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Wednesday October 27th, 2021
Business

Sri Lanka tea under threat from pests, fungal outbreaks, weeds due to agro-chemical ban

Manual weeding worsens soil erosion, fertilizer loss

1 min read

Sri Lanka egg prices up as feed costs soar amid money printing, import controls

Import controls have pushed up maize costs

1 min read

Sri Lanka's Peoples Insurance A+(lka) confirmed amid import controls, pandemic

Fitch Ratings has confirmed an 'A+(lka)' National Insurer Financial Strength rating of People's Insurance Plc

1 min read

Sri Lanka's North, East see highest attendance of students, teachers: minister  

Gunawardena said the government was able to open around 98 percent of the targeted schools.

1 min read

Sri Lanka govt talks with teacher trade unions end with no final decision: officials

“We did not give our response in the meeting, but we hope to discuss it with the unions tomorrow," said Stalin.

Chanka Jayasinghe

3 min read

Sri Lanka probing viral video of tourist who claims he turned back due to lockdown

"I don't know why the tourist did not opt to use those facilities but made this viral video. It is mind boggling."

Mahadiya Hamza

2 min read

Cabinet nod for bill extending Sri Lanka's private sector retirement age to 60

The cabinet has approved the proposal by Labour Minister Nimal Siripala de Silva to present the draft bill in p'ment.

1 min read

Sri Lanka may allow liquid nitrogen fertilizer for tea: Minister

A committee has been formed to look into how liquid nitrogen could be provided to tea

1 min read

Sri Lanka food, cooking gas prices up after controls removed amid money printing

Fuel price hike expected

5 min read

Sri Lanka's state universities begin vaccinating students, staff aged 20-29

Students, academic and non academic staff can go to the nearest university to their residence to get the jab, he said.

Chanka Jayasinghe

1 min read

Distilleries, Melstacorp 'AAA-(lka); Fitch rating confirmed despite expected tax hike

Fitch expects some tax hikes in the sector but at moderate levels

9 min read

Sri Lanka power regulator license more electricians

PUCSL says an electrician license will be made mandatory by next year and regulations will be imposed

2 min read

Sri Lanka tourist arrivals boosted by India, Pakistan in Sept 2021

In late August, Sri Lanka restarted its tourism campaign in India

2 min read

Sri Lanka removes limit on unvaccinated inbound passengers; duty free open for vaxxed

However, unvaccinated passengers must still undergo a 14-day quarantine.

Mahadiya Hamza

2 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 203.0000 201.9836
UK Pound 279.4295 278.1314
Euro 235.5105 235.1897
Aus Dollar 152.3312 150.2614
Yen 1.7827 1.7770
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7067 2.6932
Korea Won 0.1743 0.1720
Oman Rial 527.2864 524.6464
Saudi Riyal 54.1218 53.8508
UAE Dirham 55.2659 54.9892
Source: Central Bank/Indicative
pts %
S&P SL20 3,644.73 1.08%
CSE All Share 10,046.80 1.33%
Turnover Rs million. 2,191,558,044.10 6,853,653
Source: CSE
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3-m bill 7.69 7.19
6-m bill 7.87 7.31
12-m bill 8.13 7.46
5-yr bond 10.99 10.52
8-yr bond 11.31 11.37
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.11 5.11
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka's Grade 5 scholarship, GCE A/L exams postponed yet again

New dates for the exams will be announced in the near future, the state minister said.

2 min read

Sri Lanka telecom regulator to strengthen its position as property developer

4 acres to be given for offices, foods stalls and car park

1 min read

Sri Lanka teachers promise more protests on World Teachers' Day if salary crisis not resolved

The cabinet has announced a decision to declare both teachers and principal's services as closed services.

Chanka Jayasinghe

3 min read

Top China tour operator to direct one million tourists to Sri Lanka: Ambassador

China is one of Sri Lanka’s top three tourist source markets.

Mahadiya Hamza

2 min read

Sri Lanka in in discussion with India, China to acquire nitrogen extract: agriculture minister

Farmers in Sri Lanka are banned from using chemical fertilizer and insecticides, amid import controls.

2 min read

Sri Lanka 'organic' tea prices may have to rise 75-pct to offset hit from fertilizer ban

So automatically, the cost of production will increase to 30 to 40 percent as a result of lower yields

3 min read

Sri Lanka's Lion Brewery 'AAA(lka) rating confirmed by Fitch, tax hike expected

Lion has significant rating headroom to weather even more prolonged disruptions to its operations

8 min read

Sri Lanka milk importers cry over dollars

If we are unable to get the money, we have no choice but to divert the stocks to another country

2 min read

Sri Lanka tea farms fear 40-pct crop loss in 2022, rubber wipe-out over fertilizer ban

As bad as the coffee blight?

4 min read

South Asia immigration barriers hindering industrial hub potential

It is not that the region is lacking in natural and human resources, both skilled and unskilled

6 min read