US and Asian Markets Plunge Amid Rising Economic Concerns
The US markets extended their losses on Monday, continuing the downturn that began last week, while Asian markets also saw significant declines, particularly
International Economic Developments
Bond Yields
Sri Lanka Rupee Weakens to 302.30/43 Against USD; Bond Yields Rise
Sri Lanka’s rupee weakened to 302.30/43 against the US dollar on Monday, compared to 301.90/302.05 on Friday, according to dealers. Meanwhile, bond yields
Tourism
Sri Lanka’s Immigration and Emigration Department Posts Record Rs.42.76bn Revenue in 2023
Sri Lanka’s Immigration and Emigration Department has surpassed its revenue projections for 2023, achieving a record Rs.42.76 billion in total revenue. This performance
Industry Analysis
DFCC Bank Partners with Home Lands Skyline to Revamp Housing Loans
DFCC Bank has announced an exclusive partnership with Home Lands Skyline (Private) Limited, aiming to transform the housing loan sector. The collaboration, formalized
Industry Analysis
Browns Investments has finalized its acquisition of Lipton Teas in Kenya and Rwanda.
Browns Investments PLC has finalized its acquisition of Lipton Teas and Infusions’ businesses in Kenya and Rwanda, as confirmed in a disclosure to
Insurance
Sri Lanka’s Insurance Sector Sees Mixed 1Q Results Despite 7.39% GWP Growth
Sri Lanka’s insurance industry experienced mixed performance results in the first quarter, achieving a 7.39% year-on-year (YoY) growth in overall Gross Written Premium
Economics
IMF’s Primary Deficit Focus Deepens Sri Lanka’s Debt Crisis: Analyst
The International Monetary Fund’s (IMF) stringent focus on an arbitrarily set primary balance target in Sri Lanka’s budget is exacerbating the country’s debt
Tourism
Sri Lanka Sees Significant Boost in Tourist Arrivals in July
After a disappointing June, tourist arrivals in Sri Lanka surged in July, with the country welcoming 187,810 foreign visitors. This marks a 31.3
Personal Finance
Adani Power Reports Strong Q1, Emphasizes Sustainable Growth and ESG Initiatives
Adani Power Ltd. (APL), part of the Adani portfolio, has announced its performance for the first quarter ending June 30, 2024. APL CEO
Industry Analysis
Sri Lanka Tourism Promotion Bureau Wins ‘Best International Tourism Board’ Award
Sri Lanka Tourism Promotion Bureau (SLTPB) has been honored with the “Best International Tourism Board” award at the Global Tourism Awards 2024, held