Colombo shares lost ground on Tuesday, owing to pressure from not-so-good-results posted by listed companies and the fact that corporate taxation matters was still unresolved, analysts said. They added that investors are anticipating an interest rate hike in the medium term, despite today's unchanged rates announced by the Monetary Policy Review by the Central Bank. The All Share Price index lost 0.21 per cent to close at 7,311.29, with the S&P SL20 losing 0.57 per cent close at 4,103.77 on a turnover amounting to Rs. 1.2 billion.
Tamar Amitai, a 25-year-old Israeli tourist who went missing in Uppuveli, Trincomalee, was found safe after a three-day joint search operation today.
The Colombo High Court today (28) sentenced former parliamentarian Hirunika Premachandra to three years of Rigorous Imprisonment over charges of the involvement of an abduction.
In his special statement, President Ranil Wickremesinghe announced that debt restructuring agreements will postpone all bilateral loan payments to foreign countries until 2028. Additionally, Sri Lanka will have until 2043 to repay these loans on concessional terms.
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