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Sri Lanka grants preliminary approval for Starlink: State Minister | 6-Jun-24 | ICT | The details of the public consultation will be published tomorrow | Sri Lanka grants preliminary approval for Starlink: State Minister The details of the public consultation will be published tomorrow | POSITIVE | Telecommunication Services |
Sri Lanka's CEB eyes sharply lower tariffs for smaller domestic users: Minister | 6-Jun-24 | Energy | Wickremesinghe government has raised electricity prices by more than 100% in line with commitments made to IMF | Sri Lanka's CEB eyes sharply lower tariffs for smaller domestic users: Minister Wickremesinghe government has raised electricity prices by more than 100% in line with commitments made to IMF | POSITIVE | Utilities |
Sri Lanka to send 10,000 workers to South Korea: Labor Ministry | 6-Jun-24 | Employment | Workers in production, fishing and construction industries | Sri Lanka to send 10,000 workers to South Korea: Labor Ministry Workers in production, fishing and construction industries | NEUTRAL | Commercial & Professional Services |
Sri Lanka rupee opens weaker at 302.48/55 to US dollar | 6-Jun-24 | Bonds & Forex | Bond yields were down. | Sri Lanka rupee opens weaker at 302.48/55 to US dollar Bond yields were down. | NEGATIVE | Banks |
Sri Lanka Insurance Corporation profits up on investment income | 6-Jun-24 | Fiscal | Investment income rose to 28.7 billion rupees from 13.7 billion rupees in 2022 | Sri Lanka Insurance Corporation profits up on investment income Investment income rose to 28.7 billion rupees from 13.7 billion rupees in 2022 | POSITIVE | Insurance |
Sri Lanka cabinet approval sought for debt restructuring process | 6-Jun-24 | Economy | There were cabinet papers submitted to get approval for changes required for debt restructuring | Sri Lanka cabinet approval sought for debt restructuring process There were cabinet papers submitted to get approval for changes required for debt restructuring | POSITIVE | Banks |
Sri Lanka requests Maldives to relax migrant worker remittances limit | 5-Jun-24 | Economy | Bank of Maldives has restricted foreign remittances amid dollar shortage | Sri Lanka requests Maldives to relax migrant worker remittances limit Bank of Maldives has restricted foreign remittances amid dollar shortage | NEGATIVE | Banks |
Sri Lanka to have dedicated green economy unit in finance ministry: President | 5-Jun-24 | Environment | This unit will be responsible for funding programs aimed at promoting a green economy | Sri Lanka to have dedicated green economy unit in finance ministry: President This unit will be responsible for funding programs aimed at promoting a green economy | POSITIVE | Commercial & Professional Services |
Law students in Sri Lanka mostly female, but President's Counsel male: Eran | 5-Jun-24 | Legal | There seems to be an attitude problem. We have to accept this. We cannot run away from this | Law students in Sri Lanka mostly female, but President's Counsel male: Eran There seems to be an attitude problem. We have to accept this. We cannot run away from this | NEUTRAL | Commercial & Professional Services |
Sri Lanka printers at Drupa fair with German support | 5-Jun-24 | Business | Equipped industry professionals with crucial insights into current and upcoming EU regulations | Sri Lanka printers at Drupa fair with German support Equipped industry professionals with crucial insights into current and upcoming EU regulations | POSITIVE | Capital Goods |
Sri Lanka's COPF ends probe into controversial IVS-VFS Global visa deal | 5-Jun-24 | Business | null | Sri Lanka's COPF ends probe into controversial IVS-VFS Global visa deal . | POSITIVE | Commercial & Professional Services |
Sri Lanka rupee opens weaker at 302.20/35 to US dollar | 5-Jun-24 | Bonds & Forex | Bond yields were broadly steady. | Sri Lanka rupee opens weaker at 302.20/35 to US dollar Bond yields were broadly steady. | POSITIVE | Banks |
India's Modi tells Sri Lanka President he looks to economic partnership, amid poll setback | 5-Jun-24 | Economy | null | India's Modi tells Sri Lanka President he looks to economic partnership, amid poll setback . | NEUTRAL | Commercial & Professional Services |
SriLankan Airlines make profits as currency depreciation stops | 5-Jun-24 | Economy | Large portions of losses in recent years have come from exchange losses | SriLankan Airlines make profits as currency depreciation stops Large portions of losses in recent years have come from exchange losses | POSITIVE | Transportation |
Sri Lanka SEC says took measures against unlicensed investment advisor | 4-Jun-24 | Markets | SEC in the past has fined market manipulators | Sri Lanka SEC says took measures against unlicensed investment advisor SEC in the past has fined market manipulators | NEGATIVE | Diversified Financials |
Sri Lanka seeks public-private partnership to train Olympic contenders: minister | 4-Jun-24 | Sports | Joint program with support of the private sector and civil society to make Sri Lanka a medal winning country | Sri Lanka seeks public-private partnership to train Olympic contenders: minister Joint program with support of the private sector and civil society to make Sri Lanka a medal winning country | POSITIVE | Consumer Services |
Sri Lanka rupee closes weaker at 302.10/20 to US dollar | 4-Jun-24 | Bonds & Forex | Bond yields were broadly steady. | Sri Lanka rupee closes weaker at 302.10/20 to US dollar Bond yields were broadly steady. | NEGATIVE | Banks |
Sri Lanka stocks close up, conglomerates pick up | 4-Jun-24 | Stocks & Companies | Turnover was 899 million. | Sri Lanka stocks close up, conglomerates pick up Turnover was 899 million. | NEGATIVE | Diversified Financials |
Pakistan Air Sial flights to Sri Lanka likely to lower ticket prices: Envoy | 4-Jun-24 | Aviation | Sri Lanka does not have direct flight to Islamabad yet. | Pakistan Air Sial flights to Sri Lanka likely to lower ticket prices: Envoy Sri Lanka does not have direct flight to Islamabad yet. | POSITIVE | Transportation |
Sri Lanka relaxes food imports controls that were kept as poor skipped meals | 4-Jun-24 | Agriculture | null | Sri Lanka relaxes food imports controls that were kept as poor skipped meals . | NEUTRAL | Food & Staples Retailing |
Sri Lanka considering price controls for cement: Minister | 4-Jun-24 | Economy | Cement companies announced they would be reducing prices by 150 rupees to 2,250 rupees for a 50-kilo bag. | Sri Lanka considering price controls for cement: Minister Cement companies announced they would be reducing prices by 150 rupees to 2,250 rupees for a 50-kilo bag. | POSITIVE | Materials |
Sri Lanka's Litro gas reduces prices | 4-Jun-24 | Energy | 12.5 kg cylinder reduced by 150 rupees | Sri Lanka's Litro gas reduces prices 12.5 kg cylinder reduced by 150 rupees | POSITIVE | Energy |
Sri Lanka to halt illegal landfills, relocate hospitals in flood-prone areas: President | 4-Jun-24 | Disaster | Mulleriyawa and IDH hospitals to be relocated to alternative locations | Sri Lanka to halt illegal landfills, relocate hospitals in flood-prone areas: President Mulleriyawa and IDH hospitals to be relocated to alternative locations | NEUTRAL | Commercial & Professional Services |
Sri Lanka's new Electricity Bill ruled unconstitutional by top Court | 4-Jun-24 | Legal | Opposition requests more time | Sri Lanka's new Electricity Bill ruled unconstitutional by top Court Opposition requests more time | NEUTRAL | Utilities |
Sri Lanka faces barriers in reclaiming priceless artifacts from Britain | 4-Jun-24 | Culture | Sri Lanka has already received six artifacts from the Dutch last year. | Sri Lanka faces barriers in reclaiming priceless artifacts from Britain Sri Lanka has already received six artifacts from the Dutch last year. | NEGATIVE | Consumer Services |
Sri Lanka explores including pharmaceuticals, machinery in Pakistan FTA: Envoy | 4-Jun-24 | Trade | Both Sri Lanka and Pakistan are yet to exploit the full potential of FTA | Sri Lanka explores including pharmaceuticals, machinery in Pakistan FTA: Envoy Both Sri Lanka and Pakistan are yet to exploit the full potential of FTA | NEUTRAL | Commercial & Professional Services |
Sri Lanka rupee opens at 301.95/302.05 to US dollar | 4-Jun-24 | Bonds & Forex | Bond yields were broadly steady. | Sri Lanka rupee opens at 301.95/302.05 to US dollar Bond yields were broadly steady. | POSITIVE | Banks |
Sri Lanka electricity tariff revision proposal to regulator this week: Minister | 4-Jun-24 | Energy | The July tariff proposal will be submitted to the PUCSL this week | Sri Lanka electricity tariff revision proposal to regulator this week: Minister The July tariff proposal will be submitted to the PUCSL this week | NEUTRAL | Utilities |
Sri Lanka budget deficit down, tax revenues up 41-pct to Feb 2024 | 4-Jun-24 | Economy | Interest bill has started to ease | Sri Lanka budget deficit down, tax revenues up 41-pct to Feb 2024 Interest bill has started to ease | POSITIVE | Banks |
Sri Lanka to plant a tree to replace a tree: state minister | 3-Jun-24 | Disaster | Strong winds and heavy rains have brought down trees causing harm to life and property | Sri Lanka to plant a tree to replace a tree: state minister Strong winds and heavy rains have brought down trees causing harm to life and property | NEUTRAL | Commercial & Professional Services |
Sri Lanka Government awaits Supreme Court ruling to cancel LG polls: State Minister | 3-Jun-24 | Politics | Sri Lanka govt did not allocate funds for LG polls last year citing no funds | Sri Lanka Government awaits Supreme Court ruling to cancel LG polls: State Minister Sri Lanka govt did not allocate funds for LG polls last year citing no funds | NEUTRAL | Commercial & Professional Services |
Sri Lanka rupee closes flat at 301.90/302.00 to US dollar | 3-Jun-24 | Bonds & Forex | Bond yields were broadly steady. | Sri Lanka rupee closes flat at 301.90/302.00 to US dollar Bond yields were broadly steady. | POSITIVE | Banks |
Sri Lanka stocks close down, turnover low | 3-Jun-24 | Stocks & Companies | Turnover was 686 million. Most of this came from the food, beverage and tobacco stocks (Rs144mn). | Sri Lanka stocks close down, turnover low Turnover was 686 million. Most of this came from the food, beverage and tobacco stocks (Rs144mn). | NEGATIVE | Food, Beverage & Tobacco |
Sri Lanka foreign debt slightly down in March quarter, rupee debt up | 3-Jun-24 | Economy | Rupee debt continues expand amid deficit | Sri Lanka foreign debt slightly down in March quarter, rupee debt up Rupee debt continues expand amid deficit | NEGATIVE | Banks |
Sri Lanka floods kill 15, four rivers still rising | 3-Jun-24 | Weather and Climate | The island's Disaster Management said 3,727 families were hit by floods and landslides. | Sri Lanka floods kill 15, four rivers still rising The island's Disaster Management said 3,727 families were hit by floods and landslides. | NEGATIVE | Commercial & Professional Services |
UNP gen secy defends call for postponing Sri Lanka poll, claims opposition silent | 3-Jun-24 | Politics | "I have made no statement that's undemocratic," he said. | UNP gen secy defends call for postponing Sri Lanka poll, claims opposition silent "I have made no statement that's undemocratic," he said. | NEUTRAL | Commercial & Professional Services |
Sri Lanka watching 300 'high risk' trees in the capital Colombo | 3-Jun-24 | Accidents | Warnings amidst prevailing bad weather conditions | Sri Lanka watching 300 'high risk' trees in the capital Colombo Warnings amidst prevailing bad weather conditions | NEGATIVE | Commercial & Professional Services |
Support for AKD drops to SP's level while RW makes gains, Sri Lanka poll shows | 3-Jun-24 | Politics | Support for Dissanayake dropped six percentage points to 39 percent in April. | Support for AKD drops to SP's level while RW makes gains, Sri Lanka poll shows Support for Dissanayake dropped six percentage points to 39 percent in April. | NEUTRAL | Commercial & Professional Services |
Sri Lanka leads region in recruiting more women in banking but barriers remain: IFC | 3-Jun-24 | Banking | Women comprisie 46 percent of new recruits, according to the IFC study. | Sri Lanka leads region in recruiting more women in banking but barriers remain: IFC Women comprisie 46 percent of new recruits, according to the IFC study. | NEUTRAL | Banks |
Sri Lanka's Expolanka Holdings PLC extends exit offer | 3-Jun-24 | Stocks & Companies | "The timelines as set out in the original Exit Offer too shall continue to remain." | Sri Lanka's Expolanka Holdings PLC extends exit offer "The timelines as set out in the original Exit Offer too shall continue to remain." | POSITIVE | Transportation |
Sri Lanka rupee opens stable at 301.85/302.00 to US dollar | 3-Jun-24 | Bonds & Forex | Bond yields were steady. | Sri Lanka rupee opens stable at 301.85/302.00 to US dollar Bond yields were steady. | POSITIVE | Banks |
IMF Board to take up Sri Lanka program review on June 12 | 3-Jun-24 | Economy | The session will evaluate Sri Lanka's economic policies and reform progress | IMF Board to take up Sri Lanka program review on June 12 The session will evaluate Sri Lanka's economic policies and reform progress | NEUTRAL | Banks |
Maldives overtakes UK as second largest tourist source amid VFS Global visa controversy | 2-Jun-24 | Business | .In the first 30 days of May, Sri Lanka's has welcomed 108,000 tourist, down from 148,000 in April | Maldives overtakes UK as second largest tourist source amid VFS Global visa controversy .In the first 30 days of May, Sri Lanka's has welcomed 108,000 tourist, down from 148,000 in April | NEGATIVE | Consumer Services |
Sri Lanka balance of payments surplus US$1.3bn by April 2024 | 2-Jun-24 | Economy | Excess liquidity remains | Sri Lanka balance of payments surplus US$1.3bn by April 2024 Excess liquidity remains | NEGATIVE | Banks |
Vietnam Truc Lam Monastery in Sri Lanka takes meditation to all communities | 2-Jun-24 | Culture | null | Vietnam Truc Lam Monastery in Sri Lanka takes meditation to all communities . | NEUTRAL | Consumer Services |
Sri Lanka coconut prices soar 20-pct at auction over May | 1-Jun-24 | Agriculture | The highest price was 79,900 rupees for 1,000 nuts at the May 30 auction | Sri Lanka coconut prices soar 20-pct at auction over May The highest price was 79,900 rupees for 1,000 nuts at the May 30 auction | POSITIVE | Food, Beverage & Tobacco |
Sri Lanka foreign exchange earnings exceed imports by $542mn in April | 1-Jun-24 | Economy | Exports, tourism, remittances and net services were US$2,014 million in April 2024, compared to $1435mn for imports | Sri Lanka foreign exchange earnings exceed imports by $542mn in April Exports, tourism, remittances and net services were US$2,014 million in April 2024, compared to $1435mn for imports | POSITIVE | Banks |
SAITM to be handed over to University of Moratuwa | 31-May-24 | Education | University to make pre-arrangements before commencing academic studies in January 2025. | SAITM to be handed over to University of Moratuwa University to make pre-arrangements before commencing academic studies in January 2025. | NEUTRAL | Commercial & Professional Services |
Sri Lanka balance of payments surplus US$1.3bn by April 2024 | 2-Jun-24 | Economy | Excess liquidity remains | Sri Lanka balance of payments surplus US$1.3bn by April 2024 Excess liquidity remains | NEGATIVE | Banks |
Vietnam Truc Lam Monastery in Sri Lanka takes meditation to all communities | 2-Jun-24 | Culture | null | Vietnam Truc Lam Monastery in Sri Lanka takes meditation to all communities . | NEUTRAL | Consumer Services |
Sri Lanka coconut prices soar 20-pct at auction over May | 1-Jun-24 | Agriculture | The highest price was 79,900 rupees for 1,000 nuts at the May 30 auction | Sri Lanka coconut prices soar 20-pct at auction over May The highest price was 79,900 rupees for 1,000 nuts at the May 30 auction | POSITIVE | Food, Beverage & Tobacco |
Sri Lanka foreign exchange earnings exceed imports by $542mn in April | 1-Jun-24 | Economy | Exports, tourism, remittances and net services were US$2,014 million in April 2024, compared to $1435mn for imports | Sri Lanka foreign exchange earnings exceed imports by $542mn in April Exports, tourism, remittances and net services were US$2,014 million in April 2024, compared to $1435mn for imports | POSITIVE | Banks |
SAITM to be handed over to University of Moratuwa | 31-May-24 | Education | University to make pre-arrangements before commencing academic studies in January 2025. | SAITM to be handed over to University of Moratuwa University to make pre-arrangements before commencing academic studies in January 2025. | NEUTRAL | Commercial & Professional Services |
Sri Lanka renewables, power lines without tender to be legalized in new law: IESL | 31-May-24 | Energy | Regulator to be watered down | Sri Lanka renewables, power lines without tender to be legalized in new law: IESL Regulator to be watered down | NEUTRAL | Utilities |
Sri Lanka inflation 2.5-pct in 20-months to May 2024, food deflates 5.7-pct | 31-May-24 | Economy | Since September 2022 food prices are down 5.79 percent | Sri Lanka inflation 2.5-pct in 20-months to May 2024, food deflates 5.7-pct Since September 2022 food prices are down 5.79 percent | NEGATIVE | Food, Beverage & Tobacco |
Dilshan Rodrigo made Chief Executive of Sri Lanka's Union Bank | 31-May-24 | Stocks & Companies | Indrajit Wickramasinghe retires after distinguished career | Dilshan Rodrigo made Chief Executive of Sri Lanka's Union Bank Indrajit Wickramasinghe retires after distinguished career | NEUTRAL | Banks |
Sri Lanka rupee closes weaker at 301.90/302.00 to US dollar | 31-May-24 | Bonds & Forex | Bond yields were slightly up. | Sri Lanka rupee closes weaker at 301.90/302.00 to US dollar Bond yields were slightly up. | NEGATIVE | Banks |
Sri Lanka stocks close down, mixed sentiments on banks | 31-May-24 | Stocks & Companies | Turnover was 1.1 billion. | Sri Lanka stocks close down, mixed sentiments on banks Turnover was 1.1 billion. | NEGATIVE | Banks |
NH Collection brand enters Sri Lanka replacing Mövenpick at Softlogic hotel | 31-May-24 | Business | NH Collection is an upmarket brand of Bangkok-based Minor group | NH Collection brand enters Sri Lanka replacing Mövenpick at Softlogic hotel NH Collection is an upmarket brand of Bangkok-based Minor group | NEUTRAL | Consumer Services |
Rising Sri Lanka egg consumption should not deter exports: minister | 31-May-24 | Economy | "Because of the presence of bird flu in other countries, there is a high demand for eggs from Sri Lanka." | Rising Sri Lanka egg consumption should not deter exports: minister "Because of the presence of bird flu in other countries, there is a high demand for eggs from Sri Lanka." | POSITIVE | Food, Beverage & Tobacco |
Sri Lanka moves to ban 'Happy Hour' leave hotels staggered | 31-May-24 | Business | The Happy Hour is not only found in Sri Lanka. It is across the world | Sri Lanka moves to ban 'Happy Hour' leave hotels staggered The Happy Hour is not only found in Sri Lanka. It is across the world | NEUTRAL | Consumer Services |
Sri Lanka to get blue economy research fellowships from India BIMSTEC initiative | 31-May-24 | International Relations | Research grant of up to INR 1 million and the opportunity to pursue studies at Indian research labs | Sri Lanka to get blue economy research fellowships from India BIMSTEC initiative Research grant of up to INR 1 million and the opportunity to pursue studies at Indian research labs | POSITIVE | Commercial & Professional Services |
Sri Lanka rupee opens stable at 301.75/80 to US dollar | 31-May-24 | Bonds & Forex | Bond yields were steady. | Sri Lanka rupee opens stable at 301.75/80 to US dollar Bond yields were steady. | POSITIVE | Banks |
Sri Lanka confident of wrapping up debt talks for IMF review in June: State Minister | 30-May-24 | Fiscal | We have to open the second round of negotiations with bondholder | Sri Lanka confident of wrapping up debt talks for IMF review in June: State Minister We have to open the second round of negotiations with bondholder | POSITIVE | Banks |
Family member complaints about Sri Lankans in warfront rise to 455 | 30-May-24 | Defence | Returnees have said about 600 to 800 Sri Lankans may be at the warfront working for Russian private military companies.... | Family member complaints about Sri Lankans in warfront rise to 455 Returnees have said about 600 to 800 Sri Lankans may be at the warfront working for Russian private military companies.... | NEGATIVE | Commercial & Professional Services |
Sri Lanka businesses aim to strengthen links with IORA partners | 30-May-24 | Trade | IORA business conclave organized by the Ceylon Chamber of Commerce discusses collaboration between member states | Sri Lanka businesses aim to strengthen links with IORA partners IORA business conclave organized by the Ceylon Chamber of Commerce discusses collaboration between member states | POSITIVE | Commercial & Professional Services |
Sri Lanka rupee closes flat at 301.85/90 to US dollar | 30-May-24 | Bonds & Forex | Bond yields were steady. | Sri Lanka rupee closes flat at 301.85/90 to US dollar Bond yields were steady. | NEUTRAL | Banks |
Sri Lanka stocks close up, banking stocks steady | 30-May-24 | Stocks & Companies | Turnover was 1.3 billion. | Sri Lanka stocks close up, banking stocks steady Turnover was 1.3 billion. | NEGATIVE | Banks |
Sri Lanka needs energy transition law so private sector can come in: President | 30-May-24 | Energy | Enhance institutional capacity, regulatory framework for renewable energy procurement to attract private sector | Sri Lanka needs energy transition law so private sector can come in: President Enhance institutional capacity, regulatory framework for renewable energy procurement to attract private sector | NEUTRAL | Utilities |
Singapore team to help improve Sri Lanka immigration system | 30-May-24 | Economy | Will facilitate Sri Lanka's efforts to modernize and improve processes related to immigration, visa issuance | Singapore team to help improve Sri Lanka immigration system Will facilitate Sri Lanka's efforts to modernize and improve processes related to immigration, visa issuance | POSITIVE | Commercial & Professional Services |
Sri Lanka tourists to get 60-day visa free entry to Thailand | 30-May-24 | International Relations | The visa will also allow foreign students of higher education to stay for one year after graduation and work | Sri Lanka tourists to get 60-day visa free entry to Thailand The visa will also allow foreign students of higher education to stay for one year after graduation and work | POSITIVE | Consumer Services |
Reyaz Mihular chairman of Sri Lanka's Watawala Plantations | 30-May-24 | Agriculture | Mihular, a chartered accountant, appointed chairman, succeeding Sunil G Wijesinha who held the position for 12 years | Reyaz Mihular chairman of Sri Lanka's Watawala Plantations Mihular, a chartered accountant, appointed chairman, succeeding Sunil G Wijesinha who held the position for 12 years | NEUTRAL | Food, Beverage & Tobacco |
Sri Lanka rupee opens lower at 301.60/75 to US dollar | 30-May-24 | Bonds & Forex | Bond yields were steady. | Sri Lanka rupee opens lower at 301.60/75 to US dollar Bond yields were steady. | POSITIVE | Banks |
Sri Lanka monetary policy is not to promote growth: CB Governor | 30-May-24 | Economy | The objective of monetary policy is to stabilize and facilitate for the country to achieve potential growth | Sri Lanka monetary policy is not to promote growth: CB Governor The objective of monetary policy is to stabilize and facilitate for the country to achieve potential growth | NEUTRAL | Banks |
Fearing legal action globally, Sri Lanka parliament calls to review UN’s evidence gathering | 30-May-24 | Human Rights | Right groups say Sri Lanka is likely face another resolution in the next UNHRC session | Fearing legal action globally, Sri Lanka parliament calls to review UN’s evidence gathering Right groups say Sri Lanka is likely face another resolution in the next UNHRC session | NEUTRAL | Commercial & Professional Services |
Iraq official invites Sri Lanka investors to do business in Bagdad, Kurdistan | 29-May-24 | Trade | Through direct shipping facilities, Sri Lanka can enjoy benefits of fast and convenient trade facilitation to Europe, ME | Iraq official invites Sri Lanka investors to do business in Bagdad, Kurdistan Through direct shipping facilities, Sri Lanka can enjoy benefits of fast and convenient trade facilitation to Europe, ME | POSITIVE | Commercial & Professional Services |
Sri Lanka prime minister says presidential election still scheduled for 2024 | 29-May-24 | Politics | "We have restored democracy since the night it was destroyed," he said. | Sri Lanka prime minister says presidential election still scheduled for 2024 "We have restored democracy since the night it was destroyed," he said. | NEGATIVE | Commercial & Professional Services |
Sri Lanka's Aitken Spence Plantation Managements to delist from CSE | 29-May-24 | Stocks & Companies | The exit offer price is 240 rupees per share | Sri Lanka's Aitken Spence Plantation Managements to delist from CSE The exit offer price is 240 rupees per share | NEGATIVE | Food, Beverage & Tobacco |
Sri Lanka rupee closes broadly flat at 301.60/302.00 to US dollar | 29-May-24 | Bonds & Forex | Bond yields were down. | Sri Lanka rupee closes broadly flat at 301.60/302.00 to US dollar Bond yields were down. | NEGATIVE | Banks |
Sri Lanka Treasury bill yields fall across maturities, 3-months 8.62-pct | 29-May-24 | Bonds & Forex | All offered bills were sold | Sri Lanka Treasury bill yields fall across maturities, 3-months 8.62-pct All offered bills were sold | NEGATIVE | Banks |
Sri Lanka stocks close down after Commercial Bank capital call | 29-May-24 | Stocks & Companies | "There was significant selling pressure on the bank's shares which trickled to other banking stocks too," | Sri Lanka stocks close down after Commercial Bank capital call "There was significant selling pressure on the bank's shares which trickled to other banking stocks too," | NEGATIVE | Banks |
Sri Lanka central bank gets IFC, World Bank help to focus on green finance | 29-May-24 | Finance | By including inclusive green finance with an emphasis on export-oriented SMEs | Sri Lanka central bank gets IFC, World Bank help to focus on green finance By including inclusive green finance with an emphasis on export-oriented SMEs | POSITIVE | Banks |
Defence Ministry clearance a must for Sri Lanka ex-servicemen applying for Russia visa | 29-May-24 | Defence | Sri Lankans being deployed in the Russia-Ukraine conflict | Defence Ministry clearance a must for Sri Lanka ex-servicemen applying for Russia visa Sri Lankans being deployed in the Russia-Ukraine conflict | NEGATIVE | Commercial & Professional Services |
Sri Lanka rubber sector collapse to worsen with wage hike order: official | 29-May-24 | Trade | "Just because our cost of production may rise, we cannot raise our sale prices, because we are not price makers" | Sri Lanka rubber sector collapse to worsen with wage hike order: official "Just because our cost of production may rise, we cannot raise our sale prices, because we are not price makers" | NEGATIVE | Materials |
Permanent residence for persons of Sri Lanka descent, foreign spouses | 29-May-24 | Legal | Persons of Sri Lanka descent are those with a Sri Lankan parent, grand parent or great grand parent | Permanent residence for persons of Sri Lanka descent, foreign spouses Persons of Sri Lanka descent are those with a Sri Lankan parent, grand parent or great grand parent | NEGATIVE | Commercial & Professional Services |
Sri Lanka new employment act will not prevent age discrimination: minister | 29-May-24 | Employment | “Ages it can be decide by the employer,” Nanayakkara said when asked about job advertisements that specify age. | Sri Lanka new employment act will not prevent age discrimination: minister “Ages it can be decide by the employer,” Nanayakkara said when asked about job advertisements that specify age. | NEGATIVE | Commercial & Professional Services |
Sri Lanka's Combank stock slides after capital call | 29-May-24 | Banking | The bank made a capital call from shareholders of 22 billion rupees | Sri Lanka's Combank stock slides after capital call The bank made a capital call from shareholders of 22 billion rupees | NEGATIVE | Banks |
Sri Lanka delegation to visit Moscow soon for discussions over ex-soldiers in Russia-Ukraine war | 29-May-24 | Defence | Sri Lanka has officially said at least 16 local combatants have already died | Sri Lanka delegation to visit Moscow soon for discussions over ex-soldiers in Russia-Ukraine war Sri Lanka has officially said at least 16 local combatants have already died | NEUTRAL | Commercial & Professional Services |
Sri Lanka rupee opens stronger at 301.00/20 to US dollar | 29-May-24 | Bonds & Forex | Bond yields broadly steady. | Sri Lanka rupee opens stronger at 301.00/20 to US dollar Bond yields broadly steady. | POSITIVE | Banks |
Sri Lanka retail sales picking up, private credit expected to follow: CB Governor | 29-May-24 | Economy | Central bank would like to see new lending rates fall | Sri Lanka retail sales picking up, private credit expected to follow: CB Governor Central bank would like to see new lending rates fall | POSITIVE | Commercial & Professional Services |
Sri Lanka tightens governance of state banks, limits lending to SOEs | 29-May-24 | Banking | Special unit to be set up at the Finance Ministry to monitor state banks | Sri Lanka tightens governance of state banks, limits lending to SOEs Special unit to be set up at the Finance Ministry to monitor state banks | NEGATIVE | Consumer Services |
Sri Lanka's Commercial Bank in rights issue to raise Rs22bn | 28-May-24 | Banking | 1 for 5 voting at Rs85 and 1 for 5 non-voting at Rs69. | Sri Lanka's Commercial Bank in rights issue to raise Rs22bn 1 for 5 voting at Rs85 and 1 for 5 non-voting at Rs69. | POSITIVE | Food, Beverage & Tobacco |
Sri Lanka minority shareholders of Expolanka Holdings Plc challenge de-listing | 28-May-24 | Stocks & Companies | Nine minority shareholders of Expolanka Holdings PLC holding approximately 0.012% of shares , have filed appeal | Sri Lanka minority shareholders of Expolanka Holdings Plc challenge de-listing Nine minority shareholders of Expolanka Holdings PLC holding approximately 0.012% of shares , have filed appeal | NEGATIVE | Banks |
Sri Lanka rupee closes weaker at 301.70/302.30 to US dollar | 28-May-24 | Bonds & Forex | Bond yields were broadly steady. | Sri Lanka rupee closes weaker at 301.70/302.30 to US dollar Bond yields were broadly steady. | NEGATIVE | Banks |
Sri Lanka stocks close down, selling pressure on banks and bluechips | 28-May-24 | Stocks & Companies | Sampath Bank Plc which closed down at 77.80, saw the most active volumes traded in the day. | Sri Lanka stocks close down, selling pressure on banks and bluechips Sampath Bank Plc which closed down at 77.80, saw the most active volumes traded in the day. | NEGATIVE | Commercial & Professional Services |
Sri Lanka risks foreign retaliation over VFS visa deal | 28-May-24 | Economy | SriLankan enjoy visa exemption status to Maldives and Singapore | Sri Lanka risks foreign retaliation over VFS visa deal SriLankan enjoy visa exemption status to Maldives and Singapore | NEGATIVE | Commercial & Professional Services |
Sri Lanka govt distances itself from UNP call for postponing elections | 28-May-24 | Politics | "Is Mr Palitha Range Bandara the government? He is the UNP secretary," the minister said. | Sri Lanka govt distances itself from UNP call for postponing elections "Is Mr Palitha Range Bandara the government? He is the UNP secretary," the minister said. | NEGATIVE | Commercial & Professional Services |
Sri Lanka Samurdhi banks, societies to be subjected to government audit | 28-May-24 | Finance | Samurdhi Act to be amended to bring microfinance activities under National Audit Office | Sri Lanka Samurdhi banks, societies to be subjected to government audit Samurdhi Act to be amended to bring microfinance activities under National Audit Office | NEGATIVE | Food, Beverage & Tobacco |
Sri Lanka merger of Ceylon Fertilizer, Colombo Commercial Fertilizer offers VRS scheme | 28-May-24 | Agriculture | Voluntary retirement scheme to be offered to 267 employees at a cost of 844 million rupees during the amalgamation | Sri Lanka merger of Ceylon Fertilizer, Colombo Commercial Fertilizer offers VRS scheme Voluntary retirement scheme to be offered to 267 employees at a cost of 844 million rupees during the amalgamation | NEGATIVE | Banks |
Sri Lanka president's UNP proposes postponing elections by two years | 28-May-24 | Politics | Bandara said postponing the two elections would not be undemocratic | Sri Lanka president's UNP proposes postponing elections by two years Bandara said postponing the two elections would not be undemocratic | POSITIVE | Banks |