Tourist Arrivals to Sri Lanka Exceed 91,000 in Early August
Sri Lanka has experienced a significant boost in tourist arrivals, with over 91,000 international visitors arriving in the first two weeks of August.
Tourism
Industry Analysis
SLT-Mobitel Reports Moderate Revenue Growth and Improved Profitability in 1H 2024
SLT-Mobitel has demonstrated resilience in the first half of 2024, reporting moderate revenue growth alongside significant improvements in profitability. For 1H2024, the group’s
Industry Analysis
Vallibel Finance Expands with New Branches in Medawachchiya, Battaramulla, Nittambuwa
Vallibel Finance has recently expanded its network across Sri Lanka by opening new branches in Medawachchiya, Battaramulla, and Nittambuwa. These new locations will
Business
Sri Lanka’s Tea Exports Drop 6.2% in July 2024, But FOB Value Rises
Sri Lanka’s tea exports in July 2024 totaled 21.35 million kilogrammes, marking a 6.2% year-on-year decline. While bulk and packeted tea exports showed
Economics
Sri Lanka on La Niña Watch: Potential Threat to 2025 Maha Rice Crop
Sri Lanka is on alert for potential La Niña conditions, which could result in below-average rainfall from October 2024, posing a risk to
Forex Market
Sri Lanka Rupee Opens at 298.90/299.20 Against US Dollar; Bond Yields Steady
On Monday, Sri Lanka’s rupee opened at 298.90/299.10 against the US dollar, slightly stronger than Friday’s close of 299.00/10. Bond yields remained steady,
Economics
Sri Lanka to Amend Controversial Strategic Development Projects Act by February 2025
Sri Lanka plans to amend its controversial Strategic Development Projects (SDP) Act by February 2025, according to Treasury Secretary Mahinda Siriwardana. The Act,
Markets
Gold Prices in Sri Lanka Today
As of 20th August 2024, the gold price in Sri Lanka for 22 Carat 8 Grams (1 Pawn) is Rs. 193,600. For those
Tech Industry
Rootcode Foundation Opens Second Computer Lab to Empower Underprivileged Students
The Rootcode Foundation inaugurated a new computer lab at Mawathgama Kanishta Vidyalaya on August 4, 2024, marking its second major initiative to empower
Stock Market
Cable Solutions Limited Debuts on Colombo Stock Exchange with Oversubscribed IPO
Cable Solutions Limited (CODE: CSLK-N-0000) successfully commenced trading on the Colombo Stock Exchange (CSE) on August 14, 2024. The company marked this milestone