Low interest rates, better corporate results :
Bullish sentiment at CSE
Market analysts said that the exceptional
performance in the bourse is mainly due to low interest rates and
better performance of companies during the year. The Colombo Stock
Exchange (CSE) made history last week when its Market Capitalisation
surpassed the Rs. 3 trillion mark for the first time in its history.
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Dollar appreciates, gold hits new low
The drop in gold prices in the global market
will last for around six to seven months due to the revival of the
US economy and the appreciation of the dollar, said local gold
merchants. They said that whenever the value of the dollar rises the
demand for gold drops resulting in a slump in prices.Pattakannus (Pvt)
Ltd, Chairman S.A. Thiagarajah said ,
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Following Shinzo Abe's visit:
New era in trade relations
Japanese Prime Minister Shinzo Abe wrapped up a
successful visit to Sri Lanka last week, marking a new era in the
bilateral diplomatic and trade relations between the two maritime
nations. Abe, the first Japanese Prime Minister to visit Sri Lanka
in 24 years, signed several agreements for cooperation in various
fields during his two-day visit.
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Vast opportunities in seaweed cultivation - NARA
Seaweed cultivation is a lucrative new business
venture and vast export opportunities are available, said the
chairman of the National Aquatic Resources Research and Development
Agency (NARA), Dr. S.G. Samarasundara. The first seaweed cultivation
project has been extremely successful and its harvesting ratio was
1:10, he said.Dr. Samarasundara said,
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Lanka-Maldives discuss blue ocean concept
Sri Lanka and the Maldives discussed practical
strategies to derive the maximum benefit from the evolving concept
of blue ocean with proper management of the exploitation of marine
resources when the Joint Commission of Sri Lanka and the Maldives
met on Wednesday in Colombo.
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NDB launches new suite of credit cards
NDB launched a new suite of credit cards under
the premise of ‘Good Life’. The NDB ‘Good Life’ credit cards is
available in five categories of Silver, Gold, Platinum, Signature
and Infinite. Each category designed with unique benefits and
rewards to fulfill diverse lifestyle needs of a widespread
clientele.
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