Consumer Spending Rebounds with USD 42.65 Billion in 2024
Consumer expenditure in Sri Lanka has shown a robust recovery, reaching USD 42.65 billion in 2024. This notable increase over the past 18
Business
Industry Analysis
NDB Collaborates with Sri Lanka Inventors Commission to Boost Innovation
National Development Bank PLC (NDB) has teamed up with the Sri Lanka Inventors Commission (SLIC) for the Sahasak Nimavum Project, a national competition
Entrepreneurship
SPARK 2024 Opens for Entries: Empowering Sri Lankan Youth Entrepreneurs
The SPARK Skilled Youth Entrepreneurship Competition has officially opened applications for its 2024 edition, inviting young individuals aged 15-30 years to participate. The
Forex Market
Colombo Stock Exchange Ends Lower; John Keells and Hayleys Drive Turnover
The Colombo Stock Exchange closed lower on Thursday, with the broader All Share Index falling by 0.52 percent, or 62.03 points, to 11,768.
Economics
Sri Lanka Targets 40% Direct Tax Collection by 2025
Sri Lanka aims to increase direct tax collection to 40 percent by 2025 from the current 30 percent, through expanded tax nets and
Markets
Sri Lankan Rupee Opens Stronger at 303.50/80 Against USD
Sri Lanka’s rupee opened stronger at 303.50/80 to the US dollar on Friday, dealers said. Bond yields were up and stocks rose by
Economics
Sri Lanka Unveils Rs 13 Billion Aid Package for MSMEs
President Ranil Wickremesinghe announced a Rs 13 billion financial aid package for micro, small, and medium-scale enterprises (MSMEs) in Sri Lanka. This initiative
Business
Sri Lanka Halts Sale Process of SriLankan Airlines
The Cabinet of Ministers has decided to terminate the current sale process of SriLankan Airlines, according to the State-Owned Enterprises Restructuring Unit. The
Investing
Japanese Investors Eye Tech Support for Sri Lanka’s Maritime & Aviation
Japanese investors have shown a keen interest in introducing Japan’s latest technology into training programs for Sri Lanka’s maritime and aviation sectors. They
Markets
Gold Prices in Sri Lanka on July 19, 2024
As of July 19, 2024, the price for 22 Carat gold in Sri Lanka is Rs. 193,850 for 8 grams (1 pawn). The