International news

Japan funds health centre for remote Ampara village

Monday March 21, 2022 4:39 pm

ECONOMYNEXT – Japan is giving 89,000 US dollars to build a health centre in an isolated village in Ampara, Sri Lanka, the country’s embassy in Colombo said.

The primary health centre in Ampara will sever people residing in Aligambai isolated village and other surrounding villages.

“Currently there is no facility for primary health care in those villages, and the villagers are obliged to travel long distances to the nearest government hospital,” Chamila Kodagoda, Chairman of Child Rehabilitation Centre in Ampara said in a statement.

“The new health centre will enable the villagers to have easier access to proper health care services and thus contribute to improving the health and hygiene environment of the concerned area.”

The grant agreement was signed by Mizukoshi Hideaki, Ambassador of Japan, and the chairman of the Child Rehabilitation Centre.

Kodagoda said that this grant will bring a considerable change in the lives of Tribal People in Aligambai village as they have been excluded from the mainstream of the society due to their lower social status.
(Colombo/March21/2022)

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Commodities

Sri Lanka’s stocks up in trading on Wednesday morning

Wednesday September 27, 2023 9:53 am

ECONOMYNEXT – Sri Lanka shares were picking up in trading on Wednesday morning.

Turnover was at 50 million. Trading in the Capital Goods Industry Group was driving turnover.

The All Share Price Index was up 0.37 percent or 41.78 points to 11,289.94, while the S&P SL20 was also up 0.68 percent or 21.66 points to 3,187.65.

Hatton National Bank, Commercial Bank and LOLC saw gains in morning trade, while Tokyo cement and Lanka Hospitals were trading down during morning trading. (Colombo/Sep27/2023)

Bonds & Forex

Sri Lanka rupee opens at 323.50/324.10 to the US dollar, bond yields stable

Wednesday September 27, 2023 9:35 am

ECONOMYNEXT – Sri Lanka’s rupee opened at 323.50/324.10 to the US dollar on Wednesday, after closing on Tuesday at 323.70/324.20 to the US dollar, dealers said.

A bond maturing on 01.08.2026 was quoted at 15.50/70 percent on Wednesday up from Tuesday’s close at 15.45/65 percent.

A bond maturing on 01.05.2028 was quoted at 14.50/55 percent from closing at Tuesday at 14.30/55 percent. (Colombo/Sep27/2023)

Energy

Sinopec to go up to 200 Sri Lanka pumping stations, more possible: Minister

Nethmi Rajawasam

Wednesday September 27, 2023 7:52 am

By Nethmi Rajawasam

Wednesday September 27, 2023 7:52 am

ECONOMYNEXT- China’s Sinopec which has been assigned 150 fuel retail outlets in sri Lanka which were operated by Ceylon Petroleum Corporation, has been given the nod to set up another 50 stations, Energy Minister Kanchana Wijesekera has said.

Out of 150 stations, Sinopec has already signed up 145, Minister Wijesekera had said at a dealer convention of the new company.

‘Also we have given them the opportunity to start 50 brand new stations, in locations that may fit the requirements that exists,” Minister Wijesekera said in comments broadcast by Sri Lanka’s Derana Television.

“But it is not necessary to be restricted to 200 fuel stations. If there are any requests made by you we will be open to consideration for agreements with dealers and distributors.”

Minister Wijesekera attended the dealer convention where China’s ambassador to Colombo Qi Zhenhong was also present.

Sinopec was supposed to enter Sri Lanka in 2003 under current President Ranil Wickremesinghe who was then Prime Minister. At the time India’s IOC entered Sri Lanka.

“Under the leadership of the then prime minister Ranil Wickremesinghe, two companies asked to take part in the retail operations,” Minister Wijesekera said.

“Unfortunately due to the change of government in 2004 the companies could not take part, and due to the political changes and policy changes.