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Sunday July 25th, 2021

Vietnam to impose night curfew in Ho Chi Minh City as Coronavirus surges

The situation was extremely dangerous and it was imperative to use stronger measures, city boss says

1 min read

R Rajamahendran, head of Sri Lanka's Maharaja group passes away

Sashi Rajamahendran, his son to lead the group

1 min read

Sampath Bank merchants to get payments from Diners Club, Discover and Amex via Paycorp

Six payment networks integrated

1 min read

Sri Lanka, tea, palm oil farms to be hit by fertilizer ban: Fitch

Tea production could sharply fall if fertilizer supplies reduce

2 min read

Sri Lanka national inflation at 6.1-pct in June 2021, prices jump 1.5-pct

Powell bubble is also firing up global commodity prices

US retracts Vietnam 'currency manipulation' claim, repeats lie on 'one sided' interventions

Vietnam intervened heavily in forex markets when Yellen tightened policy in 2014/15 and 2018

Sri Lanka, tea, palm oil farms to be hit by fertilizer ban: Fitch

Tea production could sharply fall if fertilizer supplies reduce

Sri Lanka firms with global links learn to compete better and raise standards

Customers, partners and competition

Vietnam promises US it will not devalue, dreaded Sri Lanka style 'monetary modernization' looms

Governor Thi Hong insists monetary policy of strong Dong is for stability not for Mercantilism

Sri Lanka’s Ceylon tea prices weak, output fall expected

Crop intake may be falling in some areas

Latest Last
US Dollar 199.9000 199.9019
UK Pound 273.9929 273.5957
Euro 235.8120 235.9142
Aus Dollar 147.0165 146.9979
Yen 1.8150 1.8253
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6842 2.6681
Korea Won 0.1736 0.1740
Oman Rial 519.2343 519.2392
Saudi Riyal 53.2910 53.2972
UAE Dirham 54.4220 54.4232
Source: Central Bank/Indicative
pts %
S&P SL20 3,095.09 0.43%
CSE All Share 8,068.33 0.57%
Turnover Rs million. 4,885,333,805.80 3,078,656,097.55
Source: CSE
Latest Last
3-m bill 5.13 5.11
6-m bill 5.16 5.15
12-m bill 5.21 5.20
5-yr bond 7.34 7.33
8-yr bond 7.88 7.86
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.00 5.00
Gilt Repo 5.00 5.00
I-m SLIBOR - -
Source: Central Bank/Indicative
Sri Lanka firms with global links learn to compete better and raise standards

Customers, partners and competition

4 min read

Vietnam promises US it will not devalue, dreaded Sri Lanka style 'monetary modernization' looms

Governor Thi Hong insists monetary policy of strong Dong is for stability not for Mercantilism

6 min read

Sri Lanka’s Ceylon tea prices weak, output fall expected

Crop intake may be falling in some areas

3 min read

Sri Lanka vaccinates 30-pct of population with first dose, most with Sinopharm

Over the past week 1.4mn doses administered

2 min read

Death of former Sri Lanka MP’s 16-y-o domestic aide: Police arrest MP's wife, in-laws

A 64-year-old suspect who had brought the girl to work at the former minister’s residence was also arrested.

Imesh Ranasinghe

2 min read

Some Sri Lanka firms could be hit on import controls as reserves fall: Fitch

Import substitution firms to benefit, essential goods may be neutral

3 min read

MiHCM: Reimagining Employee Experiences for a New Age

The future of work and MiHCM's new solutions like the AI personal assistant that you can chat to

Latest Last
US Dollar 199.9000 199.9019
UK Pound 273.9929 273.5957
Euro 235.8120 235.9142
Aus Dollar 147.0165 146.9979
Yen 1.8150 1.8253
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6842 2.6681
Korea Won 0.1736 0.1740
Oman Rial 519.2343 519.2392
Saudi Riyal 53.2910 53.2972
UAE Dirham 54.4220 54.4232
Source: Central Bank/Indicative
pts %
S&P SL20 3,095.09 0.43%
CSE All Share 8,068.33 0.57%
Turnover Rs million. 4,885,333,805.80 3,078,656,097.55
Source: CSE
Latest Last
3-m bill 5.13 5.11
6-m bill 5.16 5.15
12-m bill 5.21 5.20
5-yr bond 7.34 7.33
8-yr bond 7.88 7.86
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.00 5.00
Gilt Repo 5.00 5.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Some Sri Lanka firms could be hit on import controls as reserves fall: Fitch

Import substitution firms to benefit, essential goods may be neutral

3 min read

Sri Lanka liquidity down amid reserve outflows, overnight rates edge up

Overnight rates highest since July 2020 rate cut but below ceiling rate

2 min read

Aelian Gunawardene on JAT Holdings’ people-centric growth strategy

From surviving Covid-19 to expanding abroad and going public, people are central to JAT’s success

8 min read

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Doctors and health officials disagree on imminent fourth wave of COVID-19 in Sri Lanka

“There is potential for a fourth wave. We won’t deny that,” he said.

Chanka Jayasinghe

5 min read

Sri Lanka rupee remains inactive in forex market

Bond yields edged up

1 min read

Russell Juriansz takes over as chairman of Sri Lanka Shippers' Council

The council held its 51st AGM on the 14th of July

2 min read

Sri Lanka stocks end 0.85-pct higher

LOLC Development Finance, LOLC Holdings, and Expolanka pushed ASPI up

3 min read

Duminda release: Sri Lanka Prez should've pardoned all four convicts, says Hirunika

"They too should’ve been pardoned in the interest of fairness,” she said.

Imesh Ranasinghe

3 min read

Sri Lanka Freedom Party apologises to teachers on strike for 11 days running

“Teachers are one of our pancha maha balavegaya. The SLFP has a right to stand up for their rights.”

2 min read

Laugfs Gas halts Sri Lanka LPG import over price controls

Requests for price increases not granted

1 min read

Death of former Sri Lanka MP’s 16-y-o domestic aide: Police record statement from other employees

The victim's mother, R Ranjani, rejected speculation of possible suicide by the girl.

Imesh Ranasinghe

2 min read

No sign of AstraZeneca second dose yet as Sri Lanka continues to receive more Sinopoharm

Sri Lanka has so far acquired 9.1 million doses of Sinopharm in total.

Chanka Jayasinghe

2 min read

United States gives Sri Lanka 500,000 coronavirus rapid tests

Rapid tests detect antigens and gives a results fast

1 min read

Sri Lanka Development Bond auction of US$110mn announced

Tranche maturing on July 30

1 min read

Sri Lanka BOP deficit tops billion dollars in May, trade gap soars amid money printing

Trade gap up to May 2021 soars to 3.6bn, higher than the 3.2bn in 2019 with no import controls

2 min read

Sri Lanka plans to export sugar for Rs2,500 a kg after fertilizer ban: Minister

Sugar SOEs expect to produce 20-pct of organic fertilizer needs

Imesh Ranasinghe

3 min read

No-faith motion against Sri Lanka energy minister: The aftermath

“So who failed?” said SLPP MP Dilan Perera.

4 min read

Sri Lanka could double exports to US$20bn with organic crops after fertilizer ban: Trade Minister

"If we make the country organic we can earn 20 billion US dollars in two years." the minister said

Imesh Ranasinghe

3 min read

Sri Lanka's COVID-19 third wave claims over 3,200 lives in just three months

A breakdown of the numbers so far, as recorded by the health ministry’s epidemiology unit:

Chanka Jayasinghe

3 min read

Sri Lanka cabinet clears new petroleum law

The draft law has been cleared by Sri Lanka's Attorney General

1 min read

Sri Lanka Muslims celebrate Eid-ul-Adha amid third wave of COVID-19

Prayer congregations are limited to just 100 people.

Mahadiya Hamza

1 min read

No faith motion against Sri Lanka energy minister defeated

Sri Lanka’s government defeated a no confidence motion against its energy minister

1 min read