Rooftop Solar Tariffs Unchanged Amid New Renewable Energy Rate Revisions
The Public Utilities Commission of Sri Lanka (PUCSL) has decided to keep the payments for rooftop solar power plants unchanged, despite recent revisions
Economics
Investing
MP Eran Questions Blockage of $100M Mineral Investment in Sri Lanka
Samagi Jana Balawegaya (SJB) MP Eran Wickramaratne has raised significant concerns in Parliament about the obstruction faced by Puttalam Ilmenite Ltd. (PIL) in
Industry Analysis
Fitch Assigns Final ‘BBB+(lka)’ Rating to HNB’s Basel III Subordinated Debt
Fitch Ratings has assigned Hatton National Bank PLC (HNB, A(lka)/Stable) a final National Long-Term Rating of ‘BBB+(lka)’ for its proposed Sri Lankan rupee-denominated
Tech Industry
Survey: Emerging Technologies Top Priority for Sri Lankan IT Organizations
SLASSCOM, in collaboration with Deloitte, recently conducted an employability skills survey aimed at assessing the current skills landscape and evaluating the readiness of
Markets
Gold Prices in Sri Lanka: on August 6, 2024
As of August 6, 2024, the gold price in Sri Lanka for 22 Carat gold stands at Rs. 191,000 for 8 grams (1
Stock Market
Sri Lanka Stocks Fall Amid Ongoing Election Uncertainty
The Colombo Stock Exchange closed lower on Monday, according to data from its site. The broader All Share Index dropped by 1.67 percent,
International Economic Developments
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
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