Business

Sri Lankan Rupee Strengthens Against Major Currencies

3rd December 2024

<p>The Sri Lankan Rupee appreciated slightly against the US dollar this week, marking a positive shift after a prolonged period of depreciation. Economists attribute this to increased tourism and remittances during the holiday season.</p>

World Bank Approves Loan to Support Sri Lankan SMEs

The $500 million fund will boost small and medium-sized enterprises post-pandemic.

Stock Markets Rally as Global Inflation Eases

Investors breathe a sigh of relief as inflation numbers show downward trends.

Sri Lanka's Tourism Industry Booms Ahead of Holiday Season

Visitor numbers are climbing as airlines add more routes to Colombo and Galle.

Global Oil Prices Dip Amid Strong Supply

Crude oil prices fall as production exceeds market expectations.

Colombo Stock Exchange Reports Strong Year-End Performance

Investors remain optimistic as key sectors outperform expectations.

Sri Lanka and Japan Sign New Trade Agreement

The two nations strengthen economic ties through bilateral trade and technology exchange.

Sri Lanka's Inflation Rate Falls to Two-Year Low

The economy shows signs of stabilization heading into 2025.

WHO Declares Eradication of Polio in Two More Countries

Health experts celebrate a milestone in the global vaccination campaign.

Sri Lankan Athletes Shine at Asian Athletics Championship

Sri Lankan athletes won 8 medals, including 3 gold, at the Asian Athletics Championship in Bangkok. Highlights included record-breaking performances in sprint events and field competitions. The successful showing has boosted confidence ahead of next year's World Championships, with several athletes qualifying for international competitions.

Mobile Healthcare Units Expand to Rural Areas

The Ministry of Health has deployed 50 new mobile healthcare units to serve remote villages across Sri Lanka. The specially equipped vehicles provide medical checkups, vaccinations, and basic treatments to communities with limited access to healthcare facilities. The initiative has already served over 10,000 patients and will expand to cover all rural districts by 2026.

International Space Station Celebrates 25 Years in Orbit

Astronauts commemorate a quarter-century of scientific achievement.

Colombo Hosts Major Tech Expo Showcasing AI Startups

Over 100 startups present groundbreaking AI applications at the annual expo.