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Monday September 25th, 2023

Yara Technologies develops platform for schools to communicate with parent

ECONOMYNEXT – Yara Technologies, a Colombo-based start-up it had launched an online platform that connects schools and pre-schools with parents.

‘Talkative Parents’ has cleared the problems of using using notes, text messages and social media where messages sometimes do not reach parents, the firm said.

Schools have been able to benefit from reduced paper consumption, printing, admin and labour costs.

“Our key objective is to add value to the education segment by helping schools communicate and engage with parents more effectively in a controlled and secure manner,” Yara Technologies Director Chaminda Silva said.

“In the next stage, while continuing to ensure complete privacy, we aim to move into data analytics and reporting,to help schools analyse their data and come up with customised solutions.”

St, Thomas’ Preparatory School and Bishop’s College Colombo are now using it as their official communication channel, the firm said. It has a subscriber base of 6,000 active users.

“Talkative Parents is a very useful app which allows us to communicate with ease,” Sharmila Gunatilleke, Principal at Bishop’s College was quoted as saying.

“Today we hardly send out paper notices, and thanks to Talkative Parents, we are instantaneously in touch with all parents,” Preparatory School Headmaster Reverend Dushantha Rodrigo said. (Colombo/Apr02/2020)

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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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