Economics Aitken Spence Reports 10.4% Growth in EBITDA to Reach Rs. 8.9 Billion in 1H25 Aitken Spence PLC reported a 10.4% growth in EBITDA, reaching Rs. 8.9 billion for the first half of FY 2025. The group’s profit from operations rose 38.7%. The maritime sector achieved a Rs. 2.3 billion profit, while tourism saw recovery.
Markets Gold Prices in Sri Lanka Today – 14th November 2024 As of 14th November 2024, gold prices in Sri Lanka are as follows: 24 Carat 1 gram at Rs. 26,470, 22 Carat 1 gram at Rs. 24,270, and 21 Carat 1 gram at Rs. 23,170. Prices for 8-gram units are Rs. 211,800 for 24
Markets Sri Lanka Rupee Strengthens Against Dollar, Bond Yields Decline Further Sri Lanka’s rupee strengthened to 292.25/35 against the US dollar on Wednesday, while government bond yields continued to decline. Key bonds, including the 2027 and 2028 issues, saw drops in yields. The Colombo ASPI rose 0.66%, and the S&P SL20 index increased by 1%,
Markets Gold Price Update in Sri Lanka – November 11, 2024 As of November 11, 2024, the price of 22-carat 8 grams (1 pawn) of gold in Sri Lanka is Rs. 202,800, while 1 gram costs Rs. 25,350. The 24-carat 8 grams is priced at Rs. 221,150. Gold prices vary depending on global and local
Markets Sri Lanka Rupee Opens Weaker at 292.68/75 to Dollar; Bond Yields Drop Sri Lanka’s rupee weakened slightly to 292.68/75 against the dollar on Friday, while bond yields dropped for 2026, 2027, and 2028 maturities. The Central Bank plans to auction Rs. 132.5 billion in Treasury Bonds on November 12. Colombo’s stock indices rose, with
Business Sri Lanka Implements Ban on Transport and Sale of African Swine Fever Infected Pigs Sri Lanka has issued a three-month ban on the transport, slaughter, and sale of pigs infected with African Swine Fever (ASF) following an outbreak. The Western Province, home to about 1,000 pig farms, has reported over 11,600 pig deaths due
Business Charithra Hettiarachchi Re-elected as President of Sri Lanka-USA Business Council The Sri Lanka–USA Business Council re-elected Charithra Hettiarachchi as President for 2024/2025. The council aims to strengthen partnerships with USAID, EDB, and BOI. US Ambassador Julie J Chung reaffirmed support for Sri Lanka’s economic growth, encouraging private sector investments and promoting transparency and anti-corruption
Economics Sri Lanka Faces High Poultry Feed Costs Amid Maize Trade Controls Sri Lanka faces high poultry feed costs due to import duties and trade controls on maize, leading to rising egg and meat prices amid child malnutrition concerns. The government’s licensing system exacerbates price hikes, affecting small poultry producers. Efforts are underway to provide
Business SLID to Host Inaugural International Director Conference on 29th October 2024 The Sri Lanka Institute of Directors (SLID) will host its inaugural International Director Conference on 29th October 2024 at the Cinnamon Grand Hotel, Colombo. Themed “The Courage to be Bold,” the event features over 20 global experts discussing business growth, digital transformation, sustainability,
Economics Sri Lanka to Revisit 2025 State Worker Salary Hike Decision: Minister Vijitha Herath Sri Lanka will revisit the planned 2025 state worker salary hike, initially proposed without Finance Ministry approval. Minister Vijitha Herath emphasized that the decision will depend on the country’s financial health, with potential costs estimated at 200 billion rupees annually. Wage