Colombo Stock Exchange Marginally Up Amid Year’s Lowest Turnover
The Colombo Stock Exchange closed with slight gains on Wednesday, according to its site data. The broader All Share Index (ASPI) edged up
Stock Market
Bond Yields
Sri Lankan Rupee Strengthens to 301.55 Against USD, Bond Yields Rise
Sri Lanka’s rupee closed stronger at 301.55/65 to the US dollar on Wednesday, improving from 302.10/20 on Tuesday, according to dealers. However, bond
Economics
Sri Lanka’s Forex Reserves Slightly Decline to $5.649 Bn in July
Sri Lanka’s foreign exchange reserves experienced a marginal decline, reaching $5.649 billion in July 2024, down from $5.654 billion in June, according to
Forex Market
Sri Lankan Rupee Opens Flat at 302.10/30 Against USD
On Wednesday, the Sri Lankan rupee opened unchanged at 302.10/30 against the US dollar, according to dealers. Bond yields remained steady, and the
Economics
Luminex Wins Tender for Cleanup of Kankasanthurei Cement Factory Complex
Engineering firm Luminex PLC has been awarded the contract to clean up the Kankasanthurei cement factory complex, focusing on the collection of iron
Economics
Ceylon Chamber Launches ‘Vision 2030’ for Sustainable Development
The Ceylon Chamber of Commerce has unveiled its groundbreaking policy document, ‘Vision 2030,’ which outlines a strategic plan for Sri Lanka’s sustainable and
Finance
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
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