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 initiatives.
Economics
G-24 Pushes for Common Debt Framework for Middle-Income Nations, Citing Sri Lanka’s Progress
At the G-24 briefing during the IMF-World Bank meetings, countries called for a common debt framework for middle-income nations, citing Sri Lanka as an example. Despite economic recovery, debt sustainability remains a concern. G-24 stressed the need for comprehensive debt relief, benefiting nations like Sri Lanka and Lebanon.
Markets
Gold Price in Sri Lanka: 24th October 2024 Update
As of 24th October 2024, gold prices in Sri Lanka are: 22 Carat at Rs. 206,950 for 8 grams (Rs. 25,870 per gram), and 24 Carat at Rs. 225,800 for 8 grams (Rs. 28,220 per gram). A gold ounce costs Rs. 800,009. Stay informed for updates.
Tourism
Authorities Heighten Security in Arugam Bay Amid Terror Threat to Foreign Tourists
Sri Lankan authorities confirmed intelligence of a potential terrorist threat in Arugam Bay, prompting the U.S. Embassy to issue a security alert. Around 500 police and Special Task Force personnel have been deployed. Heightened security measures include roadblocks and random checks. Tourists are advised to stay vigilant, with a hotline available.