Union Bank Appoints Dilshan Rodrigo as New Chief Executive Officer
Union Bank has appointed Mr. Dilshan Rodrigo as its new Director/Chief Executive Officer, effective August 16, 2024. With over two decades of experience
Industry Analysis
Bond Yields
Sri Lankan Rupee Strengthens to 298.50/60 Against US Dollar; Bond Yields Edge Down
Sri Lanka’s rupee opened stronger on Friday at 298.50/60 against the US dollar, improving from the previous day’s close of 298.95/299.05, according to
Business
Luxury Airport Shuttle Service Launched from BIA to Colombo and Makumbura
A new luxury ‘Airport Terminal Shuttle Service’ has been launched from Bandaranaike International Airport (BIA) to the Colombo Fort Railway Station and the
Markets
Gold Price in Sri Lanka
As of August 16, 2024, the gold prices in Sri Lanka are as follows: Gold Unit Gold Price Gold Ounce Rs. 735,203.00 24
Economics
WindForce Achieves Stellar Q1 Performance with 87% Surge in EBITDA
WindForce PLC has reported an exceptional financial performance for the first quarter of the 2024/25 fiscal year, showcasing significant growth across key metrics.
Economics
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
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