Markets

Current Gold Prices in Sri Lanka – 15th July 2024

As of 15th July 2024, the gold prices in Sri Lanka are as follows:

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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

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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

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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

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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

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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,

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Markets

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,

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Industry Analysis

Foreign Buying Continues Amid Market Declines

Indices closed in the red due to price drops in stocks like Hayleys, Hatton National Bank, and Melstacorp, with the turnover surpassing Rs.

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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

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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

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