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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.
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.
Sri Lanka emerges as first runners-up in the 2020 Online School Debate Championship, losing to Canada 8–1 in the finals. [63] It was the first instance where Sri Lanka made it to the finals in the history of World Schools Debating Championships. Sri Lanka was also awarded the top-performing ESL team for secondary English-speaking countries. [64]
The Sri Lankan economic crisis [8] is an ongoing crisis 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]
Sri Lanka's last local government elections in 2018 resulted in the Sri Lanka Podujana Peramuna (SLPP) securing a majority with 40% of the vote. [6] [7] [8]Gotabaya Rajapaksa, contesting under the SLPP, subsequently won the 2019 Sri Lankan presidential election, while Mahinda Rajapaksa led the SLPP to victory in the 2020 Sri Lankan parliamentary election.
At 157-1 near the halfway stage, Sri Lanka looked poised to reach the 300-mark before the wheels came off their innings and they had to settle for a below-par total.
On 19 March 2020, Sri Lanka reported an increase in cases from the COVID-19 pandemic, but the government went ahead with nominations for the election until 18 March 2020. [86] On 19 March, soon after the nominations ended, the Elections Commission with its powers postponed the elections. [ 68 ]
COLOMBO, Sri Lanka (AP) — A political alliance centered on the working class has emerged as a strong contender in Sri Lanka's presidential race, announcing itself to be the agent of change that ...