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.

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Bond Yields

Sri Lankan Rupee Opens Slightly Weaker, Bond Yields Edge Up

Sri Lanka’s rupee opened slightly weaker on Wednesday, trading at 300.30/80 against the US dollar, compared to 300.00/30 the previous day, according to.

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Economics

Sri Lanka’s Economic Recovery to Slow in 2H 2024; Projected Growth at 3.2%

Sri Lanka’s economic growth is anticipated to slow down in the second half of 2024, with a projected overall growth of 3.2%, according.

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Forex Market

Sri Lankan Rupee Opens Weaker at 299.75/300.50 Against the US Dollar; Bond Yields and Stocks Edge Down

Sri Lanka’s rupee opened weaker on Monday, trading at 299.75/300.50 against the US dollar, according to currency dealers. This follows the rupee’s close.

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Finance

Sri Lanka’s Loan Demand Rises in Q2 2024 Amid Lower Interest Rates and Exchange Rate Stability

Sri Lanka experienced a significant increase in loan demand across the retail, corporate, and small and medium enterprise (SME) sectors during the second.

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Economics

Sri Lanka’s Budget Deficit Plummets by 52% in First Half of 2024 as Tax Revenues Surge

Sri Lanka’s budget deficit saw a significant reduction of 52% in the first half of 2024, dropping to 515.7 billion rupees. During the.

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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.

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Economics

Sri Lanka Expected to Breach Inflation Target Until Q1 2025: Central Bank

Sri Lanka’s inflation is projected to remain below 3 percent through the first quarter of 2025, according to the Central Bank. This marks.

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Bond Yields

Sri Lankan Rupee Strengthens, Bond Yields Decline Marginally

On Thursday, Sri Lanka’s rupee closed stronger at 298.95/299.05 against the US dollar, improving from the previous day’s 299.15/25, according to dealers. Concurrently,.

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