Industry Analysis

SLACMA Welcomes NPP’s Industrial Policies to Boost Automobile Component Manufacturing

The Sri Lanka Automobile Component Manufacturers Association (SLACMA) has extended its congratulations to Anura Kumara Dissanayake on his election as the new President

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Business

Maliban Secures Court Ruling Against Uswatte’s Copycat Packaging

The Commercial High Court of Colombo has issued an enjoining order against Uswatte Confectionery Works Ltd., prohibiting them from manufacturing, distributing, and selling

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Tourism

Sri Lanka’s Tourism Revenue Rises by 18.9% in September as Arrivals Surge

Sri Lanka’s tourism sector saw a significant boost in foreign exchange revenue, reaching $181 million in September 2024, an 18.9% increase from $152.2

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Economics

Ceylon Chamber Commends Progress in Sri Lanka’s ISB Debt Restructuring Approval

The Ceylon Chamber of Commerce has praised the Sri Lankan government’s successful consultations with the International Monetary Fund (IMF) and the Official Creditor

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Economics

IMF Advocates Dedollarization and Monetary Policy Reform in Sri Lanka

The International Monetary Fund (IMF) has stirred political discussions around dedollarization in Sri Lanka through a report on liquidity operations and monetary policy.

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Uncategorized

News Summary: 4th of October 2024

Economics CEB Accused of Rs. 50 Billion Burden on Electricity Consumers The Electricity Consumers’ Association (ECA) claims the Ceylon Electricity Board (CEB) is

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Markets

Gold Prices in Sri Lanka as of October 4, 2024

As of October 4, 2024, the price of 22-carat gold in Sri Lanka is Rs. 203,900 for 8 grams (1 pawn), while 1

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Forex Market

Sri Lanka Rupee Strengthens to 293.70 Against US Dollar

Sri Lanka’s rupee appreciated against the US dollar, trading at 293.70/90 on Friday, compared to 294.00/50 the previous day, while bond yields remained

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Economics

CEB Accused of Rs. 50 Billion Burden on Electricity Consumers

The Electricity Consumers’ Association (ECA) has alleged that the Ceylon Electricity Board (CEB) is imposing an additional financial burden of approximately Rs. 50

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Stock Market

PickMe Shares Start Trading on CSE Amid High Demand

Shares of Digital Mobility Solutions Lanka Ltd, trading under the code PKME-N-0000, officially commenced on the Colombo Stock Exchange (CSE) on October 3,

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