"It is now clear that #AKD will be the new President of #SriLanka. In the spirit of democracy and goodwill I called and wished my friend the best in the arduous road ahead" -SJB MP Harsha De Silva

From 3% to Presidency. A resilient and enduring individual for a resilient and enduring nation Congratulations Anura Kumara Dissanayake, President-elect of #SriLanka 🇱🇰

A good cross-section of the business community present at #AKD's swearing-in ceremony #SriLanka #President

President Anura Kumara Dissanayake meets defence & security heads #SriLanka #President #AKD

Market green-lights #AKD's Presidency Stock market's ASPI and S&P SL20 jumped 1.2% and 2.1% respectively in the first market day after Anura Kumara Dissanayake was elected President of #SriLanka 🟢

Turnover hits Rs.1 billion at mid-day. ASPI up 1.5% and S&P SL20 up 1.8% #SriLanka #StockMarket

#Colombo Stock Exchange (ASPI) rallies 2.1% (237 points) on a healthy Rs.2 billion turnover #SriLanka #StockMarket

Mahinda Siriwardana retained as the Treasury Secretary K M Mahinda Siriwardana has been appointed Secretary to the Ministry of Finance, Economic Development, Policy Making, Planning and Tourism. This ministry is under the President Anura Kumara Dissanayake

Sector to watch: Hotels One of the 3 sectors earmarked by the #AKD administration to derive immediate benefits for the economy is tourism. Hence, we may see positive developments in the sector going forward 🏨👀 #SriLanka #StockMarket #StocksToWatch

Moody’s Ratings gives thumbs up to #AKD "While Dissanayake’s election constitutes a major shift in #SriLanka’s political landscape, we believe broad appetite for reforms will remain intact. We don't expect significant disruption to country’s reform agenda or macroecon policies"

Stock market turnover hits Rs.1 billion 1 hr 20 minutes into trading, with the ASPI and S&P SL20 gaining 1.2% and 1.7% respectively #SriLanka #StockMarket

It is important to consider the P/E Ratio of a market before investing because it gives an indication of how much investors are willing to pay per Rupee of earnings. A market with a high P/E ratio may indicate that it may be overvalued. Similarly, a low P/E ratio may indicate

Stock market skyrockets 🚀 Volumes and activity returns as the ASPI rally 2.9% and S&P SL20 surge 4.6% on close to Rs.4 billion turnover #SriLanka #StockMarket

Before making any structural changes across all sectors, the economy needs to be stabilised. For this, the govt intends to continue with the IMF program & proceed with the debt restructuring, with the aim of achieving debt sustainability as soon as possible -President #AKD

Asian Development Bank has revised upward #SriLanka’s 2024 GDP growth to 2.6% Forward-looking indicators suggest continued robust growth in 2024 & beyond, supported by looser monetary policy, better public financial management & progress in debt restructuring -DN 🌐🇱🇰📈

Stock market turnover hits Rs.1 billion within the first half-hour of trading ASPI up 2% and S&P SL20 up 3% #SriLanka #StockMarket #stocks

#India extends $50 million loan to the #Maldives, helps dodge historic Sukuk default Maldives have received a $50Mn emergency loan. In addition to this, Maldives is negotiating a $400Mn currency swap agreement with India, which could provide further relief -Business Today 🇮🇳💵🇲🇻

Immediate investigations to be launched regarding alleged irregularities in contracting the VFS organization to issue visas –Minister Vijitha Herath 👨🏻‍✈️👩🏻‍✈️ x.com/MarketNewsLK/s…