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Tuesday August 16th, 2022

Sri Lanka sovereign rating at SD but ISBs downgraded to 'D' by S&P

Interest on several International Sovereign Bonds have been missed.

4 min read

Sri Lanka rupee guidance peg edges up; market sees dull trade in govt securities 

The central bank monetary policy scheduled for August 18.

1 min read

Sri Lanka stocks rally continues for 12th straight session on political stability hopes 

The index has risen 19.6% in the last 12 sessions

3 min read

Sri Lanka’s Laugfs Gas makes a loss of 94-pct in June 2022 quarter

The loss per share for the quarter was 4.53 rupees.

1 min read

Sri Lanka protestor who stormed state-run TV station out on bail

Ali was released on a cash bail of 25,000 rupees and two personal bails of 500,000 rupees each.

1 min read

Sri Lanka schedules 3-hour power cuts from Aug 16 to 19

Currently only Unit 3 of the Norochcholai power plant is in operation.

1 min read

Sri Lanka Freedom Party yet to decide on joining all-party govt

"We will support the government through committees like the SJB, but there is no decision on taking positions yet.”

Chanka Jayasinghe
Chanka Jayasinghe
WHO seeking public assistance in renaming monkeypox to combat stigma

WHO is holding “open consultation for a new disease name for monkeypox. Anyone wishing to propose new names can do so....

Neshella Perera
Chanka Jayasinghe
Sri Lanka private bus owners expect to operate at 90 pct as schools reopen

"We plan to commence bus services 100 percent islandwide. If not 100 percent, at least 90 percent should be doable."

Chanka Jayasinghe

Sri Lanka coal power plant breakdown won't affect Aug 15 power cut

The breakdown has occurred in Unit 1 of the plant.

Dulya de Silva

Sri Lanka shares gain over 1-pct in mid-day trade

Market sees profit-taking after gaining for 11 straight sessions

Cannot support Sri Lanka's IMF-bound "caretaker" president: MP Vasudeva N

"We cannot support Wickremesinghe who operates within the IMF framework."

Latest Last
US Dollar 368.6066 368.5670
UK Pound 448.2898 450.8744
Euro 379.5297 381.8782
Aus Dollar 264.0291 263.9965
Yen 2.7780 2.7764
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.5311 4.5327
Korea Won 0.2763 0.2766
Oman Rial 937.4424 937.2606
Saudi Riyal 96.1159 96.0666
UAE Dirham 98.2603 98.2413
Source: Central Bank/Indicative
pts %
S&P SL20 3,097.30 0.82%
CSE All Share 9,191.52 1.82%
Turnover Rs million 5,829,973,145 6,339,984,932
Source: CSE
Latest Last
3-m bill 26.11 26.24
6-m bill 27.06 26.52
12-m bill 27.87 27.36
5-yr bond 24.19 23.86
8-yr bond 24.68 24.21
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative
Sri Lanka coal power plant breakdown won't affect Aug 15 power cut

The breakdown has occurred in Unit 1 of the plant.

Dulya de Silva

1 min read

Sri Lanka shares gain over 1-pct in mid-day trade

Market sees profit-taking after gaining for 11 straight sessions

1 min read

Cannot support Sri Lanka's IMF-bound "caretaker" president: MP Vasudeva N

"We cannot support Wickremesinghe who operates within the IMF framework."

2 min read

The management team at Litro Gas resolve the LPG crisis, secures future supplies

The new Chairman Muditha Peiris and his team have restored supplies and even reduced prices

Latest Last
US Dollar 368.6066 368.5670
UK Pound 448.2898 450.8744
Euro 379.5297 381.8782
Aus Dollar 264.0291 263.9965
Yen 2.7780 2.7764
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.5311 4.5327
Korea Won 0.2763 0.2766
Oman Rial 937.4424 937.2606
Saudi Riyal 96.1159 96.0666
UAE Dirham 98.2603 98.2413
Source: Central Bank/Indicative
pts %
S&P SL20 3,097.30 0.82%
CSE All Share 9,191.52 1.82%
Turnover Rs million 5,829,973,145 6,339,984,932
Source: CSE
Latest Last
3-m bill 26.11 26.24
6-m bill 27.06 26.52
12-m bill 27.87 27.36
5-yr bond 24.19 23.86
8-yr bond 24.68 24.21
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Cannot support Sri Lanka's IMF-bound "caretaker" president: MP Vasudeva N

"We cannot support Wickremesinghe who operates within the IMF framework."

2 min read

Sri Lanka's bond yields steady; rupee guidance peg appreciates by 7 cents

Market overall dull

1 min read

Entrusted: Leading in an era of uncertainty and disruption

JKH VP and Group CIO Ramesh Shanmuganathan on organisational stewardship during uncertainty

14 min read

0

Breakdown in Sri Lanka's Norochcholai power plant sees three-hour power cuts

Norochcholai has been in a constant state of breakdown or maintenance over the years.

Dulya de Silva

2 min read

Salman Rushdie recovering well after an assassination attempt: reports

Rushdie, 75, shot to fame with his book “Midnight’s Children,” the film version of which was shot in Sri Lanka.

Dulya de Silva

2 min read

Sri Lanka police nabs man for making death-threat video using 5-year old son

The mother is employed abroad as a housemaid

Neshella Perera

1 min read

Tea

Sri Lanka tea sold at historic high prices in July 2022

July prices surpassed the previous record in April 2022 of 1,333.61 (USD 4.14).

2 min read

Sri Lanka's fuel QR system upgraded; multiple company vehicles under single-BRN

One BRN and a mobile number is enough to register commercial vehicles to the QR system

1 min read

Sri Lanka's bakers want price controls on poultry farmers in shortage solution

Egg price is rs.65 and flour per kg is rs.310.

Neshella Perera

3 min read

Sri Lanka should focus on locally sourcing animal products: poultry association

"What we ask from the government is to facilitate us through private or state banks to import these as needed," he said.

Chanka Jayasinghe

3 min read

Sri Lanka schedules 1 hour 20 minutes of power cuts for Aug 15, 16

Sri Lanka hiked its electricity tariffs for the first time in 9 years last week.

Dulya de Silva

1 min read

Sri Lanka lifts ban on six Tamil diaspora groups, 316 individuals: report

The de-listing was announced through an amendment to the List of Designated Persons.

1 min read

Sri Lanka and UNDP in talks to help those made vulnerable by soft-peg

Sri Lanka has expressed its willingness to work with UNDP and continue its cooperation.

1 min read

Explainer: Sri Lanka's electricity tariff hike and how it works

Electricity prices were last hiked in 2013 however were slashed almost by 25% in 2014

Dulya de Silva

6 min read

Move to pay 117 mn in compensation to "victimised" Sri Lanka officials: report

A total of 27 officials are due to receive monetary compensation, according to the Sunday Times report.

1 min read

Sri Lanka jet fuel shortages costing SriLankan Airlines US$7mmn a month

To carry the extra fuel, we can't carry all the freight we like to into the country

Mahadiya Hamza

2 min read

Sri Lanka coconut auction prices continue to climb

Buyers offered 1,019,395 nuts at the auction and sold 576,906 nuts. 

Chanka Jayasinghe

1 min read

Sri Lanka looking to provide relief to bona fide protestors: justice minister

"We want to give them relief; [not] take any legal action against them,” he said.

Dulya de Silva

3 min read

1

Sri Lanka chicken, egg prices soar due to demand spike, animal feed shortage

"Around 40 percent of the supply comes from the SME sector while around 60 percent comes from large scale suppliers."

Chanka Jayasinghe

3 min read

Sri Lanka imprisoned ex MP's presidential pardon likely after court vacation: lawyer

The affidavit was drafted by a team comprising Vidanapathirana, and Presidents Counsel Faizer Mustapha and Ronald Perera

2 min read

India gifts Dornier 228 maritime patrol aircraft to Sri Lanka Air Force

Naval Dornier (INDO–228) is a Short Takeoff and Landing multirole light transport aircraft with a turboprop twin-engin...

Chanka Jayasinghe

2 min read

Sri Lanka permits entry to controversial Chinese tracking vessel Yuang Wang 5

When EconomyNext contacted Foreign Minister Ali Sabry Friday evening, the minister refused to comment.

2 min read