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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 |
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