Sri Lanka’s 2024 BOP Surplus Lags Behind 2023 Amid Ongoing Economic Policies
Sri Lanka’s balance of payments (BOP) remains in surplus in 2024, but it trails slightly behind the figures from 2023, according to official
Economics
Business
Sri Lanka Police Seize Fake Casio Watches in Colombo Raid
Sri Lanka’s Colombo Crime Division (CCD) recently conducted raids on several shops, seizing stocks of counterfeit Casio watches, according to a statement from
Bond Yields
Sri Lankan Rupee Strengthens to 300.80/301.05 Against US Dollar
Sri Lanka’s rupee strengthened to 300.80/301.05 against the US dollar on Thursday, compared to 301.55/65 on Wednesday, according to market dealers. Concurrently, bond
Business
CEAT Tyres Selected as Original Equipment for Hyundai Grand i10 Assembled by Abans Auto
CEAT has been selected as the original equipment tyre for the 2024 Hyundai Grand i10, which is assembled, sold, and serviced in Sri
Finance
Amãna Bank Expands Self-Banking Services with New Centre in Kattankudy
Amãna Bank has inaugurated its latest self-banking centre at Kattankudy Beach Road, marking a significant expansion in its network. This new facility, located
Real Estate
Prime Group Launches YOLO: Sri Lanka’s Premier Modern Home Apartment City
Prime Group has unveiled its most ambitious project to date, the “YOLO” apartment city in Kiribathgoda, marking a new era in luxurious urban
Tech
LKNOG Conference 2024 to Elevate Sri Lanka’s Network Infrastructure
The LKNOG (Lanka Network Operators Group) Conference 2024, set to take place from August 12th to 16th at Galle Face Hotel and Hotel
Finance
Pan Asia Bank Unveils ‘SME Re-Energizer’ Loan to Support Business Growth
Pan Asia Bank has launched its new ‘SME Re-Energizer’ loan, a collaborative initiative with the Sri Lankan Government aimed at providing crucial financial
Industry Analysis
Sanjeewa Bandaranayake Appointed CEO/GM of People’s Leasing & Finance
People’s Leasing & Finance PLC (PLC), a leading non-bank financial services institution and a subsidiary of People’s Bank, has announced the appointment of
Economics
July 2024 National Tea Sales Average Declines by 1.5%
In July 2024, the national tea sales average in Sri Lanka decreased by 1.5%, reaching Rs.1,223.88 (US $4.05) compared to Rs.1,243.69 (US $4.12)