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
Finance
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
Markets
Gold Prices in Sri Lanka on September 18, 2024
As of September 18, 2024, the price of gold in Sri Lanka remains strong. The rate for 22-carat gold stands at Rs. 25,110
Economics
Oil Prices Climb on Middle East Tensions and Anticipated US Rate Cuts
Crude oil prices have seen an uptick at the start of this week, following a previous week of losses, as escalating violence in
Markets
Gold Prices in Sri Lanka as of August 23, 2024
As of August 23, 2024, gold prices in Sri Lanka are as follows: These rates reflect the current market value for various gold
Industry Analysis
Union Bank Launches Upgraded UBgo App, Enhancing Digital Banking Experience
Union Bank proudly announces the launch of its upgraded UBgo mobile app, a key development in the bank’s ongoing digital transformation strategy. This