As of 9th September 2024, the gold prices in Sri Lanka remain steady, with updated rates for both 22 Carat and 24 Carat gold. Here’s the latest breakdown of gold prices: Gold Unit Gold Price Gold Ounce Rs. 753,460.00 24 Carat 1 Gram Rs. 26,580.00 24 Carat 8 Grams ( 1 Pawn ) Rs. 212,650.00
Sri Lanka’s rupee opened stronger on Friday, trading at 298.70/80 against the US dollar, according to market dealers. The rupee had closed at 298.80/90 on Thursday. Bond yields also saw an uptick, and stocks opened with a slight rise of 0.09 percent. In the secondary bond market: In the stock market, the Colombo All Share
The recent surge in natural rubber prices has led the global rubber industry to anticipate a consumer shift from natural rubber products to synthetic alternatives, according to insights from The Daily Morning Business. Pushpika Janadheera, Chairperson of the Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) and Managing Director of Dipped Products
As of 6th September 2024, gold prices in Sri Lanka remain steady with updated rates for 22K and 24K gold. Here’s a detailed breakdown of the latest prices: Gold Unit Gold Price Gold Ounce Rs. 753,460.00 24 Carat 1 Gram Rs. 26,580.00 24 Carat 8 Grams ( 1 Pawn ) Rs. 212,650.00 22 Carat 1
Sri Lanka’s Commercial Bank of Ceylon PLC has officially completed the liquidation of its subsidiary, Commex Sri Lanka S.R.L., located in Rome, Italy. The bank first announced the voluntary liquidation of the wholly-owned subsidiary in August 2022. The final procedures have now been concluded, and Commex Sri Lanka S.R.L. has been deregistered from the Chamber
Multi Finance PLC has been officially delisted from the Colombo Stock Exchange (CSE) as of September 4, 2024, following its merger with L B Finance PLC. The delisting process was conducted in accordance with Rule 4 (2) of the Securities and Exchange Commission of Sri Lanka (SEC) Rules, 2001, as outlined in Gazette Extraordinary No.
A broader conflict in the Middle East could significantly impact Sri Lanka’s tea exports, petroleum imports, and remittance inflows, according to the Central Bank of Sri Lanka (CBSL). The CBSL highlighted that the country has substantial trade exposure to the region, with nearly 46% of its tea exports directed to Middle Eastern markets. Additionally, tea
Sri Lanka’s rupee opened weaker on Tuesday, trading at 299.10/30 to the US dollar, according to market dealers. This marks a slight depreciation from the previous day’s closing rate of 298.80/299.00. Bond yields remained largely steady in the secondary market. A bond maturing on December 15, 2026, was quoted at 11.00/15 percent, slightly down from
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 August 2024 from 2.4% in July 2024. This significant decline aligns with the Central Bank of Sri Lanka’s (CBSL) projections. Food inflation (Y-o-Y) decreased to 0.8% in August from 1.5% in July,
On Monday, the Sri Lankan rupee appreciated, opening at 298.80/299.10 against the US dollar, according to market dealers. This marks a strengthening from its previous close of 299.20/60 on Friday. In the bond market, longer-tenor bonds saw a rise in yields. Notably, the bond maturing on 15th December 2026 was quoted at 11.00/05 percent, a