An Echelon Media Company
Wednesday December 7th, 2022

Crisis-hit Sri Lanka sees recovery in cruise ship tourism from zero

Cruise ships had sopped calling Sri Lanka ports after pandemic

2 min read

Sri Lanka President says 2015-2019 policy struggle was 'warfare'

But it was warfare Politicians wanted to protect their power, businessmen wanted to protect their profits

3 min read

China calls for joint effort to ease Sri Lanka's debt burden, no mention of restructure

The spokesperson avoided any mention of debt restructuring, a prerequisite for the IMF extended fund facility (EFF).

3 min read

Crisis-hit Sri Lanka's lower reserves threaten imports - Cabinet Spokesman

Sri Lanka struggles to raise dollars to boost foreign reserves

2 min read

Sri Lanka stocks record highest close in over five weeks

ASPI closed 0.43 percent or 37.59 points higher at 8,881.34.

2 min read

Sri Lanka Police lose seven horses in seven months amid feed shortage

The deaths occurred in February, April, October and November

2 min read

Sri Lanka imports down 21-pct in October

Investments goods imports plunged 42 percent to 188.2 million US dollars in October as private credit contracted

Sri Lanka bills yields slightly down, bonds steady

Central Bank’s guidance peg for interbank transactions was at 363.18 rupees against the US dollar unchanged.

Sri Lanka export revenue falls in October as global recession bites

Sri Lanka has been focusing on boosting exports to come out of economic crisis

Sri Lanka one-year T-bond yield falls, raises less than required debt

The debt office offered 85 billion rupees of bills and sold only 75.5 billion.

Sri Lanka to fast track FTAs with Thailand, China and India

Export-oriented, competitive market economy for Sri Lanka as the country has the opportunity to supply to South Asia

Sri Lanka plans deal with Maldives to tighten border controls

The plan also involves facilities for capacity in technology and human resources.

Latest Last
US Dollar 371.7757 371.7599
UK Pound 442.7119 438.8584
Euro 387.1945 385.3880
Aus Dollar 253.0234 251.0798
Yen 2.6686 2.6603
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4818 4.4863
Korea Won 0.2748 0.2747
Oman Rial 944.1068 944.1068
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.9627 98.9627
Source: Central Bank/Indicative
pts %
S&P SL20 2,464.20 -3.19%
CSE All Share 8,087.04 -2.47%
Turnover Rs million 1,626,658,918 1,576,314,848
Source: CSE
Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
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 one-year T-bond yield falls, raises less than required debt

The debt office offered 85 billion rupees of bills and sold only 75.5 billion.

1 min read

Sri Lanka to fast track FTAs with Thailand, China and India

Export-oriented, competitive market economy for Sri Lanka as the country has the opportunity to supply to South Asia

2 min read

Sri Lanka plans deal with Maldives to tighten border controls

The plan also involves facilities for capacity in technology and human resources.

1 min read

Strong Medicine: Collective responsibility needed for economic reforms to work

EY Sri Lanka's Duminda Hulangamuwa and Sulaiman Nishtar on what it will take to fix the economy

Latest Last
US Dollar 371.7757 371.7599
UK Pound 442.7119 438.8584
Euro 387.1945 385.3880
Aus Dollar 253.0234 251.0798
Yen 2.6686 2.6603
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4818 4.4863
Korea Won 0.2748 0.2747
Oman Rial 944.1068 944.1068
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.9627 98.9627
Source: Central Bank/Indicative
pts %
S&P SL20 2,464.20 -3.19%
CSE All Share 8,087.04 -2.47%
Turnover Rs million 1,626,658,918 1,576,314,848
Source: CSE
Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
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 plans deal with Maldives to tighten border controls

The plan also involves facilities for capacity in technology and human resources.

1 min read

Sri Lanka's shares gain in mid market trade

"Some of the index heavy counters are dominating today," analysts said. 

1 min read

From banks to family businesses and SMEs, KPMG is guiding enterprises through the storm

The audit firm is assisting businesses to build resilience and stability from within

1 min read

0

Sri Lanka could face 6-8-hour power cuts in 2023 if tariffs aren't revised: minister

"Most CEB unions and senior management agree that a revision is needed," he said.

3 min read

Sri Lanka Navy formally tasked with hydrographical surveys

A National Maritime Office consist with all relevant institutions will be establish as well.

2 min read

Sri Lanka cleared to borrow cheaper IDA funds by World Bank

Loss of market access qualifies Sri Lanka for cheaper funds

1 min read

Sri Lanka passport applications online as demand soars

Passport applicants may apply from the comfort of their home.

Neshella Perera

1 min read

Sri Lanka poverty has doubled to 25-pct in latest crisis: World Bank VP

Poverty has doubled this year from 13 percent 2021 we estimate it is about 25 percent

4 min read

Sri Lanka offers East Container Terminal to Japan: President

Sri Lanka cancelled the ECT deal with India and China unilaterally in February 2021

1 min read

Sri Lanka's state-run CPC revises down Auto diesel price

Prices of all other fuel were kept unchanged

1 min read

Sri Lanka shares gain after Paris Club proposal

"The market was pushed up over the news of a potential 10 year debt moratorium," analysts said.

2 min read

Sri Lanka bond yields up over speculation on IMF deal delay

Sri Lanka officials have said that the IMF deal could take as long as March

1 min read

Sri Lanka's state-owned Litro raises gas prices by over 5.5-pct

Sri Lanka's cooking gas distribution is gradually recovering after shortage in mid 2022.

1 min read

Sri Lanka president invites lawyers to assist in resolving ethnic issue by Feb 2023

He was addressing a felicitation ceremony held last Saturday December 02 to mark his completion of 50 years at the Bar.

2 min read

Sri Lanka president seeks Indian help to emulate white revolution 

Sri Lanka still imports significant amount of milk powder

2 min read

US grants fertilizer to currency crisis hit Sri Lanka

I know that fertilizer alone will not meet all of Sri Lanka’s needs

2 min read

Bipin Chandra Pal: ‘Socialism’ in India’s past and future

Struggling to Define a Hindu Social Economy

Mark Hager

29 min read

Uninterrupted power in 2023 will cost Sri Lanka's CEB Rs 56.90 cents per unit: minister

Wijesekara did not provide a breakdown of this unit cost.

2 min read

Time right for elections, Sri Lanka Podujana Peramuna ready to face any poll: Basil

"There may be some [dissenters], but we are with the people," said Rajapaksa.

4 min read

Sri Lanka proposed power tariff not to recover past losses: Minister

The proposal that was presented was for an automatic cost reflective tariff mechanism

2 min read

Sri Lanka's shares gain in mid market trade

"The market was pushed up over the news of a potential 10 year debt moratorium," analysts said. 

1 min read

Sri Lanka bond yields slightly down

Central Bank’s guidance peg for interbank transactions weakened by one cent

1 min read

Sri Lanka should prioritize RCEP, not small FTAs: economist

We do not have the bandwidth in government to do multiple trade agreements

2 min read

Sri Lanka private credit negative, govt credit up in Oct

Private credit contracted 224.4 billion rupees in the five months to October

2 min read

Sri Lanka plans Ceylon tea promotions in Europe, US

Promotions planned in 20 countries

2 min read

Paris Club proposes 10-year moratorium in 15-year Sri Lanka debt re-structure: report

Paris Club clearly hinting that global south should also take the same cut as global north

2 min read

Sri Lanka's Ceylon tea prices up amid low volumes

Tea prices picked up at the last auction in November amid low volumes

3 min read

Sri Lanka Ports Authority East Terminal contractor paid: Minister

Every penny we collect as dollars we are keeping them separately

2 min read

Sri Lanka coconut auction prices up 3.7-pct

Average prices up 5.6-pct over three weeks

1 min read

SriLankan Airlines break-up or not decision soon: Minister

Committee looking into the matter

2 min read

3

Sri Lanka can't blacklist doctors going abroad as minister claims - Health DG 

Health Minister this week threatened doctors who go abroad without informing ministry to be blcklisted

Mahadiya Hamza

2 min read

1