At Wednesday’s start the Colombo bourse’s trading was on a low key, with the indices on mixed grounds, analysts said. The ASPI was up by 0.01 per cent by 10.10 am to stand at 7,057.35 while the S&P SL20 stood at 4,027.13, losing 0.05 per cent by this time. Analysts pointed out that, in the midst of heavy government expenditure requirements, Central Bank of Sri Lanka (CB) had raised another Rs.33.4 billion on behalf of the Government at Monday’s trading, thereby increasing demand side inflationary pressure on the economy. They added that at yesterday’s bond auction, a total of Rs. 14 billion was on offer consisting of Rs. 7 billion each on durations of 4.06 years and 6.04 years. “In money markets, the CB’s Open Market Operations (OMO) Department was seen mopping up excess liquidity by way of five auctions for outright sales of Treasury bills,” an analyst said. Total market turnover mainly generated by the banking and finance sector counter was Rs. 100 million at this time.
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
Gazette on new speed limit regulations to be issued within two weeks
Cabinet has approved a proposed amendment to the Constitution that a referendum would be required to extend the Presidential and Parliamentary term beyond five years.
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