The Bank of Ceylon (BOC) has introduced the Youth Loan Scheme, aimed at nurturing the entrepreneurial drive among the youth. This initiative offers a favorable interest rate of 7% per annum, striving to fuel the aspirations of young innovators and future business leaders. With a loan amount of Rs. 500,000, the Youth Loan Scheme endeavors
The Colombo stock market experienced a resurgence into positive territory, buoyed by an uptick in investor sentiment and robust turnover. The benchmark All Share Price Index (ASPI) climbed by 0.66%, while the active S&P SL20 saw a 0.4% increase. Turnover reached Rs. 2.5 billion, involving a substantial volume of 207.6 million shares. According to Asia
The Sri Lankan construction sector has been facing challenges due to the economic crisis and the COVID-19 pandemic. In a positive development, the Ministry of Urban Development and Housing has addressed one of these concerns by settling over Rs. 12.5 billion in outstanding payments. This financial relief is expected to provide some much-needed breathing room
The Colombo Stock Exchange experienced a day of net foreign outflow and profit booking by local investors, leading to a decline in key indices. The year-to-date net foreign outflow surpassed Rs. 8 billion, with yesterday contributing Rs. 2.9 billion on account of LOLC Finance. A significant block of LOLC shares traded off-board, pushing the overall