Stock Market

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

Read More
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

Read More
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

Read More
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

Read More
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

Read More
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

Read More
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

Read More
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

Read More
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

Read More