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Colombo Port operations continue without any hindrance

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Message from the chairman; Sri Lanka Ports Authority

I take this opportunity to extend my deepest gratitude to all those who contribute to the continuation of efficient and reliable operations of all ports of the Sri Lanka Ports Authority ( SLPA) and all terminals operating in the Port of Colombo and elsewhere in the country during this challenging period. All of your services are equally important.

It is a commonly accepted fact by now that the Covid-19 pandemic spreads around the globe have posed challenges to the active function of the global supply chain. Consequently, supplying the daily needs of the public to ensure the safety and well-being of all was challenged. But, we all worked tirelessly to overcome the challenges we faced and to fulfil the responsibilities and duties of our part of the global supply chain. As a result of our collective efforts, this part of the global supply chain functioned smoothly on time.

Unfortunately, some parties with vested interests are giving inappropriate and manipulated interpretations to the work that we all continue to do collectively to ensure the safety of all. There is a risk of spreading unnecessary fear in the society, including among stakeholders and other interested parties in shipping and maritime industry, due to these hyperbolical stories propagating by these parties.

I would like to reaffirm that SLPA has promulgated the all necessary health measures as quickly as the pandemic was reported and started disrupting the global supply chain. Our priority is the health and well-being of all. Accordingly, strictly health measures have introduced for the smooth operation of the port, the heart of the country a.k.a. the lifeline of the nation.

All operations at the Port of Colombo continued without any interruption. All port premises and access gates are keenly monitored around the clock and systematically disinfected. Randomly selected teams working and engaging at various capacities in the Port of Colombo and other ports in the country are regularly subjected to PCR and antibody tests. The medical advice given on the results of those tests is facilitated to be followed in the same manner.

Due to the precarious situation prevailing in the country, the number of employees required to report for duty has limited. The special precautionary arrangement followed by strictly health guidelines has been introduced and implemented for all employees reporting for duties. Other employees have instructed to perform their duties from home.

Therefore, all of your continued supports are crucial at this need of the moment to make the terminal operations and port activities, an essential service in the country, more successfully. It is important to recall that the challenges we face shall easily overcome through collective action and sincere commitments. We all have a responsible role to play in defending the health and well-being of all and conserve the terminal and port operations and other activities. Everyone’s role is crucial and equally essential.



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Business

Newly developed Sathosa Motors Service Complex to service all vehicle brands

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Sathosa Motors PLC and its new state-of-the-art vehicle service complex, is now serving not just Isuzu but also any brand of vehicle.

Pioneering automotive specialist, Sathosa Motors is the sole authorized agent for the world-renowned Isuzu brand, but the newly developed service complex will now undertake all kinds of services required for any brand of vehicle.

 The internationally trained specialists are ready to serve you at the Sathosa Motors Service Complex now on weekdays from 8.00 am to 5.00 pm and on Saturday from 8.00 am to 1.00 pm at No 25, Vauxhall Street, Colombo 02.

Sathosa Motors PLC guarantees its customers reliable and convenient service and will undertake vehicle inspections, periodic maintenance, body and under carriage washing, interior cleaning and beautification, engine tuning, error diagnosis, accident repairs, air condition repairs, and many more at a highly affordable rate.

In addition, genuine spare parts, as well as lubricants and industrial services are available at discounted prices at the Service Complex.

Sathosa Motors PLC aims to provide high quality services at all times and all services are carried out strictly under health guidelines due to the prevailing COVID-19 pandemic situation.

Sathosa Motors announces that it has decided to keep all branches of the Sathosa Motors service network open to continue to serve its customers.

 

(Sathosa Motors)

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CSE trading bullish despite rupee hitting historic low against dollar

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By Hiran H.Senewiratne 

CSE trading activities were bullish despite Sri Lanka’s rupee registering a historic slump against the US dollar   at 202/205 to the one month dollar in mid morning trade yesterday, after opening at around 200/203.The stock market moved up, though, anticipating March quarterly results to be exceptional. This is expected to be particularly true of the Hayleys Group and Expolanka. Accordingly, investors seem to be re-entering the market after January, stock market analysts said.

Further, approval of the US $ 500 million Chinese loan and the fact that the Port City Bill has been tabled in parliament have lifted investor sentiment in a significant direction of the stock market, market analysts said. Amid those developments, both indices moved upwards, especially the All Share Price Index went up by 1.22 percent. The All Share Price Index rose by 92.35 points and S and P SL20 went up by 19.21 points. Turnover stood at Rs. 4.72 billion with four crossings. 

Those crossings were reported in JKH, which crossed 922,000 shares to the tune of Rs. 137.8 million, its shares traded at Rs. 149.25, Commercial Bank 950,000 shares crossed for Rs. 82.7 million, its shares traded at Rs. 87, HNB 155,000 shares crossed for Rs. 26.5 million, its shares traded at Rs. 132 and Ceylon Cold Stores 33,500 shares crossed for Rs. 20.1 million, its shares fetching Rs. 600.

In the retail market, five companies that mainly contributed to the turnover were, Browns Investments Rs. 793.6 million (123.1 million shares traded), LOLC Rs. 463.4 million (1.32 million shares traded), Royal Ceramic Rs. 442 million (1.2 million shares traded), Hayleys Rs. 442 million (five million shares traded), Dipped Products Rs. 372.3 million (6.2 million shares traded). During the day 197.3 million share volumes changed hands in 30480 transactions. 

The market was quite bullish from the beginning and LOLC Group companies led the market. It is said that LOLC contributed 25.5 points to the All Share Price Index. Browns Investments 9.8 points and Vallibel One contributed 8 points to the All Share Price Price Index while Commercial Leasing contributed six points.    

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‘Embark on that long-awaited getaway with Emirates and enjoy special fares’

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Emirates is launching seasonal fares that enable aspiring globetrotters to plan exciting adventures around the world as well as for students preparing to travel overseas. With Emirates’ generous booking policies, customers have the option to lock in these special fares and extend ticket validity for up to three years, enjoying greater flexibility and confidence when planning travel during unprecedented times.

Travellers in Sri Lanka can look forward to flight deals on all routes in Emirates’ global network, with return fares starting at only Rs 68,700 in Economy Class or Rs 257,500 in Business Class. These special seasonal fares are available for bookings made from 13 to 26 April 2021, and are valid for travel between 16 April and 30 September 2021*.

Featured destinations and starting Economy Class fares include: US$ 342 (about Rs 68,700 at current exchange rates) to Dubai, US$ 654 (about Rs 131,300) to Milan, US$ 644 (about Rs 129,300) to Paris, US$ 1,117 (about Rs 224,200) to New York, US$ 1,303 (about Rs 261,500) to Toronto and US$ 966 (about Rs 193,900) to Nairobi.

Special Business Class fares start at US$ 1,283 (approximately Rs 257,500) to Dubai, from US$ 3,127 (about Rs 627,600) to Milan, US$ 2,860 (about Rs 574,000) to Paris, US$ 3,618 (about Rs 726,100) to New York, US$ 3,654 (about Rs 733,300) to Toronto and US$ 2,179 (about Rs 437,300) to Nairobi. All fares in Rupees are subject to the rate of exchange on the day of purchase.

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