HNB Finance Launches Three New Gold Loan Units Across Sri Lanka
HNB Finance has expanded its services with the introduction of three new Gold Loan Units in response to increasing demand. The new units
Finance
Business
Sunshine Holdings Reports 6.5% Revenue Growth Despite Lower Profit
Sunshine Holdings PLC (CSE: SUN) has reported a consolidated revenue of Rs. 14.2 billion for the first quarter of the 2024/25 financial year,
Economics
Sri Lanka Central Bank Absorbs Rs. 546 B from Forex Purchases to June 2024
Sri Lanka’s central bank has absorbed Rs. 546 billion of domestic money out of the Rs. 578.5 billion created from foreign exchange purchases
Economics
Sri Lanka Coconut Auction Prices Dip Slightly
Sri Lanka’s average coconut auction prices decreased slightly from Rs. 85,516 to Rs. 85,087 per 1,000 nuts as of August 1, 2024, according
Tourism
Sri Lanka’s Online Visa Service Faces Review After Court Suspension
Sri Lanka’s Department of Immigration is poised to make a decision on reinstating online tourist visas after a court suspended the service provided
Forex Market
Current Exchange Rates for Sri Lankan Rupee: 5 Aug 2024
As of August 5, 2024, the exchange rates for the Sri Lankan Rupee (LKR) are as follows:
Markets
Sri Lanka Gold Prices for August 5, 2024
Gold Unit Gold Price Gold Ounce Rs. 737,998.00 24 Carat 1 Gram Rs. 26,040.00 24 Carat 8 Grams ( 1 Pawn ) Rs.
Forex Market
Sri Lankan Rupee Strengthens to 301.90/302.10 Against USD
On Monday, the Sri Lankan rupee opened stronger at 301.90/302.10 to the US dollar, according to dealers. This improvement follows Friday’s closing rate
Economics
ADB Praises Sri Lanka’s Macroeconomic Progress
The Asian Development Bank (ADB) has expressed confidence in Sri Lanka’s macroeconomic indicators, with Country Director Takafumi Kadono noting positive developments during a
Industry Analysis
Richard Pieris Group’s Q1 Profits Surge 281% to Rs. 1.75 Billion
Richard Pieris Group, one of Sri Lanka’s largest and most diversified conglomerates, reported a Profit Before Tax (PBT) of Rs. 1.75 billion for