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Monday September 25th, 2023

Sri Lanka puts Ayurveda, Hela Osu under international spotlight

ECONOMYNEXT – Sri Lanka is hosting an international conference on Ayurveda, a traditional South Asian medical system and the island’s own Hela Osu practices as global interest is intensifying, kindling a growing medical tourism trend, organizer said.

“It is both a wonderful opportunity and a huge challenge to be a co-host at this first of kind symposium where the world’s Ayurveda specialists’ attention will be focused on our nation and its great heritage in indigenous medicine,” Asoka Hettigoda Managing Director of Sri Lanka’s Siddhalepa, an eastern healthcare group said.

“As a pioneer and leader in the Ayurveda industry, it will be our task to make it an annual event on the international Ayurveda calendar so that the profound benefits of our ancient discovery of indigenous medicine can be widespread among people of today…”

The international symposium will be held on October 05, at the Siddhalepa Ayurveda Resort, Wadduwa Sri Lanka.

Sri Lankan experts and Ayurveda practitioners from UK, Germany, Switzerland, Japan, Austria, and USA are billed to speak at the conference.

A former Sri Lanka administrative officer, who has developed a narrative on Hela Osu, medical practices that are believed to pre-date the island’s Indianized culture will also speak at the conference. (Colombo/Oct04/2019)

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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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