Reuters – ** The Sri Lankan rupee closed on Thursday near a record low hit earlier this week as banks and importers purchased the dollar, while stocks closed flat with higher turnover. ** The rupee ended at 172.80/90 per dollar on Thursday, compared with its previous close of 172.60/70. ** The rupee dropped to an…
Architecture Xtudio, a conference for the architecture and construction industries, will be held on 29 October from 9 am to 5 pm at the Hilton Colombo. The event will bring together key decision makers and actors in the industry to synthesize the conversation on facades and interiors while also showcasing vendors, all incorporated into parallel…
Experience the Best of Thailand and Beyond with promo all-in fares from LKR 13,999* one way COLOMBO, 22 October 2018 – AirAsia marks another foray into South Asia by offering direct services between Colombo in Sri Lanka and Thailand’s capital city of Bangkok. This 4-time weekly flight service is slated to commence operation on…
The Central Bank of Sri Lanka (CBSL) compiles and analyses several indicators, in order to monitor the developments in the real estate sector. Accordingly, the Land Price Index (LPI) (base year: 1998) has been compiled annually from 1998-2008 and bi-annually from 2009-2017, covering 50 centers of 5 DS divisions in the Colombo District. With the…
From fresh fish to delicate flowers, Emirates SkyCargo helps carry a microcosm of the country to the world Many of Sri Lanka’s exports are colourful, tasty or fragrant and must arrive at their destinations on time and in pristine condition, a service Emirates SkyCargo continues to provide with distinction. According to figures released by the…
Singapore — Sri Lankan importers have temporarily stopped importing sugar after the government hiked import duty and imposed a maximum domestic retail price, which made imports uneconomical, market sources said. The Consumer Affairs Authority (CAA) of Sri Lanka fixed the maximum retail price for white sugar at Rupee 100/kg on October 12, which is equivalent to…
Reuters – The Sri Lankan rupee slumped to a fresh low for a third straight session on Tuesday due to importer dollar demand and foreign selling in government securities, market sources said. The currency touched an all-time low of 172.95 per dollar on Tuesday, surpassing the previous record of 172.50 hit on Monday. It closed…
Bloomberg – Southeast Asia is seeing a boom in foreign direct investment as the intensifying trade war between the U.S. and China prompts companies to shift production to the region. Vietnam saw manufacturing inflows jump 18 percent in the first nine months of 2018, driven by investments including a $1.2 billion polypropylene production project by…
Headline Inflation, as measured by the change in the National Consumer Price Index (NCPI, 2013=100), which is compiled by the Department of Census and Statistics (DCS), decreased to 0.9 per cent in September 2018, the lowest since January 2016, from 2.5 per cent in August 2018 on year-on-year basis. The deceleration in year-on-year inflation in…
Reuters – ** The Sri Lankan rupee hit a record low on Monday as banks and importers purchased the U.S. dollar, while stocks edge up from their nearly five-year closing low hit in the previous session. ** The rupee dropped 0.4 percent to an all-time low of 172.50 per dollar, surpassing its previous low of…
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