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Monday September 25th, 2023

Sri Lanka classical music director goes mainstream

ECONOMYNEXT – Sri Lanka classical music director and pianist Soundarie David Rodrigo, is launching her first mainstream music video with a song in two languages sung by Shehara Liyanage and Hirushi Jayasena, online fashion retailer, which is backing the release said.

‘Complicated’ or ‘Mulawe Maya’ by Soundarie Rodrigo is the first song in Sri Lanka to be released simultaneously in English and Sinhala, on International Women’s Day, Odel, a unit of Softlogic Holdings Plc said.

The song composed by Rodrigo was transcribed to Sinhala by Shehan Galahitiyawa.

“We are deeply honoured to partner with Soundarie as she forays into the world of main stream music, after years of being in the forefront of the Sri Lankan western classical music industry and having fostered much young talent herself,” Softlogic Holdings Plc Group Marketing Director Desiree Karunaratne said in a statement.

“This is nothing but a promisingly positive beginning to the ‘Composed by’ initiative to empower female artists in the country who are shaking up the status quo and pushing the boundaries of Sri Lankan music. ”

A music video featuring Hirushi Jayasena released last year had drawn 8.5 million views so far.

“I am both humbled and delighted to be able to release this project on a day that celebrates and recognises women,” Rodrigo was quoted as saying in the statement.

“It is remarkably difficult to break into the Sri Lankan music industry and even more difficult to make it far as a female artist.”

Soundarie David Rodrigo is an award-winning music and choral director, pianist, music educationalist, and now composer who completed her musical career at Royal College of Music in London.

She is the Founder and Music Director of Soul Sounds’, an all female choir which with international performances and ‘Soul Sounds Academy’.

As a soloist, Soundarie has performed both locally and internationally and has also collaborated with others.

She is the Sri Lankan Representative on the Council for Musica Mundi, and is a jury member at international choral competitions.

Soundarie is a lawyer with a masters’ in law in Intellectual Property and Entertainment Law from the University of California, Berkeley.

She was the Deputy Director at the SAARC Cultural Centre from its inception to 2016. (Colombo/Mar07/2021)

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Sri Lanka sells 2028 bonds at 14.52-pct

ECONOMYNEXT – Sri Lanka sold all offered bonds in 2026 and 2028 maturities raising 220 billion rupees from an auction Monday, data from the state debt office showed.

The debt office sold 135 billion rupees of 1 June 2026 bonds to yield 15.64 percent.

Another 85 billion rupees in 01 July 2028 bonds were sold to yield 14.52 percent.

The 2028 bond is offered on tap at the weighted average yield. (Colombo/Sept25/2023)

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Sri Lanka’s stocks end down on Monday after slow day of trading

ECONOMYNEXT – Sri Lanka shares were down at close of trading on Monday.

Turnover was 550 million rupees.

The main All Share Price Index was down 0.36 percent or 40.02 points to 11,216.50, while the S&P SL20 was down 0.44 percent or 14.07 points to 3,164.52.

Trading in the Capital Goods Industry (174,037,134) drove turnover.

Commercial Bank, Expolanka Holdings, and Aitken Spence plc saw losses, while National Development Bank, John Keells Holdings and Melstacorp saw gains in the day’s trading.

The market saw a net foreign inflow of 13 million rupees, while the yearly net foreign inflow was 429 million rupees. (Colombo/Sep25/2023)

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Sri Lanka rupee closes at 324.75/324.90 to the US dollar

ECONOMYNEXT – Sri Lanka’s rupee closed at 324.75/90 to the US dollar on Monday, from Friday’s close at 324.70/325.00 dealers said.

Bond yields were up.

A bond maturing on 01.07.2025 closed up at 15.55/15.70 percent on Monday, after closing at 14.95/15.30 percent on Friday.

A bond maturing on 01.08.2026 closed up at 15.50/15.65 percent up from 14.95/15.10 percent.

A bond maturing on 15.09.2027 closed up at 14.75/15.50 percent from 14.55/15.00 percent.

A bond maturing on 01.05.2028 closed up at 14.25/14.60 from 14.00/14.30 percent.

A bond maturing on 15.05.2030 closed stable at 13.00/13.50.

A bond maturing on 01.07.2032 closed at 12.95/13.45 percent from 13.00/13.45 percent. (Colombo/Sept25/2023)

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