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Friday July 12th, 2024

Sri Lanka has food for several months says agri ministry, Coronavirus count 97

CURFEW BREAK: A road in a Colombo suburb of Battaramulla full of unusual traffic as people try to stock up on food on Monday Mar 24.

ECONOMYNEXT – Sri Lanka has enough food for several months, the Ministry of Agriculture said, while urging people not to crowd around shops when curfew imposed to combat Coronavirus is lifted as the Indian Ocean Island’s coronavirus count went to 97 overnight.
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Sri Lanka’s Health Ministry said 19 persons were confirmed as having Covid – 19, 222 were under observation by 1030 March 23 and the first two recovered patients were discharged.

Sri Lanka said it is releasing the first quarantined persons.

Sri Lanka’s Army Chief Shavendra Silva asked the public not to discriminate against anyone released from quarantine.

The ministry said private super markets and state shops have sufficient stocks for people to buy whenever there is no curfew.

Arrangements have also been made to distribute pre-packed packages priced at 500 and 1000 rupees at housing schemes and apartments which are densely populated.

Sri Lanka’s Prima Ceylon said there was three months worth of wheat in the country and it had the ability to distribute food around the country.

The ministry said economic centres in Dambulla, Meegoda and Narahenpita were active with trucks full of vegetables coming and going to many parts of the country.

Related

Sri Lanka’s Prima Ceylon gives 222 tonnes of wheat, poultry for Coronavirus quarantine

Sri Lanka supermarkets limit basket size, customers respond in Coronavirus fight

Supermarkets have limited basket sizes and asked people to line up with keeping at least one metre distance between them.

Sri Lanka has declared rolling three day curfews with a six hour break to prevent the spread of Coronavirus in the country.

On Tuesday Sri Lanka is lifting curfew to Colombo, Gampaha and Puttalam districts. (Colombo/Mar24/2024)

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Sri Lanka appoints new Attorney General

ECONOMYNEXT – Sri Lanka’s President Ranil Wickremesinghe has appointed K A Parinda Ranasinghe PC as Attorney General.

He was appointed in terms of Article 61E (b) of the Constitution of Sri Lanka, the president’s media division said.

The new AG received the appointment from President Wickremesinghe at the Presidential Secretariat on Friday.

Ranasinghe is the 49th Attorney General of Sri Lanka.

He fills the post after the retirement of former Attorney General Sanjay Rajaratnam. (Colombo/Jul12/2024)

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Sri Lanka rupee closes stronger at 301.70/302.00 to US dollar

ECONOMYNEXT – Sri Lanka’s rupee closed stronger at 301.70/302.00 to the US dollar on Friday, from 302.80/303.00 to the US dollar on Thursday, dealers said, while bond yields were up.

A bond maturing on 15.12.2026 closed at 10.90/11.00 percent, up from 10.85/95 percent.

A bond maturing on 15.12.2027 closed at 11.75/80 percent, up from 11.80/88 percent.

A bond maturing on 01.05.2028 closed at 11.90/12.00 percent.

A bond maturing on 15.09.2029 closed at 12.10/30 percent, up from 12.15/25 percent. (Colombo/Jul12/2024)

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Sri Lanka stocks close up, muted activity

ECONOMYNEXT – The Colombo Stock Exchange closed up on Friday, data on its site showed.

The broader All Share Index closed up 0.35 percent, or 41.71 points, at 11,843; while the more liquid S&P SL20 Index closed up 0.56 percent, or 19.20 points, at 3,454.

Turnover was low at 653 million.

“The market picked up a bit from yesterday but it’s still below the psychological 12,000 mark,” Softlogic Stockbrokers said.

“Local retail participation drove the market predominantly.”

John Keells Holdings Plc brought in Rs109mn to the turnover, and the share closed flat at 194.50.

Melstacorp Plc contributed in Rs104mn to the turnover, and the share closed flat at 85.00.

Sentiment around the banking counters was mostly negative. Sampath Bank Plc closed down at 77.00, closed flat at 101.25, and Hatton National Bank Plc closed flat at 195.25.

The top contributors to the ASPI were Commercial Bank of Ceylon Plc (up at 103.50), Bukit Darah Plc (up at 397.00), and Hayleys Plc (up at 101.00).

Foreign participation remained low as well. There was a higher net foreign outflow of 101 million.

“Foreign selling was seen on John Keells Holdings, and banking counters; Hatton National Bank Plc (down at 195.00), Pan Asia Banking Corporation Plc (down at 20.70), and Commercial Bank of Ceylon Plc.

There was selective foreing interest on the diversified financials sector, particularly in companies that had vehicle leasing portfolios. “We think this might be due to the news of the vehicle import ban possibly ending.”

LOLC Holdings Plc closed up at 440.50, People’s Leasing and Finance Plc closed up at 12.20.

Softlogic Holdings Plc which announced the date of its rights issue, closed up at 8.50. (Colombo/Jul12/2024)

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