Sri Lanka Rupee Stable at 293.05/15 Against US Dollar; Bond Yields Steady
Sri Lanka’s rupee opened flat at 293.05/15 to the US dollar on Thursday, unchanged from the previous day’s rate of 293.00/20, while bond
Forex Market
Business
Barista Unveils ‘Happiness Hub’ to Streamline Operations
Barista, one of Sri Lanka’s top café chains, has launched its new “Happiness Hub” in Peliyagoda, a central facility dedicated to procurement, food
Business Innovations
Browns Exide Launches Sri Lanka’s First Paperless E-Care Battery Warranty
In a groundbreaking initiative, Browns Battery and Tyre Strategic Business Unit has introduced Sri Lanka’s first-ever E-Care Battery Warranty activation in the automotive
International Economic Developments
Korean Ambassador Pledges New Investments and Strengthened Ties with Sri Lanka
The Ambassador of the Republic of Korea, Miyon Lee, paid a courtesy visit to President Anura Kumara Dissanayake at the Presidential Secretariat on
Real Estate
VIMAN Ja-Ela Achieves Rs. 4.2 Bn Sales Before Construction
John Keells Properties has achieved an impressive Rs 4.2 billion in sales for its VIMAN Ja-Ela apartments before construction even began on August
Finance
Chamber and SLBA Strengthen Partnership for Sustainable Finance
The Ceylon Chamber of Commerce and the Sri Lanka Banks’ Association (SLBA) have formalized and strengthened their partnership by signing a Memorandum of
Energy
Sri Lanka to Review Wind Energy Procurement, Including Adani Project, Post-Elections
Sri Lanka’s government plans to review its wind energy procurement practices, including the project involving India’s Adani Group, after the upcoming parliamentary elections,
Markets
Sri Lanka Smartphone Market Grows 218% in Q2 2024, Led by Honor and ZTE
Sri Lanka’s smartphone market experienced a remarkable surge, with 365,000 units shipped in Q2 2024, marking a 218% year-over-year (YoY) growth, according to
Politics
Political Risks to Sri Lanka’s Debt Restructuring Ease, Says Fitch Ratings
Fitch Ratings has noted that political risks to Sri Lanka’s debt restructuring process have reduced following the authorities’ endorsement of the IMF programme
Healthcare
Nawaloka Hospitals Wins Merit Award at 2024 NBEA
In recognition of its unwavering dedication to healthcare, Nawaloka Hospitals PLC has been honored with the Merit Award in the Hospital Sector at