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Sri Lanka illicit cigarettes take 29-pct market share: Survey
18-Dec-23
Economy
Annualized sales based on third quarter survey data was estimated at 900 million sticks
Sri Lanka illicit cigarettes take 29-pct market share: Survey Annualized sales based on third quarter survey data was estimated at 900 million sticks
NEGATIVE
Other
Sri Lanka new employment laws will hold employers accountable: Minister
18-Dec-23
Employment
Updating employment laws to hold all employers accountable for working conditions and facilities they provide workers
Sri Lanka new employment laws will hold employers accountable: Minister Updating employment laws to hold all employers accountable for working conditions and facilities they provide workers
POSITIVE
Other
“Ethical Consumerism” Requires Better Business Standards
18-Dec-23
Economy
SMEs, she says operate under already trying conditions and this added layer of compliance may not be welcome
“Ethical Consumerism” Requires Better Business Standards SMEs, she says operate under already trying conditions and this added layer of compliance may not be welcome
NEGATIVE
Other
Sri Lanka rupee opens at 326.85/327.00 to the US dollar
18-Dec-23
Bonds & Forex
Sri Lanka’s rupee opened at 326.85/327.00 to the US dollar on Monday, from 326.90/327.10 on Friday, dealers said.
Sri Lanka rupee opens at 326.85/327.00 to the US dollar Sri Lanka’s rupee opened at 326.85/327.00 to the US dollar on Monday, from 326.90/327.10 on Friday, dealers said.
NEGATIVE
Other
Sri Lanka private credit positive in Oct, Sept CB credit revised down
18-Dec-23
Banking
In September the central bank was hit by large losses
Sri Lanka private credit positive in Oct, Sept CB credit revised down In September the central bank was hit by large losses
NEGATIVE
Other
Sri Lanka CB to inject 2026 money in outright auction
18-Dec-23
Economy
Open market operations
Sri Lanka CB to inject 2026 money in outright auction Open market operations
NEGATIVE
Other
Sri Lanka to start mobile tax file registration amid tough IMF revenue target
18-Dec-23
Economy
Debt defaulted Sri Lanka plans to boost tax revenue by 47% in 2024.
Sri Lanka to start mobile tax file registration amid tough IMF revenue target Debt defaulted Sri Lanka plans to boost tax revenue by 47% in 2024.
NEGATIVE
Other
Sri Lanka manufacturing, services grow strongly in Nov: PMI
17-Dec-23
Economy
.
Sri Lanka manufacturing, services grow strongly in Nov: PMI .
POSITIVE
Capital Goods
Sri Lanka’s Rajapaksa recalls war triumph in party revival attempt
16-Dec-23
Political News
Most SLPP ministers, its elected leader were ousted by mass protests after economic crisis
Sri Lanka’s Rajapaksa recalls war triumph in party revival attempt Most SLPP ministers, its elected leader were ousted by mass protests after economic crisis
POSITIVE
Other
Sri Lanka GDP expands 1.6-pct in third quarter
15-Dec-23
Economy
Agriculture expanded 3-pct in the quarter, industries 0.3-pct and services 1.3-pct
Sri Lanka GDP expands 1.6-pct in third quarter Agriculture expanded 3-pct in the quarter, industries 0.3-pct and services 1.3-pct
POSITIVE
Agricultural Raw Materials
Sri Lanka rupee closes at 326.90/327.10 to the US dollar
15-Dec-23
Bonds & Forex
Sri Lanka’s rupee closed at 326.90/327.10 to the US dollar on Friday, dealers said.
Sri Lanka rupee closes at 326.90/327.10 to the US dollar Sri Lanka’s rupee closed at 326.90/327.10 to the US dollar on Friday, dealers said.
NEGATIVE
Other
Sri Lanka stocks close down, lack of interest persists
15-Dec-23
Commodities
Turnover was low at 508 million. Most of this came from the food, beverage and tobacco sector (131 million).
Sri Lanka stocks close down, lack of interest persists Turnover was low at 508 million. Most of this came from the food, beverage and tobacco sector (131 million).
NEGATIVE
Food Products
Sri Lanka's Bank of Ceylon to raise 5bn through debenture issue
15-Dec-23
Banking
Bank of Ceylon plans to issue BASEL III compliant debentures with non-viability write down features, to raise 5bn rupees
Sri Lanka's Bank of Ceylon to raise 5bn through debenture issue Bank of Ceylon plans to issue BASEL III compliant debentures with non-viability write down features, to raise 5bn rupees
NEGATIVE
Other
Sri Lanka to revise fisheries act, calls for investments
15-Dec-23
Fisheries
Plans to revise the fisheries act after consultation with stakeholders and field experts.
Sri Lanka to revise fisheries act, calls for investments Plans to revise the fisheries act after consultation with stakeholders and field experts.
NEGATIVE
Other
Realtors shy away from affordable housing: Industry analysts
15-Dec-23
Construction and Real Estate
Most realtors interested in building houses for the middle income and higher income group because profit margin is high
Realtors shy away from affordable housing: Industry analysts Most realtors interested in building houses for the middle income and higher income group because profit margin is high
NEGATIVE
Other
British Princess to visit Sri Lanka to mark 75 years of diplomacy
15-Dec-23
International Relations
Will participate in events to mark 75th anniversary of diplomatic relations between Sri Lanka and the UK
British Princess to visit Sri Lanka to mark 75 years of diplomacy Will participate in events to mark 75th anniversary of diplomatic relations between Sri Lanka and the UK
POSITIVE
Other
Sri Lanka to restart 200 stalled creditor funded development projects
15-Dec-23
Debt Restructuring
Sri Lanka is to start more than 200 projects funded by creditors that had been halted when it declared bankruptcy
Sri Lanka to restart 200 stalled creditor funded development projects Sri Lanka is to start more than 200 projects funded by creditors that had been halted when it declared bankruptcy
NEGATIVE
Other
Global demand for Sri Lanka's king coconut, government plans branding
15-Dec-23
Agriculture
Steps to cultivate it as an export crop and create branding
Global demand for Sri Lanka's king coconut, government plans branding Steps to cultivate it as an export crop and create branding
POSITIVE
Other
Macubator to support Sri Lanka and regional start-ups
15-Dec-23
General Industry
A start-up accelerator backed by MAC Holdings hopes to support aspiring entrepreneurs, uni students commercialize ideas
Macubator to support Sri Lanka and regional start-ups A start-up accelerator backed by MAC Holdings hopes to support aspiring entrepreneurs, uni students commercialize ideas
NEGATIVE
Other
Sri Lanka rupee opens at 326.70/90 to the US dollar
15-Dec-23
Bonds & Forex
Sri Lanka’s rupee opened at 326.70/90 to the US dollar on Friday, dealers said.
Sri Lanka rupee opens at 326.70/90 to the US dollar Sri Lanka’s rupee opened at 326.70/90 to the US dollar on Friday, dealers said.
NEGATIVE
Other
Sri Lanka to publish rules to appoint anti-corruption commissioners: IMF report
15-Dec-23
Economy
The rules are to be gazette by end-December 2023 as a new structural benchmark
Sri Lanka to publish rules to appoint anti-corruption commissioners: IMF report The rules are to be gazette by end-December 2023 as a new structural benchmark
NEGATIVE
Other
Sri Lanka rupee closes at 326.65/90 to the US dollar
14-Dec-23
Bonds & Forex
Sri Lanka’s rupee closed at 326.65/90 to the US dollar on Thursday, dealers said.
Sri Lanka rupee closes at 326.65/90 to the US dollar Sri Lanka’s rupee closed at 326.65/90 to the US dollar on Thursday, dealers said.
NEGATIVE
Other
Sri Lanka hopes to declare out of bankruptcy by Q1 2024: Minister
14-Dec-23
Debt Restructuring
Sri Lanka has already completed domestic, bilateral debt restructuring
Sri Lanka hopes to declare out of bankruptcy by Q1 2024: Minister Sri Lanka has already completed domestic, bilateral debt restructuring
NEGATIVE
Other
Sri Lanka stocks close down, low investor interest
14-Dec-23
Markets
The Colombo Stock Exchange closed down on Thursday, CSE data showed.
Sri Lanka stocks close down, low investor interest The Colombo Stock Exchange closed down on Thursday, CSE data showed.
NEGATIVE
Other
Government needs to spend more on health, education, infrastructure: CoPF chair
14-Dec-23
Fiscal
“We are probably one of the lowest expenditure per person on social infrastructure in the entire world.”
Government needs to spend more on health, education, infrastructure: CoPF chair “We are probably one of the lowest expenditure per person on social infrastructure in the entire world.”
NEGATIVE
Capital Goods
Sri Lanka to promote aviation sector jobs among school students
14-Dec-23
Aviation
Civil Aviation Authority, SLBC and SriLankan Airlines to promote aviation sector jobs among school children
Sri Lanka to promote aviation sector jobs among school students Civil Aviation Authority, SLBC and SriLankan Airlines to promote aviation sector jobs among school children
POSITIVE
Transportation
Sri Lanka acting police chief, three others faulted by Supreme Court over torture
14-Dec-23
Legal
Conduct on display, judged even by the lowest of standards, amounts to a magnificent failure of .. rule of law
Sri Lanka acting police chief, three others faulted by Supreme Court over torture Conduct on display, judged even by the lowest of standards, amounts to a magnificent failure of .. rule of law
NEGATIVE
Other
Sri Lanka gets climate resilient ‘unsinkable’ boats from FAO
14-Dec-23
Fisheries
The boats were made possible through the funding of the Norwegian Government-financed FAO Trust Fund project
Sri Lanka gets climate resilient ‘unsinkable’ boats from FAO The boats were made possible through the funding of the Norwegian Government-financed FAO Trust Fund project
POSITIVE
Other
Sri Lanka’s next step is to get bilateral creditors to restart loan programs: President
14-Dec-23
Debt Restructuring
Foreign investors can now invest in Sri Lankan projects without doubt and fear: President
Sri Lanka’s next step is to get bilateral creditors to restart loan programs: President Foreign investors can now invest in Sri Lankan projects without doubt and fear: President
NEGATIVE
Other
Mismatch between Sri Lanka's migrant workers and global demand: World Bank report
14-Dec-23
Employment
To become globally competitive, Sri Lanka's workforce must gain technical competencies and higher-order cognitive skills
Mismatch between Sri Lanka's migrant workers and global demand: World Bank report To become globally competitive, Sri Lanka's workforce must gain technical competencies and higher-order cognitive skills
NEGATIVE
Other
Sri Lanka rupee opens at 326.50/90 to the US dollar
14-Dec-23
Bonds & Forex
Sri Lanka’s rupee opened at 326.50/90 to the US dollar on Thursday
Sri Lanka rupee opens at 326.50/90 to the US dollar Sri Lanka’s rupee opened at 326.50/90 to the US dollar on Thursday
NEGATIVE
Other
IMF urges recapitalization after Sri Lanka DDR busts central bank finances
14-Dec-23
Economy
The government needs to advance without delay the modalities of the CBSL recapitalization
IMF urges recapitalization after Sri Lanka DDR busts central bank finances The government needs to advance without delay the modalities of the CBSL recapitalization
NEGATIVE
Other
People's Insurance says tops listed general insurers in pre-tax profits
14-Dec-23
Finance
The firm also had the best combined ratio, the statement said.
People's Insurance says tops listed general insurers in pre-tax profits The firm also had the best combined ratio, the statement said.
POSITIVE
Other
Sri Lanka parliament passes 2024 budget aiming to implement IMF reform agenda
13-Dec-23
Economy
Government aims higher revenue to reach IMG targets with tax hikes
Sri Lanka parliament passes 2024 budget aiming to implement IMF reform agenda Government aims higher revenue to reach IMG targets with tax hikes
NEGATIVE
Other
Sri Lanka rupee closes at 326.70/80 to the US dollar
13-Dec-23
Bonds & Forex
Sri Lanka’s rupee closed at 326.70/80 to the US dollar on Wednesday, dealers said.
Sri Lanka rupee closes at 326.70/80 to the US dollar Sri Lanka’s rupee closed at 326.70/80 to the US dollar on Wednesday, dealers said.
NEGATIVE
Other
Sri Lanka stocks close down, interest in food, beverage and tobacco sector
13-Dec-23
Markets
The Colombo Stock Exchange closed down on Wednesday, CSE data showed.
Sri Lanka stocks close down, interest in food, beverage and tobacco sector The Colombo Stock Exchange closed down on Wednesday, CSE data showed.
NEGATIVE
Food Products
Sri Lanka considers house arrest due to prison overcrowding
13-Dec-23
Legal
Considering introduction of legal provisions to retain suspects, accused under house arrest instead of remanding
Sri Lanka considers house arrest due to prison overcrowding Considering introduction of legal provisions to retain suspects, accused under house arrest instead of remanding
NEGATIVE
Other
Fuel supplying contracts in 10 airports for SriLankan aircraft
13-Dec-23
Aviation
Bids were furnished by 12 aviation fuel supplying companies
Fuel supplying contracts in 10 airports for SriLankan aircraft Bids were furnished by 12 aviation fuel supplying companies
NEGATIVE
Transportation
Sri Lanka can be developed nation if it continues on its recovery path: prez
13-Dec-23
Politics
"The IMF has accepted that we have taken the decisive steps needed to come out of bankruptcy,” said Wickermesinghe.
Sri Lanka can be developed nation if it continues on its recovery path: prez "The IMF has accepted that we have taken the decisive steps needed to come out of bankruptcy,” said Wickermesinghe.
POSITIVE
Other
2.1bn won from Korea tourism for community-based projects in Sri Lanka provinces
13-Dec-23
Tourism
Community-based tourism development project will focus on Central, Northern and Eastern provinces with 2.172bn won grant
2.1bn won from Korea tourism for community-based projects in Sri Lanka provinces Community-based tourism development project will focus on Central, Northern and Eastern provinces with 2.172bn won grant
POSITIVE
Other
Sri Lanka consumer confidence continues to decline in November: survey
13-Dec-23
Economy
"Consumer sentiment remains deeply pessimistic about current conditions and future prospects."
Sri Lanka consumer confidence continues to decline in November: survey "Consumer sentiment remains deeply pessimistic about current conditions and future prospects."
NEGATIVE
Other
Two acres of plantation land for Sri Lanka's Rangala police station
13-Dec-23
Law and Order
Police to acquire two acre land from Udupussellawa Plantation Company's Duckwari Estate to build station
Two acres of plantation land for Sri Lanka's Rangala police station Police to acquire two acre land from Udupussellawa Plantation Company's Duckwari Estate to build station
NEGATIVE
Other
Sri Lanka may see early power tariff reduction mid-Jan after unusual rains
13-Dec-23
Energy
“As we pass on losses to consumers we must also pass benefits on to them,” he said.
Sri Lanka may see early power tariff reduction mid-Jan after unusual rains “As we pass on losses to consumers we must also pass benefits on to them,” he said.
NEGATIVE
Other
China Civil Engineering Construction to build Sri Lanka Railways factory in Ratmalana
13-Dec-23
Transport
The project is a part of the Railway Efficiency Improvement Project implemented with Asian Development Bank funds.
China Civil Engineering Construction to build Sri Lanka Railways factory in Ratmalana The project is a part of the Railway Efficiency Improvement Project implemented with Asian Development Bank funds.
POSITIVE
Capital Goods
Sri Lanka's free ambulance service to offer pre-hospital care with Microsoft, Wavenet support
13-Dec-23
Health
Suwa Seriya ambulance service to offer more advanced pre-hospital care from Tuesday, Universal Health Coverage Day
Sri Lanka's free ambulance service to offer pre-hospital care with Microsoft, Wavenet support Suwa Seriya ambulance service to offer more advanced pre-hospital care from Tuesday, Universal Health Coverage Day
NEGATIVE
Other
Sri Lanka last rate cut raised inflation risks, limited room for loosening: IMF
13-Dec-23
Economy
Excessive loosening may make it difficult to control inflation later
Sri Lanka last rate cut raised inflation risks, limited room for loosening: IMF Excessive loosening may make it difficult to control inflation later
NEGATIVE
Other
Sri Lanka's Commercial Bank debenture issue oversubscribed
13-Dec-23
Markets
The goal was to raise 6 billion rupees
Sri Lanka's Commercial Bank debenture issue oversubscribed The goal was to raise 6 billion rupees
NEGATIVE
Other
Sri Lanka rupee opens at 326.90/327.10 to the US dollar
13-Dec-23
Bonds & Forex
Sri Lanka’s rupee opened at 326.90/327.10 to the US dollar on Wednesday, dealers said. Bond yields steady.
Sri Lanka rupee opens at 326.90/327.10 to the US dollar Sri Lanka’s rupee opened at 326.90/327.10 to the US dollar on Wednesday, dealers said. Bond yields steady.
POSITIVE
Other
Sri Lanka CB committed to ending interest controls ASAP: IMF report
13-Dec-23
Banking
The CBSL is committed to eliminating the interest rate caps as soon as possible
Sri Lanka CB committed to ending interest controls ASAP: IMF report The CBSL is committed to eliminating the interest rate caps as soon as possible
NEGATIVE
Other
Sri Lanka expected to reach deal with bondholders by second review: IMF report
13-Dec-23
Economy
Negotiations with the China Development Bank was also at an advanced stage
Sri Lanka expected to reach deal with bondholders by second review: IMF report Negotiations with the China Development Bank was also at an advanced stage
POSITIVE
Other
Sri Lanka risks have increased, social unrest could re-emerge: IMF report
13-Dec-23
Economy
Social unrest could re-emerge, fueled by falling real incomes, tax rate hikes and energy price increases
Sri Lanka risks have increased, social unrest could re-emerge: IMF report Social unrest could re-emerge, fueled by falling real incomes, tax rate hikes and energy price increases
NEGATIVE
Other
Sri Lanka ACU debt to Reserve Bank India converted to US$2.2bn swap
13-Dec-23
Economy
Total swaps US$2.6bn
Sri Lanka ACU debt to Reserve Bank India converted to US$2.2bn swap Total swaps US$2.6bn
NEGATIVE
Other
Sri Lanka gets US$337mn after IMF review
13-Dec-23
Economy
A swift completion and signature of the Memoranda of Understanding with the official creditors is important
Sri Lanka gets US$337mn after IMF review A swift completion and signature of the Memoranda of Understanding with the official creditors is important
NEGATIVE
Other
Sri Lanka to appoint authorised agents for online tourist visa applications
12-Dec-23
Tourism
GBS Technology Services, IVS Global, and VFS Global to act as authorised agents for online visa applications
Sri Lanka to appoint authorised agents for online tourist visa applications GBS Technology Services, IVS Global, and VFS Global to act as authorised agents for online visa applications
POSITIVE
Other
Sri Lanka rupee closes stronger at 326.90/327.00 to the US dollar
12-Dec-23
Bonds & Forex
Sri Lanka’s rupee appreciated slightly at 326.90/327.00 to the US dollar on Tuesday, dealers said. Bond yields down.
Sri Lanka rupee closes stronger at 326.90/327.00 to the US dollar Sri Lanka’s rupee appreciated slightly at 326.90/327.00 to the US dollar on Tuesday, dealers said. Bond yields down.
NEGATIVE
Other
Sri Lanka shares close up, 1bn turnover
12-Dec-23
Commodities
The Colombo Stock Exchange closed up on Tuesday, CSE data showed. Turnover crossed 1 billion.
Sri Lanka shares close up, 1bn turnover The Colombo Stock Exchange closed up on Tuesday, CSE data showed. Turnover crossed 1 billion.
NEGATIVE
Other
Sri Lanka introduces hotline for cybercrime complaints
12-Dec-23
Crime
101 hotline for cybercrime complaints
Sri Lanka introduces hotline for cybercrime complaints 101 hotline for cybercrime complaints
POSITIVE
Other
Sri Lanka to investigate execution of Henry Pedris a century ago
12-Dec-23
People
Gunawardena said that the execution was a result of a plan carried out by officials in the country at the time.
Sri Lanka to investigate execution of Henry Pedris a century ago Gunawardena said that the execution was a result of a plan carried out by officials in the country at the time.
NEGATIVE
Other
Sri Lanka to build temporary terminal at BIA
12-Dec-23
Aviation
Decision to build a second terminal with the JICA grant was halted when Sri Lanka declared bankruptcy.
Sri Lanka to build temporary terminal at BIA Decision to build a second terminal with the JICA grant was halted when Sri Lanka declared bankruptcy.
NEGATIVE
Other
Sri Lanka tertiary education dropouts at 30pct: Vocational training professional
12-Dec-23
Education
High dropout rates could be tackled by allowing employed, mature students attend courses online
Sri Lanka tertiary education dropouts at 30pct: Vocational training professional High dropout rates could be tackled by allowing employed, mature students attend courses online
NEGATIVE
Other
Sri Lanka's United Motors acquires Dutch Lanka Trailer
12-Dec-23
Autos
Dutch Lanka Trailer Manufacturers has now become a fully owned subsidiary of United Motors Lanka Plc
Sri Lanka's United Motors acquires Dutch Lanka Trailer Dutch Lanka Trailer Manufacturers has now become a fully owned subsidiary of United Motors Lanka Plc
POSITIVE
Transportation
Sri Lanka rupee opens at 327.10/30 to the US dollar
12-Dec-23
Bonds & Forex
Sri Lanka’s rupee opened at 327.10/30 to the US dollar on Tuesday, dealers said.
Sri Lanka rupee opens at 327.10/30 to the US dollar Sri Lanka’s rupee opened at 327.10/30 to the US dollar on Tuesday, dealers said.
NEGATIVE
Other
Sri Lanka to sign PPA for US$1.7bn Australia-backed solar plant with battery storage
12-Dec-23
Energy
United Solar Group to invest in 700mw solar power project on Kilinochchi Poonakary Tank, with FDI of USD1,727mn
Sri Lanka to sign PPA for US$1.7bn Australia-backed solar plant with battery storage United Solar Group to invest in 700mw solar power project on Kilinochchi Poonakary Tank, with FDI of USD1,727mn
NEGATIVE
Other
Sri Lanka parliament approves VAT hike, reducing exemptions to meet IMF revenue goal
11-Dec-23
Economy
Sri Lanka is struggling to meet IMF revenue targets
Sri Lanka parliament approves VAT hike, reducing exemptions to meet IMF revenue goal Sri Lanka is struggling to meet IMF revenue targets
NEGATIVE
Other
Sri Lanka rupee closes stable at 327.00/30 to the US dollar
11-Dec-23
Bonds & Forex
Sri Lanka’s rupee closed at 327.00/30 to the US dollar on Monday, dealers said. Bond yields were steady.
Sri Lanka rupee closes stable at 327.00/30 to the US dollar Sri Lanka’s rupee closed at 327.00/30 to the US dollar on Monday, dealers said. Bond yields were steady.
POSITIVE
Other
Sri Lanka shares close up, interest in banks
11-Dec-23
Markets
The Colombo Stock Exchange closed up on Monday, CSE data showed.
Sri Lanka shares close up, interest in banks The Colombo Stock Exchange closed up on Monday, CSE data showed.
NEGATIVE
Other
Six investors eyeing stake in Sri LankanAirlines: Minister
11-Dec-23
Aviation
In a pre-bid meeting, the investors have asked to extend the deadline to the middle of January
Six investors eyeing stake in Sri LankanAirlines: Minister In a pre-bid meeting, the investors have asked to extend the deadline to the middle of January
NEGATIVE
Transportation
Top US envoy to visit Sri Lanka in Dec to talk Malaiyaha concerns
11-Dec-23
Human Rights
Smith will be in Sri Lanka December 11-15 to discuss minority rights.
Top US envoy to visit Sri Lanka in Dec to talk Malaiyaha concerns Smith will be in Sri Lanka December 11-15 to discuss minority rights.
POSITIVE
Other
Sri Lanka takes steps to ratify ILO C188 to protect fishermen
11-Dec-23
Fisheries
Sri Lanka hopes to ratify the international Labour Organization's 'Work in Fishing Convention (C188).
Sri Lanka takes steps to ratify ILO C188 to protect fishermen Sri Lanka hopes to ratify the international Labour Organization's 'Work in Fishing Convention (C188).
NEGATIVE
Other
Sri Lanka opposition leader rubbishes reports of reunion with president
11-Dec-23
Politics
"Ranil and Sajith will never come together," Premadasa said
Sri Lanka opposition leader rubbishes reports of reunion with president "Ranil and Sajith will never come together," Premadasa said
NEGATIVE
Other
Sri Lanka's Singer Finance rating cut to BBB (lka), outlook stable: Fitch
11-Dec-23
Stocks & Companies
Fitch Ratings has downgraded the national long-term rating of Sri Lanka’s Singer Finance (Lanka) Plc to ‘BBB (lka)â€...
Sri Lanka's Singer Finance rating cut to BBB (lka), outlook stable: Fitch Fitch Ratings has downgraded the national long-term rating of Sri Lanka’s Singer Finance (Lanka) Plc to ‘BBB (lka)â€...
NEGATIVE
Other
Sri Lanka's ousted utilities regulatory chief convinced he'll be president
11-Dec-23
Energy
"That's not all, I'm the definite president at a future presidential election," he said.
Sri Lanka's ousted utilities regulatory chief convinced he'll be president "That's not all, I'm the definite president at a future presidential election," he said.
POSITIVE
Other
Sri Lanka wants university research to lead to commercially viable products
11-Dec-23
General Industry
Ministry of Industries pushes universities, business to work together to produce exportable, commercially-ready products
Sri Lanka wants university research to lead to commercially viable products Ministry of Industries pushes universities, business to work together to produce exportable, commercially-ready products
POSITIVE
Food Products
Sri Lanka rupee opens at 327.00/50 to the US dollar
11-Dec-23
Bonds & Forex
Sri Lanka’s rupee closed at 327.00/50 to the US dollar on Monday, dealers said. Bond yields were up.
Sri Lanka rupee opens at 327.00/50 to the US dollar Sri Lanka’s rupee closed at 327.00/50 to the US dollar on Monday, dealers said. Bond yields were up.
NEGATIVE
Other
Sri Lanka promoting Buddhist tourism from Vietnam, ASEAN
10-Dec-23
Business
Plans to connect 100 temples in the ASEAN regions with those in Sri Lanka
Sri Lanka promoting Buddhist tourism from Vietnam, ASEAN Plans to connect 100 temples in the ASEAN regions with those in Sri Lanka
POSITIVE
Other
ADB $200mn loan for Sri Lanka economic stabilization efforts
9-Dec-23
Economic Crisis
The expected outcome is a stable financial system providing access to affordable finance for businesses
ADB $200mn loan for Sri Lanka economic stabilization efforts The expected outcome is a stable financial system providing access to affordable finance for businesses
POSITIVE
Other
Sri Lanka in blackout as power grid hit by cascading failure
9-Dec-23
Energy
Sri Lanka was hit by a cascading failure in December 2021 also in similar conditions
Sri Lanka in blackout as power grid hit by cascading failure Sri Lanka was hit by a cascading failure in December 2021 also in similar conditions
NEGATIVE
Other
Sri Lanka to host regional Food and Agriculture Organization conference
9-Dec-23
Agriculture
The APRC agenda will include a forum on agritourism, especially requested by the Sri Lankan government.
Sri Lanka to host regional Food and Agriculture Organization conference The APRC agenda will include a forum on agritourism, especially requested by the Sri Lankan government.
POSITIVE
Food Products
Sri Lanka November 2023 tourism revenue jumps to $205 mln from last year’s $81 mln
9-Dec-23
Tourism
The revenues for the first 11 months were $1.8 billion, 78.3 percent up from $1 billion in the same period in 2022.
Sri Lanka November 2023 tourism revenue jumps to $205 mln from last year’s $81 mln The revenues for the first 11 months were $1.8 billion, 78.3 percent up from $1 billion in the same period in 2022.
POSITIVE
Other
Sri Lanka official remittances up 40-pct in November as improved FX policy helps
9-Dec-23
Economy
Sri Lanka received $5.4 billion through remittances from official channels in the first 11 months of 2023
Sri Lanka official remittances up 40-pct in November as improved FX policy helps Sri Lanka received $5.4 billion through remittances from official channels in the first 11 months of 2023
NEGATIVE
Other
Ahead of elections, Sri Lanka leader suggests 70% hike for plantation workers
8-Dec-23
Economy
President Wickremesinghe has said both presidency and parliamentary polls will be held next year
Ahead of elections, Sri Lanka leader suggests 70% hike for plantation workers President Wickremesinghe has said both presidency and parliamentary polls will be held next year
NEGATIVE
Other
Sri Lanka FM hits out at double standards of Western nations on human rights
8-Dec-23
Human Rights
Sri Lanka is facing international probe into its past human rights conduct
Sri Lanka FM hits out at double standards of Western nations on human rights Sri Lanka is facing international probe into its past human rights conduct
POSITIVE
Other
Sri Lanka seeks more information from foreign ships after concerns over Chinese research vessel
8-Dec-23
International Relations
Sri Lanka permitted two Chinese research ships with 14 months amid Indian security concerns
Sri Lanka seeks more information from foreign ships after concerns over Chinese research vessel Sri Lanka permitted two Chinese research ships with 14 months amid Indian security concerns
NEGATIVE
Other
Sri Lanka's Mattala airport management to private investor
8-Dec-23
Aviation
Sri Lanka will soon award the management of Mattala International Airport to a private investor on a 30-year contract
Sri Lanka's Mattala airport management to private investor Sri Lanka will soon award the management of Mattala International Airport to a private investor on a 30-year contract
POSITIVE
Other
Sri Lanka stocks close up, banks and bluechips drive turnover
8-Dec-23
Commodities
The Colombo Stock Exchange closed up on Friday, CSE data showed. Turnover crossed the one billion mark.
Sri Lanka stocks close up, banks and bluechips drive turnover The Colombo Stock Exchange closed up on Friday, CSE data showed. Turnover crossed the one billion mark.
NEGATIVE
Other
Sri Lanka rupee weakens a bit at 327.00/30 to the US dollar
8-Dec-23
Bonds & Forex
Sri Lanka’s rupee closed at 327.00/30 to the US dollar on Friday, dealers said. Bond yields were up.
Sri Lanka rupee weakens a bit at 327.00/30 to the US dollar Sri Lanka’s rupee closed at 327.00/30 to the US dollar on Friday, dealers said. Bond yields were up.
NEGATIVE
Other
Sri Lanka to establish commission for reconciliation
8-Dec-23
Race Relations
A key objective of this process is to establish the truth regarding post-conflict grievances of Sri Lankan citizens
Sri Lanka to establish commission for reconciliation A key objective of this process is to establish the truth regarding post-conflict grievances of Sri Lankan citizens
POSITIVE
Other
Sri Lanka's Lotus Tower to open its revolving restaurant on Dec 09
8-Dec-23
Economy
The company has earned some 1,026 million rupees in revenue over the last 14 months.
Sri Lanka's Lotus Tower to open its revolving restaurant on Dec 09 The company has earned some 1,026 million rupees in revenue over the last 14 months.
POSITIVE
Other
Sri Lanka considers lunch sheet ban
8-Dec-23
Environment
Parliament Sectoral Oversight Committee recommends lunch sheet ban after grace period of 6 months
Sri Lanka considers lunch sheet ban Parliament Sectoral Oversight Committee recommends lunch sheet ban after grace period of 6 months
NEGATIVE
Other
Sri Lanka postal workers demand 20,000-rupee pay hike from Jan
8-Dec-23
Economy
The union leader called President Ranil Wickremesinghe’s 2024 budget an “illusion” targeting next year’s electio...
Sri Lanka postal workers demand 20,000-rupee pay hike from Jan The union leader called President Ranil Wickremesinghe’s 2024 budget an “illusion” targeting next year’s electio...
NEGATIVE
Other
Global Tamil Forum, monks, meet Sri Lanka’s president
8-Dec-23
Race Relations
The Global Tamil Forum (GTF) and prominent Buddhist monks met President to advocate for a pluralistic Sri Lanka
Global Tamil Forum, monks, meet Sri Lanka’s president The Global Tamil Forum (GTF) and prominent Buddhist monks met President to advocate for a pluralistic Sri Lanka
POSITIVE
Other
Sri Lanka rupee opens stable at 326.60/90 to the US dollar
8-Dec-23
Bonds & Forex
Sri Lanka’s rupee opened at 326.60/90 to the US dollar on Friday, dealers said. Bond yields were up.
Sri Lanka rupee opens stable at 326.60/90 to the US dollar Sri Lanka’s rupee opened at 326.60/90 to the US dollar on Friday, dealers said. Bond yields were up.
NEGATIVE
Other
Sri Lankan migrant workers for Japan civil aviation sector
8-Dec-23
Aviation
Sri Lankans to work in Japan's Civil Aviation sector, Minister of Labour and Foreign Employment said
Sri Lankan migrant workers for Japan civil aviation sector Sri Lankans to work in Japan's Civil Aviation sector, Minister of Labour and Foreign Employment said
POSITIVE
Transportation
Galle Literary Festival to bring more international visitors to Sri Lanka
8-Dec-23
Tourism
Galle Literary Festival organizers expect an estimated 6,000 to 15,000 visitors in January 2024
Galle Literary Festival to bring more international visitors to Sri Lanka Galle Literary Festival organizers expect an estimated 6,000 to 15,000 visitors in January 2024
NEGATIVE
Other
Sri Lanka electricity law draft to reform power sector published
8-Dec-23
Energy
Open access and wholesale markets to be allowed
Sri Lanka electricity law draft to reform power sector published Open access and wholesale markets to be allowed
POSITIVE
Other
Sri Lanka's HNB, Commercial Bank, Sampath licensed by Colombo Port City
8-Dec-23
Business
The Colombo Port City is a dollarized area where currency competition is allowed
Sri Lanka's HNB, Commercial Bank, Sampath licensed by Colombo Port City The Colombo Port City is a dollarized area where currency competition is allowed
POSITIVE
Other
SLPP enjoying "great demand" from potential presidential candidates: Namal
7-Dec-23
Politics
“There is great demand: entrepreneurs, businessmen, politicians, are all there. There are presidents too," he said.
SLPP enjoying "great demand" from potential presidential candidates: Namal “There is great demand: entrepreneurs, businessmen, politicians, are all there. There are presidents too," he said.
POSITIVE
Other
Sri Lanka ruling party MP contradicts poll to claim his party is overtaking president's
7-Dec-23
Politics
“Parliamentary elections can be called if needed. But that’s not how it is with the presidential election."
Sri Lanka ruling party MP contradicts poll to claim his party is overtaking president's “Parliamentary elections can be called if needed. But that’s not how it is with the presidential election."
NEGATIVE
Other
Sri Lanka president appoints main opposition MP advisor
7-Dec-23
Politics
Suresh’s “pivotal role will centre around overseeing the comprehensive integration of Hill Country Tamils".
Sri Lanka president appoints main opposition MP advisor Suresh’s “pivotal role will centre around overseeing the comprehensive integration of Hill Country Tamils".
POSITIVE
Other
Sri Lanka rupee closes at 326.60/90 to the US dollar
7-Dec-23
Bonds & Forex
Sri Lanka’s rupee closed at 326.60/90 to the US dollar on Thursday, dealers said. Bond yields were down.
Sri Lanka rupee closes at 326.60/90 to the US dollar Sri Lanka’s rupee closed at 326.60/90 to the US dollar on Thursday, dealers said. Bond yields were down.
NEGATIVE
Other