The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 07 April 2021, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 4.50 per cent and 5.50 per cent, respectively. The Board arrived at this decision after carefully considering the macroeconomic conditions and expected developments on the domestic and global fronts.
Bangladesh’s HR Lines to launch Colombo-Chattogram feeder service in partnership with Clarion Shipping
Bangladesh’s container ship operator HR Lines Limited, will be launching the Colombo-Chattogram feeder service on the 4th of April 2021, in partnership with, Clarion Shipping (Pvt) Limited, a subsidiary of Hayleys Advantis Limited. The operation will commence with two of the newest container vessels to be added to the fleet of HR Lines, MV HR Hera and MV HR Rhea with a capacity of 1,454TEU each.
Bangladesh’s HR Lines to launch Colombo-Chattogram feeder service in partnership with Clarion Shipping
SriLankan Airline’s record-breaking upliftment to the Maldives
SriLankan Airlines carried a record-breaking 1.2 million kilogrammes of cargo from its network to Malé, Maldives, in February 2021.
The Maldives is one of the few open, and highly popular, island destinations in the world for travellers. Since the pandemic, perishable goods have been in high demand. Its island neighbour Sri Lanka supplied a large share of perishable goods, with cargo carried from Colombo to Malé exceeding 500 metric tonnes in the last month. Exports from the Maldives to Sri Lanka amounted to 188 Metric Tons on the route.
CSE to engage listed companies in a two-part series titled ‘Beyond Basics: Excellence in Corporate Governance’
The Colombo Stock Exchange (CSE) will be conducting a two-part series of online forums themed ‘Beyond Basics: Excellence in Corporate Governance’. The forums will offer participants an in-depth understanding on the importance of good corporate governance practices and how it would increase investor confidence through transparency and accountability.
CSE to engage listed companies in a two-part series titled ‘Beyond Basics: Excellence in Corporate Governance’
The King of SPACs wants you to know he’s the next Warren Buffett
Bloomberg - Chamath Palihapitiya has already drafted the next chapter in his charmed-life story.
The immigrant kid who bootstrapped his way into riches at Facebook Inc., made billions as a risk-hungry investor and became the pied piper of the current blank-check craze now envisions himself as nothing less than the Warren Buffett of the Reddit era.
Global oil prices reach pre-pandemic levels at a one-year high
Oil prices made their biggest weekly gain this year, reaching pre-pandemic levels at a one-year high. The price of Brent crude is about to breach the important psychological mark of $60, closing the week at $59.34 per barrel. The price of West Texas Intermediate (WTI) crude closed the week at $56.85 per barrel.
Trains without wheels taking the country forward
The world's first locomotive prototype using high-temperature superconducting magnetic levitation technology (HTS Maglev) was unveiled in Chengdu city in Sichuan Province. This prototype has been developed and constructed as a joint venture of the Southwest Jiaotong University, China Railway Group and CRRC Corporation. It will be the birth of the world's fastest trains so far.