Sri Lanka Rupee Opens Stronger; Stocks Edge Up, Bond Yields Fall
Sri Lanka’s rupee opened stronger at 305.95/306.25 against the US dollar on Monday, with bond yields down and stocks rising by 0.07%, according
Forex Market
Tourism
Sri Lanka Reaches 1 Million Tourist Arrivals for 2024
Sri Lanka has achieved a significant milestone by welcoming its one millionth tourist arrival for 2024. The Sri Lanka Tourism Promotion Bureau (SLTPB),
Finance
Sri Lanka Achieves Milestone in Debt Restructuring with IMF Support
The International Monetary Fund (IMF) announced that it welcomes Sri Lanka’s finalization of debt restructuring agreements with major creditor nations, marking a significant
Economics
Sri Lanka to Revise High Renewable Feed-In Tariffs After Competitive Tenders
Sri Lanka will reduce the high feed-in tariffs offered to renewable energy developers following low prices from a 50 MW tender for a
Industry Analysis
Dialog Axiata Completes Acquisition of Airtel Lanka and Begins Amalgamation
Dialog Axiata PLC, Axiata Group Berhad, and Bharti Airtel Ltd. have finalized a share sale transaction, with Dialog acquiring 100% of the issued
Education and Career
Sri Lanka Mulls Essential Service Status for Teaching
Sri Lanka’s President Ranil Wickremesinghe has indicated plans to designate teaching as an essential service to safeguard children’s education, emphasizing the necessity for
Markets
Sri Lanka Rupee Weakens, Stocks Rise; Bond Yields Dip
Sri Lanka’s rupee started weaker against the US dollar, opening at 305.40/60 on Thursday, with bond yields experiencing a decline and stocks initiating
Economics
Sri Lanka’s Export Performance in May 2024: Mixed Results with Overall Decline
In May 2024, Sri Lanka’s merchandise exports dropped by 5.81% compared to the same month last year, totaling 960.2 million dollars, according to