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.
Economics
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
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
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
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
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,
Tech Industry
SLT-Mobitel Launches Innovative eSIM Service for Seamless Connectivity
SLT-Mobitel is revolutionizing the way customers connect to its network with the launch of its state-of-the-art eSIM service. Leveraging SLT-Mobitel’s robust 4G connectivity
Tech Industry
Sri Lanka’s IT Sector to Showcase Innovation at GITEX Expand North Star 2024 in Dubai
The Sri Lanka Export Development Board (EDB), in partnership with the Sri Lanka Consulate General in Dubai, UAE, is set to organize the
Industry Analysis
Commercial Bank of Ceylon Ranks Second in LMD 100 for 2023-24
The Commercial Bank of Ceylon has achieved the remarkable feat of being ranked second in the ‘LMD 100’ for 2023-24, advancing five positions
Industry Analysis
Gem and Jewellery Sector in Sri Lanka Faces Decline Amidst Stalled Reforms
The Sri Lanka Gem and Jewellery Association (SLGJA) has issued a renewed call for urgent reforms as the domestic industry grapples with a