Sri Lanka’s Capital Market Awaits Policy Signals from President-Elect Dissanayake
Sri Lanka’s capital market is bracing for a cautious approach as it awaits President-elect Anura Kumara Dissanayake’s inaugural speech, with investors eager for
Policy and Regulation
Government Regulations
Sri Lanka Cabinet Approves Bill to Modernize Cross-Border Trade
In a landmark decision, Sri Lanka’s Cabinet has approved the National Trade Facilitation Roadmap bill, marking a significant advancement in the country’s efforts
Economics
Ceylon Energy and HJT China Complete 33kV Power Lines in Maho and Ampara
Ceylon Energy, in collaboration with HJT China, proudly announces the successful completion of the Maho and Ampara 33kV power distribution lines. This achievement
Markets
Gold Prices in Sri Lanka: September 23, 2024
As of September 23, 2024, the price for 22-carat gold in Sri Lanka stands at Rs. 207,200 for 8 grams (1 pawn). The
Finance
CBSL: Today Is Not a Bank Holiday Despite Public Holiday
The Central Bank of Sri Lanka (CBSL) issued a statement today clarifying that, although September 23, 2024, is a public holiday, it is
Bond Yields
Sri Lankan Rupee Strengthens After Presidential Election, Bond Yields Decline
Sri Lanka’s rupee strengthened on Monday, trading at 303.90/304.10 against the US dollar, an improvement from Friday’s 305.25/306.00, following the election of a
Business
CIOB Announces Construction Expo 2025: A Key Event for Sri Lanka’s Building Industry
The Ceylon Institute of Builders (CIOB) has unveiled plans for the Construction Expo 2025, scheduled to take place from March 14 to 16,
Business
Sri Lanka Sets New Wage Rates for Tea and Rubber Workers at Rs1,350 Plus Rs50 per Kilo
Sri Lanka’s wage board has announced new daily wage rates for tea and rubber workers effective from September 10, as detailed in a
Forex Market
Sri Lanka Rupee Weakens to 303.35/85; Bond Yields and Stocks Rise
On Monday, Sri Lanka’s rupee opened weaker at 303.35/85 against the US dollar, a decline from Friday’s rate of 302.25/80, according to dealers.
Economics
Sri Lanka Central Bank’s Foreign Reserves Remain Negative at US$728 Million (July 2024)
As of July 2024, Sri Lanka’s central bank continues to face a challenging financial situation, with net foreign reserves remaining in the negative