An Echelon Media Company
Wednesday June 7th, 2023

Sri Lanka's shares slip on profit taking and selling pressure

“The market was gaining in the previous sessions and there is selling and profit taking present today."

2 min read

Sri Lanka Treasuries yields plunge, 12-month down 318bp

Treasury bill yields fell more than 300 basis points across maturities

1 min read

Sri Lanka forex reserves rise US$722mn in May 2023

Central bank is operating complementary money and exchange policies - sterilizing inflows

2 min read

SriLankan Airlines expects $50 mln profit in FY 2023/24 

SriLankan incurred over 168 billion rupee loss last financial year

2 min read

Sri Lanka opposition MP Harsha de Silva appointed COPF chair

The ruling Sri Lanka Podujana Peramuna (SLPP) had been allegedly blocking de Silva's appointment to the post.

2 min read

Sri Lanka's mid day shares slip

"Investors are seeing some selling pressures through built up confidence as policy rates came down," an analyst said. 

1 min read

Sri Lanka coconut auction prices up 4.5-pct

Sri Lanka’s coconut auction prices gained 4.5 percent from a week ago at an auction on June 01, data showed.

Sri Lanka security sector takes 48-pct of salary bill, health 17-pct: report

Health salary bill was 17 percent and education was 9 percent

Sri Lanka bond yields down at open, rupee at 291.00/292.50 to US dollar

The Spot US dollar closed at 291.50/292.50 rupees rupees on Tuesday.

Sri Lanka President turning from Singer to Regnis: opposition legislator

Then later we saw sewing machines called Regnis, which was the same name in reverse

Sri Lanka invites India's Alliance Air to fly to Ratmalana

Alliance Air which is now flying to Jaffna's KKS airport from Madras four times a week

Sri Lanka bond yields down, rupee end at 291.50/292.50 to US dollar

The Spot US dollar closed at 290.50/291.00 rupees rupees on Monday.

Latest Last
US Dollar 285.6164 283.8763
UK Pound 353.8887 352.3039
Euro 304.1967 302.2424
Aus Dollar 187.2054 183.5776
Yen 2.0304 2.0303
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5460 3.5400
Korea Won 0.2234 0.2216
Oman Rial 759.2190 759.5857
Saudi Riyal 77.9349 77.9716
UAE Dirham 79.5868 79.6253
Source: Central Bank/Indicative
pts %
S&P SL20 2,494.26 0.28%
CSE All Share 8,766.60 0.15%
Turnover Rs million 1,335,527,883 1,335,527,883
Source: CSE
Latest Last
3-m bill 24.37 24.64
6-m bill 24.00 24.24
12-m bill 22.03 22.37
5-yr bond 24.67 24.98
8-yr bond 23.33 23.82
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 turning from Singer to Regnis: opposition legislator

Then later we saw sewing machines called Regnis, which was the same name in reverse

2 min read

Sri Lanka invites India's Alliance Air to fly to Ratmalana

Alliance Air which is now flying to Jaffna's KKS airport from Madras four times a week

1 min read

Sri Lanka bond yields down, rupee end at 291.50/292.50 to US dollar

The Spot US dollar closed at 290.50/291.00 rupees rupees on Monday.

1 min read

Banking on the Human Spirit: Cargills Bank's Approach to Inclusive Growth

Cargills Bank is focusing on inclusive banking to foster entrepreneurship and economic growth

Latest Last
US Dollar 285.6164 283.8763
UK Pound 353.8887 352.3039
Euro 304.1967 302.2424
Aus Dollar 187.2054 183.5776
Yen 2.0304 2.0303
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5460 3.5400
Korea Won 0.2234 0.2216
Oman Rial 759.2190 759.5857
Saudi Riyal 77.9349 77.9716
UAE Dirham 79.5868 79.6253
Source: Central Bank/Indicative
pts %
S&P SL20 2,494.26 0.28%
CSE All Share 8,766.60 0.15%
Turnover Rs million 1,335,527,883 1,335,527,883
Source: CSE
Latest Last
3-m bill 24.37 24.64
6-m bill 24.00 24.24
12-m bill 22.03 22.37
5-yr bond 24.67 24.98
8-yr bond 23.33 23.82
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 285.6164 283.8763
UK Pound 353.8887 352.3039
Euro 304.1967 302.2424
Aus Dollar 187.2054 183.5776
Yen 2.0304 2.0303
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5460 3.5400
Korea Won 0.2234 0.2216
Oman Rial 759.2190 759.5857
Saudi Riyal 77.9349 77.9716
UAE Dirham 79.5868 79.6253
Source: Central Bank/Indicative
pts %
S&P SL20 2,494.26 0.28%
CSE All Share 8,766.60 0.15%
Turnover Rs million 1,335,527,883 1,335,527,883
Source: CSE
Latest Last
3-m bill 24.37 24.64
6-m bill 24.00 24.24
12-m bill 22.03 22.37
5-yr bond 24.67 24.98
8-yr bond 23.33 23.82
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 bond yields down, rupee end at 291.50/292.50 to US dollar

The Spot US dollar closed at 290.50/291.00 rupees rupees on Monday.

1 min read

Sri Lanka's shares end lower on profit taking

The main All Share Price Index was down 0.37 percent or 32.64 points to 8,733.96

2 min read

Sowing the Seeds for an Agricultural Transformation

DIMO Agribusinesses is reshaping agriculture with innovation, inclusion and sustainability

6 min read

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Sri Lanka targets up to 150,000 China tourists in 2023

In talks to increase flights by Chinese airlines

Apsara Rodrigo

2 min read

Sri Lanka shares edge down in mid day trade

The market generated a turnover of 297 million rupees.

1 min read

Sri Lanka aims for 1.2-pct GDP revenue gain from scrapping VAT exemptions

Exemptions on health and education to remain

1 min read

Sri Lanka parliamentary committee appointed on twin maritime disasters

Government MP Ramesh Pathirana will chair the committee.

1 min read

Sri Lanka-India grid connectivity to be realised by 2030: power minister

Sri Lanka’s government has priortised regional energy integration, the minister said.

2 min read

Sri Lanka provincial council amendment bill not inconsistent with constitution

The bill was submitted by TNA legislator M A Sumanthiran as a private member’s bill.

2 min read

Several clauses of Sri Lanka anti-corruption bill inconsistent with constitution: SC

The bill was challenged in terms of Article 121(1) of the constitution.

3 min read

Sri Lanka rupee at 290.50/291.50 to US dollar, bond yields steady

Sri Lanka’s bonds opened steady on Tuesday, dealers said while the Spot US dollar opened at 290.50/291.50 rupees.

1 min read

Sri Lanka's CAA cancels gazette that could legitimize pyramid schemes

Pyramid schemes are disguised by labelling them, multi-level marketing, network marketing or direct selling

1 min read

Sri Lanka's CPC owes almost billion dollars on India, Iran credit lines

Iran oil company owed $251mn, Indian credit line $697mn

2 min read

Sri Lanka, Maldives to discuss, trade, tourism, fisheries

The fourth Joint Commision between Sri Lanka and the Maldives will be held in Colombo on June 6 and 7

1 min read

Sri Lanka getting imported drugs but facing clearing delay

"Currently, we have almost all of our essential drugs and 136 consignments of drugs are currently pending approval."

1 min read

Sri Lanka rupee at 290.50/291.00 to US dollar, bond yields steady

The Spot US dollar closed at 291.75/292.50 rupees on Friday.

1 min read

Sri Lanka drug prices cut 16-pct from June 15: Minister

"This was decided after extensive discussions with the relevant authorities."

1 min read

Sri Lanka's shares edge up for the fourth session on policy cuts and low inflation

The main All Share Price Index (ASPI) was up 0.15 percent or 12.80 points to 8,766.60

3 min read

Sri Lanka cement to fall Rs300-Rs500 per bag after rupee appreciation: Minister

Request to cut prices also made from steel manufacturers

1 min read

Sri Lanka early presidential poll will require constitutional amendment: expert

“However, it is the Supreme Court that will ultimately decide the matter,” he said.

Himal Kotelawala

3 min read

Ranga Abeynayake appointed COO of Sri Lanka's Ceylinco Life

Samitha Hemachandra has been appointed Deputy Chief Operating Officer

2 min read

Proposed Sri Lanka broadcast authority: opposition mulling legal action

“If we allow this bill to be enacted, it will be the death of media freedom,” he said.

Himal Kotelawala

3 min read

Sri Lanka's shares edge up in mid day trade

The market generated a turnover of 274 million rupees during mid day trade.

1 min read

Sri Lanka to tighten anti-money laundering framework

Will help implement the IMF program

1 min read

Sri Lanka bond yields steady at open, rupee at 291.50/292.25 to US dollar

The Spot US dollar closed at 291.75/292.50 rupees on Friday.

1 min read

Sri Lanka private credit negative in April, CPC dollar debt taken over by govt

Credit to state enterprises fell by 516 billion rupees to 1,130 billion rupees in April 2023

1 min read

Sri Lanka picked by ADB as priority country for natural capital linked financing

Funding could come to sover

2 min read

Sri Lanka broadcast authority to arbitrate on economic 'truths': Harsha

It is a deadly blow to democracy

3 min read

Sri Lanka beverage maker recycles 311 tonnes of plastics

Invested 23 million in plastics recycles

2 min read

Sri Lanka's Litro cooking gas price cut by Rs452

The price revision will be done inline with the newly introduced pricing formula based on global prices

1 min read

Sri Lanka recycled plastic exporter say orders falling, outlook 'grim'

The business outlook for the next few months remains grim as we are uncertain when orders will pick-up

2 min read

Sri Lanka to see sufficient fuel by Sunday - Energy Minister

Motorists were seen in queues in both Ceylon Petroleum Corporation (CPC) and Lanka IOC (LIOC).

2 min read

Sri Lanka tourism revenues doubles in May 2023

Despite an off peak month, over 83,000 tourists visit Sri Lanka in May

1 min read

Sri Lanka maid death in police custody, mystery deepens

Lawyer for victim's family question changing narrative

2 min read