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Sunday May 22nd, 2022

Indian shipment of rice, milk powder, medicines worth 2bn arrive in Sri Lanka

9,000 metric tonnes of rice, 200 metric tonnes of milk powder and 24 metric tonnes of essential medicines arrived.

1 min read

Sri Lanka utility regulator rubbishes "baseless" power cut forecasts by politicians

Ratnayake also urged citizens to keep the upcoming GCE Ordinary Level examinations in mind when conducting protests.

3 min read

Sri Lanka President’s shaman had 250-man army guard

She did not see the attack coming, but believed its was due to a “sin” she had committed in a previous life

3 min read

Mob sets Sri Lanka fuel station owner's house on fire amid petrol queues

Fuel was being supplied until late afternoon Saturday until stocks ran out.

1 min read

Sri Lanka's daily power cuts to be reduced to three hours from May 23

There will be no power cuts on Saturday (22) and the following Saturday (29) due to the GCE Ordinary Level exams.

3 min read

Sri Lanka remittances down 52-pct in April 2022

Money printing triggers excess outflows, forcing the currency down and triggering parallel exchange rates

3 min read

Sri Lanka looks for dollars to pay Russia crude ship

It has 90,000 metric tonnes of Siberian Light Crude

Sri Lanka energy minister says adequate fuel stocks will be available over next 10 days

The energy minister attempted to reassure consumers that there would be no shortage going forward.

Sri Lanka to suspend fuel supply to filling stations where protestors block roads

Protests demanding the resignation of President Gotabaya Rajapaksa continue around the island.

Neshella Perera

Mob sets Sri Lanka fuel station owner's house on fire amid petrol queues

Fuel was being supplied until late afternoon Saturday until stocks ran out.

Neshella Perera

Sri Lanka looks for dollars to pay Russia crude ship

It has 90,000 metric tonnes of Siberian Light Crude

Sri Lanka energy minister says adequate fuel stocks will be available over next 10 days

The energy minister attempted to reassure consumers that there would be no shortage going forward.

Sri Lanka to suspend fuel supply to filling stations where protestors block roads

Protests demanding the resignation of President Gotabaya Rajapaksa continue around the island.

Neshella Perera
Latest Last
US Dollar 364.4504 364.5309
UK Pound 454.9265 452.1215
Euro 385.9320 383.7066
Aus Dollar 257.4611 256.8567
Yen 2.8648 2.8518
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.6218 4.6218
Korea Won 0.2831 0.2820
Oman Rial 933.6892 933.8840
Saudi Riyal 95.8319 95.8811
UAE Dirham 97.8683 97.8887
Source: Central Bank/Indicative
pts %
S&P SL20 2,750.91 1.75%
CSE All Share 8,265.61 1.12%
Turnover Rs million 1,978,302,133 1,597,235,821
Source: CSE
Latest Last
3-m bill 21.19 21.10
6-m bill 21.80 21.68
12-m bill 22.67 22.39
5-yr bond 22.43 21.89
8-yr bond 22.52 21.78
Source: Central Bank/Indicative
today yesterday
Overnight Money 14.50 14.50
Gilt Repo 14.50 14.50
I-m SLIBOR - -
Source: Central Bank/Indicative
Sri Lanka non-oil imports down in March 2022 as soft-peg collapses

Non-oil imports fell 17.7 percent to 1,299.1 million US dollars in March 2022

3 min read

Cash-strapped Sri Lanka's endless queues spur desperate but creative entrepreneurship

“They tell me I’m doing a bloody good job,” says de Silva. “I’m sure everyone will start doing this soon.”

Dulya de Silva

4 min read

Indian shipment of rice, milk powder, medicines worth Rs 2bn en route to Sri Lanka

It is scheduled to arrive in Colombo on Sunday (22) as part of Indian aid to cash-strapped Sri Lanka.

1 min read

From cheque clearing to global payments: how LankaPay democratized payments

The company is championing payments infrastructure development, inclusivity and innovation

Latest Last
US Dollar 364.4504 364.5309
UK Pound 454.9265 452.1215
Euro 385.9320 383.7066
Aus Dollar 257.4611 256.8567
Yen 2.8648 2.8518
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.6218 4.6218
Korea Won 0.2831 0.2820
Oman Rial 933.6892 933.8840
Saudi Riyal 95.8319 95.8811
UAE Dirham 97.8683 97.8887
Source: Central Bank/Indicative
pts %
S&P SL20 2,750.91 1.75%
CSE All Share 8,265.61 1.12%
Turnover Rs million 1,978,302,133 1,597,235,821
Source: CSE
Latest Last
3-m bill 21.19 21.10
6-m bill 21.80 21.68
12-m bill 22.67 22.39
5-yr bond 22.43 21.89
8-yr bond 22.52 21.78
Source: Central Bank/Indicative
today yesterday
Overnight Money 14.50 14.50
Gilt Repo 14.50 14.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Indian shipment of rice, milk powder, medicines worth Rs 2bn en route to Sri Lanka

It is scheduled to arrive in Colombo on Sunday (22) as part of Indian aid to cash-strapped Sri Lanka.

1 min read

Sri Lanka stocks up after cabinet appointment amid concerns

The new government yet come up with some concrete steps to come out of Sri Lanka's unprecedented economic crisis

2 min read

Watch - 99x: a holistic approach to crisis management

99x is investing considerable resources behind a broad-based strategy for growth amidst a crisis

1 min read

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Dilshan Wirasekara appointed Sri Lanka's Stock Exchange chairman

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1 min read

Japan to provide $1.5mln essential food grant to Sri Lanka

Grant aims to provide three-months worth of essential foods to 15,000 affected families

1 min read

Sri Lanka food shortfalls, high prices feared after open account, DA/DP ban

Food suppliers have been willing to extend credit to local importers due to strong relationships spanning generations

2 min read

Sri Lanka rupee at 364 to TT dollar, guidance rate at Rs359.47

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1 min read

Sri Lanka renewable firms, engineering firms promoted in Mozambique

Over 29 local companies had participated in the virtual meeting

1 min read

Amid shortage, Sri Lanka suspends filling station licenses for hoarding fuel

The banned stations are in Makola South, Naalla, Pethiyagodda and Mirigama.

2 min read

Sri Lanka appoints nine new cabinet ministers

Two from Samagi Jana Balawegaya

1 min read

Sri Lanka injects Rs60bn for 40 days below risk free yield

Injections despite severe fuel and cooking gas shortages

1 min read

Fitch downgrades Sri Lanka bonds to Default, sovereign rating to RD

Cross default clauses triggered

6 min read

Sri Lanka dengue cases double in first 19 weeks; shortage of chemicals weighs

"We are unable to support the dengue prevention programs that are being implemented by the authorities"

Chanka Jayasinghe

2 min read

Sri Lanka power cuts after 6.00 pm halted from May 22 for school exams

Hydro power generation is on the rise, all power plants in Norochcholai will be operational from Monday

Dulya de Silva

2 min read

Sri Lanka still rated 'Ca' by Moody's after default, signaling recovery rate of 35-65-pct

Delays is fiscal reforms can reduce the recovery rate

4 min read

Sri Lanka stocks fall on concerns over fuel shortage, political instability

Sri Lanka sees long queues for fuel around the country

2 min read

Sri Lanka IMF discuss macro-fiscal plan, Finance Minister needed for policy sign-off

Debt advisors expected to be appointed by the cabinet soon

4 min read

Sri Lanka to impose LC deposit margins to discourage imports

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1 min read

Sri Lanka will control interest rates with OMO, direct bill purchases: CB Governor

In the rupee interest rates we can give central bank financing to the primary market and through open market operations

2 min read

Sri Lanka legislators sought hotel accommodation amid petrol shortages: Speaker

"They asked me to book a hotel for them to stay here," said the Speaker.

4 min read

Sri Lanka to crack down on foreign currency note holders: CB Governor

Note holding ceiling to be brought down from 15,000 to 10,000 dollars

1 min read

Sri Lanka PM asks COPE to summon Litro Gas officials over distribution delay

Angry consumers have started street protests on a daily basis by blocking roads demanding cooking gas.

1 min read