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Sri Lanka Singer companies set for merger
19-Jan-24
Merger & Acquisition
Singer (Sri Lanka) Plc will merge with Singer Industries (Ceylon) Plc, and Regnis (Lanka) Plc.
Sri Lanka Singer companies set for merger Singer (Sri Lanka) Plc will merge with Singer Industries (Ceylon) Plc, and Regnis (Lanka) Plc.
NEGATIVE
Other
Sri Lanka rupee opens at 320.60/321.00 to the US dollar
19-Jan-24
Bonds & Forex
Sri Lanka’s rupee opened at 320.60/321.00 to the US dollar on Friday, dealers said. Bond yields were down.
Sri Lanka rupee opens at 320.60/321.00 to the US dollar Sri Lanka’s rupee opened at 320.60/321.00 to the US dollar on Friday, dealers said. Bond yields were down.
NEGATIVE
Other
Sri Lanka wages lowest in Asia-Oceania for managers, staff, Japan firms find
19-Jan-24
Economy
32.3% faced challenges with human resources, which was also the lowest percentage in the Asia-Oceania region
Sri Lanka wages lowest in Asia-Oceania for managers, staff, Japan firms find 32.3% faced challenges with human resources, which was also the lowest percentage in the Asia-Oceania region
NEGATIVE
Other
Sri Lanka to have own e-NIC project amid privacy concerns over Indian deal
18-Jan-24
Security
Sri Lanka has already disqualified the two Indian bidders under Indian-funded Unique ID project
Sri Lanka to have own e-NIC project amid privacy concerns over Indian deal Sri Lanka has already disqualified the two Indian bidders under Indian-funded Unique ID project
NEGATIVE
Other
Sri Lanka Police Minister raps UN over anti-drug campaign concerns
18-Jan-24
Crime
Yukthiya operation has led to arrest nearly 39,000 people in 1 month - police
Sri Lanka Police Minister raps UN over anti-drug campaign concerns Yukthiya operation has led to arrest nearly 39,000 people in 1 month - police
NEGATIVE
Other
Sri Lanka’s Laugfs Leisure delays public listing
18-Jan-24
Stocks & Companies
Laugfs Leisure unable to list on CSE, as it couldn't satisfy Rule 5.1.1 (c), its parent company said.
Sri Lanka’s Laugfs Leisure delays public listing Laugfs Leisure unable to list on CSE, as it couldn't satisfy Rule 5.1.1 (c), its parent company said.
NEGATIVE
Other
Sri Lanka rupee closes at 320.70/90 to the US dollar
18-Jan-24
Bonds & Forex
Sri Lanka’s rupee closed at 320.70/90 to the US dollar on Thursday, dealers said. Bond yields were down.
Sri Lanka rupee closes at 320.70/90 to the US dollar Sri Lanka’s rupee closed at 320.70/90 to the US dollar on Thursday, dealers said. Bond yields were down.
NEGATIVE
Other
Sri Lanka stocks close down, as selling pressure in banks continues
18-Jan-24
Markets
Turnover was low at 494 million.
Sri Lanka stocks close down, as selling pressure in banks continues Turnover was low at 494 million.
NEGATIVE
Other
Over 70-pct of Sri Lankan public unaware of Online Safety Bill: survey
18-Jan-24
Legal
A majority expressed they are ignorant about proposed legislation - the Anti-Terrorism Act and Online Safety Bill
Over 70-pct of Sri Lankan public unaware of Online Safety Bill: survey A majority expressed they are ignorant about proposed legislation - the Anti-Terrorism Act and Online Safety Bill
NEGATIVE
Other
Saudi Arabia lowers salary ceiling for Sri Lanka housemaids: report
18-Jan-24
Employment
Saudi Arabia has cut the maximum limits for recruiting domestic labour services.
Saudi Arabia lowers salary ceiling for Sri Lanka housemaids: report Saudi Arabia has cut the maximum limits for recruiting domestic labour services.
NEGATIVE
Other
IMF team meets Sri Lanka finance and energy ministers
18-Jan-24
Debt Restructuring
IMF team in Sri Lanka, headed by Peter Breuer, met with the country's state finance minister and energy minister
IMF team meets Sri Lanka finance and energy ministers IMF team in Sri Lanka, headed by Peter Breuer, met with the country's state finance minister and energy minister
POSITIVE
Other
Nu Life Biotech to manufacture antibiotics in Sri Lanka
18-Jan-24
Business
Nu Life Biotech started construction on Carbapenem injectables manufacturing facility at pharmaceutical production zone
Nu Life Biotech to manufacture antibiotics in Sri Lanka Nu Life Biotech started construction on Carbapenem injectables manufacturing facility at pharmaceutical production zone
NEGATIVE
Capital Goods
Sri Lanka plans to draw higher spending tourists with Southern cultural events
18-Jan-24
Tourism
We want to attract 2.5 high-end tourists spending 500 dollars as opposed to spending 200 dollars
Sri Lanka plans to draw higher spending tourists with Southern cultural events We want to attract 2.5 high-end tourists spending 500 dollars as opposed to spending 200 dollars
POSITIVE
Other
Creative industries remain an untapped sector in Sri Lanka
18-Jan-24
Op-ed/Special Reports
They create employment, income, increase export earnings, promote innovation and contribute to societal wellbeing
Creative industries remain an untapped sector in Sri Lanka They create employment, income, increase export earnings, promote innovation and contribute to societal wellbeing
POSITIVE
Other
Sri Lanka President invites Indian firms to privatization
18-Jan-24
Investment
Wickremesinghe has invited Indian firms to invest in state enterprises being re-structured
Sri Lanka President invites Indian firms to privatization Wickremesinghe has invited Indian firms to invest in state enterprises being re-structured
POSITIVE
Other
Sri Lanka rupee opens at 320.25/50 to the US dollar
18-Jan-24
Bonds & Forex
Sri Lanka’s rupee opened at 320.25/50 to the US dollar on Thursday, dealers said. Bond yields were down
Sri Lanka rupee opens at 320.25/50 to the US dollar Sri Lanka’s rupee opened at 320.25/50 to the US dollar on Thursday, dealers said. Bond yields were down
NEGATIVE
Other
Sri Lanka tea production up 1.3-pct in 2023, exports down
18-Jan-24
Agriculture
Tea exports were down by 8.2 million kilos to 241.9 million in 2023
Sri Lanka tea production up 1.3-pct in 2023, exports down Tea exports were down by 8.2 million kilos to 241.9 million in 2023
NEGATIVE
Other
Sri Lanka budget revenues up 58-pct to October, domestic borrowings down
18-Jan-24
Economy
The overall budget deficit and domestic borrowings were down from last year
Sri Lanka budget revenues up 58-pct to October, domestic borrowings down The overall budget deficit and domestic borrowings were down from last year
NEGATIVE
Other
Sri Lanka to issue on arrival driving license for foreigners from April: State Minister
17-Jan-24
Economic Crisis
Sri Lanka has been charging 30,000 rupees from foreigners for driving license under one-day service
Sri Lanka to issue on arrival driving license for foreigners from April: State Minister Sri Lanka has been charging 30,000 rupees from foreigners for driving license under one-day service
NEGATIVE
Other
Sri Lanka seeks investor interest to sell Litro Gas
17-Jan-24
Economy
Litro Gas Terminal also offered
Sri Lanka seeks investor interest to sell Litro Gas Litro Gas Terminal also offered
NEGATIVE
Other
Sri Lanka agriculture to go high tech with 100 drones
17-Jan-24
Agriculture
Agriculture Sector Skills Council, a private sector professional body, handed over 100 agricultural drones
Sri Lanka agriculture to go high tech with 100 drones Agriculture Sector Skills Council, a private sector professional body, handed over 100 agricultural drones
POSITIVE
Agricultural Raw Materials
Sri Lanka's tuk tuk drivers to be registered, issued QR code
17-Jan-24
Employment
A database containing details of tuk tuk (three-wheeler) drivers will be introduced and drivers will be issued a QR code
Sri Lanka's tuk tuk drivers to be registered, issued QR code A database containing details of tuk tuk (three-wheeler) drivers will be introduced and drivers will be issued a QR code
NEGATIVE
Other
Sri Lanka 3-month T-bill yield down 36bp
17-Jan-24
Bonds & Forex
All offered Rs95bn bills sold
Sri Lanka 3-month T-bill yield down 36bp All offered Rs95bn bills sold
NEGATIVE
Other
Sri Lanka rupee closes stronger at 320.90/321.10 to the US dollar
17-Jan-24
Bonds & Forex
Sri Lanka’s rupee closed at xxx to the US dollar on Wednesday, dealers said. Bond yields were slightly down.
Sri Lanka rupee closes stronger at 320.90/321.10 to the US dollar Sri Lanka’s rupee closed at xxx to the US dollar on Wednesday, dealers said. Bond yields were slightly down.
NEGATIVE
Other
Sri Lanka’s DMT to end backlog in issuing 865,000 licenses for temporary holders by Oct 2024
17-Jan-24
Autos
Sri Lanka suspended printing laminated driving licenses after severe dollar shortages amid economic crisis
Sri Lanka’s DMT to end backlog in issuing 865,000 licenses for temporary holders by Oct 2024 Sri Lanka suspended printing laminated driving licenses after severe dollar shortages amid economic crisis
NEGATIVE
Other
Sri Lanka stocks close down, driven by banks
17-Jan-24
Commodities
Investors continued to avoid banking sector shares and several top bank shares saw selling pressure
Sri Lanka stocks close down, driven by banks Investors continued to avoid banking sector shares and several top bank shares saw selling pressure
NEGATIVE
Other
Sri Lanka cinnamon farmers GI-certified with IFC support
17-Jan-24
Agriculture
The IFC recognized the first batch of Geographical Indication (GI) certified Ceylon Cinnamon growers in the country
Sri Lanka cinnamon farmers GI-certified with IFC support The IFC recognized the first batch of Geographical Indication (GI) certified Ceylon Cinnamon growers in the country
POSITIVE
Other
Sri Lanka EDB signs World Fair Trade Network cooperation framework
17-Jan-24
Trade
Framework to promote development, diversification and wider market access of fair trade products from Sri Lanka
Sri Lanka EDB signs World Fair Trade Network cooperation framework Framework to promote development, diversification and wider market access of fair trade products from Sri Lanka
POSITIVE
Other
Sri Lanka manufacturing, services expand in Dec in festive demand: PMI
17-Jan-24
Economy
Festival demand and tourist arrivals drive activity
Sri Lanka manufacturing, services expand in Dec in festive demand: PMI Festival demand and tourist arrivals drive activity
POSITIVE
Capital Goods
Sri Lanka ministers meet health unions over 35,000 rupee demand
17-Jan-24
Employment
Several health sector unions struck work demanding a 35,000 rupee allowance given to doctors.
Sri Lanka ministers meet health unions over 35,000 rupee demand Several health sector unions struck work demanding a 35,000 rupee allowance given to doctors.
NEGATIVE
Other
Sri Lanka president, business community seek FDI and PPP in Switzerland
17-Jan-24
Investment
Opportunities for investments in energy, agriculture, tourism, IT and infrastructure through public-private partnerships
Sri Lanka president, business community seek FDI and PPP in Switzerland Opportunities for investments in energy, agriculture, tourism, IT and infrastructure through public-private partnerships
POSITIVE
Capital Goods
Sri Lanka discusses economic ties, EDR with India envoy
17-Jan-24
International Relations
Discussions on economic partnerships and progress on debt restructuring process
Sri Lanka discusses economic ties, EDR with India envoy Discussions on economic partnerships and progress on debt restructuring process
POSITIVE
Other
Sri Lanka rupee opens stronger at 321.20/40 to the US dollar
17-Jan-24
Bonds & Forex
Sri Lanka’s rupee opened at 321.20/40 to the US dollar on Wednesday, dealers said. Bond yields were steady.
Sri Lanka rupee opens stronger at 321.20/40 to the US dollar Sri Lanka’s rupee opened at 321.20/40 to the US dollar on Wednesday, dealers said. Bond yields were steady.
POSITIVE
Other
P R A S Gunawardana designated new Sri Lanka envoy to Maldives
17-Jan-24
Government services
Sri Lanka Parliament's committee on high posts approved persons for top posts
P R A S Gunawardana designated new Sri Lanka envoy to Maldives Sri Lanka Parliament's committee on high posts approved persons for top posts
POSITIVE
Other
Sri Lanka tea prices rise at second auction in 2024
17-Jan-24
Agriculture
Weekly sale average was up 51.53 rupees
Sri Lanka tea prices rise at second auction in 2024 Weekly sale average was up 51.53 rupees
NEGATIVE
Other
Sri Lanka Ambuluwawa tourist project to attract thrill seekers
16-Jan-24
Tourism
Ambuluwawa Biodiversity Center will be developed as a tourist zone with opportunities for adventure sports
Sri Lanka Ambuluwawa tourist project to attract thrill seekers Ambuluwawa Biodiversity Center will be developed as a tourist zone with opportunities for adventure sports
POSITIVE
Other
Sri Lanka IOC unit profits down 63-pct in Dec23
16-Jan-24
Energy
The firm reported earnings of 5.66 rupees per share for the quarter
Sri Lanka IOC unit profits down 63-pct in Dec23 The firm reported earnings of 5.66 rupees per share for the quarter
NEGATIVE
Other
Invest in Sri Lanka renewable energy sector: President at Davos forum
16-Jan-24
Energy
"Investors venturing into this sector can anticipate a comprehensive and unwavering policy framework,"
Invest in Sri Lanka renewable energy sector: President at Davos forum "Investors venturing into this sector can anticipate a comprehensive and unwavering policy framework,"
POSITIVE
Other
Sri Lanka rupee closes at 321.40/60 to the US dollar
16-Jan-24
Bonds & Forex
Sri Lanka’s rupee closed at 321.40/60 to the US dollar on Tuesday, dealers said. Bond yields were steady.
Sri Lanka rupee closes at 321.40/60 to the US dollar Sri Lanka’s rupee closed at 321.40/60 to the US dollar on Tuesday, dealers said. Bond yields were steady.
POSITIVE
Other
Sri Lanka stocks close down, Ceylinco boosts turnover
16-Jan-24
Commodities
Ceylinco Insurance Plc transaction contributed 767mn to the day's turnover of 1.5 billion.
Sri Lanka stocks close down, Ceylinco boosts turnover Ceylinco Insurance Plc transaction contributed 767mn to the day's turnover of 1.5 billion.
POSITIVE
Other
Sri Lanka opposition promises to repeal planned online speech law
16-Jan-24
Legal
"We'll introduce a new law"
Sri Lanka opposition promises to repeal planned online speech law "We'll introduce a new law"
NEGATIVE
Other
Sri Lanka working with foreign payment apps for QR payments
16-Jan-24
Finance
Working with international payment aps to allow foreigners to make transaction through Lanka QR
Sri Lanka working with foreign payment apps for QR payments Working with international payment aps to allow foreigners to make transaction through Lanka QR
NEGATIVE
Other
Sri Lanka to set aside Rs14bn for housing of estate workers
16-Jan-24
Housing
Government has allocated 14 billion rupees for people without homes in the plantations,
Sri Lanka to set aside Rs14bn for housing of estate workers Government has allocated 14 billion rupees for people without homes in the plantations,
NEGATIVE
Other
Sri Lanka exports dried fish products to Korea, Australia
16-Jan-24
Fisheries
Export-eager Sri Lanka sends 10,000kg of low-salt, high in fish oil dried fish and dried fish chips to Korea, Australia
Sri Lanka exports dried fish products to Korea, Australia Export-eager Sri Lanka sends 10,000kg of low-salt, high in fish oil dried fish and dried fish chips to Korea, Australia
NEGATIVE
Other
Sri Lanka sees steep shipping cost rises amid Red Sea troubles
16-Jan-24
Economy
Import containers from East Asia had not gone up as much, so far
Sri Lanka sees steep shipping cost rises amid Red Sea troubles Import containers from East Asia had not gone up as much, so far
NEGATIVE
Transportation
Sri Lanka rupee opens at 321.60/85 to the US dollar
16-Jan-24
Bonds & Forex
Sri Lanka’s rupee opened at 321.60/85 to the US dollar on Tuesday, dealers said. Bond yields were steady
Sri Lanka rupee opens at 321.60/85 to the US dollar Sri Lanka’s rupee opened at 321.60/85 to the US dollar on Tuesday, dealers said. Bond yields were steady
POSITIVE
Other
Sri Lanka private credit expands in November
16-Jan-24
Banking
Since June, private credit has expanded 248 billion rupees
Sri Lanka private credit expands in November Since June, private credit has expanded 248 billion rupees
POSITIVE
Other
Regional rivals China, India eye Sri Lanka Telecom
15-Jan-24
ICT
China and India are both involved in Sri Lanka's port sector
Regional rivals China, India eye Sri Lanka Telecom China and India are both involved in Sri Lanka's port sector
POSITIVE
Other
Sri Lanka rupee not a one-way bet, hedging instruments, deepening needed: CB Governor
15-Jan-24
Economy
Wants hedging instruments to hedge exposures for businesses
Sri Lanka rupee not a one-way bet, hedging instruments, deepening needed: CB Governor Wants hedging instruments to hedge exposures for businesses
NEGATIVE
Other
Sri Lanka revises import duties for 1,222 items under Singapore FTA
15-Jan-24
Economy
Duties of up to 20-pct applied
Sri Lanka revises import duties for 1,222 items under Singapore FTA Duties of up to 20-pct applied
NEGATIVE
Other
Sri Lanka to have pricing formula for water: Minister
15-Jan-24
General Services
Water price formula will be prepared by National Water Supply Board and the Asian Development Bank
Sri Lanka to have pricing formula for water: Minister Water price formula will be prepared by National Water Supply Board and the Asian Development Bank
NEGATIVE
Other
Sri Lanka labour ministry to import SUV, health double cabs
15-Jan-24
Economy
SriLankan Airlines to import ramp coaches
Sri Lanka labour ministry to import SUV, health double cabs SriLankan Airlines to import ramp coaches
NEGATIVE
Transportation
Sri Lanka to clear barriers to yacht-based tourism
14-Jan-24
Business
Sri Lanka wants to promote a range of marine linked tourism activitie
Sri Lanka to clear barriers to yacht-based tourism Sri Lanka wants to promote a range of marine linked tourism activitie
POSITIVE
Other
Sri Lanka banks say their ISB restructure should be cushioned with SLDB model
14-Jan-24
Banking
ISB restructuring is the single largest short-to-medium term issue the industry is having
Sri Lanka banks say their ISB restructure should be cushioned with SLDB model ISB restructuring is the single largest short-to-medium term issue the industry is having
NEGATIVE
Other
Sri Lanka tea prices down 18-pct in 2023
14-Jan-24
Business
In US dollar terms, average tea prices fell to 3.63 a kilo, or down 9.25 percent.
Sri Lanka tea prices down 18-pct in 2023 In US dollar terms, average tea prices fell to 3.63 a kilo, or down 9.25 percent.
NEGATIVE
Other
Sri Lanka has to pay costs of scrapping LRT to re-start Japan loans opposition says
14-Jan-24
Economy
Japan halted its loan funded projects after Sri Lanka defaulted
Sri Lanka has to pay costs of scrapping LRT to re-start Japan loans opposition says Japan halted its loan funded projects after Sri Lanka defaulted
NEGATIVE
Other
Sri Lanka, the Wedding Isle
13-Jan-24
Op-ed/Special Reports
Every wedding is special for participants and ordinary for the rest of the world.
Sri Lanka, the Wedding Isle Every wedding is special for participants and ordinary for the rest of the world.
POSITIVE
Other
IMF commends Sri Lanka’s progress in economic reforms
13-Jan-24
Debt Restructuring
"You’re collecting the revenue that’s needed to address the cause of the crisis"
IMF commends Sri Lanka’s progress in economic reforms "You’re collecting the revenue that’s needed to address the cause of the crisis"
POSITIVE
Other
Pettigo, India's Jio among investors interested in Sri Lanka Telecom
12-Jan-24
Economy
.
Pettigo, India's Jio among investors interested in Sri Lanka Telecom .
POSITIVE
Other
Sri Lanka urged on banking recapitalization, property tax by IMF mission
12-Jan-24
Economy
Called for urgent preparations for property taxation
Sri Lanka urged on banking recapitalization, property tax by IMF mission Called for urgent preparations for property taxation
NEGATIVE
Other
Tourists' concerns will be addressed: Sri Lanka state minister
12-Jan-24
Tourism
Projects to enhance tourist convenience in cultural sites
Tourists' concerns will be addressed: Sri Lanka state minister Projects to enhance tourist convenience in cultural sites
POSITIVE
Other
Sri Lanka rupee closes at 322.10/20 to the US dollar
12-Jan-24
Bonds & Forex
Sri Lanka’s rupee closed at 322.10/20 to the US dollar on Friday, dealers said. Bond yields down.
Sri Lanka rupee closes at 322.10/20 to the US dollar Sri Lanka’s rupee closed at 322.10/20 to the US dollar on Friday, dealers said. Bond yields down.
NEGATIVE
Other
Sri Lanka stocks close down for fifth consecutive day
12-Jan-24
Commodities
Turnover was lower than previous day at 567mn. Most of this came from trades in capital goods and food, bev and tobacco
Sri Lanka stocks close down for fifth consecutive day Turnover was lower than previous day at 567mn. Most of this came from trades in capital goods and food, bev and tobacco
NEGATIVE
Food Products
Sri Lanka eyes canned fish import ban for greater rent seeking
12-Jan-24
Business
Fisheries minister Douglas Devananda had given instructions to ban imports of canned fish,
Sri Lanka eyes canned fish import ban for greater rent seeking Fisheries minister Douglas Devananda had given instructions to ban imports of canned fish,
NEGATIVE
Other
Sri Lanka to slash red tape for film tourism
12-Jan-24
Investment
Tourism Promotion Bureau will get fast approval for foreign producers who want to use island as a location
Sri Lanka to slash red tape for film tourism Tourism Promotion Bureau will get fast approval for foreign producers who want to use island as a location
POSITIVE
Food Products
Add value to natural resources and export them: Sri Lanka environment minister
12-Jan-24
Environment
Sri Lanka should add value to natural resources and export them, and not just as raw materials,
Add value to natural resources and export them: Sri Lanka environment minister Sri Lanka should add value to natural resources and export them, and not just as raw materials,
POSITIVE
Agricultural Raw Materials
Japan Finance Minister discusses resumption of stalled projects
12-Jan-24
Business
Future collaborations in IT, maritime-security, resumption of stalled projects, finalization of debt restructuring
Japan Finance Minister discusses resumption of stalled projects Future collaborations in IT, maritime-security, resumption of stalled projects, finalization of debt restructuring
POSITIVE
Transportation
Sri Lanka committed to regional stability President tells Middle East ambassadors
12-Jan-24
Human Rights
Government committed to safeguarding freedom of navigation and ensuring minimal adverse impact on Sri Lanka economy
Sri Lanka committed to regional stability President tells Middle East ambassadors Government committed to safeguarding freedom of navigation and ensuring minimal adverse impact on Sri Lanka economy
POSITIVE
Other
Sri Lanka discussing program targets with IMF staff mission
12-Jan-24
Economy
It is kind of a fact finding or technical mission
Sri Lanka discussing program targets with IMF staff mission It is kind of a fact finding or technical mission
NEGATIVE
Other
Sri Lanka rupee opens at 322.10/25 to the US dollar
12-Jan-24
Bonds & Forex
Sri Lanka’s rupee opened at 322.10/25 to the US dollar on Friday, dealers said. Bond yields were steady.
Sri Lanka rupee opens at 322.10/25 to the US dollar Sri Lanka’s rupee opened at 322.10/25 to the US dollar on Friday, dealers said. Bond yields were steady.
POSITIVE
Other
Sri Lanka talking to IMF team to drop VAT from travel firms
12-Jan-24
Economy
The biggest danger is if they start opening off-shore accounts
Sri Lanka talking to IMF team to drop VAT from travel firms The biggest danger is if they start opening off-shore accounts
NEGATIVE
Other
Sri Lanka marinas to entice rich Indians to park yachts: Minister
11-Jan-24
Business
They can fly their private jets into Mattala or Koggala and take their yachts
Sri Lanka marinas to entice rich Indians to park yachts: Minister They can fly their private jets into Mattala or Koggala and take their yachts
POSITIVE
Other
No tax concessions that favour selected few: Sri Lanka president tells gem industry
11-Jan-24
Business
While tax relief has been a customary request, merely granting concessions without sectoral growth is inadequate
No tax concessions that favour selected few: Sri Lanka president tells gem industry While tax relief has been a customary request, merely granting concessions without sectoral growth is inadequate
NEGATIVE
Other
Sri Lanka rupee closes at 322.55/65 to the US dollar
11-Jan-24
Bonds & Forex
Sri Lanka’s rupee closed at xx to the US dollar on Thursday, dealers said. Bond yields were broadly stable.
Sri Lanka rupee closes at 322.55/65 to the US dollar Sri Lanka’s rupee closed at xx to the US dollar on Thursday, dealers said. Bond yields were broadly stable.
POSITIVE
Other
Sri Lanka sells Rs115bn in 2026, 2030 bonds
11-Jan-24
Bonds & Forex
All offered 2026 and 2028 bonds sold
Sri Lanka sells Rs115bn in 2026, 2030 bonds All offered 2026 and 2028 bonds sold
POSITIVE
Other
Sri Lanka Navy sees first batch of lady cadets
11-Jan-24
Defence
Commitment to diversity and inclusion as 3 female officer cadets join executive branch of the Sri Lanka Navy
Sri Lanka Navy sees first batch of lady cadets Commitment to diversity and inclusion as 3 female officer cadets join executive branch of the Sri Lanka Navy
POSITIVE
Other
Sri Lanka stocks close down on thin volumes
11-Jan-24
Commodities
Turnover was at 668 million. Most of this came from trades in the food, beverage and tobacco industry (145mn).
Sri Lanka stocks close down on thin volumes Turnover was at 668 million. Most of this came from trades in the food, beverage and tobacco industry (145mn).
NEGATIVE
Food Products
Sri Lanka's state bus services to go QR in two months to save billions in losses
11-Jan-24
Transport
"You know the problems that crop up when you try to do something new with the SLTB," he said.
Sri Lanka's state bus services to go QR in two months to save billions in losses "You know the problems that crop up when you try to do something new with the SLTB," he said.
NEGATIVE
Other
Sri Lanka stocks close down on thin volumes
11-Jan-24
Commodities
Turnover was at 668 million. Most of this came from trades in the food, beverage and tobacco industry (145mn).
Sri Lanka stocks close down on thin volumes Turnover was at 668 million. Most of this came from trades in the food, beverage and tobacco industry (145mn).
NEGATIVE
Food Products
Sri Lanka's state bus services to go QR in two months to save billions in losses
11-Jan-24
Transport
"You know the problems that crop up when you try to do something new with the SLTB," he said.
Sri Lanka's state bus services to go QR in two months to save billions in losses "You know the problems that crop up when you try to do something new with the SLTB," he said.
NEGATIVE
Other
Tighter rules for Sri Lanka's gov employees after allowance increase
11-Jan-24
Government services
Circular mandates that employees be courteous in providing services, and answer phones
Tighter rules for Sri Lanka's gov employees after allowance increase Circular mandates that employees be courteous in providing services, and answer phones
NEGATIVE
Other
Sri Lanka to provide books to school students at discount
11-Jan-24
Education
State Printing Corporation has arranged for books to be provided at a 30 percent discount to students
Sri Lanka to provide books to school students at discount State Printing Corporation has arranged for books to be provided at a 30 percent discount to students
NEGATIVE
Other
Sri Lanka UDA to finalise investment for 22 development projects
11-Jan-24
Construction and Real Estate
Another 5 projects are in clearance.
Sri Lanka UDA to finalise investment for 22 development projects Another 5 projects are in clearance.
NEGATIVE
Other
Sri Lanka banks to set up business revival units: CB Governor
11-Jan-24
Banking
Business Revival Units in licensed banks to strengthen their role in the recovery of businesses, SMEs, corporates
Sri Lanka banks to set up business revival units: CB Governor Business Revival Units in licensed banks to strengthen their role in the recovery of businesses, SMEs, corporates
POSITIVE
Other
Sri Lanka to formulate third national action plan for open government partnership
11-Jan-24
Politics
The OGP is a multilateral platform that operates through collaboration between governments, civil society and citizens.
Sri Lanka to formulate third national action plan for open government partnership The OGP is a multilateral platform that operates through collaboration between governments, civil society and citizens.
POSITIVE
Other
Britain's Princess Anne meets Sri Lanka president
11-Jan-24
International Relations
Britain's Princess Anne is on a three-day official visit to Sri Lanka
Britain's Princess Anne meets Sri Lanka president Britain's Princess Anne is on a three-day official visit to Sri Lanka
POSITIVE
Other
Sri Lanka's Distilleries acquires HEINEKEN
11-Jan-24
Merger & Acquisition
The company will continue brewing beer under brands Heineken, Tiger, and Anchor under Trademark Licence Agreement
Sri Lanka's Distilleries acquires HEINEKEN The company will continue brewing beer under brands Heineken, Tiger, and Anchor under Trademark Licence Agreement
POSITIVE
Other
CPA flags two bills that could impact Sri Lanka's reconciliation efforts
11-Jan-24
Politics
The structures of the two bills fall short of the island nation's international obligations, CPA said.
CPA flags two bills that could impact Sri Lanka's reconciliation efforts The structures of the two bills fall short of the island nation's international obligations, CPA said.
NEGATIVE
Other
Sri Lanka rupee opens at 322.80/90 to the US dollar
11-Jan-24
Bonds & Forex
Sri Lanka’s rupee opened at 322.80/90 to the US dollar on Thursday, dealers said. Bond yields were steady.
Sri Lanka rupee opens at 322.80/90 to the US dollar Sri Lanka’s rupee opened at 322.80/90 to the US dollar on Thursday, dealers said. Bond yields were steady.
POSITIVE
Other
Sri Lanka gets 10 applications for casinos: Minister
11-Jan-24
Economy
Denies two licenses issued, including for Lotus Tower
Sri Lanka gets 10 applications for casinos: Minister Denies two licenses issued, including for Lotus Tower
NEGATIVE
Other
Removing Sri Lanka's debt recovery laws will hurt SME loans: CB Governor
10-Jan-24
Banking
Removing parate execution powers and making it less easy to recover loans, will make it difficult for SMEs to get loans
Removing Sri Lanka's debt recovery laws will hurt SME loans: CB Governor Removing parate execution powers and making it less easy to recover loans, will make it difficult for SMEs to get loans
NEGATIVE
Other
Sri Lanka rupee closes at 322.80/90 to the US dollar
10-Jan-24
Bonds & Forex
Sri Lanka’s rupee closed at 322.80/90 to the US dollar on Wednesday, dealers said. Bond yields steady.
Sri Lanka rupee closes at 322.80/90 to the US dollar Sri Lanka’s rupee closed at 322.80/90 to the US dollar on Wednesday, dealers said. Bond yields steady.
POSITIVE
Other
Sri Lanka stocks close down on low investor interest
10-Jan-24
Commodities
John Keells Holdings Plc was the most traded and closed up at 187.50.
Sri Lanka stocks close down on low investor interest John Keells Holdings Plc was the most traded and closed up at 187.50.
NEGATIVE
Other
Sri Lanka's EPF to go paperless, diversify portfolio for higher risk-adjusted returns
10-Jan-24
Economy
"Going forward, the EPF is committed to enhancing operational efficiency to deliver efficient and effective services."
Sri Lanka's EPF to go paperless, diversify portfolio for higher risk-adjusted returns "Going forward, the EPF is committed to enhancing operational efficiency to deliver efficient and effective services."
POSITIVE
Other
Sri Lanka CB to issue guidelines on state bank directors
10-Jan-24
Banking
Framework to be developed to strengthen governance of state banks, requiring their Boards to have independent members
Sri Lanka CB to issue guidelines on state bank directors Framework to be developed to strengthen governance of state banks, requiring their Boards to have independent members
POSITIVE
Other
Sri Lanka’s Citrus Leisure plans to raise Rs1.5bn from shareholders
10-Jan-24
Commodities
Proceeds to settle outstanding loans and to facilitate full subscription in Hikkaduwa Beach Resort rights issue
Sri Lanka’s Citrus Leisure plans to raise Rs1.5bn from shareholders Proceeds to settle outstanding loans and to facilitate full subscription in Hikkaduwa Beach Resort rights issue
NEGATIVE
Other
Sri Lanka eyes "subsidiarisation of foreign banks" in changes to banking law
10-Jan-24
Banking
The Banking (Amendment) Bill is expected to be passed in Parliament in early 2024
Sri Lanka eyes "subsidiarisation of foreign banks" in changes to banking law The Banking (Amendment) Bill is expected to be passed in Parliament in early 2024
POSITIVE
Other
UN, US partner with Sri Lanka for USD 9.2 Mn agriculture enhancement project
10-Jan-24
Agriculture
"USAID is funding the four-year extension of support to Sri Lankan paddy farmers, which will benefit 10,000 farmers."
UN, US partner with Sri Lanka for USD 9.2 Mn agriculture enhancement project "USAID is funding the four-year extension of support to Sri Lankan paddy farmers, which will benefit 10,000 farmers."
POSITIVE
Agricultural Raw Materials
Sri Lanka to review exchange controls, amend FX act
10-Jan-24
Economy
Sri Lanka's Foreign Exchange Act will also be amended in early 2024.
Sri Lanka to review exchange controls, amend FX act Sri Lanka's Foreign Exchange Act will also be amended in early 2024.
POSITIVE
Other
Survey finds no impact of Sri Lanka's VAT hike on several essentials: official
10-Jan-24
Economy
"The market isn't as agitated about the VAT issue as much as parliament is," the state minister said.
Survey finds no impact of Sri Lanka's VAT hike on several essentials: official "The market isn't as agitated about the VAT issue as much as parliament is," the state minister said.
NEGATIVE
Other