An Echelon Media Company
Tuesday January 25th, 2022

Omicron replaces Delta as dominant COVID-19 variant in Sri Lanka

Hospitalisations have also increased, along with the number of patients needing oxygen.

3 min read

Sri Lanka declines USD 3.6 billion Oman fuel credit over conditions: spokesman

Sri Lanka won't go ahead with US$3.6 billion fuel credit line with Oman

2 min read

Sri Lanka BOP deficit surges to US$3.6bn in November 2021

The deficit is the highest recorded so far

1 min read

Sri Lanka investment imports up 40-pct, trade deficit falls in November amid forex trouble

Trade deficit down for the third month

2 min read

Sri Lanka's CEB may import fuel directly with Indian credit amid forex crisis

Until now liquid fuel imports were done by the petroleum ministry

1
Sri Lanka to compensate paddy farmers hit by organic fertilizer

"Over 40,000 million rupees for the paddy farmers whose cultivation was hit by organic fertilisers,”

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Sri Lanka investment imports up 40-pct, trade deficit falls in November amid forex trouble

Trade deficit down for the third month

Sri Lanka's LOLC wins Rajagiriya land, high rise project

The contract is given on a design, build, finance and transfer basis

COVID-19 hospitalisations rise in Sri Lanka as booster vials gather dust

"If the public refuses to take the booster dose now, it will expire by July 2022."

Chanka Jayasinghe

Sri Lanka JKH refinances US$325 million loan due in July 2022

JKH has refinanced USD 325 million of a USD 395 million syndicated loan

Latest Last
US Dollar 202.0323 202.0000
UK Pound 272.2486 273.9625
Euro 228.5692 228.9165
Aus Dollar 144.4430 145.1572
Yen 1.7757 1.7742
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7066 2.7147
Korea Won 0.1687 0.1692
Oman Rial 524.7524 524.6685
Saudi Riyal 53.8595 53.8509
UAE Dirham 55.0040 54.9952
Source: Central Bank/Indicative
pts %
S&P SL20 4,627.03 0.48%
CSE All Share 13,384.11 0.09%
Turnover Rs million. 2,191,558,044.10 18,423,459,791
Source: CSE
Latest Last
3-m bill 8.18 7.91
6-m bill 8.36 8.18
12-m bill 8.51 8.37
5-yr bond 11.26 10.93
8-yr bond 11.81 10.93
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.93 5.99
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative
Sri Lanka's LOLC wins Rajagiriya land, high rise project

The contract is given on a design, build, finance and transfer basis

1 min read

COVID-19 hospitalisations rise in Sri Lanka as booster vials gather dust

"If the public refuses to take the booster dose now, it will expire by July 2022."

Chanka Jayasinghe

3 min read

Sri Lanka JKH refinances US$325 million loan due in July 2022

JKH has refinanced USD 325 million of a USD 395 million syndicated loan

1 min read

Sri Lanka issues rules on dollarized payments to tourist hotels

Dollars have to be deposited or converted within three days

2 min read

1
Sri Lanka stocks edge up; Keells foreign deals boost turnover to 1-yr high 

Monday’s turnover was 18.4 billion rupees, the highest since February 1, 2021

2 min read

Sri Lanka bond yields steady

.

1 min read

NDBIB sets a record Rs75B in capital raisings in 2021

Rs50B came from capital markets, Rs22B from equity transactions, and Rs3B from M&As

Latest Last
US Dollar 202.0323 202.0000
UK Pound 272.2486 273.9625
Euro 228.5692 228.9165
Aus Dollar 144.4430 145.1572
Yen 1.7757 1.7742
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7066 2.7147
Korea Won 0.1687 0.1692
Oman Rial 524.7524 524.6685
Saudi Riyal 53.8595 53.8509
UAE Dirham 55.0040 54.9952
Source: Central Bank/Indicative
pts %
S&P SL20 4,627.03 0.48%
CSE All Share 13,384.11 0.09%
Turnover Rs million. 2,191,558,044.10 18,423,459,791
Source: CSE
Latest Last
3-m bill 8.18 7.91
6-m bill 8.36 8.18
12-m bill 8.51 8.37
5-yr bond 11.26 10.93
8-yr bond 11.81 10.93
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.93 5.99
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka bond yields steady

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1 min read

Maldives stopped Chinese projects as promised, says speaker

Not unlike its South Asian neighbour, the Maldives is caught in a geopolitical cold war between India and China.

Shihar Aneez

5 min read

Dumith Fernando outlines the outlook for equities and the CSE in 2022

The CSE Chairman shares insights about a record 2021 and what investors can expect in 2022

6 min read

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Sri Lanka says HRW report paints negative, exaggerated picture of rights situation

"We highlight the importance of responsible, balanced and impartial reporting."

3 min read

Scheduled power cuts in Sri Lanka from Monday amid fuel shortages

"From Tuesday (25), from 1.30pm to 9.30pm, there will be a two-hour power cut due to lack of furnace oil," he said.

Chanka Jayasinghe

3 min read

1

Prioritising EVs when resuming vehicle imports: Sri Lanka minister submits cabinet paper

"The president has reiterated his commitment to focusing on EV imports."

2 min read

Sri Lanka's power crisis detriment to online education: opposition leader

This government is unable to facilitate distance learning. It is only able to keep people in the dark,” said Premadasa...

2 min read

As economy crashes, democracy may be next, warns Sri Lanka's JVP

“As the country becomes bankrupt and they run out of solutions for the economic woes, they will then touch democracy."

2 min read

1

Sri Lanka’s 2021 IPOs up 46 pct; Chrissworld outperforms

The CSE saw 1.16 billion new shares listed through IPOs in 2021

2 min read

Sri Lanka minister sees no point in demonizing IMF amid attempts to fix external crisis

I propose that we do not paint it as some big demon

6 min read

1

Sri Lanka’s IOC unit reports Rs890 mn in Dec 2021 profits

LIOC entered into a JV deal to develop 61 oil tanks in Trincomalee China Bay Oil Tank Farm

2 min read

Sri Lanka detects 75 more Omicron patients, health expert says

Health experts had speculated Omicron to become the dominant variant due to its high transmissible nature

Chanka Jayasinghe

2 min read

Sri Lanka Port City says charges for visual shoot, not personal selfie or video 

Port City imposes charges for photography and video, but personal selfies and videos are not charged

2 min read

Sri Lanka 2021 tea output up 9.3-pct despite fertilizer crisis - minister

Despite fertilizer shortage, Sri Lanka tea production up 9.3% to 305 million kg last year - minister

2 min read

Sri Lanka national inflation hits 14-pct in December 2021 after money printing

Sri Lanka's nation-wide inflation hits record 14-pct in December; Food prices soar

2 min read

Sri Lanka tourists hotels asked to take payments only in foreign exchange

Sri Lanka central bank has mandated registered hotels to charge only in foreign currencies

2 min read

4

Sri Lanka sets up 108 centers for Covid-hit children to face Scholarship exam

Department of Examination facilitates Scholarship exams for Covid-positive students

Chanka Jayasinghe

2 min read

Sri Lanka bond yields close flat

Bond yield rose less than 50 basis point rate hike.

1 min read

Sri Lanka zoo workers end protest; promise to continue unauthorised fertilizer business legally

"The fertilizer business was done using the waste of animals and other waste materials," he said.

Chanka Jayasinghe

2 min read

COVID-19 on the rise again in Sri Lanka; 800+ new cases a second day running

Around 15,279 patients are currently receiving treatment in hospital or at home.

Chanka Jayasinghe

2 min read

Sri Lanka bond yields steady Friday after rise on rate hike

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2 min read

Sri Lanka restructuring debt without foreign, IMF experts: CB chief

If you have new inflows, you can change that. That is what meant by restructuring

4 min read