An Echelon Media Company
Wednesday June 7th, 2023

Is Sri Lanka’s pandemic debt moratorium interest free? – fact checked

For the borrowers who did not pay the interest, a separate interest for that unsettled interest payment will be char...

November 30, 2021 4 min read

Sri Lanka to largely stick with current travel guidelines for tourists for now

A top official at Sri Lanka's foreign ministry said the current travel guidelines are unlikely to be changed.

November 29, 2021 3 min read

Omicron variant: Sri Lanka to ban inbound travellers from six African countries

The ban will go into effect from 0000hours on November 28.

November 27, 2021 1 min read

Sri Lanka opens Japan-funded 'Golden Gate Kalyani' bridge

The total cost for the project is 55,000 million rupees, according to the president’s media division (PMD).

November 25, 2021 2 min read
Sri Lanka coconut auction prices continue to climb

Buyers offered 1,381,134 nuts at the auction and sold 970,638.

Sri Aurobindo: Mystical Awareness Supplants Production

In India, religion and socialism commingle and collide.

Sri Lanka's draft data protection and privacy laws should not hamper markets, innovation: IPS

Sri Lanka's draft privacy and data protection laws, while important, should not place unnecessary burdens on businesses ...

November 6, 2019 3 min read

Maldives resort chain to run new US$35mn 5-star hotel in Sri Lanka

A Maldivian resort chain is to manage a five-star hotel to be built in Sri Lanka's southern Tangalle region with an inve...

November 6, 2019 1 min read

IFC to fund training for higher female participation in Sri Lanka's retail supply chains

The International Finance Corporation (IFC), a part of the World Bank Group, said it will be funding a 478,149 US dolla...

November 5, 2019 1 min read

Sri Lanka's Serendib Hotels loss widens in Sept quarter

Losses at Sri Lanka’s Serendib Hotels group widened to 70 million rupees in the September 2019 quarter from a year ago...

November 5, 2019 2 min read

Sri Lanka's Kingsbury hotel revamps after bomb damage

Sri Lanka’s The Kingsbury hotel, damaged in the Easter Sunday bombings, said it is revamping restaurants which will be...

November 5, 2019 1 min read

Sri Lanka's Dipped Products Sept quarter net up 51-pct

Sri Lankan rubber gloves maker Dipped Products' net profit rose 51 percent to 231 million rupees in the September 2019 q...

November 5, 2019 2 min read

Gota eliminating Z-score jeopardizes students future

Prime Minister Ranil Wickremesinghe says Gotabaya Rajapaksa's proposal to eliminate the Z-score will jeopardize the futu...

Imesh Ranasinghe
November 4, 2019 2 min read

Private universities will continue under strict regulation - AKD

Presidential hopeful Anura Kumara Dissanayake says, under his leadership, private universities will continue under stric...

Nisali De Silva & Himal Kotelawala
November 4, 2019 4 min read

Sri Lanka to regulate imports of taps, bath fittings

Sri Lanka is planning to bring regulations on water faucets and to improve quality, the government has said, though high...

November 2, 2019 1 min read

Sri Lanka eyes BOOT projects to bring private capital to highways

Sri Lanka is eyeing public private partnerships on a built own operate transfer (BOOT) mode with gap funding from the go...

November 1, 2019 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 285.6164 283.8763
UK Pound 353.8887 352.3039
Euro 304.1967 302.2424
Aus Dollar 187.2054 183.5776
Yen 2.0304 2.0303
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5460 3.5400
Korea Won 0.2234 0.2216
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Source: Central Bank/Indicative
pts %
S&P SL20 2,494.26 0.28%
CSE All Share 8,766.60 0.15%
Turnover Rs million 1,335,527,883 1,335,527,883
Source: CSE
Latest Last
3-m bill 24.37 24.64
6-m bill 24.00 24.24
12-m bill 22.03 22.37
5-yr bond 24.67 24.98
8-yr bond 23.33 23.82
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Iluka team returns to Sri Lanka for talks on illmenite mining

A team from Australian mineral sands miner Iluka Resources Ltd. has returned to Sri Lankan to resume talks on an ilmenit...

October 31, 2019 1 min read

Sri Lanka’s Ceylon Chamber wants zero tolerance of divisive practices, pvt sector monitoring

Sri Lanka's main business chamber wants the private sector monitor government program implementation and zero tolerance ...

October 30, 2019 6 min read

ICRA Lanka reaffirms Access Engineering at [SL]A+

ICRA Lanka Limited, a ratings agency, reaffirmed Access Engineering's [SL]A+ rating with a stable outlook due to the con...

October 30, 2019 10 min read

Kaizen Private Equity to invest in education firms in Sri Lanka: ADB

Kaizen Private Equity II Pte. Ltd. a 79 million US dollar private equity fund, will be investing in eight education busi...

October 30, 2019 2 min read

Sri Lanka names organic farming zone off Kalu-Moragahakanda project

Farmland opened by a new irrigation projects in Sri Lanka below a montane forest reserve has been named an exclusive org...

October 30, 2019 1 min read

Sri Lanka gives deed of reclaimed land to China firm

Sri Lanka's President Maithripala Sirisena handed over the deed for to a lease of land reclaimed by a Chinese company to...

October 30, 2019 1 min read

Sri Lanka’s Asian Hotels and Properties Sept quarter net down 95-pct

Sri Lanka’s Asian Hotels and Properties said net profits fell 95 percent to 10.6 million rupees in the September 2019 ...

October 29, 2019 1 min read

Sri Lanka's BPPL expects yarn orders to offset softer brush sales

Sri Lanka's BPPL Holdings Plc, a brush and yarn maker using recycled plastics said profits grew 24 percent in the Septem...

October 29, 2019 2 min read

Sri Lanka to conserve coasts, boost tourism from Negambo to Mirissa

Sri Lanka on Wednesday initiated a coastal conservation and tourism development master plan in the coastal stretch from ...

Tania Madies
October 28, 2019 2 min read

Over 700 foreign language teachers to be recruited

The Cabinet has granted approval to recruit 729 graduate teachers to teach foreign languages in government schools.

October 28, 2019 1 min read