Insurance Industry GWP Rises 7.39% to Rs. 78.59 Billion in Q1 2024
The insurance industry in Sri Lanka reported a total Gross Written Premium (GWP) of Rs. 78,589 million for Long-Term and General Insurance Businesses
Insurance
Forex Market
Current Exchange Rates for Sri Lankan Rupee
As of the latest exchange rates, the Sri Lankan Rupee (LKR) values against various major currencies are as follows:
Markets
Sri Lankan Market Ends July with LKR 4.0 Bn Turnover Amid Broad Declines
July ended with a market turnover of LKR 4.0 billion as indices closed in the red due to price losses in key counters
Finance
Seylan Bank Profits Soar 50% in June Due to Lower Loan Loss Provisions
Seylan Bank PLC reported a significant profit increase for the quarter ending June, driven primarily by a reduction in loan loss provisions. The
Economics
EPF Secures Rs. 231 Million in Laugfs Gas Share Case
The Employees’ Provident Fund (EPF) has received Rs. 231 million in compensation for losses incurred due to market manipulation in the purchase of
Forex Market
Sri Lankan Rupee Steady at 302.35/50 to USD;
On Thursday, the Sri Lankan rupee opened at 302.35/50 against the US dollar, showing little change from the previous day. The rupee had
Economics
Sri Lanka’s CPI Up 2.4% in July; 22-Month Inflation Rises 2.8%
Sri Lanka’s consumer prices in the capital Colombo increased by 2.4% in the 12 months to July 2024. However, the central bank’s deflationary
Stock Market
Colombo Stock Market Hits Four-Month Low as ASPI Falls
The Colombo stock market’s downturn continued yesterday, with the benchmark ASPI index hitting a four-month low amid subdued trading activity. The ASPI dropped
Finance
DFCC Bank Offers 0.5% Additional Interest on Fixed Deposits via Online Banking
As a pioneer in the digital banking revolution in Sri Lanka, DFCC Bank is empowering its customers with an additional 0.5% interest on
Economics
Port City Economic Act Amendments Approved to Boost Global Competitiveness
The Cabinet of Ministers has approved a proposal from the President, in his capacity as the Minister of Investment Promotion, to instruct the