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The Sri Lankan economic crisis [8] is a in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
Ceylon Petroleum Corporation, commonly known as CEYPETCO (CPC), is a Sri Lankan oil and gas company. Established in 1962 and wholly owned by the Government of Sri Lanka, it is the largest oil company in Sri Lanka. It was formed in 1961 by nationalisation and expropriation of all private oil companies in Sri Lanka at the time of its formation. [4]
It is based on market capitalisation. Weighting of shares is conducted in proportion to the issued ordinary capital of the listed companies, valued at current market price (i.e. market capitalisation). The base year is 1985, and the base value of the index is 100. This is the longest and the broadest measure of the Sri Lankan Stock market.
1 January – The "Clean Sri Lanka" national initiative commences under the patronage of President Anura Kumara Dissanayake. [1]16 January – The government announces an agreement with Chinese state oil company Sinopec valued at $3.7 billion to construct a "state-of-the-art oil refinery" with a capacity of 200,000 barrels in Hambantota.
CIC Holdings PLC is a Sri Lankan conglomerate holding company engaged in merchandising and manufacturing chemical products.The company was incorporated in 1964 and listed on the Colombo Stock Exchange in the same year.
The Ministry of Energy (Sinhala: බලශක්ති අමාත්යාංශය Balashakthi Amathyanshaya; Tamil: பெற்றோலிய வள ...
Sri Lanka Freedom Party: 10 April 2004: Minister of Industry, Tourism and Investment Promotion [38] [39] [40] 17 September 2004: Minister of Industry and Investment Promotion [41] Sarath Amunugama: Sri Lanka Freedom Party: 22 August 2005 [42] Kumara Welgama: Sri Lanka Freedom Party: 28 January 2007: Mahinda Rajapaksa: Minister of Industrial ...
[citation needed] SAFE consists of 17 exchanges from India, Pakistan, Bangladesh, Sri Lanka, Nepal, and Bhutan. Its primary objectives are to encourage cooperation among its members to promote the development of their individual securities markets, to develop an integrated regional stock trading system, and to offer to list and trade securities ...