Sri Lanka’s rupee opened slightly weaker against the US dollar on Tuesday, trading at 293.70/75 compared to 293.60/70 the previous day, according to dealers. Bond yields, however, remained largely stable. A bond maturing on December 15, 2026, was quoted at 10.60/80 percent, a minor increase from 10.55/75 percent. Meanwhile, a bond maturing on December 15,
Sri Lanka’s Consumer Affairs Authority (CAA) has initiated investigations at several rice mills in the Polonnaruwa district, collecting data on rice stocks following a spike in prices for controlled rice grades. According to media reports, CAA officials first visited Nipuna Rice, owned by former state minister Siripala Gamlath. Gamlath stated that his company is selling
Sri Lanka has issued a gazette notice banning the transport, slaughter, and sale of pigs infected with African Swine Fever (ASF) as part of ongoing efforts to combat the outbreak. This ban will remain in effect for three months. According to K.K. Sarath, the Western Provincial Director of the Department of Animal Production and Health,
Sri Lanka and Indonesia are set to submit a joint application to enhance their apparel exports under the United Kingdom’s tariff preference scheme for developing countries, according to a cabinet statement. Following the UK’s exit from the European Union, the UK Global Tariff (UKGT) and the UK Generalized Scheme of Preferences (UK GSP) have replaced
Sri Lanka has not printed new banknotes, as confirmed by cabinet spokesman Vijitha Herath, who highlighted the absence of currency notes bearing the signature of the incumbent finance minister. During the weekly cabinet press briefing on Tuesday, October 29, Herath addressed rumors regarding the central bank’s liquidity injections, clarifying a misunderstanding between liquidity management and
The Sri Lankan Embassy in Riyadh, in partnership with the Coconut Development Authority, successfully organized the debut participation of 10 Sri Lankan companies manufacturing coconut-based products at the 41st Saudi Agriculture Expo 2024. Held from October 21–24 at the Riyadh International Convention and Exhibition Centre, the event marked a significant milestone for Sri Lankan agricultural
As of 24th October 2024, the gold prices in Sri Lanka are as follows: Gold Unit Gold Price Gold Ounce Rs. 800,009.00 24 Carat 1 Gram Rs. 28,220.00 24 Carat 8 Grams ( 1 Pawn ) Rs. 225,800.00 22 Carat 1 Gram Rs. 25,870.00 22 Carat 8 Grams ( 1 Pawn ) Rs. 206,950.00 21
At the G-24 press briefing during the IMF-World Bank Annual Meetings on October 22, the G-24 countries advocated for the establishment of a common debt framework for middle-income nations, using Sri Lanka as an example of a nation in need of such support. Currently, the framework is limited to low-income countries. According to Iyabo Masha,
As of 22nd October 2024, the gold prices in Sri Lanka have seen the following updates Gold Unit Gold Price Gold Ounce Rs. 801,443.00 24 Carat 1 Gram Rs. 28,280.00 24 Carat 8 Grams ( 1 Pawn ) Rs. 226,200.00 22 Carat 1 Gram Rs. 25,930.00 22 Carat 8 Grams ( 1 Pawn ) Rs.
The Sri Lanka-Indonesia Business Council (SLIBC) of The Ceylon Chamber of Commerce successfully concluded a Business Promotion Mission to Indonesia from 6 October to 11 October 2024. The mission aimed to strengthen trade, investment, and business ties between Sri Lanka and Indonesia while exploring collaborative opportunities across key industries. The delegation included 14 Sri Lankan