Sri Lanka to Offer Visa-Free Entry to Tourists from 35 Countries Starting October 1
Sri Lanka has announced a new visa-free entry policy for tourists from 35 countries, effective October 1, 2024. This initiative is part of
Tourism
Markets
Gold Prices in Sri Lanka as of August 22, 2024
As of August 22, 2024, the gold prices in Sri Lanka are as follows: Gold Unit Gold Price Gold Ounce Rs. 752,843.00 24
Forex Market
Sri Lanka Rupee Opens Weaker at 300.90/301.30 to US Dollar; Bond Yields Stable
Sri Lanka’s rupee opened weaker at 300.90/301.30 against the US dollar on Thursday, according to dealers. The currency closed at 300.20/60 to the
Business
Sri Lanka’s State Sugar Firms Struggle with Surplus Ethanol Amid Falling Legal Alcohol Demand
Sri Lanka’s state-owned sugar companies are facing a significant challenge with unsold ethanol, as demand for legal alcohol has plummeted following the country’s
Investing
Sri Lanka to Develop $1.5 Billion Logistics Hub in Trincomalee
Sri Lanka is set to establish a major logistics hub in Trincomalee’s Kappalthurai, targeting heavy industries and aiming to attract up to $1.5
Finance
Sri Lankan Banks and Bank of China Explore Offshore Banking Opportunities in Colombo Port City
Nine Sri Lankan banks, along with the Bank of China, have shown interest in establishing branches within the Colombo Port City, according to
Business
John Keells Holdings Completes Delisting of Luxembourg GDR Programme
John Keells Holdings has announced the successful completion of the delisting of its Global Depositary Receipt (GDR) programme from the Luxembourg Stock Exchange.
Personal Finance
Maliban Group Appoints Kumudika Fernando as New Chairperson
The Maliban Group has announced a major leadership transition, with A.G. Kumudika Fernando being appointed as the new Chairperson, effective August 15, 2024.
Economics
National Consumer Prices Rise Slightly to 2.5% in July; Central Bank Confident in Controlling Inflation
National consumer prices in Sri Lanka saw a slight increase in July, rising by 2.5% compared to the same month last year. This
Economics
CEB Utilizes Rs. 93 Billion Profit to Settle Power Project Debts: Minister Wijesekera
Power and Energy Minister Kanchana Wijesekera announced yesterday that the Ceylon Electricity Board (CEB) used its net profit of Rs. 93 billion, registered