Sri Lankan Rupee Opens Weaker at 304.90/305.20 to USD
Sri Lanka’s rupee opened weaker at 304.90/305.20 to the US dollar on Friday, down from 304.60/80 on Thursday. Bond yields remained broadly steady,
Markets
Business
China Supports Sri Lanka Customs Enhancement
Sri Lanka Customs (SLC) aims to surpass last year’s revenue of Rs. 970 billion in 2024, targeting Rs. 1.5 trillion due to increased
Industry Analysis
Sri Lanka Launches GTEX2 with Swiss SECO to Boost Apparel Industry
The Export Development Board (EDB) has formed a strategic partnership with Switzerland’s State Secretariat for Economic Affairs (SECO) to implement the second phase
Economics
Revised Rate for Rooftop Solar Panels and Renewable Energy
Power and Energy Minister Kanchana Wijesekera announced a revised payment system for rooftop solar panels and other renewable energy projects, effective from July
Economics
Sri Lanka Bondholders Agree to 28% Haircut with GDP-Linked Gains
Sri Lanka and its sovereign bondholders have come to an agreement to exchange $14.43 billion in defaulted bonds and overdue interest for new
Economics
Excise Revenue Reaches Rs. 105 Billion
The Excise Department has successfully amassed Rs. 105 billion in revenue so far this year, reflecting a significant increase of Rs. 17 billion
Stock Market
Gold Prices in Sri Lanka on 4th July 2024
Current Gold Rates: Detailed Gold Prices: Gold Unit Gold Price Gold Ounce Rs. 708,090.00 24 Carat 1 Gram Rs. 24,980.00 24 Carat 8
Industry Analysis
ComBank’s Largest Debenture Oversubscribed on Opening Day, Raises Record Rs. 20 bn
The Commercial Bank of Ceylon’s debenture issue, the largest ever by a private bank in Sri Lanka, closed after being oversubscribed on its
Forex Market
Sri Lankan Rupee Strengthens to 303.00/50 Against US Dollar
Sri Lanka’s rupee opened stronger at 303.00/50 to the US dollar on Wednesday, compared to 303.10/30 on Tuesday. Bond yields remained steady, with