Recap

News Recap: 20-12-2024

Markets

Sri Lanka Rupee Steady at 292.90/293.00 to US Dollar, Bond Yields Remain Unchanged

Sri Lanka’s rupee remained stable at 292.90/293.00 against the US dollar, while bond yields showed slight fluctuations. The All Share Price Index rose 0.32% to 14,701, and the S&P SL20 gained 0.47% to 4,410. Market turnover was recorded at 199 million rupees.

Economics

Sri Lanka’s Hambantota Industrial Park Secures $25 Million Mattress Export Investment

Sri Lanka’s Hambantota International Port Group secured a $25 million investment for a mattress factory in its China-backed industrial park. Comfort Mattress Lanka will export 7,000 containers annually and create local jobs, with youth training programs. The port will support operations, enhancing its role as a strategic gateway.