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 / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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