Trends - Sri Lankan economy - Business Recorder

Sri Lankan economy

Sri Lanka’s key inflation rate falls to 0.5% in August

BENGALURU/COLOMBO: Sri Lanka’s key inflation rate fell to 0.5% in August on the year from 2.4% last month, the...

Published 30 Aug, 2024 04:53pm

World

Sri Lanka’s economic crisis and debt deal with bilateral creditors

COLOMBO: Sri Lanka signed an agreement with its bilateral creditors led by Japan and India, Sri Lankan president’s...

Published 26 Jun, 2024 03:15pm

World

Sri Lankan economy bounces back as inflation dips

COLOMBO: Sri Lanka on Monday hailed data showing the economy grew far more than expected in the first quarter, as...

Published 17 Jun, 2024 10:08am

Markets

Sri Lankan shares fall as communication services, utilities stocks weigh

BENGALURU: Sri Lankan shares closed lower on Friday, pulled down by communication services and utilities stocks. The...

Published 14 Jun, 2024 06:47pm

World

Sri Lanka’s economic recovery strengthens in first quarter

COLOMBO: Sri Lanka’s economy grew 5.3% year-on-year in the first three months of 2024, official data showed on...

Published 14 Jun, 2024 05:34pm

Business & Finance

Sri Lanka aims to halve debt servicing costs, central bank chief says

COLOMBO: Sri Lanka is committed to achieving debt sustainability at the earliest and aims to halve the servicing...

Published 07 May, 2024 02:41pm

World

Sri Lanka leases white elephant airport built with Chinese loans

COLOMBO: Sri Lanka said Friday it had leased a white elephant international airport built with Chinese loans to a...

Published 26 Apr, 2024 05:07pm

World

Sri Lanka’s inflation drops to 2.5% in March

COLOMBO: Sri Lanka’s consumer price inflation dropped to 2.5% in March from 5.1% in February, official data showed...

Published 22 Apr, 2024 03:32pm

World

Sri Lanka records first growth after debt default

COLOMBO: Sri Lanka’s economy grew in the September quarter, the central bank said Saturday, its first expansion...

Published 16 Dec, 2023 03:21pm

World

Sri Lanka grows 1.6% in Q3, first economic expansion in six quarters

COLOMBO: Sri Lanka’s economy grew by 1.6% in the quarter from July to September for the first time in six quarters,...

Published 15 Dec, 2023 05:06pm

World

Sri Lanka approves VAT hike to 18% ahead of IMF review

COLOMBO: Sri Lanka’s parliament approved a hike in value-added tax (VAT)to 18% from 15% on Monday ahead of the...

Published 11 Dec, 2023 07:09pm

World

Sri Lanka inflation doubles ahead of debt deal

COLOMBO: Sri Lanka’s inflation more than doubled to 3.4 percent in November, the statistics office said Thursday, a...

Published 30 Nov, 2023 06:01pm

Business & Finance

Sri Lanka resumes rate cuts to boost growth as inflation cools

COLOMBO: Sri Lanka’s central bank resumed interest rate cuts on Thursday to boost growth and as the government seeks...

Published 05 Oct, 2023 10:00am

World

Sri Lankan economy to see growth next year after 3.8% contraction, says World Bank

COLOMBO: Sri Lanka’s economy is set to perform better than expected but still see a significant contraction in 2023...

Published 03 Oct, 2023 12:10pm

World

Sri Lanka’s creditors likely to reach debt reduction deal in Oct

TOKYO: Sri Lanka’s major creditors such as Japan, India and France are likely to reach a broad agreement this month...

Published 02 Oct, 2023 04:37pm

World

Sri Lanka’s economy shrank 3.1% in Q2 amid financial crisis

COLOMBO: Sri Lanka’s economy shrank 3.1% in the April-June quarter, official data showed on Friday, as the country...

Published 15 Sep, 2023 04:50pm

Markets

Crisis-hit Sri Lanka readies for critical first IMF review

Crisis-hit Sri Lanka must convince IMF officials that it has met key goals under a $2.9 billion bailout to push...

Published 13 Sep, 2023 01:04pm

World

Pakistan among countries in grip of debt problems

LONDON: The persistent and damaging debt problems gripping a number of developing world nations will be a core topic...

Published 03 Sep, 2023 02:57pm

World

Sri Lanka records lowest inflation since economic crisis

COLOMBO: Inflation in crisis-hit Sri Lanka eased to 4.0 percent in August, the lowest since before last year’s...

Published 01 Sep, 2023 12:01pm

World

Sri Lanka lifts import limits on 286 items as crisis eases

COLOMBO: Sri Lanka lifted import restrictions on 286 items, the Finance Ministry said on Saturday, a fresh sign the...

Published 10 Jun, 2023 02:09pm

World

Debt-ridden Sri Lanka gets $350mn loan boost from Asian Development Bank

COLOMBO: The Asian Development Bank (ADB) on Monday approved a $350 million special policy-based loan to provide...

Published 29 May, 2023 02:01pm

World

Sri Lanka could wrap up debt restructure talks by Sept, president says

TOKYO: Crisis-stricken Sri Lanka should be able to conclude newly-launched debt restructuring talks by September, or...

Published 25 May, 2023 09:21am

World

Sri Lanka expects FDI to jump to $1.3bn with India taking lead

COLOMBO: Sri Lanka is expecting foreign direct investment inflows to rise by a fifth to $1.3 billion this year, a...

Published 24 May, 2023 06:34pm

Business & Finance

Chinese state-owned firm to build major Sri Lanka port complex

COLOMBO: A Chinese state-owned firm said on Monday it plans to take its investment in Sri Lanka to $2 billion by...

Published 01 May, 2023 05:35pm

World

Sri Lanka’s inflation dips as IMF bailout kicks in

COLOMBO: Cash-strapped Sri Lanka’s inflation eased to 35.3 percent, the lowest in a year, the statistics office said...

Published 28 Apr, 2023 08:52pm

Business & Finance

Sri Lanka’s key inflation rate eases to 35.3% in April

COLOMBO: Sri Lanka’s key inflation rate eased to 35.3% in April from 50.3% in March, the statistics department said...

Published 28 Apr, 2023 03:14pm

World

Sri Lanka’s economy to shrink by 2% in 2023

NEW DELHI: Sri Lanka’s economy is expected to shrink by 2% in 2023, its central bank said in an annual report on...

Published 27 Apr, 2023 05:22pm

World

Sri Lanka expects to finalise domestic debt rework by May

LONDON/COLOMBO: Sri Lanka will kick off a reworking of part of its domestic debt next month and aims to finalise it...

Published 30 Mar, 2023 08:31pm

World

Sri Lanka’s economy shrinks 7.8% in 2022

COLOMBO: Sri Lanka’s economy shrank 7.8% in 2022 from a year ago, government data showed on Wednesday, as the...

Published 15 Mar, 2023 05:23pm

World

Sri Lanka president says no side arrangements with any creditor

COLOMBO: Sri Lanka will not make side arrangements with any of its bilateral or commercial creditors to reduce the...

Published 14 Mar, 2023 08:43pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 25	252.10

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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