First Quarter growth of 4.3% recorded-by Mahinda Aluthgedara Source:Dailynews Despite the impact from the COVID-19 pandemic, Sri Lanka’s economy grew 4.3 per cent in the first quarter of this year. According to the Department of Census and Statistics, the economy grew by 4.3 percent in the first quarter of 2021 compared to a negative growth rate of 1.8 percent in the first quarter of 2020. The Department of Census and Statistics released estimates of Gross Domestic Product (GDP) and other macroeconomic indicators at current prices and fixed prices (2010) under the Product Process for the period from January 1 to March 31, 2021. The second wave of the Covid pandemic which started in October 2020, is expected to have an impact on economic activity in the first quarter of 2021. The Department noted that many businesses and economies continued to operate despite the restrictions imposed by the second wave of ...

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John Keells Stock Brokers (JKSB) – Sri Lanka – STOCK MARKET WEEKLY – STOCK MARKET WEEKLY 16-07-2021 Brought to you by – John Keells Stock Brokers (JKSB) John Keells Stock Brokers (JKSB) is a leading equity brokerage house in Sri Lanka and is a subsidiary of John Keells Holdings PLC (JKH), the largest listed entity on the Colombo Stock Exchange (CSE). We are one of 15 founding members of the Colombo Stock Exchange and our history in equity trading dates back to 1896. We are widely regarded in the industry for good governance practices with an emphasis on compliance and regulations. Our core sales and research staff have been engaged with the firm for a period of 10 – 25 years. Over the years this has helped JKSB develop strong and lasting relationships with our core client base of Foreign Funds/Individuals, Local Institutions and HNWI’s. This has contributed to our superior ...

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PCB to join SLC and BCB for hosting World Cups Ehsan Mani Source:Dailynews The Pakistan Cricket Board (PCB) wants to form a consortium of sorts with Sri Lanka Cricket (SLC) and Bangladesh Cricket Board (BCB) to jointly host two World Cups. It also intends to stage two Twenty20 World Cups together with Emirates Cricket Board (ECB) in the United Arab Emirates (UAE) besides going solo for two Champions Trophies in the next world cricket cycle. “We have made bids before the ICC and proposed to form consortiums with Bangladesh and Sri Lanka Boards,” PCB Chairman Ehsan Mani said yesterday. It is learnt that the PCB wants to stage 2027 and 2031 World Cups jointly with SLC and the BCB and stage two Twenty20 World Cups in association with the UAE Board. It intends to go solo for the 2025 and 2029 Champions Trophies. Pakistan has not hosted a global championship ...

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Kataragama Esala Perahera begins today-by M.IRFAN ZAKARIYA Source:Dailynews The first Esala Perahera of the historic Ruhunu Maha Kataragama Devalaya will commence today, said Basnayake Nilame Dishan Gunasekera. The theme of this year’s Perahera is ‘End the COVID pandemic’ and wish the people a speedy recovery. The procession will conclude the next morning after the Menik River Water Cutting ceremony. The Fire Festival will be held on July 20th night and will continue until 4:30 p.m. The Basnayake Nilame said that this year’s Pada Yathra pilgrimage will not be held due to health reasons. He said that only five dance troupes will be participating in the perahera this year and all of them will be subjected to PCR tests and quarantined and later introduced to the Perahera. ...

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