As business are planing to exit Dubai, Colombo Port City is in discussing to implement a single-window system for all businesses to re establish in Colombo, Offering, 100% foreign ownership, zero tax incentives and investor-friendly benefits.
The construction and construction material companies have shown a good recovery after the economic crisis in 2022-23.
What's next? IMO, we are ready to witness the growth phase of the sector in upcoming quarters. The nearest hardware shop can help you pick the right ones 😊.
Next🚀🌕 landing #ASI on @CSE_Media would be around 24340 mark with a high 26000 and expected seeing 🌠33400. Stay tuned! Dont ask me wen. Imagine the Possibilities. @SEC_SriLanka targeting 10% population and new products with #demutualisation will help uplift our Market.
My Article on CSE in today’s Daily FT.
Phoenix rising: How Colombo Stock Exchange symbolises nation’s remarkable resurrection | Daily FT https://t.co/JtKGs7Bpcn
S&P Global Ratings raised Sri Lanka’s sovereign rating to non investment rate CCC+ from Selective Default on a stable outlook citing the island nation’s economy has recovered steadily from its 2022 economic crisis. A positive development to the country https://t.co/bw278vpAGV
S&P upgrades to CCC+ in par with Moody’s and Fitch,
Which they did last year.
S&P waited for Sri Lankan Airlines Debt to be rescheduled,but going ahead with most fundamentals are improving.
S&P upgrades Sri Lanka's rating to 'CCC+/C' https://t.co/YcQjmPILz5
@CSEPrime 100% it was very decisive day,but support held!
Fingers crossed!
I had some conviction of recovery,given the + GDP growth figures released!
I made money cz i held what ever i had during both of the pull backs during this mega rally!
A YouTuber predicting the arrest of a former President before it even happens? That can’t be a coincidence, could it be planned? If true, it’s a sad day when something as sacred as law and order is reduced to cheap theatrics.
Statement Made by Sudha
Sudha, a popular YouTuber, recently made a completely baseless and irresponsible statement suggesting that if President Ranil Wickremesinghe appears before the Criminal Investigation Department tomorrow to give a statement, he must be arrested, produced before court, and mandatorily remanded for 14 days. He further claimed that if this does not happen, he would discontinue his YouTube programs.
I as a lawyer strongly condemn this statement. Such remarks not only demonstrate a blatant disregard for the principles of justice but also seek to mislead the public into believing that judicial decisions can be dictated by personal whims or political conspiracies.
By attempting to portray himself as being privy to the “inner circle” of government decision-making, Sudha is deliberately undermining public trust in the independence of the judiciary.
The law is clear: under the Bail Act No. 30 of 1997, as explained by then Minister of Justice Prof. G.L. Peiris, granting bail is the rule, while refusing bail is the exception. Remanding an individual is permitted only if they evade court, obstruct investigations, or attempt to influence witnesses.
It is upto to the judge who precides the case to decide whether the accused should be remanded or released on bail based on the facts presented and placed before him. It is not upto the general public to make such arbitrary statements to influence the process of administration of justice.
If such actions of remanding are carried out tomorrow, there is reasonablity to believe that it is nothing less than a coordinated political vendetta involving Sudhantha Thilakasiri, Anura Kumara Dissanayake, and others within the judiciary, the Attorney General’s Department, and the Police, based on the statement made by Sudha. Sudha’s confidence in making such statements only confirms his complicity in this conspiracy.
Sri Lanka’s democracy cannot afford to be hijacked by individuals who seek to weaponize the law for political revenge. If Anura Kumara Dissanayake’s leadership resorts to such practices, it would mirror and signal an authoritarian regime.
I call upon all citizens to remain vigilant against such reckless narratives and stand firmly for the rule of law and the independence of our judiciary.
Glad our #USTarriffs are at 20% so we can continue to be regionally competitive. Credit goes to all who worked on it on our #SriLanka side (seen and unseen) and appreciation to @USTradeRep for understanding our limitations. Let’s now seriously work on breaking down the walls around us and building bridges to the world!