Business
Sri Lanka Showcased as Business Gateway in Antwerp
Sri Lanka’s Embassy in Brussels showcased trade, investment, and tourism prospects to over 35 Belgian private sector leaders in Antwerp. Key speakers emphasized Sri Lanka’s strategic advantages and opportunities for collaboration. Attended by top institutions and entrepreneurs, the event aimed to strengthen economic ties and promote sector-specific engagements in Flanders.
Markets
Sri Lanka Stocks Reach New High Amid Strong Market Performance
Sri Lanka’s Colombo Stock Exchange surged as the ASPI rose 2.08% to 14,500, and S&P SL20 gained 2.48%. Top performers included Ceylinco Holdings, JKH, and banking stocks, with turnover hitting 8.2 billion rupees. The market recorded a 100-million-rupee net foreign inflow, boosting investor confidence.
Gold Price in Sri Lanka
As of December 16, 2024, gold prices in Sri Lanka stand at Rs. 781,792 per ounce. Key rates include Rs. 27,580 per gram for 24-carat gold and Rs. 25,290 for 22-carat gold. A pawn (8 grams) of 24-carat gold is Rs. 220,650. Monitor daily updates for informed investments.
Economics
Sri Lanka Rice Imports Halted by Shipping Delays and Price Controls
Sri Lankan rice importers canceled orders due to a short shipping window, bad weather in India, and high taxes. Despite a temporary lift on controls until December 20, delays in shipments from Tamil Nadu and a 65-rupee-per-kilogram tax made imports unviable, leaving businesses unable to meet demands.