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WEB1 day ago · Sri Lanka rupee closes weaker at 304.50/80, bond yields steady. Sri Lanka’s rupee closed weaker at 304.50/80 to the US dollar on Thursday, from 303.75/85 on Wednesday, dealers said, 1 min read. Economy.
Economy | EconomyNext
WEB2 days ago · Sri Lanka state worker wage cost to rise 0.2-pct to 3.8-pct of GDP in 2025. The salary hike would be made within the recurrent primary expenditure (before interest), of 12.7 percent of GDP. September 12, 2024 2 min read.
Sri Lanka stocks close down, differing polls hurt market sentiment
WEBAug 20, 2024 · Sri Lanka stocks close down, differing polls hurt market sentiment. ECONOMYNEXT – The Colombo Stock Exchange closed down on Tuesday, data on its site showed. The broader All Share Index closed down 0.08 percent, or 9.46 points, at 11,494; while the more liquid S&P SL20 Index closed down 0.02 percent, or …
Sri Lanka updates diplomats on current developments
WEBSaturday August 24, 2024 6:54 pm. ECONOMYNEXT – Sri Lanka’s Foreign Minister Ali Sabry, who is now also the Justice Minister has updated Colombo-based diplomats on the efforts towards reconciliation, domestic mechanism, legal reforms. Central Bank Governor Nandalal Weerasinghe has also update them on the economic developments.
Sri Lanka’s CEB used Rs93bn profit to settle dues: Minister
WEBWednesday August 21, 2024 11:13 am. ECONOMYNEXT – A net profit of 93 billion rupees made by Sri Lanka’s state power utility the Ceylon Electricity Board was used to settle outstanding debt, the Minister of Power and Energy said. “The net profit of Rs 93 Billion by June 2024 has been utilized to pay the outstanding amounts to Renewable ...
How Union Bank’s new owners and leadership is reshaping its vision
WEBAug 21, 2024 · How Union Bank’s new owners and leadership is reshaping its vision. Wednesday August 21, 2024 11:09 am. In Sri Lanka’s banking landscape Union Bank is one of the youngest commencing operations in 1995. Since CG Capital Partners Global acquired a controlling stake in 2023, Union Bank is …
Sri Lanka goods exports up 6.58-pct in July, services up 16.44-pct
WEBAug 24, 2024 · ECONOMYNEXT – Sri Lanka’s merchandise exports rose 6.58 percent from a year ago to 1,087.6 million US dollars in July, with apparel exports up 3.8 percent, with a pick up in exports to the US, official data showed. In January to July good exports went up 4.94 percent to 7,231.94 million dollars compared to the same period in 2023, the ...
Sri Lanka lenders, Bank of China eye Port City for offshore banking
WEBAug 21, 2024 · ECONOMYNEXT – Sri Lanka’s rupee closed weaker at 304.50/80 to the US dollar on Thursday, from 303.75/85 on Wednesday, dealers said, while bond yields were broadly steady. A bond maturing on 01.05.2027 closed at 13.00/10 percent, down from 13.00/15 percent. A bond maturing on 15.02.2028 closed at 13.65/80 percent, down from 13.70/80 percent.
Sri Lanka cabinet sub-committee to solve VFS Global-ETA visa …
WEBAug 15, 2024 · Sri Lanka cabinet sub-committee to solve VFS Global-ETA visa stand-off. Thursday August 15, 2024 2:01 pm. ECONOMYNEXT – Sri Lanka’s cabinet had discussed the delay in re-starting online visas after courts suspended the controversial VFS Global deal where tourists were charged high fees to go …
Sri Lanka EC asks for tax payment details of financers under new ...
WEBAug 20, 2024 · ECONOMYNEXT – Sri Lanka’s Election Commission (EC) has asked all the political parties contesting in the upcoming presidential election to compile the tax payment details of individuals and companies funding presidential candidates under the new Election Expenditure Act.