Sri Lanka Sees 26,889 Tourists in Early August, Exceeds 1.2M Arrivals for 2024
Sri Lanka saw 26,889 tourists arrive in the first four days of August 2024, pushing the total visitor count for the year to
Tourism
Finance
DFCC Bank Sells Sovereign Bonds, Records Provision Reversal
DFCC Bank has reported a partial sale of its Sri Lankan sovereign bond holdings, resulting in a loss of 2.17 billion rupees. This
Economics
Sri Lanka’s July 2024 Remittances Increase by 10.3% to $566.8 Million
Sri Lanka’s remittances surged by 10.3% to $566.8 million in July 2024, marking a significant rise from the previous year, thanks to increased
Forex Market
Sri Lankan Rupee Strengthens to 299.85/300.00 Against US Dollar
Sri Lanka’s rupee opened stronger at 299.85/300.00 against the US dollar on Monday, showing improvement from its previous close of 300.00/20. Bond yields
Finance
HNB to Raise Up to Rs12 Bn Through Debenture Issue
Hatton National Bank Plc (HNB) is set to raise up to Rs12 billion through a new debenture issue, the bank announced. The debentures,
Economics
Sri Lanka to Raise Pension Payments to Rs6,000 in October
Sri Lanka will pay its state pensioners a total of Rs6,000 in October following opposition from the Elections Commission regarding an initial Rs3,000
Markets
Gold Prices in Sri Lanka as of August 12, 2024
As of August 12, 2024, gold prices in Sri Lanka are as follows: Gold Unit Gold Price Gold Ounce Rs. 730,506.00 24 Carat
Bond Yields
Sri Lankan Rupee Strengthens, Bond Yields Increase
Sri Lanka’s rupee opened stronger at 300.45/60 to the US dollar on Friday, compared to Thursday’s close of 300.80/301.05. Despite this strengthening, the
Economics
Sri Lanka Urged to Boost Annual USD 12 Billion Export Volume
At a recent Business Dialogue event hosted by the Advocata Institute at Queens Hotel Kandy, Prof. Sirimal Abeyratne emphasized the need for Sri
Economics
Oversupply Pressures Ceylon Grain Elevators’ Profits in Q2
Ceylon Grain Elevators PLC (CGE), Sri Lanka’s leading poultry producer, reported a decline in both revenue and profit for the second quarter of