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Awards ceremony at the Korea Press Federation which honoured Sri Lankan embassy

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The Korea Press Federation and Seoul Press Club, the premier media institution in Seoul, honored the ambassador of Sri Lanka to the Republic of Korea, Dr. A. Saj U. Mendis, for promoting, aggrandizing and enhancing international friendship and diplomacy and mutual national development between the Republic of Korea and Sri Lanka, including the peoples of the two countries, at this mega event.

The aforementioned award was bestowed on Dr. Mendis by Korea Press Federation and was attended by a number of National State Assembly Members (Members of Parliament), Diplomatic Corps, corporate leaders and captains of industry of the RoK, academia and a large contingent of media personnel from both electronic and print, amongst others.

The aforementioned award was bestowed by senior National State Assembly Member of the Parliament of the RoK, Kim Haejae. After the award ceremony, Ambassador Dr. Mendis addressed the gathering, during which, he expressed deep gratitude to the government and the peoples of the Republic of Korea for extending assistance, cooperation, facilitation and collaboration for the betterment and advancement of Sri Lanka during the last three decades. He further added that the RoK is home to over 22,000 Sri Lankan expatriates/migrants, who live and work comfortably in the RoK, thus providing much needed foreign exchange to Sri Lanka.

Dr. Mendis, in the presence of a number of National State Assembly Members, enunciated and entreated the relevant authorities of the RoK to receive not only the re-entry workers but also the new-entry workers from Sri Lanka since they have been literally stuck in Sri Lanka after duly passing the Korean language examination and other concomitant necessities to secure employment in the RoK. He also added that out of a total of 22,000 Sri Lankan migrants in the RoK, only about a two dozens of Sri Lankan nationals had ever contracted COVID-19 since the beginning of the pandemic. Dr. Mendis also paralleled and equated, during his address, that Sri Lanka today is what RoK was in mid 1980s and earnestly requested the select audience, including corporate leaders, to partner with Sri Lanka in its economic advancement and augmentation as Sri Lanka is well poised and strategically positioned to rise, similar to the unprecedented rise and advancement of the RoK, thus becoming the 10th largest economy in the world and the fourth largest economy of Asia.

Dr. Mendis prognosticated that within the next couple of decades, the advancement and rise of Sri Lanka would be known as “Miracle on Kelani River” similar to “Miracle on Han River” of the RoK or “Miracle on Rhine River” of the then West Germany.

 

 



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ICC’s Oceanfront Galle completed on time amidst Covid-19 restrictions

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Oceanfront Galle structure constructions have been completed on time, amidst the restrictions imposed by the authorities to contain COVID 19 pandemic. Nevertheless, ICC has taken initiatives to apply for COC in the beginning of June 2021.

The home owners and potential investors were invited to inspect on the construction progress of Oceanfront condominiums in Galle while experiencing the beautiful sunset by the Galle coast. ICC has conceptualized OFC Galle to have a view of the clear ocean from all possible angles featuring a fully equipped gym, a double floored spa and “Sunset” restaurant with beautiful views of the ocean.

Allowing investors to seamlessly enjoy the returns of OFC, ICC has introduced an all-inclusive rental management system which offers end-to-end solutions.

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Major-value stocks decline,three companies prop up ASPI

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By Hiran H.Senewiratne

Stock trading activities in the Colombo Stock Exchange(CSE) was subdued throughout yesterday as all major value-stocks declined in prices. Three companies; namely LOLC Development Finance (NIFL) Carsons and Bukit Darah kept the All Share Price Index positive, stock market analysts said.

Hence both indices showed mixed reactions. All Share Price Index was up by 16.98 points up and S&P SL20 down by 40.86 points. Turnover stood at Rs 1.94 billion with a single crossing. The crossing took place in HNB (Non Voting), which crossed 330,000 shares to the tune of Rs 36.3 million and its share price traded at Rs 110.

In the retail market top five companies that mainly contributed to the turnover were Expolanka Rs 247 million (4.9 million shares traded), Bukit Darah Rs 156.7 million (450,500 shares traded), LOLC Rs 145.5 million (365,000 shares traded), Browns Investments Rs 128.5 million (21 million shares traded) and HNB (Non Voting) Rs 109.3 million (993,000 shares traded).

When Bukit Darah share price appreciated by 25 percent or Rs 51.25 from its initial trading price of Rs 279.50 to Rs 355, its holding company Carson Plc  share price also appreciated in parallel to its. Carsons Plc share price appreciated by 18 percent or Rs 52. Its share price started trading at Rs 293 and at the end of the day it shot upto Rs 345.

Further, NIFL being a low float company its share price increased by 25 percent or Rs 51.25. Its share price started trading at Rs 205 and at the end of the day it moved to Rs 256.25. These companies positively contributed 75 points to the All Share Price Index. Carsons contributed 28 points, Bukit Darah 28 points and NIFL 19 points to the All Share Price Index.

NIFL or LOLC Development Finance Company  has emerged as the most valuable finance company in terms of market capitalization. During the last seven sessions it’s share price appreciated by 261 percent or 3.6 times. The share price staryed trading at Rs 71 seven days ago and today it has moved up to Rs 256.25.

 

 

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People’s Bank Dankotuwa branch moves to new premises

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Opening of the People’s Bank Dankotuwa Branch at the new location which offers added convenience to its customers

 

People’s Bank Dankotuwa Branch moved to a new location recently. The opening ceremony of the new premises was attended by People’s Bank Chief Executive Officer/ General Manager Ranjith Kodituwakku.

The new spacious premises offers added convenience to customers along with a full range of services backed by the latest digital banking technology.

People’s Bank Deputy General Manager (Recoveries) Lionel Galagedara, Regional Manager(Puttalam) K.A.A.S Peiris, Assistant Regional Manager S.A.M.L Sirimanne, Dankotuwa Branch Manager D.M Liyanage, customers, also participated at the event.

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