Sri Lanka’s Private Credit Grows in 2024, Government Credit Declines
Sri Lanka’s private sector credit saw a notable expansion of 146 billion rupees during the first half of 2024, according to official data.
Finance
Business
Sri Lanka Cement Consumption Rises 8.5% Amid Currency Stability
Sri Lanka’s cement consumption rose by 8.5% for the year ending March 2024, following a period of contraction over the past two calendar
Forex Market
Sri Lankan Rupee Steady at 303.05/25 to USD
Sri Lanka’s rupee opened nearly unchanged at 303.05/25 against the US dollar on Monday, according to dealers. The currency closed at 303.10/20 on
Economics
Sri Lanka’s Budget Deficit Significantly Reduces in May 2024
Sri Lanka’s budget deficit saw a significant decrease in May 2024, falling to 366.8 billion rupees from 1,014.7 billion rupees in the same
Markets
Gold Prices in Sri Lanka as of July 29, 2024
As of July 29, 2024, gold prices in Sri Lanka are as follows: Additionally, the prices for other gold units are:
Tourism
Algeria Grants Visa-Free Travel to Sri Lankans, Boosting Tourism Ties
Following Laos and Thailand, Algeria has also granted visa-free travel to Sri Lankans, among other countries. This move is part of Algeria’s broader
Finance
Pan Asia Bank Achieves 32% Increase in PBT for 1H 2024
Pan Asia Banking Corporation PLC reported a solid performance for the first half of 2024, with a Pre-tax Profit (PBT) of Rs. 1,996
Educational Opportunities
1,250 Schools to Become ‘Smart Schools’ with $20 Million Chinese Grant
Education Minister Dr. Susil Premajayantha announced that 1,250 main schools in Sri Lanka will be developed as ‘Smart Schools’ in the coming months,
Economics
CAA Warns Bakeries of Controlled Bread Prices Over Rs. 130
The Consumer Affairs Authority (CAA) has issued a stern warning to bakery owners, stating that a controlled price will be enforced on bread
Economics
Sri Lanka Negotiates Hilton Colombo Building Sale Price
Sri Lanka is still in negotiations regarding the sale price of Hotel Developers Lanka Ltd, which owns the Colombo Hilton, according to the