WindForce and Vidullanka Invest Rs. 370 Million More into Solar Energy
WindForce PLC and Vidullanka PLC have entered into a definitive share sale and purchase agreement with Hi-Energy Services Ltd. on 11th July to
Economics
Investing
Bingiriya Investment Zone to Generate $2.6 Billion in Export Income
The completion of the Bingiriya Investment Zone is projected to generate $2.6 billion in export income and create 75,000 job opportunities, stated President
Economics
EU to Boost Ceylon Cinnamon Exports to Premium Markets
The European Union (EU) plans to leverage the expertise of the International Finance Corporation (IFC) to promote Ceylon cinnamon exports to higher-value markets,
Industry Analysis
Seylan Bank’s Rs. 10 Billion Debenture Issue Oversubscribed on Opening Day
Seylan Bank announced that its recent Rs. 10 billion debenture issue was oversubscribed on its opening day, receiving applications for over 100 million
Markets
Current Gold Prices in Sri Lanka – 15th July 2024
As of 15th July 2024, the gold prices in Sri Lanka are as follows:
Economics
Third Duty-Free Operator Considering Sri Lanka’s Port City Colombo
A third international duty-free operator is considering entering Sri Lanka’s Port City Colombo, following the recent cabinet approval for two operators to establish
Markets
Sri Lanka’s Central Bank Sells $57 Million in Forex Markets in June
In June 2024, Sri Lanka’s central bank was a net seller in the foreign exchange market, selling $57 million to banks without purchasing
Economics
Sri Lanka to Provide Land for 176,000 Families in Plantation Areas
Sri Lanka’s cabinet has approved a law to establish village communities for descendants of former plantation workers, providing land and housing. President Ranil
Economics
Rising Optimism in Sri Lanka’s Economy: Survey Findings
According to a survey by Verité Research, a Colombo-based think tank, more Sri Lankans are optimistic about the economy, and government approval has
Economics
Sri Lanka Coconut Prices Down 4.6% at Auction
Sri Lanka’s average coconut prices fell by 4.6% to 79,599 rupees per 1,000 nuts at the July 4 auction, down from 83,443 rupees,