EXCHANGE RATES ON 02.10.2023
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Further boom in business activities expected in 2024 -Dr Weerasinghe
One can expect a further boom in business activities next year with inflation down to single digit and interest rates falling drastically,…
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Inflation records significant decline in Sept. 2023
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) decreased to 1.3% in September…
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Sri Lanka’s GDP growth to reach 3.3% next year – Fitch
Fitch Ratings: Fitch rating says that Sri Lanka’s GDP which contracted by 2.7% yoy in 2Q23, slowing from the 12% contraction in…
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Construction industry optimistic of recovery in next three months
The construction industry continued to perform at a subdued level in August 2023, yet reaching towards the neutral threshold, recording a Total…
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Dubai’s Al-Futtaim to discuss investment opportunities in both Colombo Port City and on shore
Established in the 1930s as a trading business Al-Futtaim is one of the most progressive regional family businesses headquartered in Dubai, UAE…
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Lanka’s tourist arrivals surpasses expectations: sparks new hope
Tourist arrivals in Sri Lanka recorded a steady recovery in the first half of 2023 outpacing the targets according to First Capital…
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iBEX Global USA opens in Sri Lanka
iBEX Global, one of the leading international trade finance services providers set up in the USA will be opening in Sri Lanka…
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Ceylon Biscuits enhances manufacturing efficiency with Microsoft Azure
Ceylon Biscuits Limited (CBL), recognized as a Sri Lankan confectionery and food manufacturing conglomerate, has taken the initiative to embrace new technologies…
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PRovoke Media recognizes PR Wire as Asia-Pacific’s “Best Agency to Work For” again
PR Wire, one of Sri Lanka’s leading Public Relations consulting firms, has earned the prestigious title of “Best Agency to Work For”…
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