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Ed Sheeran concert in Sri Lanka in 2025: Minister | 24-Jun-24 | General Economy | Sri Lanka will host an Ed Sheeran concert in January 2025, in coordination with Cinnamon | Ed Sheeran concert in Sri Lanka in 2025: Minister Sri Lanka will host an Ed Sheeran concert in January 2025, in coordination with Cinnamon | POSITIVE | Consumer Services |
Sri Lanka appoints new state minister of trade and environment | 24-Jun-24 | Politics | Sathasivam Viyalendiran took oath as the State Minister of Trade and Environment before President Ranil Wickremesinghe | Sri Lanka appoints new state minister of trade and environment Sathasivam Viyalendiran took oath as the State Minister of Trade and Environment before President Ranil Wickremesinghe | POSITIVE | Commercial & Professional Services |
Sri Lanka's Nation Lanka Finance delays private placement | 24-Jun-24 | Stocks & Companies | "The continuous erosion of capital resulting from the delay has required further negotiations for additional capital" | Sri Lanka's Nation Lanka Finance delays private placement "The continuous erosion of capital resulting from the delay has required further negotiations for additional capital" | NEGATIVE | Banks |
Sri Lanka rupee opens stronger at 305.30/50 to US dollar | 24-Jun-24 | Bonds & Forex | Bond yields down, stocks up | Sri Lanka rupee opens stronger at 305.30/50 to US dollar Bond yields down, stocks up | NEGATIVE | Banks |
Central bank swaps symptomatic of Sri Lanka's IMF return tickets and default: Bellwether | 24-Jun-24 | Bellwether | Outlawing central bank swaps should be a key measure in preventing a second default | Central bank swaps symptomatic of Sri Lanka's IMF return tickets and default: Bellwether Outlawing central bank swaps should be a key measure in preventing a second default | NEGATIVE | Banks |
Sri Lanka central bank appoints two Deputy Governors | 23-Jun-24 | Economy | A A M Thassim and J P R Karunaratne promoted | Sri Lanka central bank appoints two Deputy Governors A A M Thassim and J P R Karunaratne promoted | POSITIVE | Banks |
Sri Lanka opposition questions claims that IMF housing tax is only for kulaks | 23-Jun-24 | Economy | Whatever the President said the IMF agreement says owner occupied house | Sri Lanka opposition questions claims that IMF housing tax is only for kulaks Whatever the President said the IMF agreement says owner occupied house | NEGATIVE | Banks |
India supports Sri Lanka Coast Guard to boost maritime security | 23-Jun-24 | Defence | Coast Guard Ship Suraksha was also gifted to Sri Lanka by India in October 2017 | India supports Sri Lanka Coast Guard to boost maritime security Coast Guard Ship Suraksha was also gifted to Sri Lanka by India in October 2017 | POSITIVE | Commercial & Professional Services |
Sri Lanka Water Board makes profits, tax-payers inject Rs28bn | 23-Jun-24 | Economy | 25 percent of water taken without paying anything | Sri Lanka Water Board makes profits, tax-payers inject Rs28bn 25 percent of water taken without paying anything | NEGATIVE | Utilities |
Sri Lanka will expedite Indian projects: President | 22-Jun-24 | Business | Wickremesinghe outlines bilateral projects to Indian business people at the 31st All India Partner’s Meet | Sri Lanka will expedite Indian projects: President Wickremesinghe outlines bilateral projects to Indian business people at the 31st All India Partner’s Meet | POSITIVE | Commercial & Professional Services |
Comments by Sri Lanka President, Justice Minister, intimidates judiciary: Lawyers collective | 22-Jun-24 | Legal | Disagreement cannot cross into threat or intimidation | Comments by Sri Lanka President, Justice Minister, intimidates judiciary: Lawyers collective Disagreement cannot cross into threat or intimidation | POSITIVE | Commercial & Professional Services |
Sri Lanka electricity generation returns to pre-crisis levels in first quarter | 22-Jun-24 | Energy | Real GDP was estimated to grow 5.3-pct in the first quarter of 2023 and power generation 9.6-pct | Sri Lanka electricity generation returns to pre-crisis levels in first quarter Real GDP was estimated to grow 5.3-pct in the first quarter of 2023 and power generation 9.6-pct | POSITIVE | Utilities |
Boosting Sri Lanka female employment can counter ageing population, migration | 21-Jun-24 | Economy | However, many women also go abroad to countries with better monetary regimes and send back remittances. | Boosting Sri Lanka female employment can counter ageing population, migration However, many women also go abroad to countries with better monetary regimes and send back remittances. | POSITIVE | Commercial & Professional Services |
Sri Lanka repays US$225mn to Reserve Bank of India in first quarter | 21-Jun-24 | Economy | Since October Sri Lanka has repaid US375mn to RBI | Sri Lanka repays US$225mn to Reserve Bank of India in first quarter Since October Sri Lanka has repaid US375mn to RBI | NEGATIVE | Banks |
Indian FM meets Sri Lanka political leaders; focuses on committed deals | 21-Jun-24 | Energy | Sri Lanka has seen some rise in anti-Indian sentiments recently | Indian FM meets Sri Lanka political leaders; focuses on committed deals Sri Lanka has seen some rise in anti-Indian sentiments recently | POSITIVE | Commercial & Professional Services |
Sri Lanka car permit tax losses Rs14bn in two years of partial disclosure | 20-Jun-24 | Economy | The list only shows waivers of a so-called 'luxury tax' waivers applicable to vehicles above certain value | Sri Lanka car permit tax losses Rs14bn in two years of partial disclosure The list only shows waivers of a so-called 'luxury tax' waivers applicable to vehicles above certain value | NEGATIVE | Automobiles & Components |
Construction of Sampur solar power plant to begin mid-July | 20-Jun-24 | Energy | Plans for an LNG supply, a petroleum pipeline linking the two countries, and advancing oil and gas exploration | Construction of Sampur solar power plant to begin mid-July Plans for an LNG supply, a petroleum pipeline linking the two countries, and advancing oil and gas exploration | POSITIVE | Energy |
Sri Lanka shares debt management experience at global forum | 20-Jun-24 | Economy | Sri Lanka has shared its experiences at a forum on debt management to "provide lessons for others" | Sri Lanka shares debt management experience at global forum Sri Lanka has shared its experiences at a forum on debt management to "provide lessons for others" | POSITIVE | Banks |
Sri Lanka rupee closes stronger at 305.10/30 to US dollar | 20-Jun-24 | Bonds & Forex | Some bond yields edged up. | Sri Lanka rupee closes stronger at 305.10/30 to US dollar Some bond yields edged up. | NEGATIVE | Banks |
Sri Lanka stocks close up, JKH trade pushes turnover | 20-Jun-24 | Stocks & Companies | Turnover was 2 billion. Nearly half of this (Rs980mn) came from a crossing on John Keells Holdings Plc. | Sri Lanka stocks close up, JKH trade pushes turnover Turnover was 2 billion. Nearly half of this (Rs980mn) came from a crossing on John Keells Holdings Plc. | NEGATIVE | Banks |
Sri Lanka rupee closes stronger at 305.10/30 to US dollar | 20-Jun-24 | Bonds & Forex | Some bond yields edged up. | Sri Lanka rupee closes stronger at 305.10/30 to US dollar Some bond yields edged up. | NEGATIVE | Banks |
Sri Lanka stocks close up, JKH trade pushes turnover | 20-Jun-24 | Stocks & Companies | Turnover was 2 billion. Nearly half of this (Rs980mn) came from a crossing on John Keells Holdings Plc. | Sri Lanka stocks close up, JKH trade pushes turnover Turnover was 2 billion. Nearly half of this (Rs980mn) came from a crossing on John Keells Holdings Plc. | NEGATIVE | Banks |
Sri Lanka, India launch maritime rescue coordination centre | 20-Jun-24 | Defence | The MRCC was constructed with a 6 million dollar grant from India. | Sri Lanka, India launch maritime rescue coordination centre The MRCC was constructed with a 6 million dollar grant from India. | POSITIVE | Transportation |
Sri Lanka, Saudi Arabia to cooperate in promoting direct investment | 20-Jun-24 | Trade | Attract direct investment to country and improve investment environment of both countries | Sri Lanka, Saudi Arabia to cooperate in promoting direct investment Attract direct investment to country and improve investment environment of both countries | POSITIVE | Commercial & Professional Services |
Sri Lanka ready to sign bilateral debt restructure deals: Minister | 20-Jun-24 | Economy | Sri Lanka has bilateral debt with Paris Club creditors, India and China | Sri Lanka ready to sign bilateral debt restructure deals: Minister Sri Lanka has bilateral debt with Paris Club creditors, India and China | POSITIVE | Banks |
Sri Lanka FIU links up with bribery commission | 20-Jun-24 | Crime | CIABOC to share information relevant to any investigation with FIU | Sri Lanka FIU links up with bribery commission CIABOC to share information relevant to any investigation with FIU | NEGATIVE | Banks |
Sri Lanka's UB Finance rights issue ovesubscribed | 20-Jun-24 | Stocks & Companies | UB Finance PLC received applications for 500,728,992 shares on the rights issue | Sri Lanka's UB Finance rights issue ovesubscribed UB Finance PLC received applications for 500,728,992 shares on the rights issue | NEGATIVE | Banks |
Maharaja Foods from Sri Lanka seeks Rs125nm for expansion | 20-Jun-24 | Markets | . | Maharaja Foods from Sri Lanka seeks Rs125nm for expansion . | NEGATIVE | Food, Beverage & Tobacco |
Sri Lanka rupee opens weaker at 305.50/90 to US dollar | 20-Jun-24 | Bonds & Forex | Bonds steady, stocks up | Sri Lanka rupee opens weaker at 305.50/90 to US dollar Bonds steady, stocks up | NEGATIVE | Banks |
Sri Lanka's Brazil envoy initiates sister city link between Colombo and Rio | 20-Jun-24 | Trade | Invited Brazilian entrepreneurs and tourists to make use of experience and opportunities available in Sri Lanka | Sri Lanka's Brazil envoy initiates sister city link between Colombo and Rio Invited Brazilian entrepreneurs and tourists to make use of experience and opportunities available in Sri Lanka | POSITIVE | Commercial & Professional Services |
Sri Lanka expressway cashiers stealing 10 to 20-pct of toll revenue: official | 20-Jun-24 | Economy | Based on the day the Army operated the toll booths, there is a minimum of 10 to 20-pct revenue loss | Sri Lanka expressway cashiers stealing 10 to 20-pct of toll revenue: official Based on the day the Army operated the toll booths, there is a minimum of 10 to 20-pct revenue loss | NEGATIVE | Transportation |
Indian FM Jaishankar in Sri Lanka to discuss partnerships amid project delays, ahead of polls | 20-Jun-24 | International Relations | Sri Lankan visit will be Jaishankar's first bilateral visit under new Indian government | Indian FM Jaishankar in Sri Lanka to discuss partnerships amid project delays, ahead of polls Sri Lankan visit will be Jaishankar's first bilateral visit under new Indian government | POSITIVE | Commercial & Professional Services |
Sri Lanka mulling development bank to give low interest credit: President | 19-Jun-24 | Banking | "This new bank aims to maintain low interest rates." | Sri Lanka mulling development bank to give low interest credit: President "This new bank aims to maintain low interest rates." | NEGATIVE | Banks |
Sri Lanka Treasuries yields rise, 3-month up 50bp | 19-Jun-24 | Bonds & Forex | More three month bills sold and lower volume of month bills | Sri Lanka Treasuries yields rise, 3-month up 50bp More three month bills sold and lower volume of month bills | NEGATIVE | Banks |
Sri Lanka rupee closes weaker at 305.40/55 to US dollar | 19-Jun-24 | Bonds & Forex | Bond yields up | Sri Lanka rupee closes weaker at 305.40/55 to US dollar Bond yields up | NEGATIVE | Banks |
Sri Lanka stocks close down, turnover Rs2.7bn | 19-Jun-24 | Stocks & Companies | A large part of this came from consumer durables and apparel industry stocks | Sri Lanka stocks close down, turnover Rs2.7bn A large part of this came from consumer durables and apparel industry stocks | NEGATIVE | Consumer Durables & Apparel |
Sri Lanka calls applications for National Police Commission vacancy | 19-Jun-24 | Defence | The commission consists of 7 members of which two members are yet to be appointed, | Sri Lanka calls applications for National Police Commission vacancy The commission consists of 7 members of which two members are yet to be appointed, | NEGATIVE | Commercial & Professional Services |
Sri Lanka cricketer to invest in candy, drinks factory in India | 19-Jun-24 | Business | Muttiah Muralitharan to invest 1,400 crore Indian rupees to set up beverage and confectionery unit in Karnataka | Sri Lanka cricketer to invest in candy, drinks factory in India Muttiah Muralitharan to invest 1,400 crore Indian rupees to set up beverage and confectionery unit in Karnataka | NEGATIVE | Food, Beverage & Tobacco |
Sri Lanka's Hela Apparel to raise Rs1.5bn in rights issue | 19-Jun-24 | Stocks & Companies | Proceeds of the issue willbe used to settle a sub-subsidiary's debt | Sri Lanka's Hela Apparel to raise Rs1.5bn in rights issue Proceeds of the issue willbe used to settle a sub-subsidiary's debt | NEGATIVE | Consumer Durables & Apparel |
Sri Lanka Railways asks squatters to register online | 19-Jun-24 | Fiscal | "All unauthorized occupants who do not register by that date will be removed from railway premises." | Sri Lanka Railways asks squatters to register online "All unauthorized occupants who do not register by that date will be removed from railway premises." | NEGATIVE | Transportation |
Panel allows Sri Lanka central bank staff to get high salaries | 19-Jun-24 | Economy | The panel has said that individuals should be given increments on a 'meritocracy' | Panel allows Sri Lanka central bank staff to get high salaries The panel has said that individuals should be given increments on a 'meritocracy' | NEGATIVE | Banks |
Sri Lanka hSenid to use IPO funds for market development | 19-Jun-24 | Stocks & Companies | The money was originally allocated for 'strategic acquisitions in APAC and East African regions'. | Sri Lanka hSenid to use IPO funds for market development The money was originally allocated for 'strategic acquisitions in APAC and East African regions'. | NEGATIVE | Software & Services |
Sri Lanka rupee opens weaker at 305.00/50 to US dollar | 19-Jun-24 | Bonds & Forex | Bond yields and stocks up | Sri Lanka rupee opens weaker at 305.00/50 to US dollar Bond yields and stocks up | NEGATIVE | Banks |
Sri Lanka manufacturing recovers strongly in May, financial services expand: PMI | 19-Jun-24 | Economy | New hires seen in several services companies | Sri Lanka manufacturing recovers strongly in May, financial services expand: PMI New hires seen in several services companies | POSITIVE | Banks |
Central banks expect to increase gold reserves after buying 1,037 tonnes in 2023: Survey | 18-Jun-24 | Economy | De-dollarization was cited as a reason by 13-pct of emerging market central banks and 6-pct advanced ones | Central banks expect to increase gold reserves after buying 1,037 tonnes in 2023: Survey De-dollarization was cited as a reason by 13-pct of emerging market central banks and 6-pct advanced ones | NEGATIVE | Banks |
Sri Lanka rupee closes weaker at 304.75/305.40 to US dollar | 18-Jun-24 | Economy | . | Sri Lanka rupee closes weaker at 304.75/305.40 to US dollar . | NEGATIVE | Banks |
Sri Lanka's Ceylon Chamber links up with Gujarat Chamber | 18-Jun-24 | Business | To facilitate trade between the two countries via initiatives such as trade fairs and delegations, business networking | Sri Lanka's Ceylon Chamber links up with Gujarat Chamber To facilitate trade between the two countries via initiatives such as trade fairs and delegations, business networking | POSITIVE | Commercial & Professional Services |
Sri Lanka telecommunications bill some clauses ruled unconstitutional by SC: Speaker | 18-Jun-24 | Courts | Remedies proposed by Supreme Court | Sri Lanka telecommunications bill some clauses ruled unconstitutional by SC: Speaker Remedies proposed by Supreme Court | NEGATIVE | Telecommunication Services |
Sri Lanka to exempt one house from imputed rent wealth tax: President | 18-Jun-24 | Economy | ...[O]ne house will be exempt from this | Sri Lanka to exempt one house from imputed rent wealth tax: President ...[O]ne house will be exempt from this | POSITIVE | Banks |
Sri Lanka rupee opens weaker at 304.30/55 to US dollar | 18-Jun-24 | Bonds & Forex | Bond yields steady, stocks down | Sri Lanka rupee opens weaker at 304.30/55 to US dollar Bond yields steady, stocks down | NEGATIVE | Banks |
Sri Lanka president apologises for forced cremations during Covid | 18-Jun-24 | Human Rights | New law to protect right to burial, cremation, donation of cadaver | Sri Lanka president apologises for forced cremations during Covid New law to protect right to burial, cremation, donation of cadaver | NEGATIVE | Commercial & Professional Services |
Sri Lanka female owned businesses face US$17bn financing gap: ADB country chief | 18-Jun-24 | Banking | A process called WE-Fi Code to collect data and develop policies to help women's access to finance | Sri Lanka female owned businesses face US$17bn financing gap: ADB country chief A process called WE-Fi Code to collect data and develop policies to help women's access to finance | NEGATIVE | Banks |
Sri Lanka says imputed rental tax will not apply to all | 18-Jun-24 | Economy | The envisaged property tax is in an advanced stage of design and therefore or | Sri Lanka says imputed rental tax will not apply to all The envisaged property tax is in an advanced stage of design and therefore or | NEGATIVE | Banks |
In Sri Lanka's North, legal alcohol is too far away, Lion Brewery says | 17-Jun-24 | Business | 1 off-premise licensed outlet every 45sqkm on average, while in North this stands at one outlet per 167sqkm | In Sri Lanka's North, legal alcohol is too far away, Lion Brewery says 1 off-premise licensed outlet every 45sqkm on average, while in North this stands at one outlet per 167sqkm | NEGATIVE | Food, Beverage & Tobacco |
Sri Lanka President, Mannar Bishop discuss energy, land ties with India | 17-Jun-24 | Energy | A pre-feasibility study for a land connection between Sri Lanka and India has been completed, | Sri Lanka President, Mannar Bishop discuss energy, land ties with India A pre-feasibility study for a land connection between Sri Lanka and India has been completed, | POSITIVE | Energy |
Sri Lanka central govt debt to GDP at 100-pct by March 2024 | 17-Jun-24 | Economy | Public debt with SOE guaranteed debt fell to 106.8 pct of GDP in March 2024 from 112.7-pct in Dec | Sri Lanka central govt debt to GDP at 100-pct by March 2024 Public debt with SOE guaranteed debt fell to 106.8 pct of GDP in March 2024 from 112.7-pct in Dec | NEGATIVE | Banks |
Sri Lanka to end patrician tax free car permits under IMF deal? | 17-Jun-24 | Economy | Politicians get completely tax free cars while plebeians pay taxes of over 200-pct for mobility | Sri Lanka to end patrician tax free car permits under IMF deal? Politicians get completely tax free cars while plebeians pay taxes of over 200-pct for mobility | NEGATIVE | Automobiles & Components |
Vietnam selling SBV bills to stabilize the Dong, as Sri Lanka rupee also weakens | 16-Jun-24 | Economy | Dong under renewed pressure after it was made more 'flexible' | Vietnam selling SBV bills to stabilize the Dong, as Sri Lanka rupee also weakens Dong under renewed pressure after it was made more 'flexible' | NEGATIVE | Banks |
Explainer: Sri Lanka’s key political risks ahead of presidential election | 16-Jun-24 | Economy | Sri Lanka is heading for elections after unpredicted economic crisis, IMF-led policy reforms | Explainer: Sri Lanka’s key political risks ahead of presidential election Sri Lanka is heading for elections after unpredicted economic crisis, IMF-led policy reforms | POSITIVE | Commercial & Professional Services |
Sri Lanka coconut prices extend gains in June | 16-Jun-24 | Agriculture | Coconut prices rose 20 percent over May at the weekly auction | Sri Lanka coconut prices extend gains in June Coconut prices rose 20 percent over May at the weekly auction | NEGATIVE | Food, Beverage & Tobacco |
Sri Lanka state airport agency swimming in cash after sovereign default | 16-Jun-24 | Economy | Interest income shot up from Rs3.3bn in 2021 to Rs10.4bn after default | Sri Lanka state airport agency swimming in cash after sovereign default Interest income shot up from Rs3.3bn in 2021 to Rs10.4bn after default | NEGATIVE | Transportation |
Sri Lanka car import relaxing roadmap given to IMF: State Minister | 15-Jun-24 | Economy | Luxury cars which attract the highest taxes, are the last to be relaxed | Sri Lanka car import relaxing roadmap given to IMF: State Minister Luxury cars which attract the highest taxes, are the last to be relaxed | NEGATIVE | Automobiles & Components |
Chitrasiri Committee presents draft constitution for Sri Lanka Cricket | 15-Jun-24 | Sports | Renewed criticism of the team and the governing body | Chitrasiri Committee presents draft constitution for Sri Lanka Cricket Renewed criticism of the team and the governing body | NEGATIVE | Commercial & Professional Services |
Sri Lanka's Cable Solutions in Rs605mn IPO | 15-Jun-24 | Markets | Listing of its ordinary voting shares on the Diri Savi Board of the CSE. | Sri Lanka's Cable Solutions in Rs605mn IPO Listing of its ordinary voting shares on the Diri Savi Board of the CSE. | NEGATIVE | Capital Goods |
Sri Lanka beats key IMF program targets for March 2024 amid rupee stability | 15-Jun-24 | Economy | Primary surplus, net international reserves, tax revenue floor indicative targets exceeded | Sri Lanka beats key IMF program targets for March 2024 amid rupee stability Primary surplus, net international reserves, tax revenue floor indicative targets exceeded | NEGATIVE | Banks |
Sri Lanka GDP grows 5.3-pct in first quarter of 2024 amid monetary stability | 15-Jun-24 | Economy | This low inflation incentivized the economy by providing inputs at a much lower price | Sri Lanka GDP grows 5.3-pct in first quarter of 2024 amid monetary stability This low inflation incentivized the economy by providing inputs at a much lower price | NEGATIVE | Banks |
Sri Lanka's NPP notes five-point crisis for economic growth sans details | 14-Jun-24 | Politics | "We must first understand the crisis. | Sri Lanka's NPP notes five-point crisis for economic growth sans details "We must first understand the crisis. | NEGATIVE | Commercial & Professional Services |
Sri Lanka diaspora fund online learning platform to provide education for all ages | 14-Jun-24 | Education | Operated by Regent Global, it has been funded by the Sri Lankan diaspora in the UK. | Sri Lanka diaspora fund online learning platform to provide education for all ages Operated by Regent Global, it has been funded by the Sri Lankan diaspora in the UK. | POSITIVE | Commercial & Professional Services |
Indian FM Jaishankar to visit Sri Lanka this month, to review agreed projects | 14-Jun-24 | International Relations | India has been in the process of strengthening connectivity with Sri Lanka | Indian FM Jaishankar to visit Sri Lanka this month, to review agreed projects India has been in the process of strengthening connectivity with Sri Lanka | POSITIVE | Commercial & Professional Services |
Sri Lanka rupee closes weaker at 304.00/15 to US dollar | 14-Jun-24 | Bonds & Forex | Bond yields were broadly stable. | Sri Lanka rupee closes weaker at 304.00/15 to US dollar Bond yields were broadly stable. | POSITIVE | Banks |
Sri Lanka stocks close down, Hayles Fabric, Dipped Products sees interest | 14-Jun-24 | Stocks & Companies | Turnover was 1.2 billion. A large part of this came from capital goods stocks (Rs467mn). | Sri Lanka stocks close down, Hayles Fabric, Dipped Products sees interest Turnover was 1.2 billion. A large part of this came from capital goods stocks (Rs467mn). | NEGATIVE | Capital Goods |
Sri Lanka's JAT binder plant looks to export excess product | 14-Jun-24 | Business | Potential for exporting excess production of binders, foundational component of wood coatings, emulsion paint | Sri Lanka's JAT binder plant looks to export excess product Potential for exporting excess production of binders, foundational component of wood coatings, emulsion paint | NEGATIVE | Materials |
US welcomes IMF approval of Sri Lanka's second review | 14-Jun-24 | Politics | "Sri Lanka's leaders to stay committed to take needed measures that ensure accountability." | US welcomes IMF approval of Sri Lanka's second review "Sri Lanka's leaders to stay committed to take needed measures that ensure accountability." | POSITIVE | Banks |
Sri Lanka to tax imaginary rents on houses under IMF deal | 14-Jun-24 | Economy | A nationwide digital Sales Price and Rents Register (SPRR) is to be set up by March 2025 | Sri Lanka to tax imaginary rents on houses under IMF deal A nationwide digital Sales Price and Rents Register (SPRR) is to be set up by March 2025 | NEGATIVE | Banks |
Sri Lanka, China hold bilateral consultation in Beijing; policies to be reviewed | 14-Jun-24 | International Relations | Sri Lanka has banned Chinese research ships coming for research purposes after Indian protests | Sri Lanka, China hold bilateral consultation in Beijing; policies to be reviewed Sri Lanka has banned Chinese research ships coming for research purposes after Indian protests | NEGATIVE | Commercial & Professional Services |
Sri Lanka's Sling solar-powered EV battery project wins US award | 14-Jun-24 | Energy | USAID-funded EV battery subscription service wins award at Society for International Development conference | Sri Lanka's Sling solar-powered EV battery project wins US award USAID-funded EV battery subscription service wins award at Society for International Development conference | POSITIVE | Automobiles & Components |
Sri Lanka rupee trades weaker at 303.90/304.05 to US dollar | 14-Jun-24 | Bonds & Forex | Bond yields were broadly stable, stocks down | Sri Lanka rupee trades weaker at 303.90/304.05 to US dollar Bond yields were broadly stable, stocks down | NEGATIVE | Banks |
Sri Lanka to revise SDP Act with rules-based exemptions | 14-Jun-24 | Economy | Rules-based eligibility criteria for granting time-bound incentives to Parliament by end-February 2025 | Sri Lanka to revise SDP Act with rules-based exemptions Rules-based eligibility criteria for granting time-bound incentives to Parliament by end-February 2025 | NEGATIVE | Banks |
Sri Lanka car import relaxation full plan by June 15: IMF report | 14-Jun-24 | Economy | A detailed plan, including the implications on tax and reserve accumulations, will be finalized by June 15 | Sri Lanka car import relaxation full plan by June 15: IMF report A detailed plan, including the implications on tax and reserve accumulations, will be finalized by June 15 | POSITIVE | Automobiles & Components |
IMF says suspension of Sri Lanka parate execution should be ended ASAP | 14-Jun-24 | Banking | Bad loans spiked after a currency crises, triggering auctioning of collateral | IMF says suspension of Sri Lanka parate execution should be ended ASAP Bad loans spiked after a currency crises, triggering auctioning of collateral | NEGATIVE | Banks |