Seylan Bank Introduces Seylan Factoring to Boost Cash Flow for Businesses
Seylan Bank has launched Seylan Factoring, a new financial service designed to help businesses unlock funds by leveraging outstanding trade receivables. This service
Finance
Real Estate
Prime Group to Invest Rs. 20 Billion in Dubai and Sri Lanka Real Estate
Prime Group is set to invest over Rs. 20 billion in 2024 for two significant real estate projects in Dubai and Kiribathgoda. Co-Chairperson
Investing
Sri Lanka Secures $800 Million in FDIs in Q1 2024
Sri Lanka has secured Foreign Direct Investment (FDI) agreements totaling $800 million for 35 projects in the first quarter of 2024, according to
Industry Analysis
Multi Finance PLC Completes Merger with LB Finance PLC
Multi Finance PLC has officially merged with LB Finance PLC following the approval of a special resolution at an extraordinary general meeting held
Finance
ADB and Sri Lanka Secure $100 Million Loan for Power Sector Reforms
On Monday, the Asian Development Bank (ADB) and the Government of Sri Lanka signed a $100 million loan agreement for Subprogram 1 of
Markets
Current Gold Prices in Sri Lanka: August 7, 2024
As of August 7, 2024, the gold prices in Sri Lanka are as follows:
Stock Market
Sri Lanka Stocks Close Higher, John Keells Experiences Foreign Selling
The Colombo Stock Exchange closed higher on Tuesday, as indicated by data on its site. The broader All Share Index rose by 0.37
Bond Yields
Sri Lankan Rupee Closes Stronger at 302.10/20 Against USD
Sri Lanka’s rupee strengthened on Tuesday, closing at 302.10/20 to the US dollar, an improvement from Monday’s close of 302.30/43, according to dealers.
Economics
Sri Lanka Owes Banks Rs88bn for Past Senior Citizen Interest Subsidies; New Scheme Announced
Sri Lanka’s banks are still owed 88 billion rupees for interest subsidies paid to senior citizens in the past, according to State Minister
Forex Market
Sri Lankan Rupee Opens Weaker at 302.30/50 Against USD
Sri Lanka’s rupee opened weaker at 302.30/50 to the US dollar on Tuesday, according to dealers. This marks a slight decline from Monday’s