dilkasithari-IT/sri_lankan_news_article_data

Headline stringlengths 41 96	Date stringclasses 27 values	Related Field stringclasses 43 values	News Description stringlengths 1 120	combined_text stringlengths 56 215	sentiment stringclasses 2 values	Industry stringclasses 15 values
India funds Sri Lanka smart classroom project in estates	10-Jul-24	Education	"The Indian Government is helping us financially to develop the quality of education	India funds Sri Lanka smart classroom project in estates "The Indian Government is helping us financially to develop the quality of education	POSITIVE	Commercial & Professional Services
Sri Lanka rupee closes stronger at 303.63/72 to US dollar	10-Jul-24	Bonds & Forex	Bond yields were down.	Sri Lanka rupee closes stronger at 303.63/72 to US dollar Bond yields were down.	NEGATIVE	Banks
Sri Lanka stocks close up, sentiment remains muted	10-Jul-24	Stocks & Companies	Turnover was 801 million.	Sri Lanka stocks close up, sentiment remains muted Turnover was 801 million.	NEGATIVE	Banks
Sri Lanka Treasury bill yields begin to fall	10-Jul-24	Bonds & Forex	The 3-month yield fell 16bp to 9.91-pct	Sri Lanka Treasury bill yields begin to fall The 3-month yield fell 16bp to 9.91-pct	NEGATIVE	Banks
Sri Lanka president thanks state employees who turned up for work during strike	10-Jul-24	Politics	"I want to thank the non-executive government employees who reported for duty on July 8 and 9."	Sri Lanka president thanks state employees who turned up for work during strike "I want to thank the non-executive government employees who reported for duty on July 8 and 9."	POSITIVE	Commercial & Professional Services
Sri Lanka to decide on vehicle import liberalization in Aug second week	10-Jul-24	Autos	Public transport vehicles, goods transport vehicles, and private vehicles will be imported under the regulations.	Sri Lanka to decide on vehicle import liberalization in Aug second week Public transport vehicles, goods transport vehicles, and private vehicles will be imported under the regulations.	NEGATIVE	Automobiles & Components
Dissident Sri Lanka ruling party group to back main opposition SJB: MP	10-Jul-24	Politics	"Our talks with the main opposition SJB have been very successful."	Dissident Sri Lanka ruling party group to back main opposition SJB: MP "Our talks with the main opposition SJB have been very successful."	POSITIVE	Commercial & Professional Services
Sri Lanka lawmaking process deficient, avenue for public consultation vital: legislator	10-Jul-24	Economy	Professor Samarajiva made some very good proposals. The Supreme Court in it determination has agreed to these views	Sri Lanka lawmaking process deficient, avenue for public consultation vital: legislator Professor Samarajiva made some very good proposals. The Supreme Court in it determination has agreed to these views	POSITIVE	Commercial & Professional Services
Sri Lanka to revive senior citizen interest subsidies?	10-Jul-24	Economy	Bank interest rates need to be kept low. However, lower interest rates can disadvantage pensioners,	Sri Lanka to revive senior citizen interest subsidies? Bank interest rates need to be kept low. However, lower interest rates can disadvantage pensioners,	NEGATIVE	Banks
South Africa earthquake has no threat of Indian Ocean tsunami : Update II	10-Jul-24	Environment	.	South Africa earthquake has no threat of Indian Ocean tsunami : Update II .	POSITIVE	Commercial & Professional Services
Sri Lanka rupee opens weaker at 303.60/75 to US dollar	10-Jul-24	Bonds & Forex	Bond yields were broadly steady, and stocks opened 0.41 percent up, dealers said.	Sri Lanka rupee opens weaker at 303.60/75 to US dollar Bond yields were broadly steady, and stocks opened 0.41 percent up, dealers said.	POSITIVE	Banks
Sri Lanka in talks with UN body, ISBA over Cobalt-rich crust in Bay of Bengal amid Indian claim	10-Jul-24	EXPLORATION	Sri Lanka's claim for seamount is on hold after Indian request: Foreign Ministry	Sri Lanka in talks with UN body, ISBA over Cobalt-rich crust in Bay of Bengal amid Indian claim Sri Lanka's claim for seamount is on hold after Indian request: Foreign Ministry	NEGATIVE	Materials
Sri Lanka passes changes telecom law, allowing Starlink to be licensed	10-Jul-24	ICT	The new law will also provide a framework for to license and regulate cable landing stations	Sri Lanka passes changes telecom law, allowing Starlink to be licensed The new law will also provide a framework for to license and regulate cable landing stations	POSITIVE	Telecommunication Services
Sri Lanka's WealthTrust Securities rated A- with stable outlook by LRA	10-Jul-24	Economy	The company a Capital Adequacy of 43.01-pct far exceeding the statutory requirement of 10-pct	Sri Lanka's WealthTrust Securities rated A- with stable outlook by LRA The company a Capital Adequacy of 43.01-pct far exceeding the statutory requirement of 10-pct	POSITIVE	Banks
Sri Lanka discussing US$100mn in financing from OPEC Fund	9-Jul-24	Economy	.The 100 million will go to support a project linked to Sri Lanka's Mahaweli River	Sri Lanka discussing US$100mn in financing from OPEC Fund .The 100 million will go to support a project linked to Sri Lanka's Mahaweli River	POSITIVE	Banks
Sri Lanka to reward public sector officials who did not strike	9-Jul-24	Economy	They will also be issued a commendation certificate for future promotions,	Sri Lanka to reward public sector officials who did not strike They will also be issued a commendation certificate for future promotions,	POSITIVE	Commercial & Professional Services
Sri Lanka rupee closes stronger at 303.90/304.50 to US dollar	9-Jul-24	Bonds & Forex	Bond yields were broadly steady.	Sri Lanka rupee closes stronger at 303.90/304.50 to US dollar Bond yields were broadly steady.	POSITIVE	Banks
Sri Lanka to bring in 14 previously untaxed sectors into direct tax net: state minister	9-Jul-24	Economy	The Inland Revenue Department (IRD) has studied the income of persons engaged in the 14 sectors, said Siyambalapitiya.	Sri Lanka to bring in 14 previously untaxed sectors into direct tax net: state minister The Inland Revenue Department (IRD) has studied the income of persons engaged in the 14 sectors, said Siyambalapitiya.	POSITIVE	Banks
Sri Lanka stocks close down, activity remains low	9-Jul-24	Markets	"Investors were not active and the turnover remained one of the lowest this year."	Sri Lanka stocks close down, activity remains low "Investors were not active and the turnover remained one of the lowest this year."	NEGATIVE	Banks
Turkish naval ship to conduct passage exercise with Sri Lanka Navy	9-Jul-24	Defence	TCG Kinaliada will engage in a passage exercise (PASSEX) with a Sri Lanka Navy ship in Colombo seas	Turkish naval ship to conduct passage exercise with Sri Lanka Navy TCG Kinaliada will engage in a passage exercise (PASSEX) with a Sri Lanka Navy ship in Colombo seas	NEGATIVE	Transportation
Karu Jayasuriya appointed Chair of Sri Lanka's Former Parliamentarians’ Caucus	9-Jul-24	Politics	ayasuriya's appointment was made unanimously at the first meeting of the caucus, parliament said.	Karu Jayasuriya appointed Chair of Sri Lanka's Former Parliamentarians’ Caucus ayasuriya's appointment was made unanimously at the first meeting of the caucus, parliament said.	POSITIVE	Commercial & Professional Services
Shanmugam Kugathasan sworn in as new MP in Sri Lanka parliament	9-Jul-24	Politics	He was sworn in before Speaker Mahinda Yapa Abeywardena in parliament Tuesday July 09 morning.	Shanmugam Kugathasan sworn in as new MP in Sri Lanka parliament He was sworn in before Speaker Mahinda Yapa Abeywardena in parliament Tuesday July 09 morning.	POSITIVE	Commercial & Professional Services
Sri Lanka teacher salary hike, graduates drive up wage bill in 2023 as other sectors fall	9-Jul-24	Economy	.	Sri Lanka teacher salary hike, graduates drive up wage bill in 2023 as other sectors fall .	NEGATIVE	Commercial & Professional Services
Sri Lanka opposition leader bats for teacher jobs for unemployed graduates	9-Jul-24	Education	"Just because they are graduates, they can't be made teachers,"	Sri Lanka opposition leader bats for teacher jobs for unemployed graduates "Just because they are graduates, they can't be made teachers,"	NEGATIVE	Commercial & Professional Services
Sri Lanka rupee opens stronger at 304.20/35 to US dollar	9-Jul-24	Markets	Bond yields were flat, stocks were down	Sri Lanka rupee opens stronger at 304.20/35 to US dollar Bond yields were flat, stocks were down	NEGATIVE	Banks
Sri Lanka will need Rs275bn to give Rs20,000 pay hike to state workers, hike VAT 4-pct: Minister	9-Jul-24	Economy	Import duties may have to be hiked 42-pct	Sri Lanka will need Rs275bn to give Rs20,000 pay hike to state workers, hike VAT 4-pct: Minister Import duties may have to be hiked 42-pct	NEGATIVE	Banks
Sri Lanka cabinet nod for India-funded ID card project; proposal sent to Indian HC: State Min	8-Jul-24	Data Protection	The project has been long dragged due to data breach concerns	Sri Lanka cabinet nod for India-funded ID card project; proposal sent to Indian HC: State Min The project has been long dragged due to data breach concerns	NEGATIVE	Commercial & Professional Services
Sri Lanka govt to amend to TRC Act to accommodate Elon Musk’s Starlink	8-Jul-24	Information Technology	Sri Lanka has aimed for a $15 billion from digital economy by 2030	Sri Lanka govt to amend to TRC Act to accommodate Elon Musk’s Starlink Sri Lanka has aimed for a $15 billion from digital economy by 2030	NEGATIVE	Telecommunication Services
Sri Lanka public transport to get e-ticketing by end-2024: Official	8-Jul-24	Autos	Electronic ticketing system for public transport services, including trains, will be introduced before the end of year	Sri Lanka public transport to get e-ticketing by end-2024: Official Electronic ticketing system for public transport services, including trains, will be introduced before the end of year	NEGATIVE	Transportation
Sri Lanka rupee closes stronger at 304.35/50 to US dollar	8-Jul-24	Bonds & Forex	"Bond market was quiet"	Sri Lanka rupee closes stronger at 304.35/50 to US dollar "Bond market was quiet"	NEGATIVE	Banks
Sri Lanka stocks close down, Hemas and Sampath push turnover	8-Jul-24	Stocks & Companies	Two crossings on Hemas Holdings Plc (Rs125mn), and Sampath Bank Plc (Rs113mn) contributed to the Rs657mn turnover	Sri Lanka stocks close down, Hemas and Sampath push turnover Two crossings on Hemas Holdings Plc (Rs125mn), and Sampath Bank Plc (Rs113mn) contributed to the Rs657mn turnover	NEGATIVE	Banks
Eight parties qualify to bid for Sri Lanka's Litro Gas	8-Jul-24	Economy	.	Eight parties qualify to bid for Sri Lanka's Litro Gas .	POSITIVE	Energy
Sri Lanka Supreme Court dismisses petition on presidential election: report	8-Jul-24	Politics	A five-judge bench delivered the verdict on the petition Monday July 08 afternoon.	Sri Lanka Supreme Court dismisses petition on presidential election: report A five-judge bench delivered the verdict on the petition Monday July 08 afternoon.	NEGATIVE	Commercial & Professional Services
Land, truth & reconciliation commission bills ready for parliament: president	8-Jul-24	Politics	"Other powers can be discussed later," he said.	Land, truth & reconciliation commission bills ready for parliament: president "Other powers can be discussed later," he said.	NEGATIVE	Commercial & Professional Services
Sri Lanka Pediatricians urge caution on reporting traumatic incidents related to children	8-Jul-24	Human Rights	"In addition, does the media have a right to disrespect the next of kin who are trying to grapple with a huge problem?"	Sri Lanka Pediatricians urge caution on reporting traumatic incidents related to children "In addition, does the media have a right to disrespect the next of kin who are trying to grapple with a huge problem?"	NEGATIVE	Health Care Equipment & Services
Sri Lanka presidential election will be held in 2024 despite legal challenges: president	8-Jul-24	Politics	Parliamentary elections and provincial councils will follow the presidential poll, he said.	Sri Lanka presidential election will be held in 2024 despite legal challenges: president Parliamentary elections and provincial councils will follow the presidential poll, he said.	POSITIVE	Commercial & Professional Services
Sri Lanka central bank extends deadline for updating depositor unique identification number	8-Jul-24	Banking	Unique identification numbers for depositors of licensed banks and licensed finance companies	Sri Lanka central bank extends deadline for updating depositor unique identification number Unique identification numbers for depositors of licensed banks and licensed finance companies	POSITIVE	Banks
Sri Lanka leader hands over India-funded smart classrooms ahead of election	8-Jul-24	Education	The project aims at equipping 200 schools in the Province with necessary digital tools.	Sri Lanka leader hands over India-funded smart classrooms ahead of election The project aims at equipping 200 schools in the Province with necessary digital tools.	POSITIVE	Commercial & Professional Services
Surprise defeat for far-right in France in Macron's snap election gambit	8-Jul-24	Politics	A left-wing alliance led by Jean-Luc Melenchon is projected to have secured 171-187 seats.	Surprise defeat for far-right in France in Macron's snap election gambit A left-wing alliance led by Jean-Luc Melenchon is projected to have secured 171-187 seats.	NEGATIVE	Commercial & Professional Services
South Asian collective urges action on high levels of sexual violence in the region	8-Jul-24	Gender Issues	Collective action is needed to tackle sexual violence in South Asia	South Asian collective urges action on high levels of sexual violence in the region Collective action is needed to tackle sexual violence in South Asia	NEGATIVE	Commercial & Professional Services
Sri Lanka’s Commercial Bank raises Rs35.9bn through debenture issue	8-Jul-24	Stocks & Companies	The goal was to raise 20 billion rupees	Sri Lanka’s Commercial Bank raises Rs35.9bn through debenture issue The goal was to raise 20 billion rupees	NEGATIVE	Banks
Sri Lanka rupee opens flat at 304.50/65 to US dollar	8-Jul-24	Markets	Bond yields steady, stocks up	Sri Lanka rupee opens flat at 304.50/65 to US dollar Bond yields steady, stocks up	NEGATIVE	Banks
Sri Lanka passport issues fall, labour migration still strong	8-Jul-24	Economy	Departures for foreign work in the first quater was 85,175 persons, up from 76,024	Sri Lanka passport issues fall, labour migration still strong Departures for foreign work in the first quater was 85,175 persons, up from 76,024	NEGATIVE	Commercial & Professional Services
Sri Lanka people cannot bear another VAT hike to increase state salaries twice: President	7-Jul-24	Economy	I raised VAT to 18 percent and faced the criticism of the public to pay the salaries	Sri Lanka people cannot bear another VAT hike to increase state salaries twice: President I raised VAT to 18 percent and faced the criticism of the public to pay the salaries	NEGATIVE	Banks
Sri Lanka engaging with local banks on sovereign bonds restructure	7-Jul-24	Banking	About 15 percent of the sovereign bonds outstanding are held with private local banks	Sri Lanka engaging with local banks on sovereign bonds restructure About 15 percent of the sovereign bonds outstanding are held with private local banks	NEGATIVE	Banks
Foreign investment needed for Sri Lanka banks to thrive: President	6-Jul-24	Economy	Wickremesinghe said efforts have been made to reduce the loan repayment by 8 billion dollars over a period of four years	Foreign investment needed for Sri Lanka banks to thrive: President Wickremesinghe said efforts have been made to reduce the loan repayment by 8 billion dollars over a period of four years	NEGATIVE	Banks
Sri Lanka’s 2024 first half tourism revenue surpasses $1.5 bn with 78-pct rise	6-Jul-24	Tourism	Tourism revenue, arrival numbers have been on the rise amid recovery in crisis-hit economy	Sri Lanka’s 2024 first half tourism revenue surpasses $1.5 bn with 78-pct rise Tourism revenue, arrival numbers have been on the rise amid recovery in crisis-hit economy	POSITIVE	Consumer Services
Sri Lanka 2024 first half remittances rise 11.4-pct, surpass $3.1 bn	6-Jul-24	Economy	Sri Lanka has been sending more workers abroad to earn higher foreign exchange after bankruptcy	Sri Lanka 2024 first half remittances rise 11.4-pct, surpass $3.1 bn Sri Lanka has been sending more workers abroad to earn higher foreign exchange after bankruptcy	POSITIVE	Banks
Sri Lanka says 1.3mn register for tax number in June, targets 7.4mn	6-Jul-24	Economic Crisis	2.3 million people have got Taxpayer Identification Number (TIN)	Sri Lanka says 1.3mn register for tax number in June, targets 7.4mn 2.3 million people have got Taxpayer Identification Number (TIN)	NEGATIVE	Banks
Sri Lanka in talks for US$25 mn German technical university: State Minister	6-Jul-24	Education	Sri Lanka has been eyeing for more foreign investment into tertiary education sector	Sri Lanka in talks for US$25 mn German technical university: State Minister Sri Lanka has been eyeing for more foreign investment into tertiary education sector	NEGATIVE	Commercial & Professional Services
Sri Lanka SIS warned not to grant wage hike for protesting University staff: State Minister	5-Jul-24	Economic Crisis	Non-academic staff at state universities have been protesting for 65 days demanding wage hike	Sri Lanka SIS warned not to grant wage hike for protesting University staff: State Minister Non-academic staff at state universities have been protesting for 65 days demanding wage hike	NEGATIVE	Commercial & Professional Services
EXPLAINER: Impact of Labour-led UK government on Sri Lanka	5-Jul-24	International Relations	Sri Lanka was under the British colonial rule for 150 years through 1948 independence	EXPLAINER: Impact of Labour-led UK government on Sri Lanka Sri Lanka was under the British colonial rule for 150 years through 1948 independence	POSITIVE	Commercial & Professional Services
Sri Lanka foreign reserves rise to $5642mn June after IMF loan	5-Jul-24	Economy	The IMF approved US$336 mn equivalent tranche for Sri Lanka in June	Sri Lanka foreign reserves rise to $5642mn June after IMF loan The IMF approved US$336 mn equivalent tranche for Sri Lanka in June	NEGATIVE	Banks
Global Environment Facility funds chemical disposal project in Sri Lanka	5-Jul-24	General Industry	GEF grants USD5mn to Ministry of Environment and UNDP to implement project on chemical disposal	Global Environment Facility funds chemical disposal project in Sri Lanka GEF grants USD5mn to Ministry of Environment and UNDP to implement project on chemical disposal	NEGATIVE	Materials
Sri Lanka stocks close up, turnover remains low	5-Jul-24	Stocks & Companies	Turnover was low at 472 million.	Sri Lanka stocks close up, turnover remains low Turnover was low at 472 million.	NEGATIVE	Banks
Sri Lanka rupee closes stronger at 304.45/75 to US dollar	5-Jul-24	Bonds & Forex	Bond yields stable	Sri Lanka rupee closes stronger at 304.45/75 to US dollar Bond yields stable	POSITIVE	Banks
Sri Lanka invites Israel farmers to visit island and recruit workers	5-Jul-24	Employment	Israel unhappy with unskilled workers sent to agriculture sector, Sri Lanka to monitor social media of future hires	Sri Lanka invites Israel farmers to visit island and recruit workers Israel unhappy with unskilled workers sent to agriculture sector, Sri Lanka to monitor social media of future hires	NEGATIVE	Food, Beverage & Tobacco
Sri Lanka's Dhammika Perera ready to enter presidential race but says SLPP must decide	5-Jul-24	Politics	Perera said 44 percent of the country have yet to decide whom to vote for.	Sri Lanka's Dhammika Perera ready to enter presidential race but says SLPP must decide Perera said 44 percent of the country have yet to decide whom to vote for.	NEGATIVE	Commercial & Professional Services
Sri Lanka coconut prices down 4.6-pct at auction	5-Jul-24	Agriculture	Prices fall after seven weeks of gains	Sri Lanka coconut prices down 4.6-pct at auction Prices fall after seven weeks of gains	NEGATIVE	Food, Beverage & Tobacco
Sri Lanka rupee opens weaker at 304.90/305.20 to US dollar	5-Jul-24	Bonds & Forex	Bonds steady, stocks up	Sri Lanka rupee opens weaker at 304.90/305.20 to US dollar Bonds steady, stocks up	NEGATIVE	Banks
Sri Lanka bondholder deal gives NPV benefit of 40-pct, 27-pct in upside: FinMin	5-Jul-24	Economy	Discount rate 11-pct	Sri Lanka bondholder deal gives NPV benefit of 40-pct, 27-pct in upside: FinMin Discount rate 11-pct	POSITIVE	Banks
IMF awaiting more information for final sign-off on Sri Lanka bondholder deal	5-Jul-24	Economy	.	IMF awaiting more information for final sign-off on Sri Lanka bondholder deal .	NEGATIVE	Banks
Majority of Sri Lanka’s ruling coalition backs Wickremesinghe for presidency: legislator	4-Jul-24	Politics	SLPP is facing an imminent split in backing President Wickremesinghe for next presidency: analysts	Majority of Sri Lanka’s ruling coalition backs Wickremesinghe for presidency: legislator SLPP is facing an imminent split in backing President Wickremesinghe for next presidency: analysts	NEGATIVE	Commercial & Professional Services
Sri Lanka's Colombo Port, US Virginia Port to collaborate	4-Jul-24	Trade	Agreement covers information sharing, cooperation on general logistics, exchange of technical expertise, dispute settlem	Sri Lanka's Colombo Port, US Virginia Port to collaborate Agreement covers information sharing, cooperation on general logistics, exchange of technical expertise, dispute settlem	POSITIVE	Transportation
Sri Lanka Customs strike will affect SMEs mostly: JAAFSL, SLSC	4-Jul-24	Apparel	Sri Lanka Shippers’ Council and Joint Apparel Association Forum say small players affected	Sri Lanka Customs strike will affect SMEs mostly: JAAFSL, SLSC Sri Lanka Shippers’ Council and Joint Apparel Association Forum say small players affected	NEGATIVE	Commercial & Professional Services
Sri Lanka rupee closes weaker at 304.60/80 to US dollar	4-Jul-24	Bonds & Forex	Bond yields broadly steady	Sri Lanka rupee closes weaker at 304.60/80 to US dollar Bond yields broadly steady	POSITIVE	Banks
Sri Lanka stocks close down, foreign inflows account for 50-pct of turnover	4-Jul-24	Stocks & Companies	Turnover was 1.9 million. A large part of this was from foreign buying. There was a net foreign inflow of 972 million.	Sri Lanka stocks close down, foreign inflows account for 50-pct of turnover Turnover was 1.9 million. A large part of this was from foreign buying. There was a net foreign inflow of 972 million.	NEGATIVE	Banks
Sri Lanka’s Cable Solutions IPO offers 80mn voting shares	4-Jul-24	Business	The company will host a virtual investor forum on July 9, ahead of the IPO.	Sri Lanka’s Cable Solutions IPO offers 80mn voting shares The company will host a virtual investor forum on July 9, ahead of the IPO.	POSITIVE	Capital Goods
Sri Lanka opposition parties maintained notable lead in opinion survey for May	4-Jul-24	Politics	Support for the SJB remained unchanged at 34 percent.	Sri Lanka opposition parties maintained notable lead in opinion survey for May Support for the SJB remained unchanged at 34 percent.	NEGATIVE	Commercial & Professional Services
EXPLAINER: FR petition to prevent calling presidential poll in Sri Lanka	4-Jul-24	Politics	Presidential elections are expected to be held between September 17 and October 16	EXPLAINER: FR petition to prevent calling presidential poll in Sri Lanka Presidential elections are expected to be held between September 17 and October 16	NEGATIVE	Commercial & Professional Services
Wickremesinghe disavows Supreme Court case seeking verdict on Sri Lanka president's term	4-Jul-24	Politics	"I firmly believe that the President’s term is five years," he said.	Wickremesinghe disavows Supreme Court case seeking verdict on Sri Lanka president's term "I firmly believe that the President’s term is five years," he said.	NEGATIVE	Commercial & Professional Services
China minister discusses cooperation with Customs, increasing exports	4-Jul-24	Agriculture	"China's readiness to cooperate with the Sri Lanka Customs Department in developing enhanced security and cooperation	China minister discusses cooperation with Customs, increasing exports "China's readiness to cooperate with the Sri Lanka Customs Department in developing enhanced security and cooperation	POSITIVE	Commercial & Professional Services
Support for Sri Lanka president grew in May but remained far behind rivals: poll	4-Jul-24	Politics	Support for his rivals remained significantly higher at just under 40 percent for each.	Support for Sri Lanka president grew in May but remained far behind rivals: poll Support for his rivals remained significantly higher at just under 40 percent for each.	NEGATIVE	Commercial & Professional Services
Sri Lanka bondholder deal: hair cuts, coupons, GDP-link, too much or too little?	4-Jul-24	Bellwether	Deeper haircuts are not a guarantee against future defaults	Sri Lanka bondholder deal: hair cuts, coupons, GDP-link, too much or too little? Deeper haircuts are not a guarantee against future defaults	NEGATIVE	Banks
Switzerland’s GTEX2 phase II to boost Sri Lanka apparel SMEs	4-Jul-24	Apparel	Increase export competitiveness of SMEs in the textile and clothing value chain through technical assistance project	Switzerland’s GTEX2 phase II to boost Sri Lanka apparel SMEs Increase export competitiveness of SMEs in the textile and clothing value chain through technical assistance project	POSITIVE	Consumer Durables & Apparel
Sri Lanka rupee opens weaker at 304.50/70 to US dollar	4-Jul-24	Bonds & Forex	Bonds steady, stocks up	Sri Lanka rupee opens weaker at 304.50/70 to US dollar Bonds steady, stocks up	NEGATIVE	Banks
Talks on resuming Japan funded Sri Lanka airport terminal next week: Minister	4-Jul-24	Aviation	Key benefit of finishing OCC restructuring is re-starting stalled projects	Talks on resuming Japan funded Sri Lanka airport terminal next week: Minister Key benefit of finishing OCC restructuring is re-starting stalled projects	NEGATIVE	Transportation
Sri Lanka bondholders agree on 28-pct hair cut; GDP-gains capped at 15-pct	4-Jul-24	Economy	Also leaves room for ESG bond	Sri Lanka bondholders agree on 28-pct hair cut; GDP-gains capped at 15-pct Also leaves room for ESG bond	NEGATIVE	Banks
Sri Lanka port trade unions oppose increase in female gantry operators: Minister	3-Jul-24	Employment	Unions have protested the increase of female gantry crane operators	Sri Lanka port trade unions oppose increase in female gantry operators: Minister Unions have protested the increase of female gantry crane operators	NEGATIVE	Transportation
Sri Lanka's teachers must be disciplined: President	3-Jul-24	Education	"Education in a country cannot be maintained without discipline"	Sri Lanka's teachers must be disciplined: President "Education in a country cannot be maintained without discipline"	NEGATIVE	Commercial & Professional Services
Sri Lanka to go ahead with Russian firm to operate Mattala airport despite US advice	3-Jul-24	Aviation	Mattala airport was built by China and was earlier offered to India	Sri Lanka to go ahead with Russian firm to operate Mattala airport despite US advice Mattala airport was built by China and was earlier offered to India	NEGATIVE	Transportation
Sri Lanka rupee closes weaker at 304.20/50 to US dollar	3-Jul-24	Bonds & Forex	Bond yields were down	Sri Lanka rupee closes weaker at 304.20/50 to US dollar Bond yields were down	NEGATIVE	Banks
Sri Lanka stocks close down, Windforce sees foreign buying	3-Jul-24	Bonds & Forex	Turnover was 1.5 billion.	Sri Lanka stocks close down, Windforce sees foreign buying Turnover was 1.5 billion.	NEGATIVE	Banks
SriLankan Airlines bidders being further evaluated: Minister	3-Jul-24	Aviation	Sri Lanka "would like to see a Sri Lankan entrepreneur or consortium" buying into the airline	SriLankan Airlines bidders being further evaluated: Minister Sri Lanka "would like to see a Sri Lankan entrepreneur or consortium" buying into the airline	NEGATIVE	Transportation
Sri Lanka Treasuries yields steady across maturities	3-Jul-24	Bonds & Forex	175 billion rupees sold of the offered 190.	Sri Lanka Treasuries yields steady across maturities 175 billion rupees sold of the offered 190.	POSITIVE	Banks
LIOC begins retailing 100 octane petrol in Sri Lanka	3-Jul-24	Petroleum	The price per liter is 793 rupees.	LIOC begins retailing 100 octane petrol in Sri Lanka The price per liter is 793 rupees.	NEGATIVE	Energy
Sri Lanka’s election laws still in force as LG polls not finished: EC	3-Jul-24	Legal	Sri Lanka is yet to hold LG polls declared in January last year	Sri Lanka’s election laws still in force as LG polls not finished: EC Sri Lanka is yet to hold LG polls declared in January last year	NEGATIVE	Commercial & Professional Services
Sri Lanka to enlist help of army, navy for deep-sea diving tourists	3-Jul-24	Defence	National Shipwreck Database lists 114 shipwrecks	Sri Lanka to enlist help of army, navy for deep-sea diving tourists National Shipwreck Database lists 114 shipwrecks	NEGATIVE	Consumer Services
Sri Lanka rupee opens stronger at 303.00/50 to US dollar	3-Jul-24	Markets	Bond yields steady, stocks up	Sri Lanka rupee opens stronger at 303.00/50 to US dollar Bond yields steady, stocks up	POSITIVE	Banks
Sri Lanka, Japan discuss resuming stalled projects under yen loans	3-Jul-24	Economy	Opportunities for increasing Japanese investment and expanding employment prospects for Sri Lankans	Sri Lanka, Japan discuss resuming stalled projects under yen loans Opportunities for increasing Japanese investment and expanding employment prospects for Sri Lankans	POSITIVE	Banks
Sri Lanka CPC oil imports, sales, fall with entry of new players	3-Jul-24	Energy	CPC oil imports fell to US$647mn to April 2024 from US$828.4mn last year	Sri Lanka CPC oil imports, sales, fall with entry of new players CPC oil imports fell to US$647mn to April 2024 from US$828.4mn last year	NEGATIVE	Energy
EXPLAINER: Sri Lanka’s deal on debt restructuring with bilateral creditors	2-Jul-24	Debt Restructuring	Sri Lanka's bilateral debt restructuring deal will gradually help people, not immediately	EXPLAINER: Sri Lanka’s deal on debt restructuring with bilateral creditors Sri Lanka's bilateral debt restructuring deal will gradually help people, not immediately	POSITIVE	Banks
Sri Lanka’s bilateral debt restructuring deal concluded; admin issues remain: State FinMin	2-Jul-24	Debt Restructuring	Sri Lanka reached US$10 bn bilateral debt restructuring deal last week	Sri Lanka’s bilateral debt restructuring deal concluded; admin issues remain: State FinMin Sri Lanka reached US$10 bn bilateral debt restructuring deal last week	NEGATIVE	Banks
Sri Lanka stocks close up due to foreign buying interest	2-Jul-24	Stocks & Companies	Local retail segment remains cautious	Sri Lanka stocks close up due to foreign buying interest Local retail segment remains cautious	NEGATIVE	Banks
Bilateral creditors never reduce principal, only offer deferments: Sri Lanka president	2-Jul-24	Economy	Official bilateral creditors never reduce the principal on a loan, he said.	Bilateral creditors never reduce principal, only offer deferments: Sri Lanka president Official bilateral creditors never reduce the principal on a loan, he said.	NEGATIVE	Banks
Sri Lanka rupee closes stronger at 303.10/30 to US dollar	2-Jul-24	Bonds & Forex	Bond yields were broadly steady	Sri Lanka rupee closes stronger at 303.10/30 to US dollar Bond yields were broadly steady	POSITIVE	Banks
No ill-will between Sri Lanka president and ruling party, but views differ: Rajapaksa	2-Jul-24	Politics	"We're democratic. We do something after discussing it with everyone," he said.	No ill-will between Sri Lanka president and ruling party, but views differ: Rajapaksa "We're democratic. We do something after discussing it with everyone," he said.	POSITIVE	Commercial & Professional Services
Sri Lanka to get US$100mn from ADB on power reforms	2-Jul-24	Economy	The loan is the first part of a 300 million dollar program	Sri Lanka to get US$100mn from ADB on power reforms The loan is the first part of a 300 million dollar program	NEGATIVE	Utilities
President fact-checks viral social media post on Sri Lanka's external debt	2-Jul-24	Economy	"Some political groups are spreading false information about our foreign debt on social media."	President fact-checks viral social media post on Sri Lanka's external debt "Some political groups are spreading false information about our foreign debt on social media."	NEGATIVE	Banks
Sri Lanka cabinet approves new feed-in tariffs for renewables	2-Jul-24	Energy	.	Sri Lanka cabinet approves new feed-in tariffs for renewables .	POSITIVE	Utilities

India funds Sri Lanka smart classroom project in estates

10-Jul-24

Education

"The Indian Government is helping us financially to develop the quality of education

India funds Sri Lanka smart classroom project in estates "The Indian Government is helping us financially to develop the quality of education

POSITIVE

Commercial & Professional Services

Sri Lanka rupee closes stronger at 303.63/72 to US dollar

10-Jul-24

Bonds & Forex

Bond yields were down.

Sri Lanka rupee closes stronger at 303.63/72 to US dollar Bond yields were down.

NEGATIVE

Banks

Sri Lanka stocks close up, sentiment remains muted

10-Jul-24

Stocks & Companies

Turnover was 801 million.

Sri Lanka stocks close up, sentiment remains muted Turnover was 801 million.

NEGATIVE

Banks

Sri Lanka Treasury bill yields begin to fall

10-Jul-24

Bonds & Forex

The 3-month yield fell 16bp to 9.91-pct

Sri Lanka Treasury bill yields begin to fall The 3-month yield fell 16bp to 9.91-pct

NEGATIVE

Banks

Sri Lanka president thanks state employees who turned up for work during strike

10-Jul-24

Politics

"I want to thank the non-executive government employees who reported for duty on July 8 and 9."

Sri Lanka president thanks state employees who turned up for work during strike "I want to thank the non-executive government employees who reported for duty on July 8 and 9."

POSITIVE

Commercial & Professional Services

Sri Lanka to decide on vehicle import liberalization in Aug second week

10-Jul-24

Autos

Public transport vehicles, goods transport vehicles, and private vehicles will be imported under the regulations.

Sri Lanka to decide on vehicle import liberalization in Aug second week Public transport vehicles, goods transport vehicles, and private vehicles will be imported under the regulations.

NEGATIVE

Automobiles & Components

Dissident Sri Lanka ruling party group to back main opposition SJB: MP

10-Jul-24

Politics

"Our talks with the main opposition SJB have been very successful."

Dissident Sri Lanka ruling party group to back main opposition SJB: MP "Our talks with the main opposition SJB have been very successful."

POSITIVE

Commercial & Professional Services

Sri Lanka lawmaking process deficient, avenue for public consultation vital: legislator

10-Jul-24

Economy

Professor Samarajiva made some very good proposals. The Supreme Court in it determination has agreed to these views

Sri Lanka lawmaking process deficient, avenue for public consultation vital: legislator Professor Samarajiva made some very good proposals. The Supreme Court in it determination has agreed to these views

POSITIVE

Commercial & Professional Services

Sri Lanka to revive senior citizen interest subsidies?

10-Jul-24

Economy

Bank interest rates need to be kept low. However, lower interest rates can disadvantage pensioners,

Sri Lanka to revive senior citizen interest subsidies? Bank interest rates need to be kept low. However, lower interest rates can disadvantage pensioners,

NEGATIVE

Banks

South Africa earthquake has no threat of Indian Ocean tsunami : Update II

10-Jul-24

Environment

.

South Africa earthquake has no threat of Indian Ocean tsunami : Update II .

POSITIVE

Commercial & Professional Services

Sri Lanka rupee opens weaker at 303.60/75 to US dollar

10-Jul-24

Bonds & Forex

Bond yields were broadly steady, and stocks opened 0.41 percent up, dealers said.

Sri Lanka rupee opens weaker at 303.60/75 to US dollar Bond yields were broadly steady, and stocks opened 0.41 percent up, dealers said.

POSITIVE

Banks

Sri Lanka in talks with UN body, ISBA over Cobalt-rich crust in Bay of Bengal amid Indian claim

10-Jul-24

EXPLORATION

Sri Lanka's claim for seamount is on hold after Indian request: Foreign Ministry

Sri Lanka in talks with UN body, ISBA over Cobalt-rich crust in Bay of Bengal amid Indian claim Sri Lanka's claim for seamount is on hold after Indian request: Foreign Ministry

NEGATIVE

Materials

Sri Lanka passes changes telecom law, allowing Starlink to be licensed

10-Jul-24

ICT

The new law will also provide a framework for to license and regulate cable landing stations

Sri Lanka passes changes telecom law, allowing Starlink to be licensed The new law will also provide a framework for to license and regulate cable landing stations

POSITIVE

Telecommunication Services

Sri Lanka's WealthTrust Securities rated A- with stable outlook by LRA

10-Jul-24

Economy

The company a Capital Adequacy of 43.01-pct far exceeding the statutory requirement of 10-pct

Sri Lanka's WealthTrust Securities rated A- with stable outlook by LRA The company a Capital Adequacy of 43.01-pct far exceeding the statutory requirement of 10-pct

POSITIVE

Banks

Sri Lanka discussing US$100mn in financing from OPEC Fund

9-Jul-24

Economy

.The 100 million will go to support a project linked to Sri Lanka's Mahaweli River

Sri Lanka discussing US$100mn in financing from OPEC Fund .The 100 million will go to support a project linked to Sri Lanka's Mahaweli River

POSITIVE

Banks

Sri Lanka to reward public sector officials who did not strike

9-Jul-24

Economy

They will also be issued a commendation certificate for future promotions,

Sri Lanka to reward public sector officials who did not strike They will also be issued a commendation certificate for future promotions,

POSITIVE

Commercial & Professional Services

Sri Lanka rupee closes stronger at 303.90/304.50 to US dollar

9-Jul-24

Bonds & Forex

Bond yields were broadly steady.

Sri Lanka rupee closes stronger at 303.90/304.50 to US dollar Bond yields were broadly steady.

POSITIVE

Banks

Sri Lanka to bring in 14 previously untaxed sectors into direct tax net: state minister

9-Jul-24

Economy

The Inland Revenue Department (IRD) has studied the income of persons engaged in the 14 sectors, said Siyambalapitiya.

Sri Lanka to bring in 14 previously untaxed sectors into direct tax net: state minister The Inland Revenue Department (IRD) has studied the income of persons engaged in the 14 sectors, said Siyambalapitiya.

POSITIVE

Banks

Sri Lanka stocks close down, activity remains low

9-Jul-24

Markets

"Investors were not active and the turnover remained one of the lowest this year."

Sri Lanka stocks close down, activity remains low "Investors were not active and the turnover remained one of the lowest this year."

NEGATIVE

Banks

Turkish naval ship to conduct passage exercise with Sri Lanka Navy

9-Jul-24

Defence

TCG Kinaliada will engage in a passage exercise (PASSEX) with a Sri Lanka Navy ship in Colombo seas

Turkish naval ship to conduct passage exercise with Sri Lanka Navy TCG Kinaliada will engage in a passage exercise (PASSEX) with a Sri Lanka Navy ship in Colombo seas

NEGATIVE

Transportation

Karu Jayasuriya appointed Chair of Sri Lanka's Former Parliamentarians’ Caucus

9-Jul-24

Politics

ayasuriya's appointment was made unanimously at the first meeting of the caucus, parliament said.

Karu Jayasuriya appointed Chair of Sri Lanka's Former Parliamentarians’ Caucus ayasuriya's appointment was made unanimously at the first meeting of the caucus, parliament said.

POSITIVE

Commercial & Professional Services

Shanmugam Kugathasan sworn in as new MP in Sri Lanka parliament

9-Jul-24

Politics

He was sworn in before Speaker Mahinda Yapa Abeywardena in parliament Tuesday July 09 morning.

Shanmugam Kugathasan sworn in as new MP in Sri Lanka parliament He was sworn in before Speaker Mahinda Yapa Abeywardena in parliament Tuesday July 09 morning.

POSITIVE

Commercial & Professional Services

Sri Lanka teacher salary hike, graduates drive up wage bill in 2023 as other sectors fall

9-Jul-24

Economy

.

Sri Lanka teacher salary hike, graduates drive up wage bill in 2023 as other sectors fall .

NEGATIVE

Commercial & Professional Services

Sri Lanka opposition leader bats for teacher jobs for unemployed graduates

9-Jul-24

Education

"Just because they are graduates, they can't be made teachers,"

Sri Lanka opposition leader bats for teacher jobs for unemployed graduates "Just because they are graduates, they can't be made teachers,"

NEGATIVE

Commercial & Professional Services

Sri Lanka rupee opens stronger at 304.20/35 to US dollar

9-Jul-24

Markets

Bond yields were flat, stocks were down

Sri Lanka rupee opens stronger at 304.20/35 to US dollar Bond yields were flat, stocks were down

NEGATIVE

Banks

Sri Lanka will need Rs275bn to give Rs20,000 pay hike to state workers, hike VAT 4-pct: Minister

9-Jul-24

Economy

Import duties may have to be hiked 42-pct

Sri Lanka will need Rs275bn to give Rs20,000 pay hike to state workers, hike VAT 4-pct: Minister Import duties may have to be hiked 42-pct

NEGATIVE

Banks

Sri Lanka cabinet nod for India-funded ID card project; proposal sent to Indian HC: State Min

8-Jul-24

Data Protection

The project has been long dragged due to data breach concerns

Sri Lanka cabinet nod for India-funded ID card project; proposal sent to Indian HC: State Min The project has been long dragged due to data breach concerns

NEGATIVE

Commercial & Professional Services

Sri Lanka govt to amend to TRC Act to accommodate Elon Musk’s Starlink

8-Jul-24

Information Technology

Sri Lanka has aimed for a $15 billion from digital economy by 2030

Sri Lanka govt to amend to TRC Act to accommodate Elon Musk’s Starlink Sri Lanka has aimed for a $15 billion from digital economy by 2030

NEGATIVE

Telecommunication Services

Sri Lanka public transport to get e-ticketing by end-2024: Official

8-Jul-24

Autos

Electronic ticketing system for public transport services, including trains, will be introduced before the end of year

Sri Lanka public transport to get e-ticketing by end-2024: Official Electronic ticketing system for public transport services, including trains, will be introduced before the end of year

NEGATIVE

Transportation

Sri Lanka rupee closes stronger at 304.35/50 to US dollar

8-Jul-24

Bonds & Forex

"Bond market was quiet"

Sri Lanka rupee closes stronger at 304.35/50 to US dollar "Bond market was quiet"

NEGATIVE

Banks

Sri Lanka stocks close down, Hemas and Sampath push turnover

8-Jul-24

Stocks & Companies

Two crossings on Hemas Holdings Plc (Rs125mn), and Sampath Bank Plc (Rs113mn) contributed to the Rs657mn turnover

Sri Lanka stocks close down, Hemas and Sampath push turnover Two crossings on Hemas Holdings Plc (Rs125mn), and Sampath Bank Plc (Rs113mn) contributed to the Rs657mn turnover

NEGATIVE

Banks

Eight parties qualify to bid for Sri Lanka's Litro Gas

8-Jul-24

Economy

.

Eight parties qualify to bid for Sri Lanka's Litro Gas .

POSITIVE

Energy

Sri Lanka Supreme Court dismisses petition on presidential election: report

8-Jul-24

Politics

A five-judge bench delivered the verdict on the petition Monday July 08 afternoon.

Sri Lanka Supreme Court dismisses petition on presidential election: report A five-judge bench delivered the verdict on the petition Monday July 08 afternoon.

NEGATIVE

Commercial & Professional Services

Land, truth & reconciliation commission bills ready for parliament: president

8-Jul-24

Politics

"Other powers can be discussed later," he said.

Land, truth & reconciliation commission bills ready for parliament: president "Other powers can be discussed later," he said.

NEGATIVE

Commercial & Professional Services

Sri Lanka Pediatricians urge caution on reporting traumatic incidents related to children

8-Jul-24

Human Rights

"In addition, does the media have a right to disrespect the next of kin who are trying to grapple with a huge problem?"

Sri Lanka Pediatricians urge caution on reporting traumatic incidents related to children "In addition, does the media have a right to disrespect the next of kin who are trying to grapple with a huge problem?"

NEGATIVE

Health Care Equipment & Services

Sri Lanka presidential election will be held in 2024 despite legal challenges: president

8-Jul-24

Politics

Parliamentary elections and provincial councils will follow the presidential poll, he said.

Sri Lanka presidential election will be held in 2024 despite legal challenges: president Parliamentary elections and provincial councils will follow the presidential poll, he said.

POSITIVE

Commercial & Professional Services

Sri Lanka central bank extends deadline for updating depositor unique identification number

8-Jul-24

Banking

Unique identification numbers for depositors of licensed banks and licensed finance companies

Sri Lanka central bank extends deadline for updating depositor unique identification number Unique identification numbers for depositors of licensed banks and licensed finance companies

POSITIVE

Banks

Sri Lanka leader hands over India-funded smart classrooms ahead of election

8-Jul-24

Education

The project aims at equipping 200 schools in the Province with necessary digital tools.

Sri Lanka leader hands over India-funded smart classrooms ahead of election The project aims at equipping 200 schools in the Province with necessary digital tools.

POSITIVE

Commercial & Professional Services

Surprise defeat for far-right in France in Macron's snap election gambit

8-Jul-24

Politics

A left-wing alliance led by Jean-Luc Melenchon is projected to have secured 171-187 seats.

Surprise defeat for far-right in France in Macron's snap election gambit A left-wing alliance led by Jean-Luc Melenchon is projected to have secured 171-187 seats.

NEGATIVE

Commercial & Professional Services

South Asian collective urges action on high levels of sexual violence in the region

8-Jul-24

Gender Issues

Collective action is needed to tackle sexual violence in South Asia

South Asian collective urges action on high levels of sexual violence in the region Collective action is needed to tackle sexual violence in South Asia

NEGATIVE

Commercial & Professional Services

Sri Lanka’s Commercial Bank raises Rs35.9bn through debenture issue

8-Jul-24

Stocks & Companies

The goal was to raise 20 billion rupees

Sri Lanka’s Commercial Bank raises Rs35.9bn through debenture issue The goal was to raise 20 billion rupees

NEGATIVE

Banks

Sri Lanka rupee opens flat at 304.50/65 to US dollar

8-Jul-24

Markets

Bond yields steady, stocks up

Sri Lanka rupee opens flat at 304.50/65 to US dollar Bond yields steady, stocks up

NEGATIVE

Banks

Sri Lanka passport issues fall, labour migration still strong

8-Jul-24

Economy

Departures for foreign work in the first quater was 85,175 persons, up from 76,024

Sri Lanka passport issues fall, labour migration still strong Departures for foreign work in the first quater was 85,175 persons, up from 76,024

NEGATIVE

Commercial & Professional Services

Sri Lanka people cannot bear another VAT hike to increase state salaries twice: President

7-Jul-24

Economy

I raised VAT to 18 percent and faced the criticism of the public to pay the salaries

Sri Lanka people cannot bear another VAT hike to increase state salaries twice: President I raised VAT to 18 percent and faced the criticism of the public to pay the salaries

NEGATIVE

Banks

Sri Lanka engaging with local banks on sovereign bonds restructure

7-Jul-24

Banking

About 15 percent of the sovereign bonds outstanding are held with private local banks

Sri Lanka engaging with local banks on sovereign bonds restructure About 15 percent of the sovereign bonds outstanding are held with private local banks

NEGATIVE

Banks

Foreign investment needed for Sri Lanka banks to thrive: President

6-Jul-24

Economy

Wickremesinghe said efforts have been made to reduce the loan repayment by 8 billion dollars over a period of four years

Foreign investment needed for Sri Lanka banks to thrive: President Wickremesinghe said efforts have been made to reduce the loan repayment by 8 billion dollars over a period of four years

NEGATIVE

Banks

Sri Lanka’s 2024 first half tourism revenue surpasses $1.5 bn with 78-pct rise

6-Jul-24

Tourism

Tourism revenue, arrival numbers have been on the rise amid recovery in crisis-hit economy

Sri Lanka’s 2024 first half tourism revenue surpasses $1.5 bn with 78-pct rise Tourism revenue, arrival numbers have been on the rise amid recovery in crisis-hit economy

POSITIVE

Consumer Services

Sri Lanka 2024 first half remittances rise 11.4-pct, surpass $3.1 bn

6-Jul-24

Economy

Sri Lanka has been sending more workers abroad to earn higher foreign exchange after bankruptcy

Sri Lanka 2024 first half remittances rise 11.4-pct, surpass $3.1 bn Sri Lanka has been sending more workers abroad to earn higher foreign exchange after bankruptcy

POSITIVE

Banks

Sri Lanka says 1.3mn register for tax number in June, targets 7.4mn

6-Jul-24

Economic Crisis

2.3 million people have got Taxpayer Identification Number (TIN)

Sri Lanka says 1.3mn register for tax number in June, targets 7.4mn 2.3 million people have got Taxpayer Identification Number (TIN)

NEGATIVE

Banks

Sri Lanka in talks for US$25 mn German technical university: State Minister

6-Jul-24

Education

Sri Lanka has been eyeing for more foreign investment into tertiary education sector

Sri Lanka in talks for US$25 mn German technical university: State Minister Sri Lanka has been eyeing for more foreign investment into tertiary education sector

NEGATIVE

Commercial & Professional Services

Sri Lanka SIS warned not to grant wage hike for protesting University staff: State Minister

5-Jul-24

Economic Crisis

Non-academic staff at state universities have been protesting for 65 days demanding wage hike

Sri Lanka SIS warned not to grant wage hike for protesting University staff: State Minister Non-academic staff at state universities have been protesting for 65 days demanding wage hike

NEGATIVE

Commercial & Professional Services

EXPLAINER: Impact of Labour-led UK government on Sri Lanka

5-Jul-24

International Relations

Sri Lanka was under the British colonial rule for 150 years through 1948 independence

EXPLAINER: Impact of Labour-led UK government on Sri Lanka Sri Lanka was under the British colonial rule for 150 years through 1948 independence

POSITIVE

Commercial & Professional Services

Sri Lanka foreign reserves rise to $5642mn June after IMF loan

5-Jul-24

Economy

The IMF approved US$336 mn equivalent tranche for Sri Lanka in June

Sri Lanka foreign reserves rise to $5642mn June after IMF loan The IMF approved US$336 mn equivalent tranche for Sri Lanka in June

NEGATIVE

Banks

Global Environment Facility funds chemical disposal project in Sri Lanka

5-Jul-24

General Industry

GEF grants USD5mn to Ministry of Environment and UNDP to implement project on chemical disposal

Global Environment Facility funds chemical disposal project in Sri Lanka GEF grants USD5mn to Ministry of Environment and UNDP to implement project on chemical disposal

NEGATIVE

Materials

Sri Lanka stocks close up, turnover remains low

5-Jul-24

Stocks & Companies

Turnover was low at 472 million.

Sri Lanka stocks close up, turnover remains low Turnover was low at 472 million.

NEGATIVE

Banks

Sri Lanka rupee closes stronger at 304.45/75 to US dollar

5-Jul-24

Bonds & Forex

Bond yields stable

Sri Lanka rupee closes stronger at 304.45/75 to US dollar Bond yields stable

POSITIVE

Banks

Sri Lanka invites Israel farmers to visit island and recruit workers

5-Jul-24

Employment

Israel unhappy with unskilled workers sent to agriculture sector, Sri Lanka to monitor social media of future hires

Sri Lanka invites Israel farmers to visit island and recruit workers Israel unhappy with unskilled workers sent to agriculture sector, Sri Lanka to monitor social media of future hires

NEGATIVE

Food, Beverage & Tobacco

Sri Lanka's Dhammika Perera ready to enter presidential race but says SLPP must decide

5-Jul-24

Politics

Perera said 44 percent of the country have yet to decide whom to vote for.

Sri Lanka's Dhammika Perera ready to enter presidential race but says SLPP must decide Perera said 44 percent of the country have yet to decide whom to vote for.

NEGATIVE

Commercial & Professional Services

Sri Lanka coconut prices down 4.6-pct at auction

5-Jul-24

Agriculture

Prices fall after seven weeks of gains

Sri Lanka coconut prices down 4.6-pct at auction Prices fall after seven weeks of gains

NEGATIVE

Food, Beverage & Tobacco

Sri Lanka rupee opens weaker at 304.90/305.20 to US dollar

5-Jul-24

Bonds & Forex

Bonds steady, stocks up

Sri Lanka rupee opens weaker at 304.90/305.20 to US dollar Bonds steady, stocks up

NEGATIVE

Banks

Sri Lanka bondholder deal gives NPV benefit of 40-pct, 27-pct in upside: FinMin

5-Jul-24

Economy

Discount rate 11-pct

Sri Lanka bondholder deal gives NPV benefit of 40-pct, 27-pct in upside: FinMin Discount rate 11-pct

POSITIVE

Banks

IMF awaiting more information for final sign-off on Sri Lanka bondholder deal

5-Jul-24

Economy

.

IMF awaiting more information for final sign-off on Sri Lanka bondholder deal .

NEGATIVE

Banks

Majority of Sri Lanka’s ruling coalition backs Wickremesinghe for presidency: legislator

4-Jul-24

Politics

SLPP is facing an imminent split in backing President Wickremesinghe for next presidency: analysts

Majority of Sri Lanka’s ruling coalition backs Wickremesinghe for presidency: legislator SLPP is facing an imminent split in backing President Wickremesinghe for next presidency: analysts

NEGATIVE

Commercial & Professional Services

Sri Lanka's Colombo Port, US Virginia Port to collaborate

4-Jul-24

Trade

Agreement covers information sharing, cooperation on general logistics, exchange of technical expertise, dispute settlem

Sri Lanka's Colombo Port, US Virginia Port to collaborate Agreement covers information sharing, cooperation on general logistics, exchange of technical expertise, dispute settlem

POSITIVE

Transportation

Sri Lanka Customs strike will affect SMEs mostly: JAAFSL, SLSC

4-Jul-24

Apparel

Sri Lanka Shippers’ Council and Joint Apparel Association Forum say small players affected

Sri Lanka Customs strike will affect SMEs mostly: JAAFSL, SLSC Sri Lanka Shippers’ Council and Joint Apparel Association Forum say small players affected

NEGATIVE

Commercial & Professional Services

Sri Lanka rupee closes weaker at 304.60/80 to US dollar

4-Jul-24

Bonds & Forex

Bond yields broadly steady

Sri Lanka rupee closes weaker at 304.60/80 to US dollar Bond yields broadly steady

POSITIVE

Banks

Sri Lanka stocks close down, foreign inflows account for 50-pct of turnover

4-Jul-24

Stocks & Companies

Turnover was 1.9 million. A large part of this was from foreign buying. There was a net foreign inflow of 972 million.

Sri Lanka stocks close down, foreign inflows account for 50-pct of turnover Turnover was 1.9 million. A large part of this was from foreign buying. There was a net foreign inflow of 972 million.

NEGATIVE

Banks

Sri Lanka’s Cable Solutions IPO offers 80mn voting shares

4-Jul-24

Business

The company will host a virtual investor forum on July 9, ahead of the IPO.

Sri Lanka’s Cable Solutions IPO offers 80mn voting shares The company will host a virtual investor forum on July 9, ahead of the IPO.

POSITIVE

Capital Goods

Sri Lanka opposition parties maintained notable lead in opinion survey for May

4-Jul-24

Politics

Support for the SJB remained unchanged at 34 percent.

Sri Lanka opposition parties maintained notable lead in opinion survey for May Support for the SJB remained unchanged at 34 percent.

NEGATIVE

Commercial & Professional Services

EXPLAINER: FR petition to prevent calling presidential poll in Sri Lanka

4-Jul-24

Politics

Presidential elections are expected to be held between September 17 and October 16

EXPLAINER: FR petition to prevent calling presidential poll in Sri Lanka Presidential elections are expected to be held between September 17 and October 16

NEGATIVE

Commercial & Professional Services

Wickremesinghe disavows Supreme Court case seeking verdict on Sri Lanka president's term

4-Jul-24

Politics

"I firmly believe that the President’s term is five years," he said.

Wickremesinghe disavows Supreme Court case seeking verdict on Sri Lanka president's term "I firmly believe that the President’s term is five years," he said.

NEGATIVE

Commercial & Professional Services

China minister discusses cooperation with Customs, increasing exports

4-Jul-24

Agriculture

"China's readiness to cooperate with the Sri Lanka Customs Department in developing enhanced security and cooperation

China minister discusses cooperation with Customs, increasing exports "China's readiness to cooperate with the Sri Lanka Customs Department in developing enhanced security and cooperation

POSITIVE

Commercial & Professional Services

Support for Sri Lanka president grew in May but remained far behind rivals: poll

4-Jul-24

Politics

Support for his rivals remained significantly higher at just under 40 percent for each.

Support for Sri Lanka president grew in May but remained far behind rivals: poll Support for his rivals remained significantly higher at just under 40 percent for each.

NEGATIVE

Commercial & Professional Services

Sri Lanka bondholder deal: hair cuts, coupons, GDP-link, too much or too little?

4-Jul-24

Bellwether

Deeper haircuts are not a guarantee against future defaults

Sri Lanka bondholder deal: hair cuts, coupons, GDP-link, too much or too little? Deeper haircuts are not a guarantee against future defaults

NEGATIVE

Banks

Switzerland’s GTEX2 phase II to boost Sri Lanka apparel SMEs

4-Jul-24

Apparel

Increase export competitiveness of SMEs in the textile and clothing value chain through technical assistance project

Switzerland’s GTEX2 phase II to boost Sri Lanka apparel SMEs Increase export competitiveness of SMEs in the textile and clothing value chain through technical assistance project

POSITIVE

Consumer Durables & Apparel

Sri Lanka rupee opens weaker at 304.50/70 to US dollar

4-Jul-24

Bonds & Forex

Bonds steady, stocks up

Sri Lanka rupee opens weaker at 304.50/70 to US dollar Bonds steady, stocks up

NEGATIVE

Banks

Talks on resuming Japan funded Sri Lanka airport terminal next week: Minister

4-Jul-24

Aviation

Key benefit of finishing OCC restructuring is re-starting stalled projects

Talks on resuming Japan funded Sri Lanka airport terminal next week: Minister Key benefit of finishing OCC restructuring is re-starting stalled projects

NEGATIVE

Transportation

Sri Lanka bondholders agree on 28-pct hair cut; GDP-gains capped at 15-pct

4-Jul-24

Economy

Also leaves room for ESG bond

Sri Lanka bondholders agree on 28-pct hair cut; GDP-gains capped at 15-pct Also leaves room for ESG bond

NEGATIVE

Banks

Sri Lanka port trade unions oppose increase in female gantry operators: Minister

3-Jul-24

Employment

Unions have protested the increase of female gantry crane operators

Sri Lanka port trade unions oppose increase in female gantry operators: Minister Unions have protested the increase of female gantry crane operators

NEGATIVE

Transportation

Sri Lanka's teachers must be disciplined: President

3-Jul-24

Education

"Education in a country cannot be maintained without discipline"

Sri Lanka's teachers must be disciplined: President "Education in a country cannot be maintained without discipline"

NEGATIVE

Commercial & Professional Services

Sri Lanka to go ahead with Russian firm to operate Mattala airport despite US advice

3-Jul-24

Aviation

Mattala airport was built by China and was earlier offered to India

Sri Lanka to go ahead with Russian firm to operate Mattala airport despite US advice Mattala airport was built by China and was earlier offered to India

NEGATIVE

Transportation

Sri Lanka rupee closes weaker at 304.20/50 to US dollar

3-Jul-24

Bonds & Forex

Bond yields were down

Sri Lanka rupee closes weaker at 304.20/50 to US dollar Bond yields were down

NEGATIVE

Banks

Sri Lanka stocks close down, Windforce sees foreign buying

3-Jul-24

Bonds & Forex

Turnover was 1.5 billion.

Sri Lanka stocks close down, Windforce sees foreign buying Turnover was 1.5 billion.

NEGATIVE

Banks

SriLankan Airlines bidders being further evaluated: Minister

3-Jul-24

Aviation

Sri Lanka "would like to see a Sri Lankan entrepreneur or consortium" buying into the airline

SriLankan Airlines bidders being further evaluated: Minister Sri Lanka "would like to see a Sri Lankan entrepreneur or consortium" buying into the airline

NEGATIVE

Transportation

Sri Lanka Treasuries yields steady across maturities

3-Jul-24

Bonds & Forex

175 billion rupees sold of the offered 190.

Sri Lanka Treasuries yields steady across maturities 175 billion rupees sold of the offered 190.

POSITIVE

Banks

LIOC begins retailing 100 octane petrol in Sri Lanka

3-Jul-24

Petroleum

The price per liter is 793 rupees.

LIOC begins retailing 100 octane petrol in Sri Lanka The price per liter is 793 rupees.

NEGATIVE

Energy

Sri Lanka’s election laws still in force as LG polls not finished: EC

3-Jul-24

Legal

Sri Lanka is yet to hold LG polls declared in January last year

Sri Lanka’s election laws still in force as LG polls not finished: EC Sri Lanka is yet to hold LG polls declared in January last year

NEGATIVE

Commercial & Professional Services

Sri Lanka to enlist help of army, navy for deep-sea diving tourists

3-Jul-24

Defence

National Shipwreck Database lists 114 shipwrecks

Sri Lanka to enlist help of army, navy for deep-sea diving tourists National Shipwreck Database lists 114 shipwrecks

NEGATIVE

Consumer Services

Sri Lanka rupee opens stronger at 303.00/50 to US dollar

3-Jul-24

Markets

Bond yields steady, stocks up

Sri Lanka rupee opens stronger at 303.00/50 to US dollar Bond yields steady, stocks up

POSITIVE

Banks

Sri Lanka, Japan discuss resuming stalled projects under yen loans

3-Jul-24

Economy

Opportunities for increasing Japanese investment and expanding employment prospects for Sri Lankans

Sri Lanka, Japan discuss resuming stalled projects under yen loans Opportunities for increasing Japanese investment and expanding employment prospects for Sri Lankans

POSITIVE

Banks

Sri Lanka CPC oil imports, sales, fall with entry of new players

3-Jul-24

Energy

CPC oil imports fell to US$647mn to April 2024 from US$828.4mn last year

Sri Lanka CPC oil imports, sales, fall with entry of new players CPC oil imports fell to US$647mn to April 2024 from US$828.4mn last year

NEGATIVE

Energy

EXPLAINER: Sri Lanka’s deal on debt restructuring with bilateral creditors

2-Jul-24

Debt Restructuring

Sri Lanka's bilateral debt restructuring deal will gradually help people, not immediately

EXPLAINER: Sri Lanka’s deal on debt restructuring with bilateral creditors Sri Lanka's bilateral debt restructuring deal will gradually help people, not immediately

POSITIVE

Banks

Sri Lanka’s bilateral debt restructuring deal concluded; admin issues remain: State FinMin

2-Jul-24

Debt Restructuring

Sri Lanka reached US$10 bn bilateral debt restructuring deal last week

Sri Lanka’s bilateral debt restructuring deal concluded; admin issues remain: State FinMin Sri Lanka reached US$10 bn bilateral debt restructuring deal last week

NEGATIVE

Banks

Sri Lanka stocks close up due to foreign buying interest

2-Jul-24

Stocks & Companies

Local retail segment remains cautious

Sri Lanka stocks close up due to foreign buying interest Local retail segment remains cautious

NEGATIVE

Banks

Bilateral creditors never reduce principal, only offer deferments: Sri Lanka president

2-Jul-24

Economy

Official bilateral creditors never reduce the principal on a loan, he said.

Bilateral creditors never reduce principal, only offer deferments: Sri Lanka president Official bilateral creditors never reduce the principal on a loan, he said.

NEGATIVE

Banks

Sri Lanka rupee closes stronger at 303.10/30 to US dollar

2-Jul-24

Bonds & Forex

Bond yields were broadly steady

Sri Lanka rupee closes stronger at 303.10/30 to US dollar Bond yields were broadly steady

POSITIVE

Banks

No ill-will between Sri Lanka president and ruling party, but views differ: Rajapaksa

2-Jul-24

Politics

"We're democratic. We do something after discussing it with everyone," he said.

No ill-will between Sri Lanka president and ruling party, but views differ: Rajapaksa "We're democratic. We do something after discussing it with everyone," he said.

POSITIVE

Commercial & Professional Services

Sri Lanka to get US$100mn from ADB on power reforms

2-Jul-24

Economy

The loan is the first part of a 300 million dollar program

Sri Lanka to get US$100mn from ADB on power reforms The loan is the first part of a 300 million dollar program

NEGATIVE

Utilities

President fact-checks viral social media post on Sri Lanka's external debt

2-Jul-24

Economy

"Some political groups are spreading false information about our foreign debt on social media."

President fact-checks viral social media post on Sri Lanka's external debt "Some political groups are spreading false information about our foreign debt on social media."

NEGATIVE

Banks

Sri Lanka cabinet approves new feed-in tariffs for renewables

2-Jul-24

Energy

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Sri Lanka cabinet approves new feed-in tariffs for renewables .

POSITIVE

Utilities