An Echelon Media Company
Sunday June 13th, 2021

Sri Lanka raised fuel prices to strengthen economy, rupee: President's office

CPC owes banks Rs652bn, CEB Rs85bn

4 minutes

Losing GSP+ will spell disaster for Sri Lanka's economy: former PM Wickremesinghe

"In the face of the danger that has arisen, the GSP+ must not be politicised."

2 min read

Sri Lanka CB did not approve luxury SUV imports for MPs: Governor

It is a difficult question to justify

3 min read

Sri Lanka seeks US$40mn in interim damages from X-Press Pearl

Expert Committees to assess longer term damage

1 min read

Sri Lanka ruling party kindles resignation drama over fuel price hike

Minister accused of not taking correct decisions

Imesh Ranasinghe
On fake news, popular dissent & opposition silence: In conversation with MP Dr Harini Amar...

 “It’s really rich coming from a government that routinely uses fake news to for its own projects,” said Dr Amarasuriya.

Sri Lanka stocks end higher

LOLC Holdings, Ceylon Tobacco Company and Commercial Leasing and Finance pushed ASPI up

3 min read

Sri Lanka's COVID-recovered opposition leader promises to "donate" his vaccine to people

“As a servant of the people, I do not wish to be vaccinated until everyone in the country is vaccinated."

Imesh Ranasinghe

1 min read

Two suspects accused of aiding Sri Lanka Easter bomb ringleader in TID custody

The two suspects will be detained and questioned under provisions in the Prevention of Terrorism Act

Imesh Ranasinghe

2 min read

Sri Lanka to hike fuel prices, jettisoning price control strategy

Date to be notified later

3 min read

Sri Lanka 2021 GDP growth target lowered to below 5.0-pct: CB

Inflation to be with target

1 min read

Sri Lanka expects US$400mn swap with India in August: CB Governor

Bangladesh swap proceeding rapidly

1 min read

Sri Lanka vaccination centres on June 11

People in Colombo can get their second dose of vaccine in army managed vaccine stations.

1 min read

With 101 new deaths confirmed, Sri Lanka's COVID-19 death toll rises to 2,011

This 101 deaths confirmed June 11 occurred over a number of as yet unspecified days

1 min read

Sri Lanka can continue to control imports: Central Bank

There are goods that can be made in the country that is better than the foreign ones

1 min read

EU parliament adopts resolution on Sri Lanka; wants PTA repealed, GSP+ withdrawn

The EU expressed deep concern over  Sri Lanka's "alarming path towards the recurrence of grave human rights violations"

3 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 199.7609 199.6761
UK Pound 283.0512 281.9227
Euro 243.3887 242.9958
Aus Dollar 154.7448 154.3596
Yen 1.8259 1.8257
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7358 2.7359
Korea Won 0.1797 0.1792
Oman Rial 518.8730 518.6527
Saudi Riyal 53.2540 53.2313
UAE Dirham 54.3841 54.3610
Source: Central Bank/Indicative
pts %
S&P SL20 3,074.10 1.04%
CSE All Share 7,601.16 0.49%
Turnover Rs million. 3,227,216
Source: CSE
Latest Last
3-m bill 5.06 5.06
6-m bill 5.11 5.10
12-m bill 5.16 5.16
5-yr bond 7.31 7.31
8-yr bond 7.85 7.61
Source: Central Bank/Indicative
today yesterday
Overnight Money 4.67 4.67
Gilt Repo 4.68 4.68
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka net forex reserves fall to 33-pct of reserve money

The slide had been relentless since September 2014

4 min read

Partially sunken X-Press Pearl off Sri Lanka leaching grey material into sea

Vessel carried over 800 tonnes of caustic soda and also urea

2 min read

“Happy” Bhutan threatened by climate change and geopolitics

Bhutan, ever on the pursuit of happiness, is threatened by global warming and the India-China tussle, experts say

Kshama Ranawana

7 min read

Twenty-eight percent increase in Sri Lanka's COVID-19 deaths compared to last week

Sri Lanka recorded 67 COVID-19 deaths including an eight-day-old baby from Gampola from May 17 to June 08

Chanka Jayasinghe

2 min read

US inflation hits 5.0-pct in May 2021 amid money growth

Consumer Inflation hits highest level since 2008

2 min read

Sri Lanka rupee remains inactive

Bond yields down

1 min read

Sri Lanka plans to lift unofficial COVID-19 lockdown; travel restrictions to end June 14: report

Silva was quoted as saying the lockdown will be lifted on June 14 as previously announced.

1 min read

First ever bilateral consultations between Sri Lanka and Ethiopia held online

Three Sri Lankan apparel companies and one chemical manufacturing company based in Ethiopia

Mahadiya Hamza

2 min read

Sri Lanka stocks close 0.49-pct higher

LOLC Holdings, Hemas Holdings and Distilleries pushed ASPI up

3 min read

Sri Lanka police discontinue lockdown traffic sticker; parties continue undetected

“On the whole, people’s behaviour has been satisfactory,” the police spokesman said.

Imesh Ranasinghe

3 min read

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