News Summary: 3rd of October 2024
Business Tea Sales Average Rises by US $0.06 in September 2024 The national tea sales average for September 2024 increased to Rs.1,207.99 (US
Uncategorized
Forex Market
Sri Lankan Rupee Falls to 296.60 Against US Dollar; Bond Yields Increase
On Thursday, the Sri Lankan rupee opened weaker at 296.60/297.20 to the US dollar, compared to 296.40/80 the previous day, according to dealers.
Markets
Gold Prices in Sri Lanka: On 3rd October 2024
As of 3rd October 2024, gold prices in Sri Lanka are as follows: In addition, the gold rates for other units are: These
Investing
Netherlands Invests €300,000 in Gampaha Batik SMEs with Electric Three-Wheelers
The Netherlands’ Foreign Affairs Ministry has invested €300,000 in a cluster project aimed at enhancing the sustainability and growth of local batik SMEs
Industry Analysis
Lasith Nanayakkara Takes Charge as CIO of National Savings Bank
National Savings Bank (NSB) has appointed Lasith Nanayakkara as its new Chief Information Officer (CIO) and IT Deputy General Manager, effective October 1.
Forex Market
US Dollar Falls Below Rs. 300 for the First Time
The selling rate of the US dollar has fallen below Rs. 300 for the first time since June 8, 2023, reaching Rs. 299.35
Educational Opportunities
CSE Celebrates ADFM Graduates’ Achievements
Colombo Stock Exchange Celebrates Graduation of Advanced Diploma in Financial Markets Students The Colombo Stock Exchange (CSE) held a ceremony on September 30,
Industry Analysis
Singer Sri Lanka Wins FAPRA Award for Innovative Retail Concept
Singer Sri Lanka has been awarded the Most Innovative Retail Concept Award for 2023/2024 by the Federation of Asia-Pacific Retailers Association (FAPRA). This
Finance
People’s Bank Enhances Services for Migrant Workers on World Children’s Day
On October 1, 2024, People’s Bank marked World Children’s Day by relaunching its ‘Ethera Udana Minors’ Foreign Currency Account, now equipped with new
Industry Analysis
Amana Bank Declares Record Dividend for Seventh Straight Year
Amana Bank has declared its seventh consecutive annual dividend, marking its highest payout to date, totaling Rs. 661 million. This represents a significant