An Echelon Media Company
Tuesday April 23rd, 2024

Anger, suspicion prevail as Sri Lanka Catholics mark fifth year of Easter attack

Catholic leaders strongly express their disappointment over Easter Sunday attack

6 min read

Iran President to open Sri Lanka $514mn irrigation, hydro power project

Project designed and built by Iran's Farab engineering group

2 min read

Sri Lanka state oligopoly allowed to import some black gram

STC, Food Promotion Board and Hadabima Authority allowed to import some black gram

1 min read

Sri Lanka Foreign Ministry consular division shifted to Battaramulla

Urgent applications to be submitted by April 26 due to closure

1 min read

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Sri Lanka single borrower limits cut to 25-pct of bank capital, SOEs also included

Banks will have to limit exposures to 25 percent starting from January 2026

3 min read

Sri Lanka exceeds tax revenue target by 6% in first quarter

State Minister believes the 2024 revenue target is achievable

2 min read

Sri Lanka rupee closes stronger at 300.50/301.00 to US dollar

The rupee closed at 302.00/50 to the US dollar on Friday amid moral suasion

Air Asia, SriLanka's FITS, Hayleys bid for SriLankan Airlines

Six parties bid for SriLankan stake

Sri Lanka stocks up on financials, retail buying

Foreigners bought a net of 44 million worth shares

Anti-Indian leader gets over two-third majority in Maldives parliamentary polls

Muizzu's "India out" camoaign worked successfully, analysts say

India’s ITC to launch over $300 mln worth Sri Lankan property this week

ITC Ratnadipa started construction in 2014 and faced several delays

Sri Lanka president to contest election under independent party symbol: UNP

"If the SLPP contests, their symbol will be there on the ballot paper," he said.

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Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative
Anti-Indian leader gets over two-third majority in Maldives parliamentary polls

Muizzu's "India out" camoaign worked successfully, analysts say

2 min read

India’s ITC to launch over $300 mln worth Sri Lankan property this week

ITC Ratnadipa started construction in 2014 and faced several delays

2 min read

Sri Lanka president to contest election under independent party symbol: UNP

"If the SLPP contests, their symbol will be there on the ballot paper," he said.

2 min read

EY’s 5 Pillars of Successful Digital Transformation

Strategic intent is not enough; successful implementation hinges on these key pillars

Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative
Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka president to contest election under independent party symbol: UNP

"If the SLPP contests, their symbol will be there on the ballot paper," he said.

2 min read

Sri Lanka rupee quoted in spot-next dollar market after pressure

Bond market flat

3 min read

DIMO's Green Commitment: A Journey Beyond Business Horizons

How DIMO's outward-looking synergies foster greener futures for people and the planet.

7 min read

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Sri Lanka Freedom Party has had to import acting chairman: Dayasiri

Speaking at an event, Jayasekara lamented the state of the once-powerful party.

2 min read

Ramayana trail will be game changer for Sri Lanka tourism: Indian envoy

More Indians are interested in visiting Hindu and Buddhist temples in Sri Lanka: Jha

3 min read

US, Sri Lanka navies to conduct CARAT 2024 exercise in Trincomalee

"CARAT Sri Lanka will feature the expertise of the US Fleet Anti-Terrorism Security Team (FAST)."

3 min read

Sri Lanka expects to finish Adani wind power price talks by May

May be by May we hope to conclude the negotiations

Apsara Rodrigo

2 min read

IMF official: Sri Lanka’s road ahead is challenging, critical to keep up with reform momentum

Sri Lanka has implemented a raft of hard reforms under IMF programme

2 min read

Sri Lanka motor racing crash claims 7 lives, 4 critical

Racing car ploughs into spectators

1 min read

Widespread support for Sri Lanka debt workout, reform progress at IMF/WB meet: Minister

The strides made in our economic recovery and financial stability have been acknowledged as significant advancements

3 min read

Sri Lanka choices recalled in Vietnam debate on monetary and fiscal options to target output

So there is an issue of policy mix which we're talking, which we've been engaging the authorities with

5 min read

Sri Lanka's Easter Bombings: A Preventable Tragedy

If it was, preventable, then why was it not?

Arjuna Ranawana

7 min read

SriLankan Air Europe flight times extended, payloads cut amid Israel-Iran attacks

Passenger miss flights due to earlier departures

1 min read

Sri Lanka's Softlogic says restructuring debt, seeking investors for hotels, ODEL

One key strategy is the disposal of identified assets, phasing out certain sectors of the Group, and infusing equity

3 min read

Paris Club reassures continued support to debt restructuring Sri Lanka

Sri Lanka's debt restructuring process has been slower than expected

1 min read

Overcoming Old and New Challenges for an Inclusive Democracy

Such a fund, he says would ensure transparency.

Kshama Ranawana

5 min read

Sri Lanka discussing extra land, water, for Chinese oil refinery

Discussions with China's Sinopec to give extra land, assure water supplies after company decided to expand capacity

Apsara Rodrigo

1 min read

Sri Lanka rupee closes weaker at 302.00/50 to the US dollar

Bond yields were broadly steady

1 min read

Sri Lanka stocks close down, banks trade down

Turnover at 1.4bn. Diversified financials and banks continued to see selling pressure due to uncertainty on bond talks

2 min read

Sri Lanka's Galadari plans $20mn loan from UAE's Masheq Bank

Loan includes the principal facility of AED 73,400,000 and a green loan tranche up to AED 14,680,000

1 min read

Sri Lanka opposition leader questions visa fee hike

"When this decision was made, did the government not do a scientific analysis?" he said.

2 min read

Wickremesinghe will win no more than 2.5 mn votes at presidential poll: SJB

"I predict that, if Mr Wickremesinghe contests, he won't get more than 2.5 million votes."

2 min read

Sri Lanka Catholic church spokesman questioned over info on Easter attack

"I don't know to what extent the statement I made will be useful," he said.

2 min read

Sri Lanka's FitsAir begins Colombo-Dhaka flights

FitsAir will initially operate two weekly flights Wednesday and Sunday on Dhaka-Colombo route with Airbus A320 aircraft

1 min read

Sri Lanka to establish youth centres with bank executives and trade board members

"To nurture budding entrepreneurs through these centres," President

1 min read

Canadian support for women entrepreneurs in Sri Lanka's north

World University Service of Canada and Hatch, Yarl IT, LIIN, DMZ, the Criterion Institute empower women in North

2 min read

Sri Lanka rupee quoted wide to US dollar as peg inconsistencies flare up

Sri Lanka inconsistent peg rears its head

3 min read

Sri Lanka bonds trade flat, stocks down

Bond yields were broadly steady. CSE down

1 min read

Sri Lanka at IMF/WB meeting stress need for concessional loans for Middle Income nations

Sri Lanka lost the access to concessional loans when the economy improved to Middle Income category

2 min read

Hopeful of Sri Lanka ISB restructuring deal despite 'some setbacks': IMF Official

I'm hopeful that there will be some conclusions down the road

3 min read

World Bank’s IFC emphasizes private sector engagement in Sri Lanka’s growth

IFC is the advisor for the restructuring of Sri Lanka's state-owned enterprises

1 min read

Sajith's favourability improves in March, but AKD continues lead: Sri Lanka survey

However, all potential candidates including them had negative ratings for the month.

2 min read

Sri Lankans trapped in Myanmar forced labour cyberscam come home

Eight Sri Lankans trafficked for forced criminal activities in cyber scamming compounds in Myanmar returned to Sri Lanka

1 min read

Transparency International files fundamental rights case over medical supplies procurement

Cabinet, health officials, companies involved in supply of Human-IG, Customs, Police, CIABOC, among 66 respondent

4 min read