China Exim Bank Becomes First to Restructure Sri Lanka’s Debt
Sri Lanka has successfully restructured defaulted loans and past due interest owed to the Export Import Bank of China, transforming them into $4.187
Economics
Business
JAAF Urges Government to Address Business Visa Issues Promptly
The Joint Apparel Association Forum (JAAF) has called on the Sri Lankan government to urgently address the challenges surrounding the issuance of short-term
Economics
Cess Levy on Imported Cement Reduced by Rs. 1 Per Kilogram
The Finance Ministry has announced a reduction in the cess levy on imported cement by Rs. 1 per kilogram, effective from 6 September
Finance
FC Forecasts Lending Rates to Stay Between 9-11% for Remainder of 2024
First Capital (FC) anticipates that bank lending rates will remain within the 9-11% range for the rest of 2024 and rise slightly to
Tech Industry
Medcube USA Launches CLAUDMD Medical Billing Software Developed in Sri Lanka
Medcube USA LLC has officially launched Version 1.0 of CLAUDMD, its cutting-edge Medical Billing Software that integrates Patient Management (PM) and Electronic Health
Forex Market
Sri Lanka Rupee Opens Weaker at 299.10/40 Against US Dollar; Bond Yields Rise
Sri Lanka’s rupee opened weaker at 299.10/40 against the US dollar on Monday, according to market dealers. Bond yields showed an upward trend,
Economics
Sri Lanka’s Private Credit Expands by Rs. 60 Billion in July 2024, SOE Credit Declines
Sri Lanka’s private sector credit expanded by Rs. 60 billion in July 2024, following a Rs. 74 billion rise in June, according to
Markets
Gold Prices in Sri Lanka Today: 22K and 24K Rates as of 9th September 2024
As of 9th September 2024, the gold prices in Sri Lanka remain steady, with updated rates for both 22 Carat and 24 Carat
Forex Market
Sri Lankan Rupee Strengthens to 298.70 Against US Dollar, Bond Yields Rise
Sri Lanka’s rupee opened stronger on Friday, trading at 298.70/80 against the US dollar, according to market dealers. The rupee had closed at
Tech
LOLC Sets New Milestone in Graphene Technology with Middle East Expansion
LOLC Advanced Technologies (LOLC AT), Australia, a subsidiary of LOLC AT, Sri Lanka, has taken a major step in expanding graphene technology with