Business and Economics
FCCISL delegates meet EU officials

With view to commence tourist activities in Sri Lanka which was paralyzed due to Covid 19 virus over the last three months, a delegation led by Secretary General / CEO of Federation of Chamber of Commerce and Industry Sri Lanka (FCCISL) Ajith D Perera met the officials of European union (EU) headed by Minister of Counsellor and Head of Cooperation Frank Hess at the EU Colombo office on May 28 and held cordial discussion as how best tourism can be given a new life. Deputy Head Mission & Head of Political, Trade and Communications Section Thorsten Bargfrede and Harshini Halangode (Program Manager) were among the EU Representatives.

The Federation of Chamber of Commerce and Industry Sri Lanka (FCCISL) was accompanied by President Chamber of tourism & Industry A.M. Jaufer and Secretary General of Chamber of tourism U.P.S. Pathirana. In this meeting the Chamber requested EU representatives to assist revive the rural tourism development focusing on the Small and Medium Enterprises in tourism sector in the country. The delegates of FCCISL and EU Officials are pictured after the meeting.

SLT brings ‘Power of True Local Search’

SLT Digital Info Services (Pvt) Ltd (SLTDS), the Digital Marketing and Directory Information Services arm of Sri Lanka Telecom PLC (SLT), announce that it’s SLT Rainbow Pages (RBP) national business directory information search facility has been improved, both in online and offline mediums.

As a result of the technological advancement in local search capabilities while complying with global search engine standards, is capable of achieving around 10,000 daily online purposeful searches or daily visits and around 100 numbers of concurrent searches running at every single minute as real-time searches.

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Bourse ends week on mixed note, ASPI increases

The Bourse ended the week on a mixed note as the ASPI increased by 46.87 points (or 0.98 percent) to close at 4,846.76 points, while the S&P SL20 Index decreased by 18.30 points (or 0.90 percent) to close at 2,016.08 points.

Turnover & Market Capitalization

JKH was the highest contributor to the week’s turnover value, contributing LKR 2.22Bn or 43.08 percent of the total turnover value. HNB followed suit, accounting for 13.75 percent of turnover (value of LKR 0.71Bn) while Commercial Bank contributed LKR 0.44Bn to account for 8.46 percent of the week’s turnover. Total turnover value amounted to LKR 5.15Bn (cf. last week’s value of LKR 8.05), while the daily average turnover value amounted to LKR 1.29Bn (-20.00 percent W-o-W) compared to last week’s average of LKR 1.61Bn. Market capitalization meanwhile, increased by 0.98 percent W-o-W (or LKR 21.91Mn) to LKR 2,265.99Bn cf. LKR 2,244.08Bn last week.

Liquidity (in Value Terms)

The Capital Goods Industry Group was the highest contributor to the week’s total turnover value, accounting for 46.31 percent (or LKR 2.39Bn) of market turnover.

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