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Sri Lanka to allocate foreign job quota for retired soldiers after deaths in Russia-Ukraine war
6-Jun-24
Defence
Sri Lanka has been trying to bring back retired military personnel who have joined Russian-Ukraine war for money
Sri Lanka to allocate foreign job quota for retired soldiers after deaths in Russia-Ukraine war Sri Lanka has been trying to bring back retired military personnel who have joined Russian-Ukraine war for money
NEGATIVE
Other
Sri Lanka Bank of Ceylon 'A(lka)' rating confirmed
6-Jun-24
Stocks & Companies
About 60 percent of bank assets were exposed to the sovereign risk profile.
Sri Lanka Bank of Ceylon 'A(lka)' rating confirmed About 60 percent of bank assets were exposed to the sovereign risk profile.
NEGATIVE
Other
Sri Lanka parliament passes new electricity law
6-Jun-24
Energy
103 votes in favour
Sri Lanka parliament passes new electricity law 103 votes in favour
POSITIVE
Other
Minister calls out opposition hypocrisy on Sri Lanka electricity reforms
6-Jun-24
Economy
The minister also said the new electricity reform bill will result in the disappearance of utilities unions.
Minister calls out opposition hypocrisy on Sri Lanka electricity reforms The minister also said the new electricity reform bill will result in the disappearance of utilities unions.
NEGATIVE
Other
Sri Lanka's People's Bank 'A' (lka) rating confirmed, bad loans reduce: Fitch
6-Jun-24
Stocks & Companies
Peoples' Bank only had a small exposure to defaulted sovereign dollar bonds.
Sri Lanka's People's Bank 'A' (lka) rating confirmed, bad loans reduce: Fitch Peoples' Bank only had a small exposure to defaulted sovereign dollar bonds.
NEGATIVE
Other
Sri Lanka rupee closes weaker at 302.80/303.10 to US dollar
6-Jun-24
Bonds & Forex
Bond yields were up.
Sri Lanka rupee closes weaker at 302.80/303.10 to US dollar Bond yields were up.
NEGATIVE
Other
Sri Lanka seeks employment for seamen on Greek ships
6-Jun-24
Economic Crisis
PM seeks employment opportunities for Sri Lankans with shipping companies.
Sri Lanka seeks employment for seamen on Greek ships PM seeks employment opportunities for Sri Lankans with shipping companies.
NEGATIVE
Transportation
Sri Lanka stocks close up, bank shares fare well
6-Jun-24
Stocks & Companies
Turnover was 1.5 billion. A large part of this came from the bank (Rs662mn) stocks.
Sri Lanka stocks close up, bank shares fare well Turnover was 1.5 billion. A large part of this came from the bank (Rs662mn) stocks.
NEGATIVE
Other
Sri Lanka president starts political office as polls near
6-Jun-24
Politics
The office will serve as the center for future political operations
Sri Lanka president starts political office as polls near The office will serve as the center for future political operations
NEGATIVE
Other
Sri Lanka grants preliminary approval for Starlink: State Minister
6-Jun-24
ICT
The details of the public consultation will be published tomorrow
Sri Lanka grants preliminary approval for Starlink: State Minister The details of the public consultation will be published tomorrow
POSITIVE
Other
Sri Lanka's CEB eyes sharply lower tariffs for smaller domestic users: Minister
6-Jun-24
Energy
Wickremesinghe government has raised electricity prices by more than 100% in line with commitments made to IMF
Sri Lanka's CEB eyes sharply lower tariffs for smaller domestic users: Minister Wickremesinghe government has raised electricity prices by more than 100% in line with commitments made to IMF
NEGATIVE
Other
Sri Lanka to send 10,000 workers to South Korea: Labor Ministry
6-Jun-24
Employment
Workers in production, fishing and construction industries
Sri Lanka to send 10,000 workers to South Korea: Labor Ministry Workers in production, fishing and construction industries
NEGATIVE
Capital Goods
Sri Lanka rupee opens weaker at 302.48/55 to US dollar
6-Jun-24
Bonds & Forex
Bond yields were down.
Sri Lanka rupee opens weaker at 302.48/55 to US dollar Bond yields were down.
NEGATIVE
Other
Sri Lanka Insurance Corporation profits up on investment income
6-Jun-24
Fiscal
Investment income rose to 28.7 billion rupees from 13.7 billion rupees in 2022
Sri Lanka Insurance Corporation profits up on investment income Investment income rose to 28.7 billion rupees from 13.7 billion rupees in 2022
POSITIVE
Other
Sri Lanka cabinet approval sought for debt restructuring process
6-Jun-24
Economy
There were cabinet papers submitted to get approval for changes required for debt restructuring
Sri Lanka cabinet approval sought for debt restructuring process There were cabinet papers submitted to get approval for changes required for debt restructuring
NEGATIVE
Other
Sri Lanka requests Maldives to relax migrant worker remittances limit
5-Jun-24
Economy
Bank of Maldives has restricted foreign remittances amid dollar shortage
Sri Lanka requests Maldives to relax migrant worker remittances limit Bank of Maldives has restricted foreign remittances amid dollar shortage
NEGATIVE
Other
Sri Lanka to have dedicated green economy unit in finance ministry: President
5-Jun-24
Environment
This unit will be responsible for funding programs aimed at promoting a green economy
Sri Lanka to have dedicated green economy unit in finance ministry: President This unit will be responsible for funding programs aimed at promoting a green economy
POSITIVE
Other
Law students in Sri Lanka mostly female, but President's Counsel male: Eran
5-Jun-24
Legal
There seems to be an attitude problem. We have to accept this. We cannot run away from this
Law students in Sri Lanka mostly female, but President's Counsel male: Eran There seems to be an attitude problem. We have to accept this. We cannot run away from this
POSITIVE
Other
Sri Lanka printers at Drupa fair with German support
5-Jun-24
Business
Equipped industry professionals with crucial insights into current and upcoming EU regulations
Sri Lanka printers at Drupa fair with German support Equipped industry professionals with crucial insights into current and upcoming EU regulations
POSITIVE
Other
Sri Lanka's COPF ends probe into controversial IVS-VFS Global visa deal
5-Jun-24
Business
.
Sri Lanka's COPF ends probe into controversial IVS-VFS Global visa deal .
NEGATIVE
Other
Sri Lanka rupee opens weaker at 302.20/35 to US dollar
5-Jun-24
Bonds & Forex
Bond yields were broadly steady.
Sri Lanka rupee opens weaker at 302.20/35 to US dollar Bond yields were broadly steady.
POSITIVE
Other
India's Modi tells Sri Lanka President he looks to economic partnership, amid poll setback
5-Jun-24
Economy
.
India's Modi tells Sri Lanka President he looks to economic partnership, amid poll setback .
NEGATIVE
Other
SriLankan Airlines make profits as currency depreciation stops
5-Jun-24
Economy
Large portions of losses in recent years have come from exchange losses
SriLankan Airlines make profits as currency depreciation stops Large portions of losses in recent years have come from exchange losses
NEGATIVE
Transportation
Sri Lanka SEC says took measures against unlicensed investment advisor
4-Jun-24
Markets
SEC in the past has fined market manipulators
Sri Lanka SEC says took measures against unlicensed investment advisor SEC in the past has fined market manipulators
NEGATIVE
Other
Modi's BJP-led alliance projected to lose significant number of seats in India elections
4-Jun-24
International Relations
Analysts attribute Tuesday's stunning result to rising prices, joblessness, a controversial army recruitment reform.
Modi's BJP-led alliance projected to lose significant number of seats in India elections Analysts attribute Tuesday's stunning result to rising prices, joblessness, a controversial army recruitment reform.
NEGATIVE
Other
Sri Lanka seeks public-private partnership to train Olympic contenders: minister
4-Jun-24
Sports
Joint program with support of the private sector and civil society to make Sri Lanka a medal winning country
Sri Lanka seeks public-private partnership to train Olympic contenders: minister Joint program with support of the private sector and civil society to make Sri Lanka a medal winning country
POSITIVE
Other
Sri Lanka rupee closes weaker at 302.10/20 to US dollar
4-Jun-24
Bonds & Forex
Bond yields were broadly steady.
Sri Lanka rupee closes weaker at 302.10/20 to US dollar Bond yields were broadly steady.
POSITIVE
Other
Sri Lanka stocks close up, conglomerates pick up
4-Jun-24
Stocks & Companies
Turnover was 899 million.
Sri Lanka stocks close up, conglomerates pick up Turnover was 899 million.
NEGATIVE
Other
Pakistan Air Sial flights to Sri Lanka likely to lower ticket prices: Envoy
4-Jun-24
Aviation
Sri Lanka does not have direct flight to Islamabad yet.
Pakistan Air Sial flights to Sri Lanka likely to lower ticket prices: Envoy Sri Lanka does not have direct flight to Islamabad yet.
NEGATIVE
Other
Sri Lanka relaxes food imports controls that were kept as poor skipped meals
4-Jun-24
Agriculture
.
Sri Lanka relaxes food imports controls that were kept as poor skipped meals .
NEGATIVE
Food Products
Sri Lanka considering price controls for cement: Minister
4-Jun-24
Economy
Cement companies announced they would be reducing prices by 150 rupees to 2,250 rupees for a 50-kilo bag.
Sri Lanka considering price controls for cement: Minister Cement companies announced they would be reducing prices by 150 rupees to 2,250 rupees for a 50-kilo bag.
NEGATIVE
Other
Sri Lanka's Litro gas reduces prices
4-Jun-24
Energy
12.5 kg cylinder reduced by 150 rupees
Sri Lanka's Litro gas reduces prices 12.5 kg cylinder reduced by 150 rupees
NEGATIVE
Other
Sri Lanka to halt illegal landfills, relocate hospitals in flood-prone areas: President
4-Jun-24
Disaster
Mulleriyawa and IDH hospitals to be relocated to alternative locations
Sri Lanka to halt illegal landfills, relocate hospitals in flood-prone areas: President Mulleriyawa and IDH hospitals to be relocated to alternative locations
NEGATIVE
Other
Sri Lanka's new Electricity Bill ruled unconstitutional by top Court
4-Jun-24
Legal
Opposition requests more time
Sri Lanka's new Electricity Bill ruled unconstitutional by top Court Opposition requests more time
NEGATIVE
Other
Sri Lanka faces barriers in reclaiming priceless artifacts from Britain
4-Jun-24
Culture
Sri Lanka has already received six artifacts from the Dutch last year.
Sri Lanka faces barriers in reclaiming priceless artifacts from Britain Sri Lanka has already received six artifacts from the Dutch last year.
NEGATIVE
Other
Sri Lanka explores including pharmaceuticals, machinery in Pakistan FTA: Envoy
4-Jun-24
Trade
Both Sri Lanka and Pakistan are yet to exploit the full potential of FTA
Sri Lanka explores including pharmaceuticals, machinery in Pakistan FTA: Envoy Both Sri Lanka and Pakistan are yet to exploit the full potential of FTA
NEGATIVE
Capital Goods
Sri Lanka rupee opens at 301.95/302.05 to US dollar
4-Jun-24
Bonds & Forex
Bond yields were broadly steady.
Sri Lanka rupee opens at 301.95/302.05 to US dollar Bond yields were broadly steady.
POSITIVE
Other
Sri Lanka electricity tariff revision proposal to regulator this week: Minister
4-Jun-24
Energy
The July tariff proposal will be submitted to the PUCSL this week
Sri Lanka electricity tariff revision proposal to regulator this week: Minister The July tariff proposal will be submitted to the PUCSL this week
NEGATIVE
Other
Sri Lanka budget deficit down, tax revenues up 41-pct to Feb 2024
4-Jun-24
Economy
Interest bill has started to ease
Sri Lanka budget deficit down, tax revenues up 41-pct to Feb 2024 Interest bill has started to ease
POSITIVE
Other
Sri Lanka to plant a tree to replace a tree: state minister
3-Jun-24
Disaster
Strong winds and heavy rains have brought down trees causing harm to life and property
Sri Lanka to plant a tree to replace a tree: state minister Strong winds and heavy rains have brought down trees causing harm to life and property
NEGATIVE
Other
Sri Lanka Government awaits Supreme Court ruling to cancel LG polls: State Minister
3-Jun-24
Politics
Sri Lanka govt did not allocate funds for LG polls last year citing no funds
Sri Lanka Government awaits Supreme Court ruling to cancel LG polls: State Minister Sri Lanka govt did not allocate funds for LG polls last year citing no funds
NEGATIVE
Other
Sri Lanka rupee closes flat at 301.90/302.00 to US dollar
3-Jun-24
Bonds & Forex
Bond yields were broadly steady.
Sri Lanka rupee closes flat at 301.90/302.00 to US dollar Bond yields were broadly steady.
POSITIVE
Other
Sri Lanka stocks close down, turnover low
3-Jun-24
Stocks & Companies
Turnover was 686 million. Most of this came from the food, beverage and tobacco stocks (Rs144mn).
Sri Lanka stocks close down, turnover low Turnover was 686 million. Most of this came from the food, beverage and tobacco stocks (Rs144mn).
NEGATIVE
Food Products
Sri Lanka foreign debt slightly down in March quarter, rupee debt up
3-Jun-24
Economy
Rupee debt continues expand amid deficit
Sri Lanka foreign debt slightly down in March quarter, rupee debt up Rupee debt continues expand amid deficit
NEGATIVE
Other
Sri Lanka floods kill 15, four rivers still rising
3-Jun-24
Weather and Climate
The island's Disaster Management said 3,727 families were hit by floods and landslides.
Sri Lanka floods kill 15, four rivers still rising The island's Disaster Management said 3,727 families were hit by floods and landslides.
NEGATIVE
Other
UNP gen secy defends call for postponing Sri Lanka poll, claims opposition silent
3-Jun-24
Politics
"I have made no statement that's undemocratic," he said.
UNP gen secy defends call for postponing Sri Lanka poll, claims opposition silent "I have made no statement that's undemocratic," he said.
NEGATIVE
Other
Sri Lanka watching 300 'high risk' trees in the capital Colombo
3-Jun-24
Accidents
Warnings amidst prevailing bad weather conditions
Sri Lanka watching 300 'high risk' trees in the capital Colombo Warnings amidst prevailing bad weather conditions
NEGATIVE
Other
Support for AKD drops to SP's level while RW makes gains, Sri Lanka poll shows
3-Jun-24
Politics
Support for Dissanayake dropped six percentage points to 39 percent in April.
Support for AKD drops to SP's level while RW makes gains, Sri Lanka poll shows Support for Dissanayake dropped six percentage points to 39 percent in April.
NEGATIVE
Other
Sri Lanka leads region in recruiting more women in banking but barriers remain: IFC
3-Jun-24
Banking
Women comprisie 46 percent of new recruits, according to the IFC study.
Sri Lanka leads region in recruiting more women in banking but barriers remain: IFC Women comprisie 46 percent of new recruits, according to the IFC study.
NEGATIVE
Other
Sri Lanka's Expolanka Holdings PLC extends exit offer
3-Jun-24
Stocks & Companies
"The timelines as set out in the original Exit Offer too shall continue to remain."
Sri Lanka's Expolanka Holdings PLC extends exit offer "The timelines as set out in the original Exit Offer too shall continue to remain."
NEGATIVE
Other
Sri Lanka rupee opens stable at 301.85/302.00 to US dollar
3-Jun-24
Bonds & Forex
Bond yields were steady.
Sri Lanka rupee opens stable at 301.85/302.00 to US dollar Bond yields were steady.
POSITIVE
Other
IMF Board to take up Sri Lanka program review on June 12
3-Jun-24
Economy
The session will evaluate Sri Lanka's economic policies and reform progress
IMF Board to take up Sri Lanka program review on June 12 The session will evaluate Sri Lanka's economic policies and reform progress
POSITIVE
Other
Maldives overtakes UK as second largest tourist source amid VFS Global visa controversy
2-Jun-24
Business
.In the first 30 days of May, Sri Lanka's has welcomed 108,000 tourist, down from 148,000 in April
Maldives overtakes UK as second largest tourist source amid VFS Global visa controversy .In the first 30 days of May, Sri Lanka's has welcomed 108,000 tourist, down from 148,000 in April
POSITIVE
Other
Sri Lanka balance of payments surplus US$1.3bn by April 2024
2-Jun-24
Economy
Excess liquidity remains
Sri Lanka balance of payments surplus US$1.3bn by April 2024 Excess liquidity remains
NEGATIVE
Other
Vietnam Truc Lam Monastery in Sri Lanka takes meditation to all communities
2-Jun-24
Culture
.
Vietnam Truc Lam Monastery in Sri Lanka takes meditation to all communities .
POSITIVE
Other
Sri Lanka coconut prices soar 20-pct at auction over May
1-Jun-24
Agriculture
The highest price was 79,900 rupees for 1,000 nuts at the May 30 auction
Sri Lanka coconut prices soar 20-pct at auction over May The highest price was 79,900 rupees for 1,000 nuts at the May 30 auction
NEGATIVE
Other
Sri Lanka foreign exchange earnings exceed imports by $542mn in April
1-Jun-24
Economy
Exports, tourism, remittances and net services were US$2,014 million in April 2024, compared to $1435mn for imports
Sri Lanka foreign exchange earnings exceed imports by $542mn in April Exports, tourism, remittances and net services were US$2,014 million in April 2024, compared to $1435mn for imports
NEGATIVE
Other
SAITM to be handed over to University of Moratuwa
31-May-24
Education
University to make pre-arrangements before commencing academic studies in January 2025.
SAITM to be handed over to University of Moratuwa University to make pre-arrangements before commencing academic studies in January 2025.
NEGATIVE
Other
Sri Lanka balance of payments surplus US$1.3bn by April 2024
2-Jun-24
Economy
Excess liquidity remains
Sri Lanka balance of payments surplus US$1.3bn by April 2024 Excess liquidity remains
NEGATIVE
Other
Vietnam Truc Lam Monastery in Sri Lanka takes meditation to all communities
2-Jun-24
Culture
.
Vietnam Truc Lam Monastery in Sri Lanka takes meditation to all communities .
POSITIVE
Other
Sri Lanka coconut prices soar 20-pct at auction over May
1-Jun-24
Agriculture
The highest price was 79,900 rupees for 1,000 nuts at the May 30 auction
Sri Lanka coconut prices soar 20-pct at auction over May The highest price was 79,900 rupees for 1,000 nuts at the May 30 auction
NEGATIVE
Other
Sri Lanka foreign exchange earnings exceed imports by $542mn in April
1-Jun-24
Economy
Exports, tourism, remittances and net services were US$2,014 million in April 2024, compared to $1435mn for imports
Sri Lanka foreign exchange earnings exceed imports by $542mn in April Exports, tourism, remittances and net services were US$2,014 million in April 2024, compared to $1435mn for imports
NEGATIVE
Other
SAITM to be handed over to University of Moratuwa
31-May-24
Education
University to make pre-arrangements before commencing academic studies in January 2025.
SAITM to be handed over to University of Moratuwa University to make pre-arrangements before commencing academic studies in January 2025.
NEGATIVE
Other
Sri Lanka renewables, power lines without tender to be legalized in new law: IESL
31-May-24
Energy
Regulator to be watered down
Sri Lanka renewables, power lines without tender to be legalized in new law: IESL Regulator to be watered down
NEGATIVE
Other
Sri Lanka inflation 2.5-pct in 20-months to May 2024, food deflates 5.7-pct
31-May-24
Economy
Since September 2022 food prices are down 5.79 percent
Sri Lanka inflation 2.5-pct in 20-months to May 2024, food deflates 5.7-pct Since September 2022 food prices are down 5.79 percent
NEGATIVE
Food Products
Dilshan Rodrigo made Chief Executive of Sri Lanka's Union Bank
31-May-24
Stocks & Companies
Indrajit Wickramasinghe retires after distinguished career
Dilshan Rodrigo made Chief Executive of Sri Lanka's Union Bank Indrajit Wickramasinghe retires after distinguished career
POSITIVE
Other
Sri Lanka rupee closes weaker at 301.90/302.00 to US dollar
31-May-24
Bonds & Forex
Bond yields were slightly up.
Sri Lanka rupee closes weaker at 301.90/302.00 to US dollar Bond yields were slightly up.
NEGATIVE
Other
Sri Lanka stocks close down, mixed sentiments on banks
31-May-24
Stocks & Companies
Turnover was 1.1 billion.
Sri Lanka stocks close down, mixed sentiments on banks Turnover was 1.1 billion.
NEGATIVE
Other
NH Collection brand enters Sri Lanka replacing Mövenpick at Softlogic hotel
31-May-24
Business
NH Collection is an upmarket brand of Bangkok-based Minor group
NH Collection brand enters Sri Lanka replacing Mövenpick at Softlogic hotel NH Collection is an upmarket brand of Bangkok-based Minor group
POSITIVE
Other
Rising Sri Lanka egg consumption should not deter exports: minister
31-May-24
Economy
"Because of the presence of bird flu in other countries, there is a high demand for eggs from Sri Lanka."
Rising Sri Lanka egg consumption should not deter exports: minister "Because of the presence of bird flu in other countries, there is a high demand for eggs from Sri Lanka."
NEGATIVE
Other
Sri Lanka moves to ban 'Happy Hour' leave hotels staggered
31-May-24
Business
The Happy Hour is not only found in Sri Lanka. It is across the world
Sri Lanka moves to ban 'Happy Hour' leave hotels staggered The Happy Hour is not only found in Sri Lanka. It is across the world
POSITIVE
Other
Sri Lanka to get blue economy research fellowships from India BIMSTEC initiative
31-May-24
International Relations
Research grant of up to INR 1 million and the opportunity to pursue studies at Indian research labs
Sri Lanka to get blue economy research fellowships from India BIMSTEC initiative Research grant of up to INR 1 million and the opportunity to pursue studies at Indian research labs
POSITIVE
Other
Sri Lanka rupee opens stable at 301.75/80 to US dollar
31-May-24
Bonds & Forex
Bond yields were steady.
Sri Lanka rupee opens stable at 301.75/80 to US dollar Bond yields were steady.
POSITIVE
Other
Donald Trump convicted 34 times in first for ex-US president
31-May-24
Legal
Trump slams the judge as 'corrupt' and claims he is a 'very innocent man' as expected
Donald Trump convicted 34 times in first for ex-US president Trump slams the judge as 'corrupt' and claims he is a 'very innocent man' as expected
NEGATIVE
Other
Sri Lanka confident of wrapping up debt talks for IMF review in June: State Minister
30-May-24
Fiscal
We have to open the second round of negotiations with bondholder
Sri Lanka confident of wrapping up debt talks for IMF review in June: State Minister We have to open the second round of negotiations with bondholder
POSITIVE
Other
Family member complaints about Sri Lankans in warfront rise to 455
30-May-24
Defence
Returnees have said about 600 to 800 Sri Lankans may be at the warfront working for Russian private military companies....
Family member complaints about Sri Lankans in warfront rise to 455 Returnees have said about 600 to 800 Sri Lankans may be at the warfront working for Russian private military companies....
NEGATIVE
Other
Sri Lanka businesses aim to strengthen links with IORA partners
30-May-24
Trade
IORA business conclave organized by the Ceylon Chamber of Commerce discusses collaboration between member states
Sri Lanka businesses aim to strengthen links with IORA partners IORA business conclave organized by the Ceylon Chamber of Commerce discusses collaboration between member states
POSITIVE
Other
Sri Lanka rupee closes flat at 301.85/90 to US dollar
30-May-24
Bonds & Forex
Bond yields were steady.
Sri Lanka rupee closes flat at 301.85/90 to US dollar Bond yields were steady.
NEGATIVE
Other
Sri Lanka stocks close up, banking stocks steady
30-May-24
Stocks & Companies
Turnover was 1.3 billion.
Sri Lanka stocks close up, banking stocks steady Turnover was 1.3 billion.
POSITIVE
Other
Sri Lanka needs energy transition law so private sector can come in: President
30-May-24
Energy
Enhance institutional capacity, regulatory framework for renewable energy procurement to attract private sector
Sri Lanka needs energy transition law so private sector can come in: President Enhance institutional capacity, regulatory framework for renewable energy procurement to attract private sector
POSITIVE
Other
Singapore team to help improve Sri Lanka immigration system
30-May-24
Economy
Will facilitate Sri Lanka's efforts to modernize and improve processes related to immigration, visa issuance
Singapore team to help improve Sri Lanka immigration system Will facilitate Sri Lanka's efforts to modernize and improve processes related to immigration, visa issuance
POSITIVE
Other
Sri Lanka tourists to get 60-day visa free entry to Thailand
30-May-24
International Relations
The visa will also allow foreign students of higher education to stay for one year after graduation and work
Sri Lanka tourists to get 60-day visa free entry to Thailand The visa will also allow foreign students of higher education to stay for one year after graduation and work
POSITIVE
Other
Reyaz Mihular chairman of Sri Lanka's Watawala Plantations
30-May-24
Agriculture
Mihular, a chartered accountant, appointed chairman, succeeding Sunil G Wijesinha who held the position for 12 years
Reyaz Mihular chairman of Sri Lanka's Watawala Plantations Mihular, a chartered accountant, appointed chairman, succeeding Sunil G Wijesinha who held the position for 12 years
POSITIVE
Other
Sri Lanka rupee opens lower at 301.60/75 to US dollar
30-May-24
Bonds & Forex
Bond yields were steady.
Sri Lanka rupee opens lower at 301.60/75 to US dollar Bond yields were steady.
POSITIVE
Other
Sri Lanka monetary policy is not to promote growth: CB Governor
30-May-24
Economy
The objective of monetary policy is to stabilize and facilitate for the country to achieve potential growth
Sri Lanka monetary policy is not to promote growth: CB Governor The objective of monetary policy is to stabilize and facilitate for the country to achieve potential growth
NEGATIVE
Other
Fearing legal action globally, Sri Lanka parliament calls to review UN’s evidence gathering
30-May-24
Human Rights
Right groups say Sri Lanka is likely face another resolution in the next UNHRC session
Fearing legal action globally, Sri Lanka parliament calls to review UN’s evidence gathering Right groups say Sri Lanka is likely face another resolution in the next UNHRC session
NEGATIVE
Other
Iraq official invites Sri Lanka investors to do business in Bagdad, Kurdistan
29-May-24
Trade
Through direct shipping facilities, Sri Lanka can enjoy benefits of fast and convenient trade facilitation to Europe, ME
Iraq official invites Sri Lanka investors to do business in Bagdad, Kurdistan Through direct shipping facilities, Sri Lanka can enjoy benefits of fast and convenient trade facilitation to Europe, ME
POSITIVE
Transportation
Sri Lanka prime minister says presidential election still scheduled for 2024
29-May-24
Politics
"We have restored democracy since the night it was destroyed," he said.
Sri Lanka prime minister says presidential election still scheduled for 2024 "We have restored democracy since the night it was destroyed," he said.
POSITIVE
Other
Sri Lanka's Aitken Spence Plantation Managements to delist from CSE
29-May-24
Stocks & Companies
The exit offer price is 240 rupees per share
Sri Lanka's Aitken Spence Plantation Managements to delist from CSE The exit offer price is 240 rupees per share
NEGATIVE
Other
Sri Lanka rupee closes broadly flat at 301.60/302.00 to US dollar
29-May-24
Bonds & Forex
Bond yields were down.
Sri Lanka rupee closes broadly flat at 301.60/302.00 to US dollar Bond yields were down.
NEGATIVE
Other
Sri Lanka Treasury bill yields fall across maturities, 3-months 8.62-pct
29-May-24
Bonds & Forex
All offered bills were sold
Sri Lanka Treasury bill yields fall across maturities, 3-months 8.62-pct All offered bills were sold
NEGATIVE
Other
Sri Lanka stocks close down after Commercial Bank capital call
29-May-24
Stocks & Companies
"There was significant selling pressure on the bank's shares which trickled to other banking stocks too,"
Sri Lanka stocks close down after Commercial Bank capital call "There was significant selling pressure on the bank's shares which trickled to other banking stocks too,"
NEGATIVE
Other
Sri Lanka central bank gets IFC, World Bank help to focus on green finance
29-May-24
Finance
By including inclusive green finance with an emphasis on export-oriented SMEs
Sri Lanka central bank gets IFC, World Bank help to focus on green finance By including inclusive green finance with an emphasis on export-oriented SMEs
POSITIVE
Other
Defence Ministry clearance a must for Sri Lanka ex-servicemen applying for Russia visa
29-May-24
Defence
Sri Lankans being deployed in the Russia-Ukraine conflict
Defence Ministry clearance a must for Sri Lanka ex-servicemen applying for Russia visa Sri Lankans being deployed in the Russia-Ukraine conflict
NEGATIVE
Other
Sri Lanka rubber sector collapse to worsen with wage hike order: official
29-May-24
Trade
"Just because our cost of production may rise, we cannot raise our sale prices, because we are not price makers"
Sri Lanka rubber sector collapse to worsen with wage hike order: official "Just because our cost of production may rise, we cannot raise our sale prices, because we are not price makers"
NEGATIVE
Other
Permanent residence for persons of Sri Lanka descent, foreign spouses
29-May-24
Legal
Persons of Sri Lanka descent are those with a Sri Lankan parent, grand parent or great grand parent
Permanent residence for persons of Sri Lanka descent, foreign spouses Persons of Sri Lanka descent are those with a Sri Lankan parent, grand parent or great grand parent
POSITIVE
Other
Sri Lanka new employment act will not prevent age discrimination: minister
29-May-24
Employment
“Ages it can be decide by the employer,” Nanayakkara said when asked about job advertisements that specify age.
Sri Lanka new employment act will not prevent age discrimination: minister “Ages it can be decide by the employer,” Nanayakkara said when asked about job advertisements that specify age.
NEGATIVE
Other
Sri Lanka's Combank stock slides after capital call
29-May-24
Banking
The bank made a capital call from shareholders of 22 billion rupees
Sri Lanka's Combank stock slides after capital call The bank made a capital call from shareholders of 22 billion rupees
NEGATIVE
Other
Sri Lanka delegation to visit Moscow soon for discussions over ex-soldiers in Russia-Ukraine war
29-May-24
Defence
Sri Lanka has officially said at least 16 local combatants have already died
Sri Lanka delegation to visit Moscow soon for discussions over ex-soldiers in Russia-Ukraine war Sri Lanka has officially said at least 16 local combatants have already died
NEGATIVE
Other
Sri Lanka rupee opens stronger at 301.00/20 to US dollar
29-May-24
Bonds & Forex
Bond yields broadly steady.
Sri Lanka rupee opens stronger at 301.00/20 to US dollar Bond yields broadly steady.
POSITIVE
Other