An Echelon Media Company
Thursday May 23rd, 2024

Sri Lanka plans to expand Bingiriya export zone to 1,100 acres

More than 600 acres would be acquired

1 min read

Sri Lanka has power breakdowns amidst extreme weather

36,900 breakdowns resulting in power interruptions to more than 300,000 consumers in the last three days due to weather

1 min read

Sri Lanka President calls for unity, sacrificing for a better tomorrow on Vesak day

We must remember the advice of Lord Buddha, “Sabbattha Sammanaso,” to treat everyone equally

2 min read

Sri Lanka to host foreign artistes, Sigiriya fashion show to promote tourism

We will be hosting a few international artists in July to August

1 min read

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Sri Lanka opposition drops bombshell on Mannar wind power tender

Sustainable Energy Authority blocked low price financial bids from being opened?

2 min read

Ravi Jayasekera to continue as acting chief executive officer for Hemas

"The Board of Directors continues the search for a successor for the position of CEO"

2 min read

Sri Lanka to offer military tactics education to armed forces, retirees, civilians: President

"By 2030, we must be prepared to address emerging national security challenges."

Govts, oppositions, religions, media have failed Sri Lanka's war victims: Amnesty chief

“The elections slated in the coming months will also have a major impact on the future of Sri Lanka."

75 pct of 436 adults surveyed say Sri Lanka headed in wrong direction

Three percent said it was on the right track.

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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
Sri Lanka coconut auction prices soar 10-pct

Coconut prices have risen 12.9 percent over the past three weeks

1 min read

Sri Lanka rupee closes weaker at 300.10/30 to US dollar

Bond yields were broadly steady.

1 min read

Sri Lanka stocks close up, interest in banks and bluechips return

Turnover was 1.4 billion.

2 min read

LankaPay Spearheads the Corporate Digital Evolution

Fortifying the national digital payment ecosystem for individuals, government and businesses

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 stocks close up, interest in banks and bluechips return

Turnover was 1.4 billion.

2 min read

Sri Lanka agriculture minister asks for potato import tax as people skip meals

"The prices are up because or production costs are high. That's why we can't compete with imports."

Apsara Rodrigo

2 min read

CSE's 2024 Vision for Inclusive Capital Markets

Rajeeva Bandaranaike on driving new listings, governance and financial literacy

5 min read

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Sri Lanka to resume Suraksha student insurance

Coverage across all types of schools, for students from low-income families earning less than 180,000 rupees annually

1 min read

Sri Lanka opposition leader asks for jobs for unemployed graduates, more salaries

There was no information on how much more tax payer funds are needed to pay for additional state workers.

1 min read

Sri Lanka parliament observes one minute silence for late Iran President Raisi

A helicopter carrying President Raisi crashed into a hillside as he was returning from opening a dam

1 min read

Sri Lanka rupee opens broadly stable at 299.70/80 to US dollar

Bond yields were down.

1 min read

Sri Lanka financial literacy to combat fraud, cut indebtedness: CB Governor

Financially literate persons will make better savings and investment decisions

1 min read

Sri Lanka's Cinnamon Life begins marketing, accepts bookings

Cinnamon Life hotel commenced accepting bookings for stays and banqueting functions

2 min read

Sri Lanka's JKH net up 123-pct in Dec quarter amid lower inflation

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2 min read

UN Report urges global justice, sanctions for Sri Lanka's disappeared victims

Sri Lanka Foreign Ministry says the OHCHR report is unwarranted, preposterous

Shihar Aneez

7 min read

Sri Lanka goods exports down 4.1-pct in April, services up 19-pct

Sri Lanka's merchandise exports fell 4.1 percent from a year ago to 813.81 million dollars in April 2024,

1 min read

Sri Lanka chamber calls on political parties to support SOE reforms

Ceylon Chamber of Commerce has all political parties to support the continuity of SOE reform

2 min read

Sri Lanka rupee closes slightly stronger at 299.80/95 to US dollar

Bond yields were down.

1 min read

VFS Global hires GB Srithar as head of Tourism Services

“His expertise positions him to lead our efforts with our client governments to promote travel, trade, and tourism"

1 min read

Sri Lanka Treasuries yields down, 3-months 8.76-pct

Treasuries yields down across maturities

1 min read

Sri Lanka stocks close down, John Keells sees interest

Turnover was 1.3 billion. Capital goods brought in most of this.

1 min read

Sri Lanka's progressive NPP claims credit for mobilising support for war

Lal Kantha was addressing a group of military veterans at an event in Ratnapura.

Himal Kotelawala

2 min read

Sri Lanka's Bank of Ceylon to divest subsidiary BOC Travels

BoC to divest 100 percent of its shareholding in its subsidiary B O C Travels (Private) Limited

1 min read

Sri Lanka Army discharges over 15,000 absentees from services after amnesty

Sri Lanka has planned to reduce army cadres by more than 50% in six years through 2030

2 min read

Sri Lanka women borrowers trapped by ill-understood loan agreements: UN official

Women, often, were forced into signing agreements in a language they did not understand.

2 min read

Sri Lanka rupee opens broadly stable at 299.65/85 to US dollar

Bond yields were up.

1 min read

How Sri Lanka's elections are decided by macro-economists and the IMF: Bellwether

Stabilization provide fertile grounds to elect the fringe

Bellwether

20 min read

Sri Lanka expects talks with bondholders 'very soon': Minister

Confident and optimistic that a second round of talks will commence very soon

2 min read

Sri Lanka declares May 21 as National Mourning day over Iranian President’s death

adverse weather condition has been cited as possible reason for Raisi's helicopter crash

2 min read

Sri Lanka helps launch Global Blended Finance Alliance

Global Blended Finance Alliance will mobilise both public and private capital to help nations achieve carbon neutrality

1 min read

Sri Lanka rupee closes slightly stronger at 299.60/75 to US dollar

Bond yields were up.

1 min read

Sri Lanka stocks close down, bluechips hold value

"This is mainly because the earnings that are being posted are very good."

2 min read

Michelin delegation reviews Sri Lanka rubber de-forestation compliance

EU's Regulation on Deforestation Free Products (EUDR) seeks to guarantee products do not contribute to deforestation

2 min read

World Bank help to restructure US$800mn debt in Sri Lanka water sector

Access to credit enhancement schemes that will make new water projects transparent and affordable

2 min read

Sri Lanka President proposes global levy to help fund climate change

10% levy on annual profits of global tax evasion assets, estimated at USD1.4tn, deposited in tax havens be charged

2 min read

World Bank to conduct energy transition discussion in Sri Lanka

Roundtable on Advancing Energy Transition to focus on attracting investments in renewable energy sector

2 min read

Sri Lanka rupee opens slightly stronger at 299.40/70 to US dollar

Bond yields were marginally down.

1 min read

Sri Lanka public finance law to limit primary spending at 13-pct GDP: Treasury Secy

A Fiscal Management Responsibility Act, which has been repeatedly breached in the past will be repealed

3 min read