An Echelon Media Company
Friday January 28th, 2022
Business

Sri Lanka's Sierra Cables downgraded to A+(lka) on raw material imports

Fitch expects Sierra's revenue will fall in the next 12-18 months amid challenges in importing raw materials

4 min read

Sri Lanka seeks US$175 mln for exclusive Galle tourist port

Sri Lanka to build an exclusive port for tourists to attract large cruise vessels

4 min read

Sri Lanka falls in transparency index; Bhutan leads in South Asia   

Sri Lanka's ranking under Corruption Perception Index has fallen eight ranks

4 min read

France backs Sri Lanka manufacture sector in plantation

6,000 smallholder rubber estate owners in the Moneragala District had been trained by the embassy

4 min read

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,”

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

Sri Lanka issues rules on dollarized payments to tourist hotels

Dollars have to be deposited or converted within three days

2 min read

3

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

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 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 seeks rice bailout from China after fertilizer ban

A million tonnes will make good a 50-pct crop loss in the main cultivation season

3 min read

1

Sri Lanka to build four Hungary-financed flyovers

The projects will be funded by the Hungarian Exim Bank’s concessionary finance facility.

Mahadiya Hamza

1 min read

3

Sri Lanka to take action against discriminatory tourist hotels -- again

This is not the first time the state has intervened in the matter.

Mahadiya Hamza

2 min read

1

India hands over 1,000 houses in Sri Lanka tea plantations

Festival of Pongal represented shared civilizational ties between the two countries

1 min read

After fertilizer policy failure, Sri Lanka leader offers record 95 rupees for paddy

The Maha season usually sees the largest paddy harvest in Sri Lanka's farmlands.

3 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 202.0000 201.5882
UK Pound 271.5789 272.2486
Euro 226.8561 227.9459
Aus Dollar 143.0261 144.4178
Yen 1.7640 1.7704
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6890 2.6962
Korea Won 0.1680 0.1684
Oman Rial 524.6685 523.5989
Saudi Riyal 53.8480 53.7411
UAE Dirham 54.9952 54.8831
Source: Central Bank/Indicative
pts %
S&P SL20 4,487.00 -1.06%
CSE All Share 13,065.75 -1.09%
Turnover Rs million. 2,191,558,044.10 5,340,613,558
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 China-backed Port City to see 'breakthrough' in 2022 1Q

It is not a day dream. It is being realized day by day

1 min read

1

Sri Lanka sees tourist stays double in January 2022

Aims for 100,000 tourists a month

Mahadiya Hamza

1 min read

Inorganic fertilizer back in market next season; govt didn't support ban: minister

"I ruined my career of 32 years because of this. "

3 min read

Sri Lanka to purchase organic fertilizer from Chinese firm sued NPQS

Colombo paid 6.9 million dollars to the Chinese firm

Mahadiya Hamza

3 min read

1

Sri Lanka president appoints new vice chancellor at Colombo University

Karunaratne's appointment will come into effect on April 12.

1 min read

Sri Lanka to launch housing pilot project for low income groups; to be paid in installments

The project aims to provide housing to lower income families who don’t own land and have to rent a house.

Mahadiya Hamza

1 min read

Sri Lanka state firms to buy organic fertilizer from domestic producers

Two-state fertilizer companies to start the procurement process using funds allocated for subsidized fertilizer.

1 min read

Sri Lanka to set up state sugar factory in Moneragala

Says will boost domestic production

1 min read

Ceylon tea, gemstones have huge demand in China, says envoy

Sri Lankan gemstones and tea sold out within seconds in China

1 min read

Sri Lankan medical students waiting to return to China to be prioritised: Wang Yi

“I must share with you that the Chinese government has already listed Sri Lanka on the first batch."

Chanka Jayasinghe

3 min read

1 2 3 144