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Sri Lanka stocks close up, JKH pushes turnover to 12bn | 7-Feb-24 | Stocks & Companies | Turnover topped 12 billion due to a crossing on John Keells Holdings Plc (11.3bn), and the share closed up at 183.00. | Sri Lanka stocks close up, JKH pushes turnover to 12bn Turnover topped 12 billion due to a crossing on John Keells Holdings Plc (11.3bn), and the share closed up at 183.00. | NEGATIVE | Other |
Sri Lanka's Exterminators Plc becomes reseller for Pest Scan, an AI-powered pest app | 7-Feb-24 | Uncategorized | Exterminators Plc designated reseller for Pest Scan, an AI-powered digital pest management software, within South Asia | Sri Lanka's Exterminators Plc becomes reseller for Pest Scan, an AI-powered pest app Exterminators Plc designated reseller for Pest Scan, an AI-powered digital pest management software, within South Asia | NEGATIVE | Other |
Will expand economic activity to Jaffna, Trinco and Bingiriya: Sri Lanka prez | 7-Feb-24 | Economy | President Ranil Wickremesinghe promises decentralization and an Economic Transformation Act | Will expand economic activity to Jaffna, Trinco and Bingiriya: Sri Lanka prez President Ranil Wickremesinghe promises decentralization and an Economic Transformation Act | POSITIVE | Other |
Sri Lanka former navy chief joins main opposition SJB | 7-Feb-24 | Politics | The former navy commander has been appointed as Adviser on Maritime and Naval Policy to the SJB. | Sri Lanka former navy chief joins main opposition SJB The former navy commander has been appointed as Adviser on Maritime and Naval Policy to the SJB. | POSITIVE | Transportation |
Crossing on John Keells pushes Sri Lanka stock market turnover to 11bn | 7-Feb-24 | Markets | The Colombo Stock Exchange registered a turnover of 11.7 billion in mid-day trading on Wednesday | Crossing on John Keells pushes Sri Lanka stock market turnover to 11bn The Colombo Stock Exchange registered a turnover of 11.7 billion in mid-day trading on Wednesday | POSITIVE | Other |
Sri Lanka rupee trades at 312.75/313.40 to the US dollar | 7-Feb-24 | Bonds & Forex | Sri Lanka’s rupee traded at 312.75/313.40 to the US dollar Wednesday, dealers said. Bond yields were down. | Sri Lanka rupee trades at 312.75/313.40 to the US dollar Sri Lanka’s rupee traded at 312.75/313.40 to the US dollar Wednesday, dealers said. Bond yields were down. | NEGATIVE | Other |
Enactment process of Sri Lanka's online safety act raises questions on law-making: CPA | 7-Feb-24 | Free Speech | CPA urged the government to replace the act with a law that "genuinely addresses" concerns on online safety. | Enactment process of Sri Lanka's online safety act raises questions on law-making: CPA CPA urged the government to replace the act with a law that "genuinely addresses" concerns on online safety. | POSITIVE | Other |
Maldives advised by IMF to run monetary policy to keep exchange rate peg unlike for Sri Lanka | 7-Feb-24 | Economy | Monetary and macroprudential policies need to be tightened to ensure compatibility with the exchange rate peg | Maldives advised by IMF to run monetary policy to keep exchange rate peg unlike for Sri Lanka Monetary and macroprudential policies need to be tightened to ensure compatibility with the exchange rate peg | NEGATIVE | Other |
UNICEF welcomes amendments to Sri Lanka's Children & Young Persons Ordinance | 7-Feb-24 | Legal | "The amendment marks a significant step towards protecting the rights and welfare of all children in Sri Lanka." | UNICEF welcomes amendments to Sri Lanka's Children & Young Persons Ordinance "The amendment marks a significant step towards protecting the rights and welfare of all children in Sri Lanka." | POSITIVE | Other |
Sri Lanka textile and apparel roadshow to be held in London | 7-Feb-24 | Apparel | Sourced Sri Lanka – Textile and Apparel Roadshow, first UK export promotion program for Sri Lankan garments | Sri Lanka textile and apparel roadshow to be held in London Sourced Sri Lanka – Textile and Apparel Roadshow, first UK export promotion program for Sri Lankan garments | POSITIVE | Consumer Goods Industry |
Sri Lanka repays debt or collects reserves of U$5bn via banking system since rate correction | 7-Feb-24 | Economy | Commercial Banks collect US$3.2bn net and central bank, $1.69bn net | Sri Lanka repays debt or collects reserves of U$5bn via banking system since rate correction Commercial Banks collect US$3.2bn net and central bank, $1.69bn net | NEGATIVE | Other |
India’s official invitation for Sri Lanka’s Marxists seen positive amid political concerns | 7-Feb-24 | Corruption | JVP has opposed many Indian projects strongly in the past | India’s official invitation for Sri Lanka’s Marxists seen positive amid political concerns JVP has opposed many Indian projects strongly in the past | POSITIVE | Other |
Sri Lanka committed to mitigating and adapting to climate change: Prez | 6-Feb-24 | Climate Change | Regional network needed to address climate change challenges, particularly in South Asia, where effects acutely felt | Sri Lanka committed to mitigating and adapting to climate change: Prez Regional network needed to address climate change challenges, particularly in South Asia, where effects acutely felt | POSITIVE | Other |
Sri Lanka seeks FTAs with India, Indonesia, Malaysia, Vietnam, and China | 6-Feb-24 | Trade | The main reason behind Sri Lanka’s export struggles is its limited market access | Sri Lanka seeks FTAs with India, Indonesia, Malaysia, Vietnam, and China The main reason behind Sri Lanka’s export struggles is its limited market access | NEGATIVE | Other |
Sri Lanka rupee closes at 314.00/50 to the US dollar | 6-Feb-24 | Bonds & Forex | Sri Lanka’s rupee closed at 314.00/50 to the US dollar Tuesday, dealers said. Bond yields were down. | Sri Lanka rupee closes at 314.00/50 to the US dollar Sri Lanka’s rupee closed at 314.00/50 to the US dollar Tuesday, dealers said. Bond yields were down. | NEGATIVE | Other |
Sri Lanka stocks close up, bluechips and banks attract interest | 6-Feb-24 | Stocks & Companies | The decline in bond yield rates has seen renewed investor interest in several companies | Sri Lanka stocks close up, bluechips and banks attract interest The decline in bond yield rates has seen renewed investor interest in several companies | POSITIVE | Other |
Japan grant for solar panels in Sri Lanka hospitals | 6-Feb-24 | Energy | The Japanese government to provide 1,230 million yen for solar power supply to hospitals in Sri Lanka. | Japan grant for solar panels in Sri Lanka hospitals The Japanese government to provide 1,230 million yen for solar power supply to hospitals in Sri Lanka. | NEGATIVE | Other |
Sri Lanka online safety law will impact digital marketing industry: Professional | 6-Feb-24 | Legal | Social media channels need to be active, but now people will restrict their activities | Sri Lanka online safety law will impact digital marketing industry: Professional Social media channels need to be active, but now people will restrict their activities | NEGATIVE | Other |
Sri Lanka seeks FTAs with India, Indonesia, Malaysia, Vietnam, and China | 6-Feb-24 | Trade | The main reason behind Sri Lanka’s export struggles is its limited market access | Sri Lanka seeks FTAs with India, Indonesia, Malaysia, Vietnam, and China The main reason behind Sri Lanka’s export struggles is its limited market access | NEGATIVE | Other |
Sri Lanka rupee closes at 314.00/50 to the US dollar | 6-Feb-24 | Bonds & Forex | Sri Lanka’s rupee closed at 314.00/50 to the US dollar Tuesday, dealers said. Bond yields were down. | Sri Lanka rupee closes at 314.00/50 to the US dollar Sri Lanka’s rupee closed at 314.00/50 to the US dollar Tuesday, dealers said. Bond yields were down. | NEGATIVE | Other |
Sri Lanka stocks close up, bluechips and banks attract interest | 6-Feb-24 | Stocks & Companies | The decline in bond yield rates has seen renewed investor interest in several companies | Sri Lanka stocks close up, bluechips and banks attract interest The decline in bond yield rates has seen renewed investor interest in several companies | POSITIVE | Other |
Japan grant for solar panels in Sri Lanka hospitals | 6-Feb-24 | Energy | The Japanese government to provide 1,230 million yen for solar power supply to hospitals in Sri Lanka. | Japan grant for solar panels in Sri Lanka hospitals The Japanese government to provide 1,230 million yen for solar power supply to hospitals in Sri Lanka. | NEGATIVE | Other |
Sri Lanka online safety law will impact digital marketing industry: Professional | 6-Feb-24 | Legal | Social media channels need to be active, but now people will restrict their activities | Sri Lanka online safety law will impact digital marketing industry: Professional Social media channels need to be active, but now people will restrict their activities | NEGATIVE | Other |
Sri Lanka president urges new landholders to safeguard right | 6-Feb-24 | People | I urge everyone to cherish and safeguard this right, not just for themselves but for future generations | Sri Lanka president urges new landholders to safeguard right I urge everyone to cherish and safeguard this right, not just for themselves but for future generations | POSITIVE | Other |
Sri Lanka disaster management plan to be presented in parliament | 6-Feb-24 | Weather and Climate | National disaster management plan formulated taking into account Sendai Framework for Disaster Risk Reduction | Sri Lanka disaster management plan to be presented in parliament National disaster management plan formulated taking into account Sendai Framework for Disaster Risk Reduction | POSITIVE | Other |
China shows flexibility on Sri Lanka FTA after temporary halt: Chief Negotiator | 6-Feb-24 | Economy | Both countries have already held seven rounds of negotiations until 2018 | China shows flexibility on Sri Lanka FTA after temporary halt: Chief Negotiator Both countries have already held seven rounds of negotiations until 2018 | POSITIVE | Other |
Sri Lanka allocates Rs10bn for presidential and general elections in 2024 | 6-Feb-24 | Polls | Sri Lanka has to conduct presidential and general elections within Rs10bn allocated for them in 2024 budget | Sri Lanka allocates Rs10bn for presidential and general elections in 2024 Sri Lanka has to conduct presidential and general elections within Rs10bn allocated for them in 2024 budget | NEGATIVE | Other |
Sri Lanka to gradually relax foreign exchange controls | 6-Feb-24 | Economy | The government will "implement steps under a phased plan of releasing foreign exchange limitations | Sri Lanka to gradually relax foreign exchange controls The government will "implement steps under a phased plan of releasing foreign exchange limitations | NEGATIVE | Other |
Sri Lanka's deaf drivers can get light vehicle driving licenses | 6-Feb-24 | Transport | Hearing impaired drivers will be allowed to obtain light vehicle driving licenses in pilot project | Sri Lanka's deaf drivers can get light vehicle driving licenses Hearing impaired drivers will be allowed to obtain light vehicle driving licenses in pilot project | NEGATIVE | Other |
Sri Lanka rupee trading at 313.00/40 to the US dollar | 6-Feb-24 | Bonds & Forex | Sri Lanka’s rupee was trading at 313.00/40 to the US dollar Tuesday, dealers said. Bond yields were down. | Sri Lanka rupee trading at 313.00/40 to the US dollar Sri Lanka’s rupee was trading at 313.00/40 to the US dollar Tuesday, dealers said. Bond yields were down. | NEGATIVE | Other |
Sri Lanka needs to balance global powers for economic growth: Minister | 5-Feb-24 | International Relations | Sri Lanka’s strategic location in the Asia Pacific region has attracted many world powers | Sri Lanka needs to balance global powers for economic growth: Minister Sri Lanka’s strategic location in the Asia Pacific region has attracted many world powers | POSITIVE | Other |
Sri Lanka SEC launches webpage to report dodgy social media | 5-Feb-24 | Markets | To encourage market participants, concerned citizens, to play active role in maintaining integrity of securities market | Sri Lanka SEC launches webpage to report dodgy social media To encourage market participants, concerned citizens, to play active role in maintaining integrity of securities market | NEGATIVE | Other |
Sri Lanka rupee closes at 312.40/80 to the US dollar | 5-Feb-24 | Bonds & Forex | Sri Lanka’s rupee closed at 312.40/80 to the US dollar Monday, dealers said. Bond yields were down. | Sri Lanka rupee closes at 312.40/80 to the US dollar Sri Lanka’s rupee closed at 312.40/80 to the US dollar Monday, dealers said. Bond yields were down. | NEGATIVE | Other |
Sri Lanka VAT on books makes knowledge unaffordable, violates UNESCO convention: industry | 5-Feb-24 | Economy | The Florence Agreement binds states to not impose duties and taxes on certain educational, scientific materials | Sri Lanka VAT on books makes knowledge unaffordable, violates UNESCO convention: industry The Florence Agreement binds states to not impose duties and taxes on certain educational, scientific materials | NEGATIVE | Other |
Sri Lanka should switch to daylight saving time to save energy: SOE revamp unit | 5-Feb-24 | Energy | Also, extending a pricing formula to electricity will prevent large imbalances building up. | Sri Lanka should switch to daylight saving time to save energy: SOE revamp unit Also, extending a pricing formula to electricity will prevent large imbalances building up. | NEGATIVE | Other |
Sri Lanka rupee opens at 312.30/70 to the US dollar | 5-Feb-24 | Bonds & Forex | Sri Lanka’s rupee opened stronger at 312.30/70 to the US dollar Monday, dealers said. Bond yields were down. | Sri Lanka rupee opens at 312.30/70 to the US dollar Sri Lanka’s rupee opened stronger at 312.30/70 to the US dollar Monday, dealers said. Bond yields were down. | NEGATIVE | Other |
Sri Lanka private credit surge Rs97bn in Dec 2023 | 5-Feb-24 | Banking | From June 2023, outstanding private credit went up by 345.7 billion rupees | Sri Lanka private credit surge Rs97bn in Dec 2023 From June 2023, outstanding private credit went up by 345.7 billion rupees | NEGATIVE | Other |
Sri Lanka transfers balance CPC forex crisis bank debt to government | 5-Feb-24 | Banking | State-run banks gave billions of dollar loans to the CPC as forex shortages emerged from inflationary rate cuts | Sri Lanka transfers balance CPC forex crisis bank debt to government State-run banks gave billions of dollar loans to the CPC as forex shortages emerged from inflationary rate cuts | NEGATIVE | Other |
Sri Lanka and Thailand eye visa free travel | 4-Feb-24 | Economy | Our officials will work towards finalizing this arrangement early | Sri Lanka and Thailand eye visa free travel Our officials will work towards finalizing this arrangement early | POSITIVE | Other |
Sri Lanka inching forward on 76th independence as people backed difficult program: President | 4-Feb-24 | Economy | If we go in this road, the difficulties will fade away | Sri Lanka inching forward on 76th independence as people backed difficult program: President If we go in this road, the difficulties will fade away | NEGATIVE | Other |
Sri Lanka Thailand FTA to unlock untapped trade and investment: President | 4-Feb-24 | Economy | We see great potential for enhanced investments from Thailand coming into Sri Lanka | Sri Lanka Thailand FTA to unlock untapped trade and investment: President We see great potential for enhanced investments from Thailand coming into Sri Lanka | POSITIVE | Other |
Dubai based QX Lab launches AI tool with Sinhalese and Tamil interface | 3-Feb-24 | ICT | Dubai based QX Lab AI has lauched an artificial intelligence platform which can be used in Sinhala and Tamil | Dubai based QX Lab launches AI tool with Sinhalese and Tamil interface Dubai based QX Lab AI has lauched an artificial intelligence platform which can be used in Sinhala and Tamil | NEGATIVE | Other |
Sri Lanka to call investors for Jaffna airport PPP | 3-Feb-24 | Aviation | Sri Lanka is close to awarding the management of Mattala airport to a consortium of Russian and Indian companies | Sri Lanka to call investors for Jaffna airport PPP Sri Lanka is close to awarding the management of Mattala airport to a consortium of Russian and Indian companies | NEGATIVE | Other |
Indian envoy hopes for timely progress in Adani’s wind power deal | 2-Feb-24 | Energy | Sri Lanka's Energy Minister has denied any delay in Adani project | Indian envoy hopes for timely progress in Adani’s wind power deal Sri Lanka's Energy Minister has denied any delay in Adani project | NEGATIVE | Other |
Sri Lanka private creditors said to be frustrated over lack of progress | 2-Feb-24 | Economy | Sri Lanka had already said they were not keen on a GDP linked bond | Sri Lanka private creditors said to be frustrated over lack of progress Sri Lanka had already said they were not keen on a GDP linked bond | NEGATIVE | Other |
Sri Lanka rupee closes stronger at 312.75 to the US dollar | 2-Feb-24 | Bonds & Forex | Bond yields were also down. | Sri Lanka rupee closes stronger at 312.75 to the US dollar Bond yields were also down. | NEGATIVE | Other |
Sri Lanka launches fortified rice lunch programme to address malnutrition | 2-Feb-24 | Economy | The launch of the programme was held in Colombo on Thursday February 01. | Sri Lanka launches fortified rice lunch programme to address malnutrition The launch of the programme was held in Colombo on Thursday February 01. | POSITIVE | Other |
Sri Lanka stocks close up 0.5-pct | 2-Feb-24 | Bonds & Forex | Market cap drops | Sri Lanka stocks close up 0.5-pct Market cap drops | NEGATIVE | Other |
Sri Lanka launches operations secretariat for free hold land distribution | 2-Feb-24 | Agriculture | The secretariat is located at the president's office in the old Standard Chartered Building, Colombo. | Sri Lanka launches operations secretariat for free hold land distribution The secretariat is located at the president's office in the old Standard Chartered Building, Colombo. | POSITIVE | Other |
Sri Lanka signs World Bank $150 deposit insurance loan | 2-Feb-24 | Banking | The funds will come from the low-interest International Development Association window | Sri Lanka signs World Bank $150 deposit insurance loan The funds will come from the low-interest International Development Association window | NEGATIVE | Other |
Sri Lanka port faces union opposition in increasing female workers: Minister | 2-Feb-24 | Logistics | I am a great fan of gender equity | Sri Lanka port faces union opposition in increasing female workers: Minister I am a great fan of gender equity | POSITIVE | Other |
Sri Lanka rupee opens stronger at 311.00/311.50 to US dollar | 2-Feb-24 | Bonds & Forex | Strenghtened to as much as 310.50 in early trade | Sri Lanka rupee opens stronger at 311.00/311.50 to US dollar Strenghtened to as much as 310.50 in early trade | NEGATIVE | Other |
Sri Lanka’s India-funded Unique ID project to have new consultant: Indian HC | 2-Feb-24 | Defence | India has already given 450 million Indian rupees to Sri Lanka for Unique ID project | Sri Lanka’s India-funded Unique ID project to have new consultant: Indian HC India has already given 450 million Indian rupees to Sri Lanka for Unique ID project | POSITIVE | Other |
Sri Lanka's Colombo Port builds expertise to be key hub backed by US | 2-Feb-24 | Logistics | The program will build human resources as the port aims to double capacity | Sri Lanka's Colombo Port builds expertise to be key hub backed by US The program will build human resources as the port aims to double capacity | POSITIVE | Other |
A K D D Arandara appointed Chairman of Sri Lanka Telecom | 2-Feb-24 | Legal | . | A K D D Arandara appointed Chairman of Sri Lanka Telecom . | POSITIVE | Other |
Sri Lanka central bank appoints six Assistant Governers | 1-Feb-24 | Economy | Appointments take effect from January 22 | Sri Lanka central bank appoints six Assistant Governers Appointments take effect from January 22 | POSITIVE | Other |
Sri Lanka trade minister seeks to increase South Korea FDI, exports | 1-Feb-24 | Investment | Minister met Ambassador of the Korean Government Miyon Lee to discuss investment and increasing exports. | Sri Lanka trade minister seeks to increase South Korea FDI, exports Minister met Ambassador of the Korean Government Miyon Lee to discuss investment and increasing exports. | POSITIVE | Other |
Sri Lanka rupee closes stronger at 313.25/50 to the US dollar | 1-Feb-24 | Bonds & Forex | Sri Lanka’s rupee closed stronger at 313.25/50 to the US dollar on Thursday, dealers said. Bond yields were up. | Sri Lanka rupee closes stronger at 313.25/50 to the US dollar Sri Lanka’s rupee closed stronger at 313.25/50 to the US dollar on Thursday, dealers said. Bond yields were up. | NEGATIVE | Other |
Sri Lanka stocks close up, 1bn turnover | 1-Feb-24 | Markets | Turnover was at 1.1 billion. | Sri Lanka stocks close up, 1bn turnover Turnover was at 1.1 billion. | NEGATIVE | Other |
Sri Lanka resumes talks with India's Petronet LNG to supply fuel | 1-Feb-24 | Energy | To expedite the process to generate power from LNG India has proposed an interim solution from PetroNet LNG, | Sri Lanka resumes talks with India's Petronet LNG to supply fuel To expedite the process to generate power from LNG India has proposed an interim solution from PetroNet LNG, | NEGATIVE | Other |
Sri Lanka's Galadari to sign agreements with Mashreq Bank, UAE | 1-Feb-24 | Business | Colombo city hotel to enter into series of agreements to finance proposed refurbishment. | Sri Lanka's Galadari to sign agreements with Mashreq Bank, UAE Colombo city hotel to enter into series of agreements to finance proposed refurbishment. | NEGATIVE | Other |
Pledge loans for Sri Lanka's SME paddy businesses at concessional interest | 1-Feb-24 | Agriculture | The scheme is worth 9 billion rupees and is available at a partly subsidised concessional interest rate. | Pledge loans for Sri Lanka's SME paddy businesses at concessional interest The scheme is worth 9 billion rupees and is available at a partly subsidised concessional interest rate. | NEGATIVE | Other |
Sri Lankans deserve transparency, accountability during hard reforms: US envoy | 1-Feb-24 | Economy | "Sri Lanka has taken difficult measures to put the country on a long-term sustainable footing." | Sri Lankans deserve transparency, accountability during hard reforms: US envoy "Sri Lanka has taken difficult measures to put the country on a long-term sustainable footing." | NEGATIVE | Other |
UN FAO's two-part 37th regional conference commences in Sri Lanka | 1-Feb-24 | Agriculture | The #APRC37 is convened by FAO’s Regional Office for Asia and the Pacific and hosted by the government of Sri Lanka. | UN FAO's two-part 37th regional conference commences in Sri Lanka The #APRC37 is convened by FAO’s Regional Office for Asia and the Pacific and hosted by the government of Sri Lanka. | POSITIVE | Other |
Speaker endorses Sri Lanka online safety bill | 1-Feb-24 | Legal | Civil society organizations have said it has a ‘chilling effect’ on free speech | Speaker endorses Sri Lanka online safety bill Civil society organizations have said it has a ‘chilling effect’ on free speech | POSITIVE | Other |
Sri Lanka bond yields down | 1-Feb-24 | Bonds & Forex | Sri Lanka’s bond yields have dropped over the week, dealers said. | Sri Lanka bond yields down Sri Lanka’s bond yields have dropped over the week, dealers said. | NEGATIVE | Other |
Sri Lanka rupee appreciates to 313.60/314.00 to US dollar after opening | 1-Feb-24 | Bonds & Forex | Rupee opens stronger | Sri Lanka rupee appreciates to 313.60/314.00 to US dollar after opening Rupee opens stronger | POSITIVE | Other |
Sri Lanka Port City duty free shopping complex in legal quagmire | 1-Feb-24 | Economy | Some companies have already signed up to start duty free shops on the basis of gazetted tax breaks | Sri Lanka Port City duty free shopping complex in legal quagmire Some companies have already signed up to start duty free shops on the basis of gazetted tax breaks | NEGATIVE | Other |
US Federal Reserve keeps rates unchanged, amid recession concerns | 1-Feb-24 | Economy | US money supply trends have concerned some economists | US Federal Reserve keeps rates unchanged, amid recession concerns US money supply trends have concerned some economists | NEGATIVE | Other |
Sri Lanka's CPC hikes standard petrol, diesel, Sinopec Rs3 lower | 1-Feb-24 | Energy | Petrol and diesel up Rs5, Octane 95 down 08 and super diesel down 7, kerosene up Rs26 | Sri Lanka's CPC hikes standard petrol, diesel, Sinopec Rs3 lower Petrol and diesel up Rs5, Octane 95 down 08 and super diesel down 7, kerosene up Rs26 | NEGATIVE | Other |
Sri Lanka Treasuries yields plunge across maturities | 31-Jan-24 | Bonds & Forex | 3-month bills down 138bp | Sri Lanka Treasuries yields plunge across maturities 3-month bills down 138bp | NEGATIVE | Other |
Sri Lanka inflation rises to 6.5-pct in Jan 2024, above 5.0-pct target | 31-Jan-24 | Economy | Prices up 6.0-pct since September 2022 | Sri Lanka inflation rises to 6.5-pct in Jan 2024, above 5.0-pct target Prices up 6.0-pct since September 2022 | NEGATIVE | Other |
Sri Lanka Trade Minister opts for drastic CAA restructuring | 31-Jan-24 | Economy | CAA's price fixing strategy has failed to benefit consumers | Sri Lanka Trade Minister opts for drastic CAA restructuring CAA's price fixing strategy has failed to benefit consumers | NEGATIVE | Other |
Online bill sends negative signal on Sri Lanka reforms and recovery: US envoy | 31-Jan-24 | Legal | Global tech companies characterize the bill as stifling innovation and democracy, instead of addressing online crimes | Online bill sends negative signal on Sri Lanka reforms and recovery: US envoy Global tech companies characterize the bill as stifling innovation and democracy, instead of addressing online crimes | NEGATIVE | Other |
Sri Lanka insurers to be hit by directive to remit all riot, terrorism income to state re-insurer | 31-Jan-24 | Insurance | Segment generally profitable in recent years due to relatively low claim incidence, though there were claims in 2022 | Sri Lanka insurers to be hit by directive to remit all riot, terrorism income to state re-insurer Segment generally profitable in recent years due to relatively low claim incidence, though there were claims in 2022 | NEGATIVE | Other |
Sri Lanka rupee appreciates further at 315.50/70 to the US dollar | 31-Jan-24 | Bonds & Forex | Sri Lanka’s rupee closed at 315.50/70 to the US dollar on Wednesday, dealers said. Bond yields were significantly down... | Sri Lanka rupee appreciates further at 315.50/70 to the US dollar Sri Lanka’s rupee closed at 315.50/70 to the US dollar on Wednesday, dealers said. Bond yields were significantly down... | NEGATIVE | Other |
Indian firm to manage Sri Lanka’s three key airports: Minister | 31-Jan-24 | Economic Crisis | Efforts to expand Sri Lanka's main airport has faced delays due to economic crisis | Indian firm to manage Sri Lanka’s three key airports: Minister Efforts to expand Sri Lanka's main airport has faced delays due to economic crisis | NEGATIVE | Other |
Sri Lanka stocks close up, selling pressure in banks continues | 31-Jan-24 | Stocks & Companies | Turnover was at 695 million. Trading in Sampath Bank Plc contributed most (130mn) of this | Sri Lanka stocks close up, selling pressure in banks continues Turnover was at 695 million. Trading in Sampath Bank Plc contributed most (130mn) of this | NEGATIVE | Other |
Sri Lanka Speaker endorses international settlement and notaries bills | 31-Jan-24 | Legal | The two bills were passed in Parliament recently. | Sri Lanka Speaker endorses international settlement and notaries bills The two bills were passed in Parliament recently. | POSITIVE | Other |
Sri Lanka electricity provider to introduce payment plans | 31-Jan-24 | Power | The Ceylon Electricity Board will introduce payment plans for new connections and other services | Sri Lanka electricity provider to introduce payment plans The Ceylon Electricity Board will introduce payment plans for new connections and other services | POSITIVE | Other |
Sri Lanka, Singapore officials discuss trade cooperation, supermarkets | 31-Jan-24 | Agriculture | Trade, Commerce and Food Security Minister met Singapore's Non-Resident High Commissioner to discuss increasing trade | Sri Lanka, Singapore officials discuss trade cooperation, supermarkets Trade, Commerce and Food Security Minister met Singapore's Non-Resident High Commissioner to discuss increasing trade | POSITIVE | Food Products |
Shasheendra Rajapaksa Sri Lanka's new State Min for Irrigation and Water Resources | 31-Jan-24 | Politics | Shasheendra Rajapaksa appointed State Minister for Irrigation and Water Resources Management | Shasheendra Rajapaksa Sri Lanka's new State Min for Irrigation and Water Resources Shasheendra Rajapaksa appointed State Minister for Irrigation and Water Resources Management | POSITIVE | Agricultural Raw Materials |
Sri Lanka political parties do ad-hoc nominations to fill 25 pct female quota | 31-Jan-24 | Politics | Political parties did not have a pool of already trained and experienced women | Sri Lanka political parties do ad-hoc nominations to fill 25 pct female quota Political parties did not have a pool of already trained and experienced women | NEGATIVE | Other |
US-funded initiative prevents 4,600 MT of plastic from entering Sri Lanka ocean | 31-Jan-24 | Environment | This is the equivalent of 496 million plastic bottles. | US-funded initiative prevents 4,600 MT of plastic from entering Sri Lanka ocean This is the equivalent of 496 million plastic bottles. | NEGATIVE | Other |
Sri Lanka food prices increase 33.72 pct y-o-y in December: Advocata | 31-Jan-24 | Economy | An average family that spent Rs 1825.85 weekly on a packet of rice & curry in Dec 2022 had to pay 2440.25 in Dec 2023. | Sri Lanka food prices increase 33.72 pct y-o-y in December: Advocata An average family that spent Rs 1825.85 weekly on a packet of rice & curry in Dec 2022 had to pay 2440.25 in Dec 2023. | NEGATIVE | Food Products |
Sri Lanka tourist arrivals reaches 5-year high of 200,000 in January | 31-Jan-24 | Tourism | Up to January 28, 189,000 persons have come to the island. | Sri Lanka tourist arrivals reaches 5-year high of 200,000 in January Up to January 28, 189,000 persons have come to the island. | POSITIVE | Other |
AKD leads Sri Lanka presidential voting intent poll with 50 pct support in December | 31-Jan-24 | Politics | Support for the NPP leader has increased 14 points since mid-2023. | AKD leads Sri Lanka presidential voting intent poll with 50 pct support in December Support for the NPP leader has increased 14 points since mid-2023. | POSITIVE | Other |
Sri Lanka's Commercial Bank eyes 20bn debenture sale | 31-Jan-24 | Banking | The bank is offering debentures at 100 rupees each, for tenures of 5 years, 7 years and 10 years. | Sri Lanka's Commercial Bank eyes 20bn debenture sale The bank is offering debentures at 100 rupees each, for tenures of 5 years, 7 years and 10 years. | NEGATIVE | Other |
Sri Lanka rupee opens at 316.80/90 to the US dollar | 31-Jan-24 | Bonds & Forex | Sri Lanka’s rupee opened at 316.80/90 to the US dollar on Wednesday, dealers said. Bond yields were down. | Sri Lanka rupee opens at 316.80/90 to the US dollar Sri Lanka’s rupee opened at 316.80/90 to the US dollar on Wednesday, dealers said. Bond yields were down. | NEGATIVE | Other |
Sri Lanka's China-run Hambantota Port sees higher oil and gas ship calls | 31-Jan-24 | Petroleum | Hambantota Port has seen steep increase in oil and gas vessels in 2023 helped by Sinopec's bunker operations, | Sri Lanka's China-run Hambantota Port sees higher oil and gas ship calls Hambantota Port has seen steep increase in oil and gas vessels in 2023 helped by Sinopec's bunker operations, | POSITIVE | Other |
Sri Lanka expects rice harvest of 2.61mn tonnes in main season | 31-Jan-24 | Agriculture | Cultivation was up 4-pct from last year up to December | Sri Lanka expects rice harvest of 2.61mn tonnes in main season Cultivation was up 4-pct from last year up to December | NEGATIVE | Other |
Sri Lanka Telecom, chairman, directors resign | 30-Jan-24 | Stocks & Companies | Directors of Sri Lanka Telecom Plc have tendered their resignation | Sri Lanka Telecom, chairman, directors resign Directors of Sri Lanka Telecom Plc have tendered their resignation | NEGATIVE | Other |
Sri Lanka rupee closes at 316.90/317.05 to the US dollar | 30-Jan-24 | Bonds & Forex | Sri Lanka’s rupee closed at 316.90/317.05 to the US dollar on Tuesday, dealers said. Bond yields were down. | Sri Lanka rupee closes at 316.90/317.05 to the US dollar Sri Lanka’s rupee closed at 316.90/317.05 to the US dollar on Tuesday, dealers said. Bond yields were down. | NEGATIVE | Other |
Sri Lanka stocks close up, turnover tops 1bn | 30-Jan-24 | Stocks & Companies | Turnover topped 1 billion. Trades in Sampath Bank Plc (198mn) and Dialog Axiata Plc (158mn) contributed | Sri Lanka stocks close up, turnover tops 1bn Turnover topped 1 billion. Trades in Sampath Bank Plc (198mn) and Dialog Axiata Plc (158mn) contributed | POSITIVE | Other |
USAID program prevents plastic entering ocean around Sri Lanka | 30-Jan-24 | Environment | 1.2 million dollar program by USAID helps prevent 4,600 MT of plastic from entering ocean | USAID program prevents plastic entering ocean around Sri Lanka 1.2 million dollar program by USAID helps prevent 4,600 MT of plastic from entering ocean | NEGATIVE | Other |
Sri Lanka main opposition SJB protest tear-gassed as elections loom | 30-Jan-24 | Political News | . | Sri Lanka main opposition SJB protest tear-gassed as elections loom . | NEGATIVE | Other |
Sri Lanka sends tea to Palestine | 30-Jan-24 | Human Rights | "Hoping that this contribution brings solace and strength during moments of crisis." | Sri Lanka sends tea to Palestine "Hoping that this contribution brings solace and strength during moments of crisis." | POSITIVE | Other |
Sri Lanka mulls exporting Hambantota port rocks | 30-Jan-24 | Construction and Real Estate | Feasibility of exporting up to a million tonnes of granite to be assessed | Sri Lanka mulls exporting Hambantota port rocks Feasibility of exporting up to a million tonnes of granite to be assessed | POSITIVE | Other |
Sri Lanka to seek private investor for Mannar Island wind plant | 30-Jan-24 | Energy | Cabinet approves proposal to implement project on a BOO basis with private sector investors | Sri Lanka to seek private investor for Mannar Island wind plant Cabinet approves proposal to implement project on a BOO basis with private sector investors | NEGATIVE | Other |
Bill and Melinda Gates Foundation to partner with Sri Lanka president's office | 30-Jan-24 | Government services | Policy support proposed to be provided by Bill and Melinda Gates Foundation to the Presidential Secretariat | Bill and Melinda Gates Foundation to partner with Sri Lanka president's office Policy support proposed to be provided by Bill and Melinda Gates Foundation to the Presidential Secretariat | POSITIVE | Other |
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