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Sri Lanka stocks down 2.22 percent, S&P SL20 falls below 6,000
EconomyNext 1 month ago
Sri Lanka stocks down 2.22 percent, S&P SL20 falls below 6,000

As the Israel-US attacks on Iran and the subsequent retaliation entered the third week.

Sri Lanka sells extra Rs9bn Treasury bills after auction
EconomyNext 1 month ago
Sri Lanka sells extra Rs9bn Treasury bills after auction

Bringing the total of bills sold last week to 105,719 million rupees.

Sri Lanka’s Maharaja Foods lists new shares after rights issue
EconomyNext 1 month ago
Sri Lanka’s Maharaja Foods lists new shares after rights issue

112.5 million rupees was raised

Sri Lanka rupee flat, bond yields edge up
EconomyNext 1 month ago
Sri Lanka rupee flat, bond yields edge up

Stocks opened down

Foreigners sell US$14.6mn worth Sri Lanka rupee bonds amid depreciation pressure
EconomyNext 1 month ago
Foreigners sell US$14.6mn worth Sri Lanka rupee bonds amid depreciation pressure

Sri Lanka has seen over US$56 mn worth net inflows into rupee bonds this year

Sri Lanka switches back to restrict fuel with QR system
EconomyNext 1 month ago
Sri Lanka switches back to restrict fuel with QR system

The government accuse some groups illegally purchasing excess fuel illegally

Olympic committee of Sri Lanka, Carnage partner to boost athletes
EconomyNext 1 month ago
Olympic committee of Sri Lanka, Carnage partner to boost athletes

Carnage will design, develop, and supply specialised apparel for multiple disciplines, including com…

Sri Lanka February tourism revenue down 4.3 pct
EconomyNext 1 month ago
Sri Lanka February tourism revenue down 4.3 pct

Monthly tourism earnings have edged down in six out of the last eight months after change in per day…

AI-related risks rising for software, media, and services corporates: Fitch Ratings
EconomyNext 1 month ago
AI-related risks rising for software, media, and services corporates: Fitch Ratings

Asset-light businesses where value is driven by intangibles such as software, IP, brands and human c…

Sri Lanka explores Russian fuel purchase after U.S. lifts sanctions
EconomyNext 1 month ago
Sri Lanka explores Russian fuel purchase after U.S. lifts sanctions

Sri Lanka was also hit by US sanctions on Iran in 2012

Mazagon Dock Shipbuilders acquires 51-pct stake in Colombo Dockyard
EconomyNext 1 month ago
Mazagon Dock Shipbuilders acquires 51-pct stake in Colombo Dockyard

The mandatory offer to buy shares at 40 rupees each expired on March 12

Sri Lanka stocks end the week down 1.34-pct
EconomyNext 1 month ago
Sri Lanka stocks end the week down 1.34-pct

4.5 percent weaker compared to the same day last week