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4 days ago · Sri Lanka's 24x7 Business News Portal - Sri Lanka economy, business and finance, Sri Lanka rupee, Sri Lanka stocks, interest rates, bonds and foreign exchange on Adaderanabiz.lk
Stock Market Plunges Following 26-Day Bull Run
3 days ago · After an unprecedented 26-day rally, the Colombo Stock Exchange (CSE) faced a significant decline today (03), with key indices recording sharp drops. The All Share Price Index (ASPI) declined by 299.13 points to close at 16,049.42, while the S&P SL20 Index fell by 46.05 points, ending the session at 4,925.82. The turnover of Rs. 11.48...
Top News Archives - Adaderana Biz English | Sri Lanka Business News
Dec 27, 2024 · Ambeon Holdings PLC Increases Stake in Seylan Bank PLC and Strengthens Financial Services Footprint. This investment follows the strategic move by Ambeon Capital PLC and its subsidiaries, who recently acquired a 9.02% stake in DFCC Bank PLC Ambeon Holdings PLC, a diversified conglomerate with a strong presence across multiple sectors, continues to strengthen its position in Sri Lanka’s ...
The Economy: Economic Sentiment Steadies - Adaderana Biz …
4 days ago · A mixed but cautiously optimistic outlook prevails as Budget 2025 approaches Confidence about the economy in corporate circles remains subdued, despite the rise of the LMD-PEPPERCUBE Business Confidence Index (BCI), which perhaps suggests a sense of caution ahead of Budget 2025. According to Pepper-Cube Consultants, the newly elected government has been well received by the...
Colombo Stock Market achieves historic 49.66% growth in 2024
5 days ago · The Colombo Stock Market’s All Share Price Index (ASPI) delivered an exceptional performance in 2024, recording a remarkable growth of 49.66%. Starting the year at 10,654.16 points, the ASPI surged to a historic high of 15,944.61 points by year-end. Similarly, the S&P SL20 Index, which tracks the top 20 leading companies on the exchange, grew...
Sri Lanka Business News - Page 2 of 3609 - Ada Derana
Dec 10, 2024 · The Asian Development Bank (ADB) has approved a $30 million Small Expenditure Financing Facility (SEFF) for the Ceylon Electricity Board (CEB), guaranteed by the Democratic Socialist Republic of Sri Lanka, to bolster the sustainability of ongoing and future energy sector projects.
Sri Lanka's Economy Stabilized; Continued Reforms Critical to …
Oct 10, 2024 · Sri Lanka’s economy has stabilized, with growth expected to reach 4.4 percent in 2024, surpassing earlier forecasts. This positive outlook follows four consecutive quarters of growth driven by the industrial and tourism sectors and supported by critical structural and policy reforms, says the World Bank. Released today, the World Bank’s bi-annual Sri Lanka Development Update, titled Opening...
Business Sentiment: Index Climbs to an 11 Month High
May 31, 2024 · Business confidence spikes for a third consecutive month to nearly three digits Sri Lanka’s internal affairs are heating up with critical agreements pending regarding debt restructuring. The government however, is confident that the process will be completed in time for the release of the third IMF tranche in June. President Ranil …
World Bank Signs Additional $200 Million to Support Sri Lanka’s ...
Oct 7, 2024 · The World Bank and the Government of Sri Lanka today (07) signed the Second Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO) for $200 million. This is the second operation in a two-part series that began in 2022. The first operation, totaling $500 million, was disbursed in June …
Remarkable Surge in Agricultural Exports in First Half of 2024
Jul 16, 2024 · Of the USD 250.9 million expected to be settled from tea exports to Iran for fuel debt, US$ 55 million has been paid so far – Chairman of Sri Lanka Tea Board. A Coconut Triangle established in the Northern Province to improve living conditions in the region – Chairman of CDA. Special program initiated to...