4 days ago · Sri Lanka news, Sri Lanka economy, Sri Lanka business news, Sri Lanka stocks, dollar rupee latest updates from EconomyNext

Dec 30, 2024 · ECONOMYNEXT – Sri Lanka’s Joint Apparel Association Forum said it has trained around 90 persons to boost knowledge of textile recycling and re-used partnering with several international organizations to orient the island towards global demands.

Dec 31, 2024 · ECONOMYNEXT – Capital Alliance, a Colombo-based investment banking group has produced an online tax calculator as a rough guide for their clients to estimate the import cost of a car, based on publicly available tax information.. A prospective car buyer looking to import a car has to key in the CIF prices of a car, the exchange rate, engine capacity, luxury tax (if applicable) and similar ...

Jan 2, 2025 · ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange said Vindhya Jayasekera, was appointed as Chief Executive Officer (CEO) Designate, with effect from January 01, 2025 Chief Executive Rajeeva Bandaranaike, is due to retire during 2025 after serving for 11 years. Jayasekera was the Chief Investment ...

Jan 2, 2025 · ECONOMYNEXT – The Colombo Stock Exchange closed up on the first day of business for 2025, data on its site showed. The broader ASPI closed up 2.53 percent, or 403.94 points, at 16,348.55; while the more liquid S&P SL20 Index closed up 2.26 percent, or 109.77 points, at 4,971. Turnover was 12.8 ...

Dec 29, 2024 · ECONOMYNEXT – Sri Lanka’s China-backed Hambantota International Port said it was planning to break into the container relay market, which will contribute to the island’s plans to handle 10 million boxes in 2025/2026.

Jan 2, 2025 · ECONOMYNEXT – The Colombo Stock Exchange All Share Price Index went beyond the 16,000 mark during early trade Thursday. The broader ASPI was up 0.91 percent, or 144.49 points in the first half hour of trading at 16,089.

Nov 15, 2024 · ECONOMYNEXT – Sri Lanka’s rupee depreciated sharply to close at 297.70/85 to the US dollar in the spot market Thursday, from Wednesday’s close of 296.40/70, dealers said, while bond yields were also steeply down.

Dec 27, 2024 · Standard and Poor's (S&P) said it was keeping Sri Lanka's sovereign rating at selective default because a defaulted SriLankan Airlines bond has not yet been restructured, but has rated newly issued restructured bonds at CCC+.

Oct 22, 2024 · ECONOMYNEXT — Sri Lanka’s goods and services exports accounted for nearly 20.4 percent of GDP in 2023, with manufacturing exports contributing 14 percent, the Institute of Policy Studies (IPS) said, noting however that the country’s export economy remains heavily concentrated around industrial goods, particularly apparel.