An Echelon Media Company
Friday July 1st, 2022

Sri Lanka shares up amid renewed interest on LIOC shares; concerns remain 

Investors are still worried about economic growth, higher interest rates

3 min read

Sri Lanka CEB warns of likely increase in power cut duration over lack of diesel  

Sri Lanka is facing risk of increased power cut

2 min read

Sri Lanka sees more people seeking risky boat journey to Australia despite deterrents

More Sri Lankans take risks of losing money, at mid sea instead of suffering the worst economic crisis.

4 min read

Sri Lanka’s guidance peg rises 33 cents despite dollar shortage 

Dollar shortage still weighs on Sri Lanka's essential imports.

1 min read

Sri Lanka Human Rights Commission probing rehabilitation centre mass escape

“We will give our recommendations based on our independent investigation,” said Liyanage.

3 min read

Sri Lanka can avoid food shortages by relaxing open account imports: Trade Minister

"With this, we expect to meet our needs without shortages, and also to reduce prices through competition," he said.

2 min read

Sri Lanka's state-run Litro Gas to distribute cooking gas from July 06

Litro procured 100,000 metric tons of LP gas – enough for four months – worth 90 million US dollars on June 30.

Mahadiya Hamza
1
Sri Lanka former president claims "zero" national security, criticises militarisation

"National security was the foremost slogan of the last election. Today, there is zero national security."

1
Sri Lanka government approval rating 3-pct, economic confidence minus: poll

Satisfaction 2-pct

1

Sri Lanka’s guidance peg rises 33 cents despite dollar shortage 

Dollar shortage still weighs on Sri Lanka's essential imports.

Sri Lanka's state-run Litro Gas to distribute cooking gas from July 06

Litro procured 100,000 metric tons of LP gas – enough for four months – worth 90 million US dollars on June 30.

Mahadiya Hamza

Sri Lanka former president claims "zero" national security, criticises militarisation

"National security was the foremost slogan of the last election. Today, there is zero national security."

Sri Lanka government approval rating 3-pct, economic confidence minus: poll

Satisfaction 2-pct

Latest Last
US Dollar 355.7601 367.2255
UK Pound 430.0380 452.1949
Euro 370.4145 389.8785
Aus Dollar 243.4459 256.3767
Yen 2.5919 2.7277
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.5623 4.5882
Korea Won 0.2773 0.2797
Oman Rial 934.7364 934.7931
Saudi Riyal 95.9138 95.8864
UAE Dirham 97.9767 97.9826
Source: Central Bank/Indicative
pts %
S&P SL20 2,334.36 -0.68%
CSE All Share 7,342.33 -0.32%
Turnover Rs million 785,395,580 815,332,807
Source: CSE
Latest Last
3-m bill 19.88 19.95
6-m bill 20.76 20.17
12-m bill 21.12 21.81
5-yr bond 19.79 19.87
8-yr bond 20.46 20.14
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's Colombo Port says has fuel to continue operations

Has 32,000MT of fuel

1 min read

Sri Lanka stocks edge up in mid-day trade

Shares edge up 1.03 percent within the first hour of trade on Friday (01)

1 min read

Sri Lanka economic recovery, a common minimum program

A series of detailed proposals

15 min read

Watch: LankaPay CEO on Driving Inclusion with Tech

LankaPay is on a quest to bring every Sri Lankan into the financial ecosystem

Latest Last
US Dollar 355.7601 367.2255
UK Pound 430.0380 452.1949
Euro 370.4145 389.8785
Aus Dollar 243.4459 256.3767
Yen 2.5919 2.7277
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.5623 4.5882
Korea Won 0.2773 0.2797
Oman Rial 934.7364 934.7931
Saudi Riyal 95.9138 95.8864
UAE Dirham 97.9767 97.9826
Source: Central Bank/Indicative
pts %
S&P SL20 2,334.36 -0.68%
CSE All Share 7,342.33 -0.32%
Turnover Rs million 785,395,580 815,332,807
Source: CSE
Latest Last
3-m bill 19.88 19.95
6-m bill 20.76 20.17
12-m bill 21.12 21.81
5-yr bond 19.79 19.87
8-yr bond 20.46 20.14
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 economic recovery, a common minimum program

A series of detailed proposals

15 min read

Sri Lanka inflation hits 54.6-pct in June 2022 after money printing

Food prices up 122-pct since output gap targeting began in August 2022

1 min read

BOC: The Banking Giant with Steady Hands

Bank of Ceylon, Sri Lanka's largest bank, has transformed the economy since its founding in 1939

10 min read

0

Sri Lanka central bank Governor Weerasinghe re-appointed

The new term will take effect from July 04,

1 min read

Sri Lanka bourse slips on rise in fixed asset returns; investors shrug off IMF statement

IMF has estimated a sharp contraction in the economic growth this year.

3 min read

Sri Lanka central bank's guidance peg weakens amid dollar shortage

Sri Lanka has yet to solve its dollar shortage crisis.

1 min read

Sri Lanka BASL urges police, army chiefs to ensure freedom of expression after arrest, disruptions

Six protesters arrested by police while army personnel have tried to disrupt a protest demanding Rajapaksa step down

Neshella Perera

3 min read

Sri Lanka to raise bus fares by 22 percent from midnight June 30

"In the annual price revision, 12 factors including the fuel prices will be taken into consideration."

Chanka Jayasinghe

2 min read

Crisis-hit Sri Lanka lifts ban on Qatar Charity as it tries to secure fuel supply from Doha

President Rajapaksa government has accused Qatar Charity of funding terrorism activities and frozen its accounts.

Shihar Aneez

3 min read

Sri Lanka's gazetted 22nd amendment bill is a diluted version of itself: CPA

"The present gazetted Bill represents a significant weakening of the previous limited proposals by the Minister."

5 min read

1

Sri Lanka foreign ministry's consular affairs division limits services to three days

"The same working arrangements will also apply to the Regional Consular offices."

Chanka Jayasinghe

2 min read

Sri Lanka's Litro Gas acquires 100,000MT of LP gas using World Bank funds

The prime minister’s office said Thursday June 30 afternoon that the remaining 20 million dollars was from Litro.

1 min read

A second Sri Lankan police officer shoots himself in under a month

Police suspect the SI took his own life over a personal matter relating to a private dispute.

Neshella Perera

1 min read

IMF says Sri Lanka bailout see significant progress

No staff level agreement yet, creditor assurances needed

4 min read

Sri Lanka stocks slip in mid-day trade

ASPI is down 0.19 percent at 1130 hours

1 min read

Capital Alliance, CT CLSA win top Sri Lanka's CFA capital market awards

Awards are given for research and fund unit trusts

1 min read

Sri Lanka hoteliers urge govt to extend debt moratorium by six months

"We need to bounce back and bounce back fast,” said Cooray.

Mahadiya Hamza

3 min read

Sri Lanka in worst crisis in modern times, differing views on rupee: Prime Minister

Worst crisis in modern times

4 min read

Sri Lanka's 3-month T-bills rise over 300-bps at weekly auction

The debt office sold 39.33 billion rupees of 3-month bills after offering 37.5 billion.

1 min read

Sri Lanka stocks recover from 2-month low on hopes of IMF deal

IMF is expected to issue a statement on its discussions with Sri Lankan officials on Thursday.

3 min read

Sri Lanka guidance peg edge up despite dollar shortage

T-bill yields jumped across the tenure at the weekly auction on Wednesday.

1 min read

Fearing another attack, Sri Lanka parliament removes details of MPs on request - official 

Sri Lankans are frustrated of waiting in queues for days to buy fuel, cooking gas, kerosene

Neshella Perera

2 min read