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In 1978 Jayewardene introduced a new constitution making Sri Lanka a presidential 'Democratic Socialist' republic, with himself as executive President The Constitution of Sri Lanka: Chapter I – The People, the State and Sovereignty. In 1980 he crushed a general strike by the trade-union movement, jailing its leaders.
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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.
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1971 JVP insurrection: Marxist insurrection conducted by the Janatha Vimukthi Peramuna against the government of Sri Lanka. 1972: Sri Lanka becomes a republic, and country's name Ceylon was changes to Sri Lanka: 1983 24–30 July Black July by the government and Sinhalese mobs; Beginning of the Sri Lankan Civil War: 1987 29 July Signing of the ...
The president of Sri Lanka is the elected head of state and the chief executive of Sri Lanka. The president is a dominant political figure in the country. The office was created in 1972, as more of a ceremonial position. It was empowered with executive powers by the 1978 Constitution introduced by J. R. Jayewardene.
The S&P SL20, or the Standard & Poor's Sri Lanka 20, is a stock market index, based on market capitalization, that follows the performance of 20 leading publicly traded companies listed in the Colombo Stock Exchange.
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