Business
Sri Lanka Implements Ban on Transport and Sale of African Swine Fever Infected Pigs
Sri Lanka has issued a three-month ban on the transport, slaughter, and sale of pigs infected with African Swine Fever (ASF) following an outbreak. The Western Province, home to about 1,000 pig farms, has reported over 11,600 pig deaths due to ASF. Additional measures are being planned to control the spread.
Economics
Sri Lanka Delegation Discusses Tax and Revenue Targets with IMF
A Sri Lankan delegation, led by Minister Vijitha Herath, discussed taxes and revenue targets with the IMF at its U.S. headquarters. The talks addressed existing taxes and strategies for a 2025 budget to meet revenue goals. No final decisions were made, but the IMF stressed the need for increased revenue.
Sri Lanka Implements Ban on Transport and Sale of African Swine Fever Infected Pigs
Sri Lanka has banned the transport, slaughter, and sale of pigs infected with African Swine Fever (ASF) for three months. The Western Province has reported over 11,600 pig deaths due to ASF, with an estimated 21,000 currently infected. Authorities plan further measures to control the outbreak.
Markets
Gold Price Today in Sri Lanka: 22 Carat 8 Grams Reaches Rs. 209,850 as of October 29, 2024
As of October 29, 2024, gold prices in Sri Lanka have slightly increased. The price for 22 Carat 8 Grams (1 Pawn) is Rs. 209,850, and 24 Carat 1 Gram is Rs. 28,610. Current prices aid buyers and investors in tracking gold market trends.
Sri Lankan Rupee Opens Weaker at 293.70/75 to US Dollar, Bond Yields Steady
Sri Lanka’s rupee opened slightly weaker against the US dollar at 293.70/75. Bond yields remained stable, with minor fluctuations noted. In the equity market, Colombo’s All Share Price Index rose by 0.26%, reaching 12,643, while market turnover was recorded at 248 million rupees.
Industry Analysis
Sri Lanka’s Rubber Industry Aims to Double Export Income to USD 2 Billion by 2030
Sri Lanka aims to double its rubber export income to USD 2 billion by 2030, focusing on key products like tyres and gloves. The industry employs over 500,000 people and currently holds a 0.25% share of the global market. Innovations and collaborations were highlighted during TechBiz Rubber Week.
Tech
Asia Foundation APAC Cybersecurity Fund Boosts MSME Cyber Resilience in Sri Lanka
The Asia Foundation launched the APAC Cybersecurity Fund in Colombo, backed by a $15 million grant from Google.org, to enhance cybersecurity for over 300,000 MSMEs in 12 Asia-Pacific countries. In Sri Lanka, training sessions and cyber clinics will support SMEs, addressing low cybersecurity awareness and promoting women’s economic involvement.