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Sri Lanka opposition leader proposes Grama Rajya system in addition to 13A | 13-Jun-24 | Politics | Premadasa's assurance of implementing the 13th amendment has already drawn some protest in the south. | Sri Lanka opposition leader proposes Grama Rajya system in addition to 13A Premadasa's assurance of implementing the 13th amendment has already drawn some protest in the south. | NEGATIVE | Commercial & Professional Services |
Sri Lanka rupee closes flat at 303.85/95 to US dollar | 13-Jun-24 | Bonds & Forex | Bond yields were down. | Sri Lanka rupee closes flat at 303.85/95 to US dollar Bond yields were down. | NEGATIVE | Banks |
Sri Lanka sells Rs295bn in 2027 to 2031 bonds | 13-Jun-24 | Bonds & Forex | All offered 125 billion rupees of 15 September 2029 bonds were sold at 11.00 percent. | Sri Lanka sells Rs295bn in 2027 to 2031 bonds All offered 125 billion rupees of 15 September 2029 bonds were sold at 11.00 percent. | NEGATIVE | Banks |
Sri Lanka coastal plantation of pomegranates yields bumper crop | 13-Jun-24 | Agriculture | “The sea breeze is favorable for pomegranate cultivation in Batticaloa,” | Sri Lanka coastal plantation of pomegranates yields bumper crop “The sea breeze is favorable for pomegranate cultivation in Batticaloa,” | POSITIVE | Food, Beverage & Tobacco |
Sri Lanka stocks close down amid lack of clarity on debt restructuring | 13-Jun-24 | Stocks & Companies | Turnover was 1.8 billion. Most of this came from selling on banking stocks (Rs738mn). | Sri Lanka stocks close down amid lack of clarity on debt restructuring Turnover was 1.8 billion. Most of this came from selling on banking stocks (Rs738mn). | NEGATIVE | Banks |
Sri Lanka discusses legal framework, EOI for nuclear energy: Minister | 13-Jun-24 | Energy | Discussed the progress of the proposed legal framework on nuclear energy integration, and EOI for nuclear energy | Sri Lanka discusses legal framework, EOI for nuclear energy: Minister Discussed the progress of the proposed legal framework on nuclear energy integration, and EOI for nuclear energy | POSITIVE | Utilities |
Sri Lanka tea plantation female workers overlooked for promotions: Minister | 13-Jun-24 | Tea | Less than qualified men are in management positions, because they know how to order people around | Sri Lanka tea plantation female workers overlooked for promotions: Minister Less than qualified men are in management positions, because they know how to order people around | NEGATIVE | Commercial & Professional Services |
Sri Lanka courts to sell vehicles, machinery seized for suspected involvement in crimes | 13-Jun-24 | Courts | Courts are compelled to keep the seized vehicles until legal cases are over under the current law | Sri Lanka courts to sell vehicles, machinery seized for suspected involvement in crimes Courts are compelled to keep the seized vehicles until legal cases are over under the current law | NEGATIVE | Commercial & Professional Services |
Protest held outside Sri Lanka opposition leader's office against 13th amendment | 13-Jun-24 | Politics | "We will not allow this country to be divided into nine pieces," said Thushara. | Protest held outside Sri Lanka opposition leader's office against 13th amendment "We will not allow this country to be divided into nine pieces," said Thushara. | NEGATIVE | Commercial & Professional Services |
Some Sri Lanka IMF-agreed targets delayed with consensus: State FinMin | 13-Jun-24 | Economy | Sri Lanka has faced delays in enacting some laws required for IMF-led reforms | Some Sri Lanka’s IMF-agreed targets delayed with consensus: State FinMin Sri Lanka has faced delays in enacting some laws required for IMF-led reforms | NEGATIVE | Banks |
Sri Lanka in final stages of reaching in-principle deal with CDB: State Minister | 13-Jun-24 | Economy | Expects all bilateral creditor to wrap up final MOUs in June | Sri Lanka in final stages of reaching in-principle deal with CDB: State Minister Expects all bilateral creditor to wrap up final MOUs in June | NEGATIVE | Banks |
Sri Lanka rupee trades at 303.90/304.05 to US dollar | 13-Jun-24 | Bonds & Forex | Bond yields were broadly stable, stocks drop | Sri Lanka rupee trades at 303.90/304.05 to US dollar Bond yields were broadly stable, stocks drop | POSITIVE | Banks |
Sri Lanka Softlogic Rs10bn rights issue to settle debt | 13-Jun-24 | Stocks & Companies | Softlogic announced in March that it would infuse equity into the company | Sri Lanka’s Softlogic Rs10bn rights issue to settle debt Softlogic announced in March that it would infuse equity into the company | POSITIVE | Diversified Financials |
Sri Lanka to investigate SIS, CNI actions prior to Easter attack | 13-Jun-24 | Easter Sunday attacks | Whether adequate actions were taken by State Intelligence Service, Chief of National Intelligence | Sri Lanka to investigate SIS, CNI actions prior to Easter attack Whether adequate actions were taken by State Intelligence Service, Chief of National Intelligence | NEGATIVE | Commercial & Professional Services |
IMF approves Sri Lanka review, calls for monetary policy for stability | 13-Jun-24 | Economy | Monetary policy should continue prioritizing price stability | IMF approves Sri Lanka review, calls for monetary policy for stability Monetary policy should continue prioritizing price stability | NEGATIVE | Banks |
Conflict left in Sri Lanka constitution to avoid referendum | 13-Jun-24 | Legal | It leaves an ambiguity at best and a loophole at worst | Conflict left in Sri Lanka constitution to avoid referendum It leaves an ambiguity at best and a loophole at worst | NEGATIVE | Commercial & Professional Services |
Sri Lanka plantations to battle state directed wage hike in courts | 13-Jun-24 | Business | May hurt the ability to service bank loans | Sri Lanka plantations to battle state directed wage hike in courts May hurt the ability to service bank loans | NEGATIVE | Food, Beverage & Tobacco |
IMF approves Sri Lanka program review, Foreign Minister Sabry says | 12-Jun-24 | Economy | . | IMF approves Sri Lanka program review, Foreign Minister Sabry says . | POSITIVE | Banks |
Sri Lanka president needs referendum to extend his tenure: Justice Minister | 12-Jun-24 | Politics | Presidential election will be held between September 17 and October 16, the Election Commission has announced | Sri Lanka president needs referendum to extend his tenure: Justice Minister Presidential election will be held between September 17 and October 16, the Election Commission has announced | NEGATIVE | Commercial & Professional Services |
Sri Lanka rupee closes weaker at 303.80/304.00 to US dollar | 12-Jun-24 | Bonds & Forex | Bond yields were up. | Sri Lanka rupee closes weaker at 303.80/304.00 to US dollar Bond yields were up. | NEGATIVE | Banks |
Sri Lanka stocks close marginally down, leasing companies see interest | 12-Jun-24 | Stocks & Companies | Turnover was 1.6 billion. Index heavyweights, diversified financials and consumer sectors contributed the most. | Sri Lanka stocks close marginally down, leasing companies see interest Turnover was 1.6 billion. Index heavyweights, diversified financials and consumer sectors contributed the most. | NEGATIVE | Banks |
Renovation in Sri Lankas Northern rail track to reduce Colombo-Jaffna train time to 5.5 hours | 12-Jun-24 | Transport | Renovations started in January with Indian financial assistance | Renovation in Sri Lanka’s Northern rail track to reduce Colombo-Jaffna train time to 5.5 hours Renovations started in January with Indian financial assistance | POSITIVE | Transportation |
Singapore-based Aditya Birla awarded Sri Lanka CPCs 1.5 mln barrel 92 Unl petrol supply | 12-Jun-24 | Energy | The firm was chosen from bids called to supply five shipments in six months | Singapore-based Aditya Birla awarded Sri Lanka CPC’s 1.5 mln barrel 92 Unl petrol supply The firm was chosen from bids called to supply five shipments in six months | POSITIVE | Energy |
Sri Lanka Treasuries yields higher, Rs215bn sold | 12-Jun-24 | Bonds & Forex | The 12-month bill yield went up 27 basis points to 9.54 percent | Sri Lanka Treasuries yields higher, Rs215bn sold The 12-month bill yield went up 27 basis points to 9.54 percent | NEGATIVE | Banks |
Sri Lanka to implement national tariff policy in three phases from 2025 | 12-Jun-24 | Trade | "Various policies introduced from time to time by the existing governments," | Sri Lanka to implement national tariff policy in three phases from 2025 "Various policies introduced from time to time by the existing governments," | NEUTRAL | Commercial & Professional Services |
Sri Lanka to begin free trade agreement negotiations with Malaysia | 12-Jun-24 | Trade | Free trade deals with Asia and Pacific have generated sharply more exports than imports | Sri Lanka to begin free trade agreement negotiations with Malaysia Free trade deals with Asia and Pacific have generated sharply more exports than imports | POSITIVE | Commercial & Professional Services |
Sri Lanka Railways explores leasing space above stations, increasing goods trains to boost revenue | 12-Jun-24 | Transport | Sri Lanka Railways has yet to make profit despite ticket price hike in 2022 | Sri Lanka Railways explores leasing space above stations, increasing goods trains to boost revenue Sri Lanka Railways has yet to make profit despite ticket price hike in 2022 | NEGATIVE | Transportation |
Startup Genome ranks Sri Lanka among worlds top 10 for affordable talent | 12-Jun-24 | ICT | Ranking was made in the latest Global Startup Ecosystem Report 2024 | Startup Genome ranks Sri Lanka among world’s top 10 for affordable talent Ranking was made in the latest Global Startup Ecosystem Report 2024 | NEUTRAL | Commercial & Professional Services |
Sri Lanka optimistic ahead of IMF review: State minister | 12-Jun-24 | Economic Crisis | "We remain optimistic that our international partners will continue to support Sri Lanka's efforts," | Sri Lanka optimistic ahead of IMF review: State minister "We remain optimistic that our international partners will continue to support Sri Lanka's efforts," | POSITIVE | Banks |
Sri Lanka rupee weakens further at 303.75/304.00 to US dollar | 12-Jun-24 | Bonds & Forex | Bond yields were broadly stable, stocks up. | Sri Lanka rupee weakens further at 303.75/304.00 to US dollar Bond yields were broadly stable, stocks up. | NEGATIVE | Banks |
Vidullanka, WindForce joint venture signs purchase agreement with solar plant | 12-Jun-24 | Energy | Power purchase agreement for the development of a 10 megawatt Vavunathivu II solar power project in Batticaloa | Vidullanka, WindForce joint venture signs purchase agreement with solar plant Power purchase agreement for the development of a 10 megawatt Vavunathivu II solar power project in Batticaloa | POSITIVE | Utilities |
Sri Lanka Labor Ministry, ILO, IOM discuss labour reforms | 12-Jun-24 | Employment | Ministry, International Labor Organization, International Organization for Migration to train care workers | Sri Lanka Labor Ministry, ILO, IOM discuss labour reforms Ministry, International Labor Organization, International Organization for Migration to train care workers | NEUTRAL | Commercial & Professional Services |
Sri Lanka environmentalists, Bishop file FR petition over Indian Adani's Mannar wind power deal | 11-Jun-24 | Energy | Already Mannar project is challenged in the Supreme Court by Sri Lanka's Wildlife and Nature Protection Society | Sri Lanka environmentalists, Bishop file FR petition over Indian Adani's Mannar wind power deal Already Mannar project is challenged in the Supreme Court by Sri Lanka's Wildlife and Nature Protection Society | NEUTRAL | Utilities |
NPP says will honour debt obligations, Sri Lanka must restructure debt | 11-Jun-24 | Politics | "To come out of this crisis, we really must go for a debt restructuring," he said. | NPP says will honour debt obligations, Sri Lanka must restructure debt "To come out of this crisis, we really must go for a debt restructuring," he said. | POSITIVE | Banks |
Sri Lanka to promote sea cucumber hatcheries due to demand: Minister | 11-Jun-24 | Fisheries | “They are like black gold,” Devananda said. | Sri Lanka to promote sea cucumber hatcheries due to demand: Minister “They are like black gold,” Devananda said. | NEGATIVE | Food, Beverage & Tobacco |
Sri Lanka looks for investment for ship building, repairing in Oluvil commercial harbour | 11-Jun-24 | Investment | The port has not been in operation for almost a decade due to sand deposits at the entrance | Sri Lanka looks for investment for ship building, repairing in Oluvil commercial harbour The port has not been in operation for almost a decade due to sand deposits at the entrance | NEGATIVE | Transportation |
Sri Lanka planters demand justice after Minister storms estate, drunken gang takes staff hostage | 11-Jun-24 | Business | Ministers denies anyone was taken hostage | Sri Lanka planters demand justice after Minister storms estate, drunken gang takes staff hostage Ministers denies anyone was taken hostage | NEGATIVE | Food, Beverage & Tobacco |
Jaishankar to visit Sri Lanka ahead of Indian Prime Minister: President | 11-Jun-24 | International Relations | "Plans to visit Sri Lanka soon to oversee progress and coordinate Prime Minister Modi’s visit," | Jaishankar to visit Sri Lanka ahead of Indian Prime Minister: President "Plans to visit Sri Lanka soon to oversee progress and coordinate Prime Minister Modi’s visit," | POSITIVE | Commercial & Professional Services |
India should act strictly on fishermen poaching, bottom trawling in Sri Lankan sea: Minister | 11-Jun-24 | Free Speech | Northern fishermen have chosen Chinese assisted sea cucumber farming after their livelihood hit by bottom trawling | India should act strictly on fishermen poaching, bottom trawling in Sri Lankan sea: Minister Northern fishermen have chosen Chinese assisted sea cucumber farming after their livelihood hit by bottom trawling | NEGATIVE | Food, Beverage & Tobacco |
Sri Lanka rupee closes weaker at 303.50/75 to US dollar | 11-Jun-24 | Bonds & Forex | Bond yields were up ahead of the auction. | Sri Lanka rupee closes weaker at 303.50/75 to US dollar Bond yields were up ahead of the auction. | NEGATIVE | Banks |
Sri Lanka stocks close up, Hayleys top traded | 11-Jun-24 | Stocks & Companies | Turnover was 3.7 billion. A large part of this came from Hayleys Plc (Rs1bn). The share closed up at 105.25. | Sri Lanka stocks close up, Hayleys top traded Turnover was 3.7 billion. A large part of this came from Hayleys Plc (Rs1bn). The share closed up at 105.25. | NEGATIVE | Diversified Financials |
Sri Lanka's CEB submits electricity price revision to PUCSL | 11-Jun-24 | Energy | Proposal for reductions on energy charges for domestic, religious, general purpose and government sectors | Sri Lanka's CEB submits electricity price revision to PUCSL Proposal for reductions on energy charges for domestic, religious, general purpose and government sectors | NEGATIVE | Utilities |
Sri Lanka's MAS Holdings signs agreement to buy Ambercycle material | 11-Jun-24 | Apparel | Three-year offtake agreement to buy recycled material. | Sri Lanka's MAS Holdings signs agreement to buy Ambercycle material Three-year offtake agreement to buy recycled material. | NEUTRAL | Consumer Durables & Apparel |
Sajith on sharing police, land powers: Will implement "13; not 13 minus or 13 plus" | 11-Jun-24 | Politics | "I was talking of 13 and not of 13 minus or 13 plus. It was about 13 that I spoke." | Sajith on sharing police, land powers: Will implement "13; not 13 minus or 13 plus" "I was talking of 13 and not of 13 minus or 13 plus. It was about 13 that I spoke." | NEGATIVE | Commercial & Professional Services |
Russia to stop recruiting Sri Lankans for Ukraine war: FM after meeting Lavrov | 11-Jun-24 | Business | Addressed issues concerning ex-Sri Lankan servicemen in the Russian military | Russia to stop recruiting Sri Lankans for Ukraine war: FM after meeting Lavrov Addressed issues concerning ex-Sri Lankan servicemen in the Russian military | NEGATIVE | Commercial & Professional Services |
Sri Lanka draft MOUs with bilateral lenders being exchanged, clarified: State Minister | 11-Jun-24 | Economy | When they are submitted, they exchange it with their membership | Sri Lanka draft MOUs with bilateral lenders being exchanged, clarified: State Minister When they are submitted, they exchange it with their membership | NEGATIVE | Banks |
Sri Lanka rupee opens weaker at 303.25/75 to US dollar | 11-Jun-24 | Bonds & Forex | Bond yields and stocks were up | Sri Lanka rupee opens weaker at 303.25/75 to US dollar Bond yields and stocks were up | NEGATIVE | Banks |
Sri Lanka's CPC makes Rs120bn profit in 2023 after Rs884bn tax-payer injection | 11-Jun-24 | Economy | Govt takes over debt owed to state banks | Sri Lanka's CPC makes Rs120bn profit in 2023 after Rs884bn tax-payer injection Govt takes over debt owed to state banks | NEGATIVE | Energy |
Any future Sri Lankan government will have to comply with IMF deal: Cabinet Spokesman | 10-Jun-24 | Economic Crisis | Sri Lanka is facing a political uncertainty due to elections later this year. | Any future Sri Lankan government will have to comply with IMF deal: Cabinet Spokesman Sri Lanka is facing a political uncertainty due to elections later this year. | NEGATIVE | Banks |
SriLankan drops pepper & salt from economy class dish, makes on demand after survey | 10-Jun-24 | Aviation | Pepper & salt still served for business class passengers | SriLankan drops pepper & salt from economy class dish, makes on demand after survey Pepper & salt still served for business class passengers | NEGATIVE | Consumer Services |
Sri Lanka's Vidullanka, SEL Tech to develop 4.9mw solar power plant in Hambantota | 10-Jun-24 | Energy | SEL Tech International (Pvt) Limited to jointly develop 4.9 MW Beliatha solar power | Sri Lanka's Vidullanka, SEL Tech to develop 4.9mw solar power plant in Hambantota SEL Tech International (Pvt) Limited to jointly develop 4.9 MW Beliatha solar power | POSITIVE | Utilities |
Sri Lanka rupee closes weaker at 303.20/50 to US dollar | 10-Jun-24 | Bonds & Forex | Bond yields were broadly stable. | Sri Lanka rupee closes weaker at 303.20/50 to US dollar Bond yields were broadly stable. | POSITIVE | Banks |
Sri Lanka to send 6,000 workers to Japan | 10-Jun-24 | Employment | “We are sending caregivers, construction workers, and workers in the agriculture sector to Japan,” | Sri Lanka to send 6,000 workers to Japan “We are sending caregivers, construction workers, and workers in the agriculture sector to Japan,” | POSITIVE | Commercial & Professional Services |
Sri Lanka stocks close up ahead of IMF review | 10-Jun-24 | Stocks & Companies | Turnover was 1.6 billion. A large part of this came from capital goods stocks (Rs734mn). | Sri Lanka stocks close up ahead of IMF review Turnover was 1.6 billion. A large part of this came from capital goods stocks (Rs734mn). | NEGATIVE | Capital Goods |
Sri Lanka, Bangladesh discuss FTA, agriculture modernization, ferry and private investment | 10-Jun-24 | Business | Hasina pledged to direct private investors from Bangladesh towards investment opportunities in Sri Lanka | Sri Lanka, Bangladesh discuss FTA, agriculture modernization, ferry and private investment Hasina pledged to direct private investors from Bangladesh towards investment opportunities in Sri Lanka | POSITIVE | Commercial & Professional Services |
Divesting SOEs can generate greater profits through taxation: Sri Lanka restructuring unit | 10-Jun-24 | Fiscal | "Taxes yield greater benefit to the public with far less financial cost and resources," | Divesting SOEs can generate greater profits through taxation: Sri Lanka restructuring unit "Taxes yield greater benefit to the public with far less financial cost and resources," | NEGATIVE | Diversified Financials |
Sri Lanka, India reaffirm commitment to strengthening ties | 10-Jun-24 | International Relations | "Sri Lanka is an important partner in our Neighbourhood First policy. India is proud to be a dependable partner" | Sri Lanka, India reaffirm commitment to strengthening ties "Sri Lanka is an important partner in our Neighbourhood First policy. India is proud to be a dependable partner" | POSITIVE | Commercial & Professional Services |
Sajith says SJB government will implement Sri Lanka's 13th amendment | 10-Jun-24 | Politics | "The people say enough talk, make it happen." | Sajith says SJB government will implement Sri Lanka's 13th amendment "The people say enough talk, make it happen." | POSITIVE | Commercial & Professional Services |
Sri Lanka will be able to better penetrate India market with ECTA: ILCCI chief | 10-Jun-24 | Business | "This is a golden opportunity for us to integrate our economies" | Sri Lanka will be able to better penetrate India market with ECTA: ILCCI chief "This is a golden opportunity for us to integrate our economies" | POSITIVE | Commercial & Professional Services |
Fitch rates Sri Lanka's Commercial Bank 20bn debenture issue 'BBB+(lka)' | 10-Jun-24 | Stocks & Companies | The rating is two notches below the bank's National Long-Term Rating anchor | Fitch rates Sri Lanka's Commercial Bank 20bn debenture issue 'BBB+(lka)' The rating is two notches below the bank's National Long-Term Rating anchor | NEGATIVE | Banks |
Sri Lanka tea prices fall for third consecutive week | 10-Jun-24 | Business | Highest priced teas fall | Sri Lanka tea prices fall for third consecutive week Highest priced teas fall | NEGATIVE | Food, Beverage & Tobacco |
Sri Lanka's CAL enhances digital platform for stocks, Treasuries, unit trusts | 10-Jun-24 | Bonds & Forex | A dummy investment tool to simulate investments is also provided | Sri Lanka's CAL enhances digital platform for stocks, Treasuries, unit trusts A dummy investment tool to simulate investments is also provided | POSITIVE | Diversified Financials |
Sri Lanka rupee opens at 302.80/95 to US dollar | 10-Jun-24 | Bonds & Forex | Bond yields were broadly steady | Sri Lanka rupee opens at 302.80/95 to US dollar Bond yields were broadly steady | POSITIVE | Banks |
Sri Lanka Ports Authority cadre slashed, makes payment to Treasury | 10-Jun-24 | Economy | Makes Rs8.6bn levy to the Treasury to settle earlier dues | Sri Lanka Ports Authority cadre slashed, makes payment to Treasury Makes Rs8.6bn levy to the Treasury to settle earlier dues | NEGATIVE | Transportation |
Sri Lanka central bank avoids negative equity with imputed values for restructured bonds | 9-Jun-24 | Economy | Step down re-structured bond are not traded | Sri Lanka central bank avoids negative equity with imputed values for restructured bonds Step down re-structured bond are not traded | NEGATIVE | Banks |
Trupti Mehta A Pioneer in Winning Land Rights for Indigenous Communities | 9-Jun-24 | Political News | The road to that change has neither been easy, nor short | Trupti Mehta – A Pioneer in Winning Land Rights for Indigenous Communities The road to that change has neither been easy, nor short | POSITIVE | Commercial & Professional Services |
Sri Lanka's gross forex reserves marginally down in May | 8-Jun-24 | Economy | Though gross reserves fell, it is not clear whether net reserves fell | Sri Lanka's gross forex reserves marginally down in May Though gross reserves fell, it is not clear whether net reserves fell | NEGATIVE | Banks |
Sri Lanka, Maldives to increase ties in trade, tourism, energy | 8-Jun-24 | Trade | Maldives wants to recruit Sri Lankan teachers and doctors | Sri Lanka, Maldives to increase ties in trade, tourism, energy Maldives wants to recruit Sri Lankan teachers and doctors | NEGATIVE | Commercial & Professional Services |
Sri Lankas May tourism revenue rise 54-pct, arrivals up 35-pct | 8-Jun-24 | Tourism | VFS Global expensive visa entry fee is widely expected to hit future arrivals, revenue | Sri Lanka’s May tourism revenue rise 54-pct, arrivals up 35-pct VFS Global expensive visa entry fee is widely expected to hit future arrivals, revenue | NEUTRAL | Consumer Services |
Sri Lanka May 2024 remittances rise 13.5-pct to $544mn | 8-Jun-24 | Economy | Remittances have improved after the central bank gave up parallel exchange rate policy | Sri Lanka May 2024 remittances rise 13.5-pct to $544mn Remittances have improved after the central bank gave up parallel exchange rate policy | POSITIVE | Banks |
Sri Lankas anti-graft body challenges Public Financial Management Bill in Supreme Court | 7-Jun-24 | Courts | Bill's procurement provisions violate sovereignty of people right to equal protection of the law: TISL | Sri Lanka’s anti-graft body challenges Public Financial Management Bill in Supreme Court Bill's procurement provisions violate sovereignty of people right to equal protection of the law: TISL | NEGATIVE | Commercial & Professional Services |
Sri Lanka tourist promotion officials reject VFS Global half million dollar offer: Harin | 7-Jun-24 | Business | We said we cannot do that | Sri Lanka tourist promotion officials reject VFS Global half million dollar offer: Harin We said we cannot do that | NEGATIVE | Consumer Services |
Sri Lanka rupee closes stronger at 302.70/80 to US dollar | 7-Jun-24 | Bonds & Forex | Bond yields were steady. | Sri Lanka rupee closes stronger at 302.70/80 to US dollar Bond yields were steady. | POSITIVE | Banks |
Vietnam envoy pays farewell call on Sri Lanka Prime Minister | 7-Jun-24 | International Relations | Sri Lanka and Vietnam have the potential for closer engagement, Truc has said. | Vietnam envoy pays farewell call on Sri Lanka Prime Minister Sri Lanka and Vietnam have the potential for closer engagement, Truc has said. | NEUTRAL | Commercial & Professional Services |
Sri Lanka Chamber commends Electricity Law, cautions on regulator autonomy | 7-Jun-24 | Power | Expected to enhance efficiency, promote competition, and attract much-needed investment into the electricity sector | Sri Lanka Chamber commends Electricity Law, cautions on regulator autonomy Expected to enhance efficiency, promote competition, and attract much-needed investment into the electricity sector | POSITIVE | Utilities |
Sri Lanka stocks close up, buying interest picks up | 7-Jun-24 | Stocks & Companies | Turnover was 1.2 billion. A large part of this came from banking stocks (Rs574mn). | Sri Lanka stocks close up, buying interest picks up Turnover was 1.2 billion. A large part of this came from banking stocks (Rs574mn). | NEGATIVE | Banks |
Sri Lanka looks to remove obstacles in toddy export | 7-Jun-24 | Agriculture | Large market abroad for toddy, kithul, palm and coconut related products. | Sri Lanka looks to remove obstacles in toddy export Large market abroad for toddy, kithul, palm and coconut related products. | POSITIVE | Food, Beverage & Tobacco |
Sri Lanka COPF chief under threat over VFS Global deal probe | 7-Jun-24 | Business | Members representing the government are threatening him when he is examining the VFS deal | Sri Lanka COPF chief under threat over VFS Global deal probe Members representing the government are threatening him when he is examining the VFS deal | NEUTRAL | Commercial & Professional Services |
Sri Lanka Police try humour to get message across social media | 7-Jun-24 | Security | A series of tweets with popular culture references | Sri Lanka Police try humour to get message across social media A series of tweets with popular culture references | NEUTRAL | Commercial & Professional Services |
Sri Lanka's Lankem to open fertilizer plant | 7-Jun-24 | Agriculture | Commercial operations are expected to commence by the end of the year. | Sri Lanka's Lankem to open fertilizer plant Commercial operations are expected to commence by the end of the year. | POSITIVE | Materials |
Sri Lanka eyes mammoth 4,000 workforce to man elephant fences | 7-Jun-24 | Agriculture | Looking to recruit a new workforce of at least 4,000 multipurpose development officers | Sri Lanka eyes mammoth 4,000 workforce to man elephant fences Looking to recruit a new workforce of at least 4,000 multipurpose development officers | NEGATIVE | Commercial & Professional Services |
Sri Lanka rupee opens stronger at 302.55/65 to US dollar | 7-Jun-24 | Bonds & Forex | In the secondary market, yields were slightly down, dealers said. | Sri Lanka rupee opens stronger at 302.55/65 to US dollar In the secondary market, yields were slightly down, dealers said. | NEGATIVE | Banks |
IMF says Sri Lanka has made "sufficiently strong progress" on debt for June review | 7-Jun-24 | Economy | Discussions with external bondholders continue with the aim of reaching agreements in principle soon | IMF says Sri Lanka has made "sufficiently strong progress" on debt for June review Discussions with external bondholders continue with the aim of reaching agreements in principle soon | POSITIVE | Banks |
Sri Lanka legislators slam 49 renewables plants without tender, Adani deal | 7-Jun-24 | Energy | Mannar competitive tender halted | Sri Lanka legislators slam 49 renewables plants without tender, Adani deal Mannar competitive tender halted | NEGATIVE | Utilities |
Sri Lanka's Hatton National Bank 'A(lka)' rating confirmed, ISB assets 10-pct | 6-Jun-24 | Stocks & Companies | HNB's high risk profile, similar to peers, stems from its large exposure to sovereign risk | Sri Lanka's Hatton National Bank 'A(lka)' rating confirmed, ISB assets 10-pct HNB's high risk profile, similar to peers, stems from its large exposure to sovereign risk | NEGATIVE | Banks |
Sri Lanka's Commercial Bank 'A(lka)' rating confirmed: ISB assets 7-pct | 6-Jun-24 | Banking | The bank's impaired loan ratio broadly remained unchanged in the first quarter of 2024 11.4-pct at end-2023. | Sri Lanka's Commercial Bank 'A(lka)' rating confirmed: ISB assets 7-pct The bank's impaired loan ratio broadly remained unchanged in the first quarter of 2024 11.4-pct at end-2023. | NEGATIVE | Banks |
Sri Lanka to allocate foreign job quota for retired soldiers after deaths in Russia-Ukraine war | 6-Jun-24 | Defence | Sri Lanka has been trying to bring back retired military personnel who have joined Russian-Ukraine war for money | Sri Lanka to allocate foreign job quota for retired soldiers after deaths in Russia-Ukraine war Sri Lanka has been trying to bring back retired military personnel who have joined Russian-Ukraine war for money | NEUTRAL | Commercial & Professional Services |
Sri Lanka Bank of Ceylon 'A(lka)' rating confirmed | 6-Jun-24 | Stocks & Companies | About 60 percent of bank assets were exposed to the sovereign risk profile. | Sri Lanka Bank of Ceylon 'A(lka)' rating confirmed About 60 percent of bank assets were exposed to the sovereign risk profile. | NEGATIVE | Banks |
Sri Lanka parliament passes new electricity law | 6-Jun-24 | Energy | 103 votes in favour | Sri Lanka parliament passes new electricity law 103 votes in favour | POSITIVE | Utilities |
Sri Lanka's Hatton National Bank 'A(lka)' rating confirmed, ISB assets 10-pct | 6-Jun-24 | Stocks & Companies | HNB's high risk profile, similar to peers, stems from its large exposure to sovereign risk | Sri Lanka's Hatton National Bank 'A(lka)' rating confirmed, ISB assets 10-pct HNB's high risk profile, similar to peers, stems from its large exposure to sovereign risk | NEGATIVE | Banks |
Sri Lanka's Commercial Bank 'A(lka)' rating confirmed: ISB assets 7-pct | 6-Jun-24 | Banking | The bank's impaired loan ratio broadly remained unchanged in the first quarter of 2024 11.4-pct at end-2023. | Sri Lanka's Commercial Bank 'A(lka)' rating confirmed: ISB assets 7-pct The bank's impaired loan ratio broadly remained unchanged in the first quarter of 2024 11.4-pct at end-2023. | NEGATIVE | Banks |
Sri Lanka to allocate foreign job quota for retired soldiers after deaths in Russia-Ukraine war | 6-Jun-24 | Defence | Sri Lanka has been trying to bring back retired military personnel who have joined Russian-Ukraine war for money | Sri Lanka to allocate foreign job quota for retired soldiers after deaths in Russia-Ukraine war Sri Lanka has been trying to bring back retired military personnel who have joined Russian-Ukraine war for money | NEGATIVE | Commercial & Professional Services |
Sri Lanka Bank of Ceylon 'A(lka)' rating confirmed | 6-Jun-24 | Stocks & Companies | About 60 percent of bank assets were exposed to the sovereign risk profile. | Sri Lanka Bank of Ceylon 'A(lka)' rating confirmed About 60 percent of bank assets were exposed to the sovereign risk profile. | NEGATIVE | Banks |
Sri Lanka parliament passes new electricity law | 6-Jun-24 | Energy | 103 votes in favour | Sri Lanka parliament passes new electricity law 103 votes in favour | POSITIVE | Utilities |
Minister calls out opposition hypocrisy on Sri Lanka electricity reforms | 6-Jun-24 | Economy | The minister also said the new electricity reform bill will result in the disappearance of utilities unions. | Minister calls out opposition hypocrisy on Sri Lanka electricity reforms The minister also said the new electricity reform bill will result in the disappearance of utilities unions. | NEGATIVE | Utilities |
Sri Lanka's People's Bank 'A' (lka) rating confirmed, bad loans reduce: Fitch | 6-Jun-24 | Stocks & Companies | Peoples' Bank only had a small exposure to defaulted sovereign dollar bonds. | Sri Lanka's People's Bank 'A' (lka) rating confirmed, bad loans reduce: Fitch Peoples' Bank only had a small exposure to defaulted sovereign dollar bonds. | NEGATIVE | Banks |
Sri Lanka rupee closes weaker at 302.80/303.10 to US dollar | 6-Jun-24 | Bonds & Forex | Bond yields were up. | Sri Lanka rupee closes weaker at 302.80/303.10 to US dollar Bond yields were up. | NEGATIVE | Banks |
Sri Lanka seeks employment for seamen on Greek ships | 6-Jun-24 | Economic Crisis | PM seeks employment opportunities for Sri Lankans with shipping companies. | Sri Lanka seeks employment for seamen on Greek ships PM seeks employment opportunities for Sri Lankans with shipping companies. | NEUTRAL | Transportation |
Sri Lanka stocks close up, bank shares fare well | 6-Jun-24 | Stocks & Companies | Turnover was 1.5 billion. A large part of this came from the bank (Rs662mn) stocks. | Sri Lanka stocks close up, bank shares fare well Turnover was 1.5 billion. A large part of this came from the bank (Rs662mn) stocks. | NEGATIVE | Banks |
Sri Lanka president starts political office as polls near | 6-Jun-24 | Politics | The office will serve as the center for future political operations | Sri Lanka president starts political office as polls near The office will serve as the center for future political operations | NEUTRAL | Commercial & Professional Services |