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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 |
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