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India's Adani to build Sri Lanka transmission line with wind plants
17-Mar-24
Energy
A line from Kilonocchi to New Habarana has to be built to evacuate power from wind plants
India's Adani to build Sri Lanka transmission line with wind plants A line from Kilonocchi to New Habarana has to be built to evacuate power from wind plants
NEGATIVE
Other
Sri Lanka's low grown Ceylon teas fall, high growns up
16-Mar-24
Agriculture
National average down over low growns
Sri Lanka's low grown Ceylon teas fall, high growns up National average down over low growns
NEGATIVE
Other
Sri Lanka IMF program may become extended amid elections: sources
16-Mar-24
Economy
The program requires 'progress' to be made particularly among private creditors
Sri Lanka IMF program may become extended amid elections: sources The program requires 'progress' to be made particularly among private creditors
NEGATIVE
Other
Sri Lanka study finds public preference for authoritarianism
15-Mar-24
Parliament
CPA survey has found that 1 in 10 Sri Lankans show a preference for authoritarianism
Sri Lanka study finds public preference for authoritarianism CPA survey has found that 1 in 10 Sri Lankans show a preference for authoritarianism
NEGATIVE
Other
Sri Lanka GDP grows 4.5-pct in fourth quarter, down 2.3-pct in 2023
15-Mar-24
Economy
In the fourth quarter of 2023 Agriculture grew 0.6 percent, Industry 7.9 percent and and Services 2.8 percent
Sri Lanka GDP grows 4.5-pct in fourth quarter, down 2.3-pct in 2023 In the fourth quarter of 2023 Agriculture grew 0.6 percent, Industry 7.9 percent and and Services 2.8 percent
NEGATIVE
Agricultural Raw Materials
Sri Lanka's Litro Gas sale draws Vitol, Bharat Petro, China Aero among 14 investors
15-Mar-24
Economy
Firms based in Singapore, Malaysia, UAE, Thailand, Sri Lanka
Sri Lanka's Litro Gas sale draws Vitol, Bharat Petro, China Aero among 14 investors Firms based in Singapore, Malaysia, UAE, Thailand, Sri Lanka
POSITIVE
Other
Developing India-Sri Lanka trade relations crucial: President
15-Mar-24
Trade
“We aim to foster comprehensive ties between our two nations, particularly in the realms of transportation and energy,...
Developing India-Sri Lanka trade relations crucial: President “We aim to foster comprehensive ties between our two nations, particularly in the realms of transportation and energy,...
POSITIVE
Transportation
Sri Lanka rupee closes at 305.20/25 to the US dollar
15-Mar-24
Bonds & Forex
Bond yields down
Sri Lanka rupee closes at 305.20/25 to the US dollar Bond yields down
NEGATIVE
Other
Sri Lanka stocks close up, Hayleys Fabric draws interest
15-Mar-24
Stocks & Companies
Hayleys Fabric Plc saw the most active trade volumes (133mn) of the day and the share closed up at 44.30.
Sri Lanka stocks close up, Hayleys Fabric draws interest Hayleys Fabric Plc saw the most active trade volumes (133mn) of the day and the share closed up at 44.30.
NEGATIVE
Other
Sri Lanka CEB experienced staff in alarming exodus after inflation, taxes: Union
15-Mar-24
Energy
Experienced engineers leaving to Ireland, New Zealand, Australia
Sri Lanka CEB experienced staff in alarming exodus after inflation, taxes: Union Experienced engineers leaving to Ireland, New Zealand, Australia
NEGATIVE
Other
Sri Lanka spends Rs 4 Bn on prisoners, house arrest bill to be presented soon
15-Mar-24
Law and Order
Amendments to laws such as the Bail Act are also being considered to address this, he said.
Sri Lanka spends Rs 4 Bn on prisoners, house arrest bill to be presented soon Amendments to laws such as the Bail Act are also being considered to address this, he said.
NEGATIVE
Other
Opposition's lack of transparency on amendments to Sri Lanka IMF deal questioned
15-Mar-24
Economy
Semasinghe tweeted Friday March 15 that this apparent lack of transparency is a cause for concern.
Opposition's lack of transparency on amendments to Sri Lanka IMF deal questioned Semasinghe tweeted Friday March 15 that this apparent lack of transparency is a cause for concern.
NEGATIVE
Other
Sri Lanka, Thailand discuss early implementation of FTA, Myanmar detainees
15-Mar-24
International Relations
Agreed to work on early implementation of the SLSFTA, reciprocal visa free arrangement between two countries
Sri Lanka, Thailand discuss early implementation of FTA, Myanmar detainees Agreed to work on early implementation of the SLSFTA, reciprocal visa free arrangement between two countries
NEGATIVE
Other
Sri Lanka rupee opens at 305.23/28 to the US dollar
15-Mar-24
Bonds & Forex
Bond yields were steady.
Sri Lanka rupee opens at 305.23/28 to the US dollar Bond yields were steady.
POSITIVE
Other
Sri Lanka's Port City attracts fund manager interest
15-Mar-24
Economy
"They are interested because they see the potential
Sri Lanka's Port City attracts fund manager interest "They are interested because they see the potential
POSITIVE
Other
Sri Lanka may consider hangwomen if execution starts: State Minister
15-Mar-24
Uncategorized
Sri Lanka has not executed anybody since 1970
Sri Lanka may consider hangwomen if execution starts: State Minister Sri Lanka has not executed anybody since 1970
NEGATIVE
Other
Sri Lanka’s International Financial City awaiting banking regulations
14-Mar-24
Banking
Banks operating within the Port City will be licensed by either the central bank or the country it is incorporated in.
Sri Lanka’s International Financial City awaiting banking regulations Banks operating within the Port City will be licensed by either the central bank or the country it is incorporated in.
NEGATIVE
Other
United Petroleum of Australia to start Sri Lanka operations by mid this year
14-Mar-24
Petroleum
They plan to sign the agreement with the BOI and obtain the license to operate by mid this year
United Petroleum of Australia to start Sri Lanka operations by mid this year They plan to sign the agreement with the BOI and obtain the license to operate by mid this year
POSITIVE
Other
Sri Lanka evaluating 49 private renewable energy deals
14-Mar-24
Energy
Some of the projects have already obtained provisional approvals, environment clearances, land clearances
Sri Lanka evaluating 49 private renewable energy deals Some of the projects have already obtained provisional approvals, environment clearances, land clearances
NEGATIVE
Other
Sri Lanka rupee closes at 305.50/55 to the US dollar
14-Mar-24
Bonds & Forex
Bond yields were down.
Sri Lanka rupee closes at 305.50/55 to the US dollar Bond yields were down.
NEGATIVE
Other
Basil wants general election first for a "balanced" Sri Lanka parliament
14-Mar-24
Politics
"The party that wins the presidential election may secure unlimited power."
Basil wants general election first for a "balanced" Sri Lanka parliament "The party that wins the presidential election may secure unlimited power."
POSITIVE
Other
Lanka Pay to recognize Sri Lanka's financial innovators
14-Mar-24
Finance
Lanka Pay's Technovation awards will recognize banking and non-banking firms that had come up with innovative solutions.
Lanka Pay to recognize Sri Lanka's financial innovators Lanka Pay's Technovation awards will recognize banking and non-banking firms that had come up with innovative solutions.
POSITIVE
Other
Sri Lanka stocks close up driven by interest in construction, consumer sectors
14-Mar-24
Stocks & Companies
Vallibel One Plc saw the most active trade volumes (157mn) and the share closed up at 50.00.
Sri Lanka stocks close up driven by interest in construction, consumer sectors Vallibel One Plc saw the most active trade volumes (157mn) and the share closed up at 50.00.
NEGATIVE
Capital Goods
Sri Lanka consumer confidence improves in February: survey
14-Mar-24
Economy
Indices were boosted by a recovery in public expectations of the country situation and the recovery of buying conditions
Sri Lanka consumer confidence improves in February: survey Indices were boosted by a recovery in public expectations of the country situation and the recovery of buying conditions
POSITIVE
Other
SriLankan to fly daily to Seoul with Korean Air code share
14-Mar-24
Aviation
The collaboration will allow SriLankan Airlines to access Korean Air’s far eastern network,
SriLankan to fly daily to Seoul with Korean Air code share The collaboration will allow SriLankan Airlines to access Korean Air’s far eastern network,
POSITIVE
Transportation
Sri Lanka debt so high, recovered stolen assets won't cover it: president
14-Mar-24
Corruption
"If you look at our debt, I don't think we can do that even if we go to the richest person in the world."
Sri Lanka debt so high, recovered stolen assets won't cover it: president "If you look at our debt, I don't think we can do that even if we go to the richest person in the world."
NEGATIVE
Other
Sri Lanka's sugar, milk powder consumption hurting people, economy: Minister
14-Mar-24
Health
In South Asia region, we are one of the countries with the highest diabetic population, Minister Ramesh Pathirana said
Sri Lanka's sugar, milk powder consumption hurting people, economy: Minister In South Asia region, we are one of the countries with the highest diabetic population, Minister Ramesh Pathirana said
NEGATIVE
Other
Sri Lanka inks deal for 150MW solar park with transmission
14-Mar-24
Energy
Sri Lanka signed power purchase agreements for 150MW ground mount solar project at Solar Energy Park
Sri Lanka inks deal for 150MW solar park with transmission Sri Lanka signed power purchase agreements for 150MW ground mount solar project at Solar Energy Park
NEGATIVE
Other
Sri Lanka rupee opens at 305.65/72 to the US dollar
14-Mar-24
Bonds & Forex
Bond yields broadly steady.
Sri Lanka rupee opens at 305.65/72 to the US dollar Bond yields broadly steady.
POSITIVE
Other
Sri Lanka lost taxes under SDP Act valued at Rs1,085mn
14-Mar-24
Economy
Controversially, the law also exempts key expat workers from income tax for a period
Sri Lanka lost taxes under SDP Act valued at Rs1,085mn Controversially, the law also exempts key expat workers from income tax for a period
POSITIVE
Other
Kavan Ratnayaka appointed chairman of Sri Lanka's Bank of Ceylon
13-Mar-24
Banking
He has previously functioned as chairman of the National Development Bank PLC
Kavan Ratnayaka appointed chairman of Sri Lanka's Bank of Ceylon He has previously functioned as chairman of the National Development Bank PLC
POSITIVE
Other
Sri Lanka to import sailfish from Singapore
13-Mar-24
Fisheries
Supply of thalapath does not meet local demand, especially from hospitals.
Sri Lanka to import sailfish from Singapore Supply of thalapath does not meet local demand, especially from hospitals.
NEGATIVE
Other
Sri Lanka president to contest election under new alliance: Harin
13-Mar-24
Politics
"Wait a little. It'll happen," he said.
Sri Lanka president to contest election under new alliance: Harin "Wait a little. It'll happen," he said.
NEGATIVE
Other
Sri Lanka rupee closes at 306.10/20 to the US dollar
13-Mar-24
Bonds & Forex
Bond yields were down.
Sri Lanka rupee closes at 306.10/20 to the US dollar Bond yields were down.
NEGATIVE
Other
Sri Lanka failed 16 IMF agreements, latest deal must be honoured: minister
13-Mar-24
Economy
"Besides killing each other, there will be no alternative," Gunawardena said.
Sri Lanka failed 16 IMF agreements, latest deal must be honoured: minister "Besides killing each other, there will be no alternative," Gunawardena said.
NEGATIVE
Other
Sri Lanka stocks close up 1-pct, Hayleys and subsidiary attract interest
13-Mar-24
Stocks & Companies
Turnover was at 1.9 bn. Hayleys Plc (up at 85.30), and subsidiary Hayleys Fabric Plc (down at 40.50), saw high volumes
Sri Lanka stocks close up 1-pct, Hayleys and subsidiary attract interest Turnover was at 1.9 bn. Hayleys Plc (up at 85.30), and subsidiary Hayleys Fabric Plc (down at 40.50), saw high volumes
POSITIVE
Other
Sri Lanka's CPA files petition in apex court against police chief's appointment
13-Mar-24
Politics
The petition was filed by  CPA Executive Director Paikiasothy Saravanamuttu.
Sri Lanka's CPA files petition in apex court against police chief's appointment The petition was filed by  CPA Executive Director Paikiasothy Saravanamuttu.
NEGATIVE
Other
SriLankan Airlines state bank debt of $210mn and Rs31.4bn to tax payer
13-Mar-24
Economy
A $175 mn bond remains in the balance sheet
SriLankan Airlines state bank debt of $210mn and Rs31.4bn to tax payer A $175 mn bond remains in the balance sheet
NEGATIVE
Transportation
Sri Lanka doctors who left the country returning: report
13-Mar-24
Health
Also the number of professionals leaving has reduced.
Sri Lanka doctors who left the country returning: report Also the number of professionals leaving has reduced.
NEGATIVE
Other
Russian, Indian visitors to Sri Lanka remain high in March
13-Mar-24
Tourism
There were 9,783 Russian tourists and 9,735 Indian tourists as of March 10.
Russian, Indian visitors to Sri Lanka remain high in March There were 9,783 Russian tourists and 9,735 Indian tourists as of March 10.
POSITIVE
Other
Sri Lanka to import Rose Onion amid rising big onion prices
13-Mar-24
Trade
The supply of big onions in the country decreased after neighboring India and Pakistan stopped onion exports.
Sri Lanka to import Rose Onion amid rising big onion prices The supply of big onions in the country decreased after neighboring India and Pakistan stopped onion exports.
NEGATIVE
Other
IMF review team discuss Sri Lanka energy pricing, utility finances
13-Mar-24
Energy
Energy utilities are among the worst hit by discretionary monetary policy
IMF review team discuss Sri Lanka energy pricing, utility finances Energy utilities are among the worst hit by discretionary monetary policy
NEGATIVE
Other
Sri Lanka rupee opens at 306.30/50 to the US dollar
13-Mar-24
Bonds & Forex
Bond yields were down.
Sri Lanka rupee opens at 306.30/50 to the US dollar Bond yields were down.
NEGATIVE
Other
Sri Lanka income taxes lost due to BoI concessions Rs23.94bn in 2022
13-Mar-24
Economy
In Sri Lanka a 20-pct corporate tax rate is considered a concession
Sri Lanka income taxes lost due to BoI concessions Rs23.94bn in 2022 In Sri Lanka a 20-pct corporate tax rate is considered a concession
NEGATIVE
Other
Sri Lanka looks for $11.26 bln investment to achieve renewable energy targets - CEB GM
12-Mar-24
Energy
Sri Lanka has planned to increase the renewable energy to 70% of the total energy mix by 2030
Sri Lanka looks for $11.26 bln investment to achieve renewable energy targets - CEB GM Sri Lanka has planned to increase the renewable energy to 70% of the total energy mix by 2030
POSITIVE
Other
KPMG values Sri Lanka's Expolanka share
12-Mar-24
Stocks & Companies
KPMG valuation report on Expolanka Holdings suggested value of a share between LKR 136.9 (SOTP) to LKR 152.6 (VWAP).
KPMG values Sri Lanka's Expolanka share KPMG valuation report on Expolanka Holdings suggested value of a share between LKR 136.9 (SOTP) to LKR 152.6 (VWAP).
NEGATIVE
Other
Sri Lanka UDA to lease land to Ninewells, Access International for health venture
12-Mar-24
Construction and Real Estate
Urban Development Authority to lease land in Narahenpita to Ninewells Hospital and Access International
Sri Lanka UDA to lease land to Ninewells, Access International for health venture Urban Development Authority to lease land in Narahenpita to Ninewells Hospital and Access International
NEGATIVE
Other
Sri Lanka rupee closes flat at 306.50/60 to the US dollar
12-Mar-24
Bonds & Forex
Bond yields were down.
Sri Lanka rupee closes flat at 306.50/60 to the US dollar Bond yields were down.
NEGATIVE
Other
Sri Lanka stocks close up, high net worth and retail interest improving
12-Mar-24
Stocks & Companies
The Colombo Stock Exchange closed up on Tuesday, on a continuous run, data on its site showed.
Sri Lanka stocks close up, high net worth and retail interest improving The Colombo Stock Exchange closed up on Tuesday, on a continuous run, data on its site showed.
NEGATIVE
Other
Sri Lanka to gazette Gender Socialisation Equality bill for parliament's approval
12-Mar-24
Gender Issues
“It is imperative that women’s rights go beyond mere rhetoric."
Sri Lanka to gazette Gender Socialisation Equality bill for parliament's approval “It is imperative that women’s rights go beyond mere rhetoric."
NEGATIVE
Other
Sri Lanka meets 92 pct of its sanitary napkin demand domestically, tax-free: official
12-Mar-24
Economy
"The total of these three comes up to 22.5 percent. There is no 40 percent tax as claimed."
Sri Lanka meets 92 pct of its sanitary napkin demand domestically, tax-free: official "The total of these three comes up to 22.5 percent. There is no 40 percent tax as claimed."
NEGATIVE
Other
Sri Lanka awards 18MW of solar plants to Mahawa Solar, Hayleys Power, Capital City
12-Mar-24
Energy
International competitive bids were called for solar photovoltaic power plants for Matara and Vavunathivu substations
Sri Lanka awards 18MW of solar plants to Mahawa Solar, Hayleys Power, Capital City International competitive bids were called for solar photovoltaic power plants for Matara and Vavunathivu substations
NEGATIVE
Other
Sri Lanka's cabinet approves debt recovery suspension amendments
12-Mar-24
Banking
Cabinet approved changes to island's debt recovery laws to suspend sale of collateral by bank board resolution (parate)
Sri Lanka's cabinet approves debt recovery suspension amendments Cabinet approved changes to island's debt recovery laws to suspend sale of collateral by bank board resolution (parate)
NEGATIVE
Other
Sri Lanka 100 MW power plant to Solar Forge Batticaloa
12-Mar-24
Energy
100 MW solar power plant in Oddamawadi, Batticaloa on a build, own and operate basis
Sri Lanka 100 MW power plant to Solar Forge Batticaloa 100 MW solar power plant in Oddamawadi, Batticaloa on a build, own and operate basis
POSITIVE
Other
Sri Lanka ruling party hasn't decided it'll back president at the polls: MP
12-Mar-24
Politics
"Some people express their personal opinion. I don't think that's fair," he said.
Sri Lanka ruling party hasn't decided it'll back president at the polls: MP "Some people express their personal opinion. I don't think that's fair," he said.
NEGATIVE
Other
Sri Lanka and China standards agencies to sign agreement
12-Mar-24
Trade
SLSI, Standardization Administration of China to sign MoU to reduce technical barriers in Lanka-China trade
Sri Lanka and China standards agencies to sign agreement SLSI, Standardization Administration of China to sign MoU to reduce technical barriers in Lanka-China trade
POSITIVE
Other
Pilot project to uplift Aswesuma welfare scheme beneficiaries
12-Mar-24
Economic Crisis
Pilot project seeks to move 16,000 Aswesuma beneficiaries out of poverty in three years, using ADB, WB and local funds
Pilot project to uplift Aswesuma welfare scheme beneficiaries Pilot project seeks to move 16,000 Aswesuma beneficiaries out of poverty in three years, using ADB, WB and local funds
POSITIVE
Other
Sri Lanka NSBM university to get medical faculty
12-Mar-24
Education
The National School of Business Management in Homagama will be offering medical degree
Sri Lanka NSBM university to get medical faculty The National School of Business Management in Homagama will be offering medical degree
POSITIVE
Other
Sri Lanka's coconut price down 2.6-pct at auction
12-Mar-24
Agriculture
.
Sri Lanka's coconut price down 2.6-pct at auction .
NEGATIVE
Other
Sri Lanka rupee opens at 306.50/60 to the US dollar
12-Mar-24
Bonds & Forex
Bonds quiet ahead of the auction.
Sri Lanka rupee opens at 306.50/60 to the US dollar Bonds quiet ahead of the auction.
NEGATIVE
Other
SriLankan Airlines asked to show better results after $500mn tax-payer bailout
12-Mar-24
Aviation
If not jobs of 6,000 employees are at risk
SriLankan Airlines asked to show better results after $500mn tax-payer bailout If not jobs of 6,000 employees are at risk
NEGATIVE
Transportation
IMF increases bailout access to 600-pct from 200-pct of member quota
12-Mar-24
Economy
The extension takes place in the context of the still uncertain global economic environment
IMF increases bailout access to 600-pct from 200-pct of member quota The extension takes place in the context of the still uncertain global economic environment
POSITIVE
Other
Lakshitha Weerasinghe, top Sri Lanka power systems specialist, passes away
12-Mar-24
Energy
He is survived by a wife and daughter
Lakshitha Weerasinghe, top Sri Lanka power systems specialist, passes away He is survived by a wife and daughter
NEGATIVE
Other
Sri Lanka parate suspension increases risk premium, endangers deposits, banks say
11-Mar-24
Banking
.
Sri Lanka parate suspension increases risk premium, endangers deposits, banks say .
NEGATIVE
Other
Sri Lanka SMEs enabled to mortgage movable assets with registry
11-Mar-24
Business
Secured transaction registry set up with technical assistance from International Finance Corporation, will help SMEs
Sri Lanka SMEs enabled to mortgage movable assets with registry Secured transaction registry set up with technical assistance from International Finance Corporation, will help SMEs
POSITIVE
Other
Sri Lanka rupee closes at 306.95/307.10 to the US dollar
11-Mar-24
Bonds & Forex
Bond yields were broadly steady.
Sri Lanka rupee closes at 306.95/307.10 to the US dollar Bond yields were broadly steady.
POSITIVE
Other
Missed opportunity for Sri Lanka opposition to raise concerns with IMF: govt
11-Mar-24
Politics
"They could've shared their concerns with the whole gathering and said 'not this tax, have this instead'."
Missed opportunity for Sri Lanka opposition to raise concerns with IMF: govt "They could've shared their concerns with the whole gathering and said 'not this tax, have this instead'."
NEGATIVE
Other
Sri Lanka stocks close up, turnover at 1.9bn
11-Mar-24
Stocks & Companies
Browns Investment and LOLC Finance saw active trade volumes
Sri Lanka stocks close up, turnover at 1.9bn Browns Investment and LOLC Finance saw active trade volumes
POSITIVE
Other
Sri Lanka to release IMF technical assistance reports to opposition on request: MP
11-Mar-24
Politics
"I raised some of our concerns. Firstly, the absence of transparency," he said.
Sri Lanka to release IMF technical assistance reports to opposition on request: MP "I raised some of our concerns. Firstly, the absence of transparency," he said.
NEGATIVE
Other
Indian renewable energy companies visit Sri Lanka to discuss investment
11-Mar-24
Energy
ACME, ReNew, Adani Green Energy, PTC India, Jackson Group, Welspun New Energy, Sterlite Power, Nucleus in island
Indian renewable energy companies visit Sri Lanka to discuss investment ACME, ReNew, Adani Green Energy, PTC India, Jackson Group, Welspun New Energy, Sterlite Power, Nucleus in island
POSITIVE
Other
Sri Lanka planning to raid unregistered places of worship
11-Mar-24
Religion
As per the law, all religious institutions, be it Buddhist, a Hindu temple or a mosque, need to be registered
Sri Lanka planning to raid unregistered places of worship As per the law, all religious institutions, be it Buddhist, a Hindu temple or a mosque, need to be registered
NEGATIVE
Other
Thirty Sri Lanka ruling party MPs discussing alliance with opposition SJB: Ashok
11-Mar-24
Politics
"In the next few weeks, the media and the country will know who that is," he said.
Thirty Sri Lanka ruling party MPs discussing alliance with opposition SJB: Ashok "In the next few weeks, the media and the country will know who that is," he said.
NEGATIVE
Other
Sri Lanka SEC urges fund management firm to get into ETF and umbrella scheme
11-Mar-24
Markets
Industry should identify the interests of different investor categories and design new products
Sri Lanka SEC urges fund management firm to get into ETF and umbrella scheme Industry should identify the interests of different investor categories and design new products
POSITIVE
Other
Sri Lanka - India ferry to multiple destinations mulled to cut costs
11-Mar-24
Logistics
With the combination of governmental support, it is now possible to run the ferry
Sri Lanka - India ferry to multiple destinations mulled to cut costs With the combination of governmental support, it is now possible to run the ferry
POSITIVE
Other
Sri Lanka Railways squatters to be leased land, charged tax
11-Mar-24
Construction and Real Estate
Land and property occupied by squatters for over 10 years to be assessed, lease agreement to be signed
Sri Lanka Railways squatters to be leased land, charged tax Land and property occupied by squatters for over 10 years to be assessed, lease agreement to be signed
NEGATIVE
Transportation
Sri Lanka rupee opens at 307.00/20 to the US dollar
11-Mar-24
Bonds & Forex
Bond yields were slightly up.
Sri Lanka rupee opens at 307.00/20 to the US dollar Bond yields were slightly up.
NEGATIVE
Other
Sri Lanka central bank net assets fall to Rs11bn in Dec 2023
11-Mar-24
Economy
The central bank made large valuation losses in September
Sri Lanka central bank net assets fall to Rs11bn in Dec 2023 The central bank made large valuation losses in September
NEGATIVE
Other
Opposition wanted meeting with Sri Lanka bondholders, not IMF: Harsha
11-Mar-24
Economy
"We did not ask a meeting with the IMF."
Opposition wanted meeting with Sri Lanka bondholders, not IMF: Harsha "We did not ask a meeting with the IMF."
NEGATIVE
Other
Sri Lanka expects to have nuclear power framework ready next year: Minister
10-Mar-24
Energy
Capacity required for nuclear waste disposal, handling emergencies, evaluating projects
Sri Lanka expects to have nuclear power framework ready next year: Minister Capacity required for nuclear waste disposal, handling emergencies, evaluating projects
NEGATIVE
Other
Sri Lanka low grown teas ease at auction, high growns up
10-Mar-24
Business
Prices have gained from an average of $3.66 kilo seen at the last auction in December to $4.47 by March
Sri Lanka low grown teas ease at auction, high growns up Prices have gained from an average of $3.66 kilo seen at the last auction in December to $4.47 by March
NEGATIVE
Other
Sri Lanka central bank mainly responsible for electricity price cut
10-Mar-24
Energy
Rupee appreciation had reduced the cost of imported coal
Sri Lanka central bank mainly responsible for electricity price cut Rupee appreciation had reduced the cost of imported coal
NEGATIVE
Other
NDB starts savings scheme for HNI children
10-Mar-24
Banking
Supports early entry to digital banking
NDB starts savings scheme for HNI children Supports early entry to digital banking
NEGATIVE
Other
Sri Lanka makes 26 revisions to published electricity reform bill
9-Mar-24
Energy
Changes made following feedback from stakeholders
Sri Lanka makes 26 revisions to published electricity reform bill Changes made following feedback from stakeholders
POSITIVE
Other
Sri Lanka railway station gets digital time schedule
9-Mar-24
Transport
Thousands of commuters gather daily at the central Colombo Fort Railway Station.
Sri Lanka railway station gets digital time schedule Thousands of commuters gather daily at the central Colombo Fort Railway Station.
POSITIVE
Transportation
Sri Lanka’s Dialog Finance rated at 'AA(lka)'; outlook stable: Fitch
9-Mar-24
Business
Delays in obtaining necessary regulatory approvals disrupted the launch of its fintech-based offerings
Sri Lanka’s Dialog Finance rated at 'AA(lka)'; outlook stable: Fitch Delays in obtaining necessary regulatory approvals disrupted the launch of its fintech-based offerings
NEGATIVE
Other
Sri Lanka official remittances up 16.8-pct in Feb
9-Mar-24
Economy
Official remittances are at a five month low
Sri Lanka official remittances up 16.8-pct in Feb Official remittances are at a five month low
NEGATIVE
Other
Electrateq to convert Sri Lanka three-wheelers to electric from petrol
9-Mar-24
Autos
Production facility at Maradana Railway Department warehouse will convert petrol three-wheels and non-electric tricycles
Electrateq to convert Sri Lanka three-wheelers to electric from petrol Production facility at Maradana Railway Department warehouse will convert petrol three-wheels and non-electric tricycles
NEGATIVE
Transportation
Sri Lanka foreign reserves inch up to US$4517 in Feb 2024
8-Mar-24
Economy
Sri Lanka has large volumes of swaps, including with domestic counterparties
Sri Lanka foreign reserves inch up to US$4517 in Feb 2024 Sri Lanka has large volumes of swaps, including with domestic counterparties
NEGATIVE
Other
Sri Lanka’s Singer Finance rated 'BBB(lka)'; with a stable outlook: Fitch
8-Mar-24
Business
Fitch Ratings has affirmed Singer Finance (Lanka) Plc's (SFL) National Long-Term Rating of 'BBB(lka)'. Outlook stable
Sri Lanka’s Singer Finance rated 'BBB(lka)'; with a stable outlook: Fitch Fitch Ratings has affirmed Singer Finance (Lanka) Plc's (SFL) National Long-Term Rating of 'BBB(lka)'. Outlook stable
POSITIVE
Other
Gender budgeting, two new bills to empower women: Sri Lanka president
8-Mar-24
Gender Issues
Imperative that women’s rights go beyond mere rhetoric, Ranil Wickremesinghe tells International Women’s Day event
Gender budgeting, two new bills to empower women: Sri Lanka president Imperative that women’s rights go beyond mere rhetoric, Ranil Wickremesinghe tells International Women’s Day event
POSITIVE
Other
Sri Lanka to teach Japanese, Chinese, Korean in schools, but teachers in short supply
8-Mar-24
Education
Foreign languages in school curriculum to make it easier for school leavers to get jobs
Sri Lanka to teach Japanese, Chinese, Korean in schools, but teachers in short supply Foreign languages in school curriculum to make it easier for school leavers to get jobs
NEGATIVE
Other
Sri Lanka needs to work on its morals before fixing economy: NPP
8-Mar-24
Politics
"We need to change this. Before we solve economic issues, we need some morality," she said.
Sri Lanka needs to work on its morals before fixing economy: NPP "We need to change this. Before we solve economic issues, we need some morality," she said.
NEGATIVE
Other
Sri Lanka president invites party leaders to IMF review meeting
8-Mar-24
Economic Crisis
Sajith Premadasa, Anura Kumara Dissanayake, and S Sridharan have been invited to participate in deliberations on Monday
Sri Lanka president invites party leaders to IMF review meeting Sajith Premadasa, Anura Kumara Dissanayake, and S Sridharan have been invited to participate in deliberations on Monday
POSITIVE
Other
Sri Lanka opposition MP claims president was responsible for predecessor's exit
8-Mar-24
Politics
"This must be included in the book. And he must know it too, who was behind this," he said.
Sri Lanka opposition MP claims president was responsible for predecessor's exit "This must be included in the book. And he must know it too, who was behind this," he said.
NEGATIVE
Other
Sri Lanka's Softlogic seeks Rs10bn in equity
8-Mar-24
Stocks & Companies
Softlogic Holdings Plc is planning to raise 10 billion rupees in equity including through a rights issue
Sri Lanka's Softlogic seeks Rs10bn in equity Softlogic Holdings Plc is planning to raise 10 billion rupees in equity including through a rights issue
NEGATIVE
Other
Sri Lanka to call tenders for 50MW Mannar wind power plant
8-Mar-24
Energy
Next week we plant to advertise tenders for a 50MW wind plant in Mannar
Sri Lanka to call tenders for 50MW Mannar wind power plant Next week we plant to advertise tenders for a 50MW wind plant in Mannar
NEGATIVE
Other
Euro Exim Bank, Fairfirst interested in Sri Lanka Insurance
8-Mar-24
Economy
Euro Exim Bank Limited, Fairfirst Insurance, LIC, Union Assurance, Asiri
Euro Exim Bank, Fairfirst interested in Sri Lanka Insurance Euro Exim Bank Limited, Fairfirst Insurance, LIC, Union Assurance, Asiri
POSITIVE
Other
Sri Lanka negotiating power purchase price with India's Adani: Minister
8-Mar-24
Energy
We hope to conclude the evaluation very quickly
Sri Lanka negotiating power purchase price with India's Adani: Minister We hope to conclude the evaluation very quickly
POSITIVE
Other
Most Sri Lanka ruling party MPs want to back Wickremesinghe: state minister
7-Mar-24
Politics
"A majority of our MPs think Wickremesinghe can do this," he said.
Most Sri Lanka ruling party MPs want to back Wickremesinghe: state minister "A majority of our MPs think Wickremesinghe can do this," he said.
NEGATIVE
Other
Sri Lanka president to discuss plantation worker wages with employers
7-Mar-24
Economy
"We plan to increase your daily wage very soon," the minister said.
Sri Lanka president to discuss plantation worker wages with employers "We plan to increase your daily wage very soon," the minister said.
POSITIVE
Other