Inflation Drops to 0.5% in August 2024 as Prices Decline
Sri Lanka’s headline inflation, measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100), dropped sharply to 0.5% in.
Business
Covering the latest developments in the business world, including mergers and acquisitions, new product launches, executive changes, and company earnings reports.
Business
Business
Sri Lanka’s Spice Production Set to Grow: Challenges and Opportunities Ahead
Sri Lanka’s spice production is projected to grow steadily, increasing from 110,000 metric tons in 2023 to an estimated 121,000 metric tons by.
- August 30, 2024
Business
Port City Colombo Onboards 100+ Companies as Authorised Persons, Boosting Sri Lanka’s FDI Prospects
Port City Colombo has reached a key milestone, successfully onboarding over 100 companies as Authorised Persons (APs) by 24 August 2024. These companies.
- August 29, 2024
Business
Hambantota International Port Projects 50% Growth by Year-End
The Hambantota International Port (HIP) has achieved significant milestones in 2024, with a 40 percent increase in volumes to date. The port’s Commercial.
- August 26, 2024
Business
Australia’s United Petroleum to Launch Operations in Sri Lanka on August 28
Australia’s United Petroleum Pvt. Ltd. is set to begin operations in Sri Lanka on August 28 under the banner of United Petroleum Lanka..
- August 23, 2024
Business
Sri Lanka Awards Crude Oil Supply Contract to Vitol Asia (Singapore)
Sri Lanka’s Cabinet has approved a contract for the purchase of three shipments of Murban crude oil from November 15, 2024, to April.
- August 23, 2024
Business
Sri Lanka’s State Sugar Firms Struggle with Surplus Ethanol Amid Falling Legal Alcohol Demand
Sri Lanka’s state-owned sugar companies are facing a significant challenge with unsold ethanol, as demand for legal alcohol has plummeted following the country’s.
- August 22, 2024
Business
John Keells Holdings Completes Delisting of Luxembourg GDR Programme
John Keells Holdings has announced the successful completion of the delisting of its Global Depositary Receipt (GDR) programme from the Luxembourg Stock Exchange..
- August 22, 2024
Business
JAT Holdings Achieves 77% Bottom Line Growth in Q1 FY25
JAT Holdings PLC has reported impressive financial results for the first quarter of FY25, with significant growth in both revenue and profit. The.
- August 21, 2024
Business
Sri Lanka’s Tea Exports Drop 6.2% in July 2024, But FOB Value Rises
Sri Lanka’s tea exports in July 2024 totaled 21.35 million kilogrammes, marking a 6.2% year-on-year decline. While bulk and packeted tea exports showed.
- August 20, 2024