockouts in certain categories.
Aug 20, 2020 (LBO) – The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 19 August 2020, has decided to maintain the SDFR and the SLFR at their current levels.
August 17, 2020: MSC announced the enhancement of its Indus service with a new port call at Colombo in Sri Lanka to help customers in the United States to import from India’s east coast. The first vessel on the revised rotation will be Seamax Bridgeport, ETA Abu Dhabi on August 23, 2020.