Industry Analysis

Sri Lanka’s Construction PMI Hits 59.5 in June, Highest in 30 Months

Sri Lanka’s Purchasing Managers’ Index for Construction (PMI – Construction) surged to 59.5 in June 2024, marking its highest value in 30 consecutive.

  • August 1, 2024
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Economics

CBSL Projects Near 4% Economic Growth for SL in 2024

Sri Lanka is poised to achieve close to 4% economic growth by the end of 2024, continuing its positive momentum, according to Central.

  • August 1, 2024
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Finance

Sri Lanka Keeps Fuel Prices Steady for Aug 2024

Sri Lanka’s retail fuel prices will remain unchanged for August 2024, according to the state-run Ceylon Petroleum Corporation (CPC). The CPC was expected.

  • August 1, 2024
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Business

300 Businesses Eye Sri Lanka’s Dollarized Port City SEZ

Approximately 300 businesses have expressed interest in establishing operations within Sri Lanka’s Colombo Port City Special Economic Zone, with around 50 applications currently.

  • August 1, 2024
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Industry Analysis

Sri Lanka to Expand Rubber Plantations by 100,000 Acres in Three Districts

The Ministry of Agriculture and Plantation Industries has unveiled a master plan to expand rubber cultivation in Sri Lanka, aiming to increase the.

  • August 1, 2024
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Industry Analysis

Greenlam Industries’ DesignNXT 3.0 Unites Indian, Sri Lankan Designers in Colombo

Greenlam Industries, a global leader in surfacing solutions, concluded its highly anticipated DesignNXT 3.0 event in Colombo, Sri Lanka on July 27. The.

  • August 1, 2024
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Industry Analysis

HNB Assurance and Cargills Bank Partner for Tailored Insurance Solutions

HNB Assurance (HNBA) has announced a strategic partnership with Cargills Bank, aimed at offering tailored insurance solutions designed to meet the specific needs.

  • August 1, 2024
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Industry Analysis

Hemas Holdings Posts Rs. 25.5 Billion Revenue for FY25 Q1 Amid Economic Challenges

Hemas Holdings PLC has reported a consolidated revenue of Rs. 25.5 billion for the first quarter of FY25, ending June 30, 2024. Despite.

  • August 1, 2024
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Entrepreneurship

COYLE Leads Green Entrepreneurship and Mangrove Restoration in Sri Lanka

The Chamber of Young Lankan Entrepreneurs (COYLE) recently hosted ‘The Big Lunch,’ in collaboration with iLEAD International Academy and CIFOR-ICRAF, to promote green.

  • August 1, 2024
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Markets

Current Gold Prices in Sri Lanka: August 1, 2024

As of August 1, 2024, the price of 22 Carat gold in Sri Lanka is Rs. 192,100 for 8 grams (1 Pawn). For.

  • August 1, 2024
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