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Investor sentiment improves in the wake of CBSL statement

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By Hiran H.Senewiratne 

CSE investor sentiment had improved yesterday  following the Central Bank Governor’s 2021  economic policy proposal for  Sri Lanka. It states, among other things, that    establishing a ‘permanent single digit interest rate structure’,controlling inflation and increasing foreign reserves in the country are priorities, market analysts said. 

Central Bank Governor Prof. W.D. Lakshman delivering a 2021 policy roadmap through a virtual address said that the new economic initiative would improve economic growth. This gave some impetus to stock market players, stock market analysts said. Both indices moved upwards. The All Share Price Index went up by 120.76 points up and  S and P SL20 rose by 54.38 points.  

With these positive sentiments the stock market was overly positive and investor participation had also remarkably improved with the turnover touching Rs. 4.97 billion yesterday with a single crossing. The crossing was reported in JKH,  which crossed  385,000 shares for Rs. 57.8 million; its shares trading at Rs. 150.

In the retail market, top five companies that mainly contributed to the turnover were; Browns Investments Rs. 1.23 billion (266 million shares traded), Expolanka Rs. 572 million (19 million shares traded), ACL Cables Rs. 334 million (4.1 million shares traded), Tokyo Cement (Voting) Rs. 184 million (2.3 million shares traded) and Tokyo Cement (Non Voting) Rs. 183 million (2.58 million shares traded). During the day  300 million share volumes changed hands in 39552 transactions.      

Sri Lanka rupee was quoted weaker around 189.50/190.50 to the US dollar in the one month market on Monday, while bond yields were unchanged, dealers said. One months were quoted at similar levels on Friday.



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Cabraal briefs Chief Incumbents on Port City Project Commission Bill

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On the instructions of the President and the Prime Minister, State Minister of Finance Ajith Nivard Cabraal on April 19 visited the Asgiriya Chapter, the Malwathu Chapter and the Chief Prelates of the Amarapura and Ramanna Maha Nikayas and briefed them on the relevant draft commission bill on Port City Project.

Cabinet Minister Prasanna Ranatunga, Minister of State Lohan Ratwatte, Minister of State Kanaka Herath, MP Wasantha Yapa Bandara and MP Kokila Gunawardena were also present on the occasion.

 

 

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Growing importance of training for nurses taking care of patients with NCDs

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To keep pace with the rapid expansion and increasing complexity of elderly home healthcare, training needs of home healthcare nurses must be identified and subsequent training programs implemented. English Nursing Care conducts training sessions on a weekly basis covering a variety of care needs for Non-Communicable Diseases (NCD) such as diabetes. The World Health Organisation (WHO) record that NCDs are estimated to account for 75% of total deaths in Sri Lanka.

Furthermore, according to the Sri Lankan Ministry of Health “although people are living longer, they live more years suffering from disease and disability, mainly from NCDs; life expectancy at birth in Sri Lanka is 74.9 years but healthy life expectancy at birth is only 67.0 years.” This has a significant impact on quality of life.

English Nursing Care Sri Lanka works towards improving the quality of life of the elderly living with NCD’s by training nurses on the most advanced and developed methodologies brought through years of experience internationally and locally. Being responsible for the well-being of your loved ones is pivotal in the service they provide.

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SriLankan Airlines welcomes Indian delegation to Sri Lanka

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SriLankan Airlines in a bid to recommence Indian tourist arrivals to Sri Lanka under the proposed bio-bubble tourist arrival concept successfully completed a familiarization tour for Indian media and travel trade professionals recently. A delegation of tour operators, agents, and senior editors representing influential media institutions concluded a familiarization tour in Sri Lanka.

The delegation spent six nights and seven days touring the country while being subjected to mandatory PCR testing and other health guidelines imposed by the Ministry of Health. Upon arriving in Sri Lanka, the delegation toured the most sought-after local tourist sites including Dambulla, Kandy, Nuwara Eliya, and Bentota. The tour was initiated by SriLankan Holidays and the ground arrangements for the tour were handled by Jetwing Travels, Aitken Spence, Sri Lanka Convention Bureau (SLCB), and Hamoos Travels.

The main purpose of their participation in this fam tour was to restore confidence in visiting Sri Lanka, especially among the Indian tourists to provide them in-depth knowledge on how the country’s tourism industry operates under the bio-bubble concept. Apart from visiting various places, they experienced the stringent health and safety protocols adopted by the country in resuming tourism under the “bio-bubble” concept allowing tourists to roam around without mixing with the local population.

During their stay here, the delegation was hosted for a virtual meet-and-greet with SriLankan Airlines Chairman Ashok Pathirage, Chief Executive Officer Vipula Gunathilleka, and Head of Worldwide Sales & Distribution Dimuthu Tennakoon. The discussion focused on the airline’s operations to India, vaccination and quarantine travel arrangements between the two countries, current safety measures, and guidelines pertaining to the bio-bubble concept. They lauded the effort taken by officials to make their trip a memorable one.

The Indian delegation was highly impressed with the opportunities they were given to travel and explore the country and its exclusive holiday prospects for the enthusiastic traveller. This fam tour was a manifestation of the immense potential of Sri Lanka as a post-covid travel destination enticing the Indian traveller.

 

 

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