The Colombo Rubber Auction has seen considerable gains this week following the difference in the foreign exchange rate brought on by the Central Bank this week.
The Central Bank on Monday adjusted the rupee to Rs.230 against the US dollar, from Rs.203 earlier in a major devaluation move.
Latex crepe saw prices move up further from last week’s Rs.710 per kilo to Rs.750 per kilo. RSS1 which was at Rs.480 per kilo at the last sale moved up to Rs.525 per kilo this week.
Low quantity on offer and the foreign exchange rate difference were key to the improvements in the prices at the auctions, Asia Siyaka Brokers said.
Prices are expected to remain steady in future sales as well.
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
Villagers in Nirmalapura, Daluwa, Norochcholai today staged a protest over an incident where a group of Navy officials and sailors had assaulted a resident in the area over night, Police said.
Ajith Gallage, the owner of a Bird Park in Nagarawawa, Hambantota, has been remanded over allegations of concealing illegally imported motorcycles, in a warehouse owned by him.
Leave Comments