Sri Lanka Expected to Breach Inflation Target Until Q1 2025: Central Bank
Sri Lanka’s inflation is projected to remain below 3 percent through the first quarter of 2025, according to the Central Bank. This marks
Economics
Bond Yields
Sri Lankan Rupee Strengthens, Bond Yields Decline Marginally
On Thursday, Sri Lanka’s rupee closed stronger at 298.95/299.05 against the US dollar, improving from the previous day’s 299.15/25, according to dealers. Concurrently,
Business
ComBank Secures Historic Rs. 22.54 Billion Through Record-Breaking Rights Issue
The Commercial Bank of Ceylon PLC has successfully completed the largest rights issue ever by a bank in Sri Lanka, raising a substantial
Economics
Economist Criticizes Poverty-Level Wages in Sri Lanka’s Private Sector and Calls for Urgent Reforms
Top economist Dr. Anila Dias Bandaranaike has raised concerns over the viability of the low wages offered by Sri Lanka’s private sector, revealing
Business
BYD Auto Open to Future Assembly Plant in Sri Lanka Based on Market Demand
A top official from China-based BYD Auto Industry Co. Ltd has expressed that the company is open to discussions about setting up an
Markets
Gold Prices in Sri Lanka
As of August 15, 2024, the price of 22 carat gold in Sri Lanka is Rs. 190,250 for 8 grams (1 pawn). The
Forex Market
Sri Lankan Rupee Strengthens to 299.05 Against US Dollar, Bond Yields Steady
Sri Lanka’s rupee strengthened to 299.00/15 against the US dollar in early trading on Thursday, showing an improvement from the previous day’s close
Economics
JKH and CG Corp Partner to Bring BYD Electric Vehicles to Sri Lanka
Sri Lanka’s John Keells Holdings (JKH) has partnered with Nepal’s Chaudhary Group (CG Corp) to introduce BYD electric vehicles (EVs) to the region,
Economics
Colombo Marina Development Receives Strategic Venture Designation for Exemptions and Incentives
Browns Investments’ Colombo Marina Development (Private) Limited has been officially designated as a primary venture with strategic development status under the Colombo Port
Finance
BOC Recognized Among Top 1000 World Banks for 2024 by The Banker
Bank of Ceylon (BOC), Sri Lanka’s leading financial institution, has proudly announced its inclusion in The Banker magazine’s esteemed list of Top 1000