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
Finance
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
Economics
Local Egg Producers Criticize Government’s Decision to Resume Imports
The decision to resume egg imports has faced fierce opposition from local producers, who argue that Sri Lanka can meet domestic demand with
Tourism
Sri Lankan Missions to Resume Tourist and Business Visas Amid eVisa Suspension
In response to the suspension of the eVisa platform, Sri Lankan missions abroad will resume issuing tourist and business visas to facilitate international
Economics
Oil Prices Drop Amid US Recession Concerns and Middle East Tensions
Oil prices fell on Monday as worries about a potential US recession, the world’s largest oil consumer, outweighed concerns over escalating tensions in
Forex Market
Current Exchange Rates for Sri Lankan Rupee
As of today, the exchange rates for major currencies against the Sri Lankan Rupee are as follows: