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Sri Lanka to make US$5bn interest savings in bilateral debt deal: President | 2-Jul-24 | Economy | Interest rates on loans will be 2.1-pct or less | Sri Lanka to make US$5bn interest savings in bilateral debt deal: President Interest rates on loans will be 2.1-pct or less | NEGATIVE | Banks |
Sri Lanka rupee opens stronger at 304.80/305.20 to US dollar | 2-Jul-24 | Markets | Bond yields broadly steady | Sri Lanka rupee opens stronger at 304.80/305.20 to US dollar Bond yields broadly steady | POSITIVE | Banks |
Sri Lanka reports US$706mn current account surplus amid financial outflows | 2-Jul-24 | Economy | When capital repayments are made - in the absence of money printing - the current account shrinks | Sri Lanka reports US$706mn current account surplus amid financial outflows When capital repayments are made - in the absence of money printing - the current account shrinks | NEGATIVE | Banks |
Opposition claims Sri Lanka has signed only two out of three debt agreements | 1-Jul-24 | Politics | "There is no point having a debate without the third agreement." | Opposition claims Sri Lanka has signed only two out of three debt agreements "There is no point having a debate without the third agreement." | NEGATIVE | Commercial & Professional Services |
Sri Lanka cancels parliament debt debate amid criticism, leader’s death | 1-Jul-24 | Debt Restructuring | Debt restructuring debate likely after July 9 | Sri Lanka cancels parliament debt debate amid criticism, leader’s death Debt restructuring debate likely after July 9 | NEGATIVE | Commercial & Professional Services |
Sri Lanka to digitize motor traffic department operations despite complaints: Minister | 1-Jul-24 | Economy | E-ticketing system to combat theft by bus conductors opposed by workers who have taken matter to court. | Sri Lanka to digitize motor traffic department operations despite complaints: Minister E-ticketing system to combat theft by bus conductors opposed by workers who have taken matter to court. | NEGATIVE | Transportation |
Sri Lanka to renegotiate cancelled bilateral loan projects after debt restructuring deal | 1-Jul-24 | Debt Restructuring | Sri Lanka reached debt restructuring deal with bilateral creditors last week | Sri Lanka to renegotiate cancelled bilateral loan projects after debt restructuring deal Sri Lanka reached debt restructuring deal with bilateral creditors last week | NEGATIVE | Banks |
Sri Lanka rupee closes stronger at 304.80/305.00 to US dollar | 1-Jul-24 | Bonds & Forex | Bond yields were down. | Sri Lanka rupee closes stronger at 304.80/305.00 to US dollar Bond yields were down. | NEGATIVE | Banks |
Sri Lanka stocks close down, turnover lowest in a month | 1-Jul-24 | Stocks & Companies | Turnover was 686 million. Mostly from crossings on JKH, Hayleys | Sri Lanka stocks close down, turnover lowest in a month Turnover was 686 million. Mostly from crossings on JKH, Hayleys | NEGATIVE | Banks |
Sri Lanka reduces bus fares by 5.07-pct; public transport declared essential service | 1-Jul-24 | General Economy | A special gazette notification was also issued making public transport services an essential service. | Sri Lanka reduces bus fares by 5.07-pct; public transport declared essential service A special gazette notification was also issued making public transport services an essential service. | POSITIVE | Here's the list of industries for the news items you've provided, using the expanded list of categories: |
Gevorg Sargsyan new World Bank Group Country Manager for Sri Lanka | 1-Jul-24 | Economy | “Priority is to strengthen the dynamic collaboration among the Bank Group institutions in Sri Lanka, | Gevorg Sargsyan new World Bank Group Country Manager for Sri Lanka “Priority is to strengthen the dynamic collaboration among the Bank Group institutions in Sri Lanka, | POSITIVE | Transportation |
Sri Lanka Treasury cash balance of Rs542.3bn by end April | 1-Jul-24 | Economy | The government ended up with 542.3 billion rupees cash surplus by April. | Sri Lanka Treasury cash balance of Rs542.3bn by end April The government ended up with 542.3 billion rupees cash surplus by April. | NEGATIVE | Banks |
Sri Lanka President hopes for quick finish to ISB holder talks | 1-Jul-24 | Economy | Then will have that agreement as well | Sri Lanka President hopes for quick finish to ISB holder talks Then will have that agreement as well | POSITIVE | Banks |
Sri Lanka rupee opens stronger at 305.95/306.25 to US dollar | 1-Jul-24 | Markets | Bond yields down, stocks up | Sri Lanka rupee opens stronger at 305.95/306.25 to US dollar Bond yields down, stocks up | NEGATIVE | Banks |
Sri Lanka cuts petrol price by Rs11, premiums fuels more | 30-Jun-24 | Energy | Octane 95 petrol cuts by Rs41 to Rs355, standard diesel, kerosene, unchanged | Sri Lanka cuts petrol price by Rs11, premiums fuels more Octane 95 petrol cuts by Rs41 to Rs355, standard diesel, kerosene, unchanged | NEGATIVE | Banks |
Sri Lanka budget deficit implodes 56-pct to April 2024, interest bill eases | 30-Jun-24 | Economy | Current account deficit still wide. Primary balance is surplus due to interest bill exceeding overall deficit | Sri Lanka budget deficit implodes 56-pct to April 2024, interest bill eases Current account deficit still wide. Primary balance is surplus due to interest bill exceeding overall deficit | NEGATIVE | Energy |
Sri Lanka Presidential election date can be told after July 17: Commissioner Gen | 30-Jun-24 | Political News | Elections can be held from October onwards | Sri Lanka Presidential election date can be told after July 17: Commissioner Gen Elections can be held from October onwards | NEGATIVE | Banks |
Sri Lanka coconut auction prices rise 10-pct over June | 30-Jun-24 | Commodities | Coconut auction are near the historic highs seen in the first quarter of 2023 | Sri Lanka coconut auction prices rise 10-pct over June Coconut auction are near the historic highs seen in the first quarter of 2023 | POSITIVE | Commercial & Professional Services |
Sri Lanka government repays foreign debt on a net basis in 1Q 2024 | 29-Jun-24 | Economy | Foreign financing was a net repayment of equivalent to Rs14.9bn in the first three months | Sri Lanka government repays foreign debt on a net basis in 1Q 2024 Foreign financing was a net repayment of equivalent to Rs14.9bn in the first three months | NEGATIVE | Food, Beverage & Tobacco |
Sri Lanka foreign exchange earnings exceed imports by US$611mn in May | 29-Jun-24 | Economy | Total inflows from exports, remittances and net services were US$1,786mn, which was US$318m | Sri Lanka foreign exchange earnings exceed imports by US$611mn in May Total inflows from exports, remittances and net services were US$1,786mn, which was US$318m | NEGATIVE | Banks |
Sri Lanka inflation rise only 3.3-pct over 21-months to June 2024 | 29-Jun-24 | Economy | Sri Lanka has operated largely deflationary policy though excess liquidity was allowed to build up in recent month | Sri Lanka inflation rise only 3.3-pct over 21-months to June 2024 Sri Lanka has operated largely deflationary policy though excess liquidity was allowed to build up in recent month | NEGATIVE | Banks |
Sri Lankan mercenaries receive 3mn rubles for injuries on Russian front: Minister | 29-Jun-24 | Defence | “It’s about up to 3 million for injuries in rubles and up to 12 million for death,” | Sri Lankan mercenaries receive 3mn rubles for injuries on Russian front: Minister “It’s about up to 3 million for injuries in rubles and up to 12 million for death,” | NEGATIVE | Banks |
Sri Lanka could face unrest as in Kenya if economic stability not established: President | 28-Jun-24 | Economic Crisis | "If we do not establish economic stability in Sri Lanka, we could face similar unrest," | Sri Lanka could face unrest as in Kenya if economic stability not established: President "If we do not establish economic stability in Sri Lanka, we could face similar unrest," | NEGATIVE | Commercial & Professional Services |
Sri Lanka implements Banking (Amendment) Act No. 24 of 2024 | 28-Jun-24 | Banking | Amendments formulated considering developments incur rent regulatory framework, economic and market developments | Sri Lanka implements Banking (Amendment) Act No. 24 of 2024 Amendments formulated considering developments incur rent regulatory framework, economic and market developments | POSITIVE | Commercial & Professional Services |
Many Sri Lanka mercenaries have become Russian citizens: Foreign Minister | 28-Jun-24 | Defence | "If you are no longer a citizen of Sri Lanka we lose the right to represent you" | Many Sri Lanka mercenaries have become Russian citizens: Foreign Minister "If you are no longer a citizen of Sri Lanka we lose the right to represent you" | NEGATIVE | Banks |
Sri Lanka rupee closes weaker at 306.00/20 to US dollar | 28-Jun-24 | Bonds & Forex | Bond yields were down | Sri Lanka rupee closes weaker at 306.00/20 to US dollar Bond yields were down | NEGATIVE | Commercial & Professional Services |
Sri Lanka stocks close down, Sampath Bank pushes turnover | 28-Jun-24 | Stocks & Companies | A large part of Rs2.2bn turnover came from a crossing on Sampath Bank Plc | Sri Lanka stocks close down, Sampath Bank pushes turnover A large part of Rs2.2bn turnover came from a crossing on Sampath Bank Plc | NEGATIVE | Banks |
Sri Lanka CEB workforce to be revised: Minister | 28-Jun-24 | Power | "A new salary structure, a performance based incentive system & a promotion system will be introduced to CEB employees | Sri Lanka CEB workforce to be revised: Minister "A new salary structure, a performance based incentive system & a promotion system will be introduced to CEB employees | POSITIVE | Banks |
Sri Lanka pays Aswesuma beneficiaries Rs11.6bn for June | 28-Jun-24 | Economic Crisis | Welfare Benefits Board has disbursed 11.6 billion rupees to bank accounts of 622,495 beneficiaries under the Aswesuma | Sri Lanka pays Aswesuma beneficiaries Rs11.6bn for June Welfare Benefits Board has disbursed 11.6 billion rupees to bank accounts of 622,495 beneficiaries under the Aswesuma | NEGATIVE | Utilities |
Sri Lanka former legislator sentenced to rigorous imprisonment | 28-Jun-24 | Courts | Hirunika Premachandra given three years rigorous imprisonment for the abduction of a man in 2015. | Sri Lanka former legislator sentenced to rigorous imprisonment Hirunika Premachandra given three years rigorous imprisonment for the abduction of a man in 2015. | NEGATIVE | Banks |
Sri Lanka economic stability under President reduced renewable power prices: Minister | 28-Jun-24 | Energy | . | Sri Lanka economic stability under President reduced renewable power prices: Minister . | NEGATIVE | Commercial & Professional Services |
Joint working committee with Russia proposed to deal with Sri Lanka mercenaries | 28-Jun-24 | Defence | To discuss compensation for deceased and wounded, plight of uncontactable personnel, early termination of contracts | Joint working committee with Russia proposed to deal with Sri Lanka mercenaries To discuss compensation for deceased and wounded, plight of uncontactable personnel, early termination of contracts | NEGATIVE | Utilities |
99x considers collaborations to invest in and scale operations in Sri Lanka | 28-Jun-24 | Technology | 99x Technology, a global product engineering company, operates in Norway, Malaysia, Brazil, and Sri Lanka | 99x considers collaborations to invest in and scale operations in Sri Lanka 99x Technology, a global product engineering company, operates in Norway, Malaysia, Brazil, and Sri Lanka | POSITIVE | Commercial & Professional Services |
Sri Lanka looks at balancing trade security and logistic hub needs with East Asia experts | 28-Jun-24 | Trade | Trade regulators from Malaysia, the Philippines and Singapore showcased their national strategies for overseeing trade | Sri Lanka looks at balancing trade security and logistic hub needs with East Asia experts Trade regulators from Malaysia, the Philippines and Singapore showcased their national strategies for overseeing trade | POSITIVE | Software & Services |
Sri Lanka rupee opens weaker at 305.90/306.00 to US dollar | 28-Jun-24 | Bonds & Forex | Bond yields steady, stocks down | Sri Lanka rupee opens weaker at 305.90/306.00 to US dollar Bond yields steady, stocks down | NEGATIVE | Commercial & Professional Services |
Sri Lanka to revise high feed-in renewable tariffs after Mannar tender at 4.88 US cents | 28-Jun-24 | Energy | Wind and Rs30 a unit and ground mounted solar at Rs33 compared to Rs14.80 and Rs15.0 under competition | Sri Lanka to revise high feed-in renewable tariffs after Mannar tender at 4.88 US cents Wind and Rs30 a unit and ground mounted solar at Rs33 compared to Rs14.80 and Rs15.0 under competition | NEGATIVE | Banks |
Ceylon Chamber congratulates gov for bilateral creditor agreement | 28-Jun-24 | Business | "The completion of the negotiations will help Sri Lanka improve its credit ratings and ease the access to finance" | Ceylon Chamber congratulates gov for bilateral creditor agreement "The completion of the negotiations will help Sri Lanka improve its credit ratings and ease the access to finance" | POSITIVE | Utilities |
Sri Lanka 165MW renewable tenders Rs15+, Mannar wind award in two weeks: Minister | 28-Jun-24 | Energy | The 165MW small renewable tender has bids between Rs15 a unit Rs29 a unit | Sri Lanka 165MW renewable tenders Rs15+, Mannar wind award in two weeks: Minister The 165MW small renewable tender has bids between Rs15 a unit Rs29 a unit | NEGATIVE | Commercial & Professional Services |
Sri Lanka Chamber re-elects board for 2024/25 | 28-Jun-24 | Business | Duminda Hulangamuwa, Krishan Balendra, and Bingumal Thewarathanthri retained | Sri Lanka Chamber re-elects board for 2024/25 Duminda Hulangamuwa, Krishan Balendra, and Bingumal Thewarathanthri retained | POSITIVE | Utilities |
Sri Lanka banking system repays debt or builds fx reserves of US$6.2bn since default | 28-Jun-24 | Economy | Principle defaulted from April to March 2024 is also $5.8bn | Sri Lanka banking system repays debt or builds fx reserves of US$6.2bn since default Principle defaulted from April to March 2024 is also $5.8bn | NEGATIVE | Commercial & Professional Services |
Sri Lanka Chamber re-elects board for 2024/25 | 28-Jun-24 | Business | Duminda Hulangamuwa, Krishan Balendra, and Bingumal Thewarathanthri retained | Sri Lanka Chamber re-elects board for 2024/25 Duminda Hulangamuwa, Krishan Balendra, and Bingumal Thewarathanthri retained | POSITIVE | Banks |
Sri Lanka banking system repays debt or builds fx reserves of US$6.2bn since default | 28-Jun-24 | Economy | Principle defaulted from April to March 2024 is also $5.8bn | Sri Lanka banking system repays debt or builds fx reserves of US$6.2bn since default Principle defaulted from April to March 2024 is also $5.8bn | NEGATIVE | Commercial & Professional Services |
India pledges continuous backing for Sri Lanka’s economic recovery | 27-Jun-24 | Debt Restructuring | India is in discussion for renewable energy, connectivity projects with Sri Lanka | India pledges continuous backing for Sri Lanka’s economic recovery India is in discussion for renewable energy, connectivity projects with Sri Lanka | POSITIVE | Banks |
Sri Lanka sells Rs75bn in 2028 to 2033 bonds | 27-Jun-24 | Bonds & Forex | All offered 75 billion rupees of bonds were sold | Sri Lanka sells Rs75bn in 2028 to 2033 bonds All offered 75 billion rupees of bonds were sold | NEGATIVE | Energy |
Sri Lanka to impose new trade controls, make free metal scrap exports illegal | 27-Jun-24 | Economy | . | Sri Lanka to impose new trade controls, make free metal scrap exports illegal . | NEGATIVE | Banks |
Sri Lanka rupee closes weaker at 305.70/90 to US dollar | 27-Jun-24 | Bonds & Forex | Bond yields up | Sri Lanka rupee closes weaker at 305.70/90 to US dollar Bond yields up | NEGATIVE | Commercial & Professional Services |
Sri Lanka stocks close down, profit taking seen | 27-Jun-24 | Markets | "Market sentiment was subdued despite the positive news on the economic front yesterday." | Sri Lanka stocks close down, profit taking seen "Market sentiment was subdued despite the positive news on the economic front yesterday." | NEGATIVE | Banks |
Sri Lanka mulls designating teaching an essential service | 27-Jun-24 | Education | Teachers should be present in schools during morning hours to ensure the education of children | Sri Lanka mulls designating teaching an essential service Teachers should be present in schools during morning hours to ensure the education of children | POSITIVE | Banks |
Sri Lanka opposition leaders downplay bilateral debt deal announcement | 27-Jun-24 | Economy | Premadasa speaking at an event accused the government of telling "earth-shattering lies". | Sri Lanka opposition leaders downplay bilateral debt deal announcement Premadasa speaking at an event accused the government of telling "earth-shattering lies". | NEGATIVE | Commercial & Professional Services |
FAO distributes tool kits to Sri Lanka farmers to encourage GAP adoption | 27-Jun-24 | Agriculture | FAO said the programme encourages farmers to "effectively adopt modern, climate-resilient approaches to agriculture". | FAO distributes tool kits to Sri Lanka farmers to encourage GAP adoption FAO said the programme encourages farmers to "effectively adopt modern, climate-resilient approaches to agriculture". | POSITIVE | Commercial & Professional Services |
Sri Lanka's Dialog Axiata completes acquisition of Bharti Airtel Lanka | 27-Jun-24 | ICT | Dialog issued 952,694,689 ordinary voting shares by way of a share swap to Bharti on Wednesday | Sri Lanka's Dialog Axiata completes acquisition of Bharti Airtel Lanka Dialog issued 952,694,689 ordinary voting shares by way of a share swap to Bharti on Wednesday | NEGATIVE | Food, Beverage & Tobacco |
Sri Lanka Navy recruiting cadre to safeguard country’s Exclusive Economic Zone | 27-Jun-24 | Defence | "We need to strengthen both navy and the air force. We are in a strategic position globally." | Sri Lanka Navy recruiting cadre to safeguard country’s Exclusive Economic Zone "We need to strengthen both navy and the air force. We are in a strategic position globally." | POSITIVE | Telecommunication Services |
Sri Lanka banks say lobbies oppose recoveries, while others say defaulters going free | 27-Jun-24 | Banking | Deposits are safe banks say | Sri Lanka banks say lobbies oppose recoveries, while others say defaulters going free Deposits are safe banks say | NEGATIVE | Commercial & Professional Services |
Sri Lanka goods exports down 5.81-pct in May, services up 21.2-pct | 27-Jun-24 | Trade | Merchandise exports fell 5.81 percent from a year ago to 960.2 million dollars in May | Sri Lanka goods exports down 5.81-pct in May, services up 21.2-pct Merchandise exports fell 5.81 percent from a year ago to 960.2 million dollars in May | NEGATIVE | Banks |
Sri Lanka cricket coach Chris Silverwood resigns | 27-Jun-24 | Culture | It has been a real honour for me to be part of Sri Lanka Cricket | Sri Lanka cricket coach Chris Silverwood resigns It has been a real honour for me to be part of Sri Lanka Cricket | POSITIVE | Banks |
Paris Club urge comparable deal with Sri Lanka bond holders, seeks info | 27-Jun-24 | Economy | While India and several nations negotiated with the Paris Club, China negotiated on a parallel track | Paris Club urge comparable deal with Sri Lanka bond holders, seeks info While India and several nations negotiated with the Paris Club, China negotiated on a parallel track | NEGATIVE | Commercial & Professional Services |
Sri Lanka rupee opens weaker at 305.40/60 to US dollar | 27-Jun-24 | Bonds & Forex | Bond yields down, stocks up | Sri Lanka rupee opens weaker at 305.40/60 to US dollar Bond yields down, stocks up | NEGATIVE | Banks |
Sri Lanka leader asks for mandate after bilateral debt deal signed | 26-Jun-24 | Debt Restructuring | Sri Lanka is yet to finalise debt restructuring with private creditors | Sri Lanka leader asks for mandate after bilateral debt deal signed Sri Lanka is yet to finalise debt restructuring with private creditors | NEGATIVE | Banks |
Sri Lanka bilateral debt repayments delayed till 2028: President | 26-Jun-24 | Economy | Sri Lanka will then have until 2043 to repay the loans under concessional terms | Sri Lanka bilateral debt repayments delayed till 2028: President Sri Lanka will then have until 2043 to repay the loans under concessional terms | NEGATIVE | Commercial & Professional Services |
Sri Lanka Treasury bill yields up across maturities | 26-Jun-24 | Bonds & Forex | Japan has promised to resume stalled projects after the bilateral debt restructuring deal | Sri Lanka Treasury bill yields up across maturities Japan has promised to resume stalled projects after the bilateral debt restructuring deal | NEGATIVE | Banks |
Fitch downgrades Maldives to CCC+ as forex reserves fall | 26-Jun-24 | Economy | Reserves also fell due to repayment of a swap with the Reserve Bank of India | Fitch downgrades Maldives to CCC+ as forex reserves fall Reserves also fell due to repayment of a swap with the Reserve Bank of India | NEGATIVE | Banks |
US welcomes Sri Lanka debt restructuring agreement | 26-Jun-24 | Economy | The agreement was reached on the sidelines of the Paris Forum 2024 in France. | US welcomes Sri Lanka debt restructuring agreement The agreement was reached on the sidelines of the Paris Forum 2024 in France. | POSITIVE | Banks |
Sri Lanka reaches final agreement with Chinese EXIM Bank debt: State FinMin | 26-Jun-24 | Debt Restructuring | China's debt restructuring negotiations have taken longer time than expected | Sri Lanka reaches final agreement with Chinese EXIM Bank debt: State FinMin China's debt restructuring negotiations have taken longer time than expected | NEGATIVE | Banks |
Sri Lanka rupee closes weaker at 305.35/55 to US dollar | 26-Jun-24 | Bonds & Forex | Bond yields up. | Sri Lanka rupee closes weaker at 305.35/55 to US dollar Bond yields up. | NEGATIVE | Commercial & Professional Services |
Sri Lanka stocks close down, retail investors hold back | 26-Jun-24 | Stocks & Companies | "We have only reached an agreement with the OCC. This has made institutions, big players confident, but not retail | Sri Lanka stocks close down, retail investors hold back "We have only reached an agreement with the OCC. This has made institutions, big players confident, but not retail | POSITIVE | Banks |
Sri Lanka CB imposes penalties on DFCC, Sampath banks for non-compliance | 26-Jun-24 | Banking | Penalties imposed for not revealing information about customer, not doing due diligence | Sri Lanka CB imposes penalties on DFCC, Sampath banks for non-compliance Penalties imposed for not revealing information about customer, not doing due diligence | NEGATIVE | Banks |
Sri Lanka explores joining BRICS amid faster post-debt restructuring growth hopes | 26-Jun-24 | Economy | BRICS is seen as an alternative to groups of developed nations | Sri Lanka explores joining BRICS amid faster post-debt restructuring growth hopes BRICS is seen as an alternative to groups of developed nations | POSITIVE | Banks |
Sri Lanka wraps up final deal on bilateral debt, China also in | 26-Jun-24 | Economy | Agreement with China Exim Bank also to be signed today | Sri Lanka wraps up final deal on bilateral debt, China also in Agreement with China Exim Bank also to be signed today | POSITIVE | Banks |
Sri Lanka foreign minister Sabry to visit Japan | 26-Jun-24 | Opinion | He will focus on making further progress on the outcome of Foreign Minister Kamikawa's visit to Sri Lanka | Sri Lanka foreign minister Sabry to visit Japan He will focus on making further progress on the outcome of Foreign Minister Kamikawa's visit to Sri Lanka | POSITIVE | Commercial & Professional Services |
Sri Lanka Mannar 50MW wind plant lowest bid 4.88 US cents | 26-Jun-24 | Energy | Bids opened on June 26 | Sri Lanka Mannar 50MW wind plant lowest bid 4.88 US cents Bids opened on June 26 | NEGATIVE | Banks |
Sri Lanka rupee steady 305.25/50 to the US dollar, bond quoted wide | 26-Jun-24 | Bonds & Forex | Market somewhat muted compared to two weeks ago | Sri Lanka rupee steady 305.25/50 to the US dollar, bond quoted wide Market somewhat muted compared to two weeks ago | NEGATIVE | Commercial & Professional Services |
Sri Lanka Trotskyist beat the IMF to property tax decades ago, Minister says | 26-Jun-24 | Economy | A property tax was implemented even when N.M. Perera was the Finance Minister | Sri Lanka Trotskyist beat the IMF to property tax decades ago, Minister says A property tax was implemented even when N.M. Perera was the Finance Minister | NEGATIVE | Banks |
Sri Lanka to sign Paris Club debt deals as fresh ISB talks to also start | 25-Jun-24 | Economy | Talks with sovereign bond holders later in the week | Sri Lanka to sign Paris Club debt deals as fresh ISB talks to also start Talks with sovereign bond holders later in the week | POSITIVE | Energy |
Sri Lanka to seek investors for 200MW BOOT power plant | 25-Jun-24 | Business | The plant to come on stream in 2026, as several plants are due to be retired | Sri Lanka to seek investors for 200MW BOOT power plant The plant to come on stream in 2026, as several plants are due to be retired | NEGATIVE | Banks |
Explainer: How Sri Lanka’s political alliances are forming and their likely policies | 25-Jun-24 | Politics | Sri Lanka’s political uncertainty has risen as presidential poll weighs on future direction, policies | Explainer: How Sri Lanka’s political alliances are forming and their likely policies Sri Lanka’s political uncertainty has risen as presidential poll weighs on future direction, policies | NEGATIVE | Commercial & Professional Services |
Sri Lanka rupee closes steady at 305.25/35 to US dollar | 25-Jun-24 | Bonds & Forex | Bond yields up | Sri Lanka rupee closes steady at 305.25/35 to US dollar Bond yields up | POSITIVE | Banks |
Sri Lanka stocks close up, Commercial Bank crossing pushes turnover to 3.9bn | 25-Jun-24 | Stocks & Companies | Turnover was 3.9 billion. Most of this (Rs2.7bn) came from a crossing in Commercial Bank of Ceylon Plc. | Sri Lanka stocks close up, Commercial Bank crossing pushes turnover to 3.9bn Turnover was 3.9 billion. Most of this (Rs2.7bn) came from a crossing in Commercial Bank of Ceylon Plc. | NEGATIVE | Banks |
Sri Lanka to host Bora conference in July | 25-Jun-24 | Religion | Approximately 15,000 members of the Bora community from various countries are expected to attend the event. | Sri Lanka to host Bora conference in July Approximately 15,000 members of the Bora community from various countries are expected to attend the event. | POSITIVE | Commercial & Professional Services |
Sri Lanka apparel showcased in London under 'Your Vital Island' brand | 25-Jun-24 | Apparel | Aiming to increase apparel exports to the United Kingdom by a billion dollar in 2026 | Sri Lanka apparel showcased in London under 'Your Vital Island' brand Aiming to increase apparel exports to the United Kingdom by a billion dollar in 2026 | POSITIVE | Consumer Durables & Apparel |
Sri Lanka's Commercial Bank Rs10bn to sell up to 10-year 13.5-pct debt | 25-Jun-24 | Banking | The Bank will initially issue 100 million debentures at 100 rupees each, to raise 10 billion. | Sri Lanka's Commercial Bank Rs10bn to sell up to 10-year 13.5-pct debt The Bank will initially issue 100 million debentures at 100 rupees each, to raise 10 billion. | POSITIVE | Banks |
Sri Lanka apparel showcased in London under 'Your Vital Island' brand | 25-Jun-24 | Apparel | Aiming to increase apparel exports to the United Kingdom by a billion dollar in 2026 | Sri Lanka apparel showcased in London under 'Your Vital Island' brand Aiming to increase apparel exports to the United Kingdom by a billion dollar in 2026 | POSITIVE | Consumer Durables & Apparel |
Sri Lanka's Commercial Bank Rs10bn to sell up to 10-year 13.5-pct debt | 25-Jun-24 | Banking | The Bank will initially issue 100 million debentures at 100 rupees each, to raise 10 billion. | Sri Lanka's Commercial Bank Rs10bn to sell up to 10-year 13.5-pct debt The Bank will initially issue 100 million debentures at 100 rupees each, to raise 10 billion. | POSITIVE | Banks |
Sri Lanka to publish revised draft bill amending Mediation Board Act | 25-Jun-24 | Legal | The Legal Draftsman has drafted the revised bill which the Attorney General has already cleared. | Sri Lanka to publish revised draft bill amending Mediation Board Act The Legal Draftsman has drafted the revised bill which the Attorney General has already cleared. | NEGATIVE | Commercial & Professional Services |
Sri Lanka to digitize monks' education through piriven | 25-Jun-24 | Education | Will be provided computers, smart boards and printers. | Sri Lanka to digitize monks' education through piriven Will be provided computers, smart boards and printers. | NEGATIVE | Commercial & Professional Services |
Cabinet nod for developing Sri Lanka's World War II-era Hingurakkogda airbase | 25-Jun-24 | Aviation | In early April, the minister said Sri Lanka plans to revamp the Hingurakgoda airport to an international airport. | Cabinet nod for developing Sri Lanka's World War II-era Hingurakkogda airbase In early April, the minister said Sri Lanka plans to revamp the Hingurakgoda airport to an international airport. | POSITIVE | Transportation |
Sri Lanka to sign Paris Club debt deals Wednesday: Minister | 25-Jun-24 | Economy | The finalizing of the restructure was a 'great victory' for Sri Lanka | Sri Lanka to sign Paris Club debt deals Wednesday: Minister The finalizing of the restructure was a 'great victory' for Sri Lanka | POSITIVE | Banks |
Sri Lanka to call bids for new O&M contractor for Mannar wind farm | 25-Jun-24 | Energy | For the operation and maintenance of its Thambapavani wind farm in Mannar | Sri Lanka to call bids for new O&M contractor for Mannar wind farm For the operation and maintenance of its Thambapavani wind farm in Mannar | NEGATIVE | Energy |
Sri Lanka's Interim Secretariat for Truth and Reconciliation holds consultations in Monaragala | 25-Jun-24 | Politics | Consultations were held to "gather insights and address community challenges" stemming from Sri Lanka's ethnic conflict. | Sri Lanka's Interim Secretariat for Truth and Reconciliation holds consultations in Monaragala Consultations were held to "gather insights and address community challenges" stemming from Sri Lanka's ethnic conflict. | POSITIVE | Commercial & Professional Services |
Sri Lanka's Brown and Company sells subsidiary to Ceylon Knit Trend | 25-Jun-24 | Stocks & Companies | Browns Fabric Limited, with its Pannala factory, was disposed for Rs50,000,000 | Sri Lanka's Brown and Company sells subsidiary to Ceylon Knit Trend Browns Fabric Limited, with its Pannala factory, was disposed for Rs50,000,000 | NEGATIVE | Consumer Durables & Apparel |
Sri Lanka cabinet approves signing restructured bilateral debt deals: Minister | 25-Jun-24 | Economy | President Wickremesinghe is due to make a "special" national address on Wednesday evening | Sri Lanka cabinet approves signing restructured bilateral debt deals: Minister President Wickremesinghe is due to make a "special" national address on Wednesday evening | POSITIVE | Banks |
Sri Lanka 'free' visas likely to face $10 VFS Global fee, website: Harin | 25-Jun-24 | Business | There is a doubt about that. Our government will not take anything | Sri Lanka 'free' visas likely to face $10 VFS Global fee, website: Harin There is a doubt about that. Our government will not take anything | NEGATIVE | Consumer Services |
Sri Lanka rupee opens flat at 305.10/40 to US dollar | 25-Jun-24 | Bonds & Forex | Bonds steady, stocks up | Sri Lanka rupee opens flat at 305.10/40 to US dollar Bonds steady, stocks up | NEGATIVE | Banks |
Sri Lanka to get US$150mn from World Bank for health amid ageing population | 25-Jun-24 | Economy | Pandemic preparedness will also be improved. | Sri Lanka to get US$150mn from World Bank for health amid ageing population Pandemic preparedness will also be improved. | POSITIVE | Health Care Equipment & Services |
Sri Lanka to begin second round of talks with ISB holders: report | 25-Jun-24 | Economy | Bilateral debt deal already finalized | Sri Lanka to begin second round of talks with ISB holders: report Bilateral debt deal already finalized | NEGATIVE | Banks |
Sri Lanka to launch marine tourism campaign in Trinco, Arugam Bay from August: Harin | 24-Jun-24 | Tourism | “We will focus on deep-sea diving in Arugam Bay and Trincomalee as a form of bringing Marine Tourism in the country."... | Sri Lanka to launch marine tourism campaign in Trinco, Arugam Bay from August: Harin “We will focus on deep-sea diving in Arugam Bay and Trincomalee as a form of bringing Marine Tourism in the country."... | POSITIVE | Consumer Services |
State minister visits Myanmar, Thailand to seek repatriation of trafficked Sri Lankans | 24-Jun-24 | International Relations | "We are optimistic that some of these students will be released in the near future," | State minister visits Myanmar, Thailand to seek repatriation of trafficked Sri Lankans "We are optimistic that some of these students will be released in the near future," | POSITIVE | Commercial & Professional Services |
Sri Lanka stocks close up, renewed foreign interest | 24-Jun-24 | Stocks & Companies | "There is renewed foreign interest now that Sri Lanka has announced debt restructuring is close to being finalised." | Sri Lanka stocks close up, renewed foreign interest "There is renewed foreign interest now that Sri Lanka has announced debt restructuring is close to being finalised." | POSITIVE | Banks |
Sri Lanka rupee closes steady at 305.20/30 to US dollar | 24-Jun-24 | Bonds & Forex | Bond yields up | Sri Lanka rupee closes steady at 305.20/30 to US dollar Bond yields up | POSITIVE | Banks |
Sri Lanka Podujana Peramuna must work with leaders in line with its principles: committee | 24-Jun-24 | Politics | "You will see that in due course. It's not the clothes that are important, it's the thinking," he said. | Sri Lanka Podujana Peramuna must work with leaders in line with its principles: committee "You will see that in due course. It's not the clothes that are important, it's the thinking," he said. | POSITIVE | Commercial & Professional Services |
Sri Lanka burial issue: president says govt to introduce laws allowing choice | 24-Jun-24 | Human Rights | "The issue of burial has been a significant concern over the Muslim community in the country." | Sri Lanka burial issue: president says govt to introduce laws allowing choice "The issue of burial has been a significant concern over the Muslim community in the country." | POSITIVE | Commercial & Professional Services |