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An Echelon Media Company
Tuesday September 28th, 2021
Business

Sri Lanka's Ceylon tea output down 1.2-pct in July 2021

In the first seven months of 2021, tea output was up 19.6 percent to 187.8 million kilograms.

6 min read

UK to remove Sri lanka, seven other countries from COVID-19 'red list' Sep 22

Sri Lanka’s economy was facing a loss of more than 260 million rupees each day when it remained on the UK’s ‘red l...

6 min read

Sri Lanka to reopen 5,000 schools, but teachers on strike refuse to budge

Teachers will not resume work until long-standing salary anomalies in their service are not resolved, said Stalin.

6 min read

Sri Lanka's Tess Agro eyes funds from Swiss firm to make tin cans

Food storing cans to be exported

6 min read

Sivashanth Sundararajee appointed COO of CT CLSA Securities Services

Sivashanth is banker with over 20 years’ experience in retail banking and global banking.

Sri Lanka exports soar 12-pct, banks limit overseas credit card transactions

The August 2021 is slightly up from the pre-COVID19 pandemic export earnings in August 2019

Chinese Sinopharm jabbed Sri Lankans face visa uncertainty

Others offered choice of vaccines

2 min read

Sri Lanka’s new cabinet spox admits teachers’ salary below kottu maker, non-academic staff

As I once told the media, a kottu maker at a hotel must be getting more money than a teacher.”

2 min read

Sri Lanka tourist sector links with Germany to boost post-Covid positive impacts

Mitigating negative impacts on the natural, historic, cultural or social environment

4 min read

Sri Lanka Navy introduces dragon boat racing, other water sports to Jaffna

Dragon boat racing as a sport traces its origins to southern China some 2,000 years ago.

Mahadiya Hamza

2 min read

Sri Lanka online firewood sale on fire as price controls create LPG shortage

People are buying this plus clay stoves as a backup or ‘just in case' fears

2 min read

Sri Lanka apparel exporters boost supply chain transparency, lifts ethical branding

The industry association has revamped its website and logo recently

2 min read

Sri Lanka's Softlogic Stock Brokers get [SL]BBB rating from ICRA

The firm had a risk-weighted capital adequacy ratio of 310 percent as of March-21

6 min read

Sri Lanka PCR tests as low as Rs5000 in competition

Price controls have already disrupted gas and milk supply

2 min read

Sri Lanka's Asia Securities gets 'BBB-(lka)' from Fitch

Fitch Ratings has given a 'BBB-(lka)' rating to Asia Securties, a stock broking company with a stable outlook.

5 min read

Sri Lanka clears draft law to hike fines 3,900-pct as price controls trigger milk shortage

Autarky tax on milk powder lifted to lower import prices

4 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 200.0335 200.0000
UK Pound 274.0359 273.3300
Euro 233.8592 234.3800
Aus Dollar 145.6500 145.6500
Yen 1.8006 1.8077
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7096 2.7093
Korea Won 0.1693 0.1701
Oman Rial 519.5743 519.4873
Saudi Riyal 53.3280 53.3205
UAE Dirham 54.4583 54.4492
Source: Central Bank/Indicative
pts %
S&P SL20 3,416.12 2.04%
CSE All Share 9,269.65 3.69%
Turnover Rs million. 2,191,558,044.10 6,774,922
Source: CSE
Latest Last
3-m bill 6.03 5.91
6-m bill 6.06 5.95
12-m bill 6.15 6.02
5-yr bond 9.09 8.90
8-yr bond 9.50 9.26
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 Institute of Tourism & Hotel Management to be made higher education institute

SLITHM conducts courses from foundation to management level.

Mahadiya Hamza

2 min read

Sri Lanka cabinet appoints committee to look into teachers' salary demands

The committee is expected to submit a report to Finance Minister Basil Rajapaksa by next Monday’s cabinet meeting.

2 min read

Sri Lanka abolishes tax on milk powder import to maintain prices

The move comes after severe scarcity for import milk powder has been reported amid speculation of hoarding.

2 min read

Sri Lanka gets tourism investments despite Coronavirus pandemic

64 proposals now being reviewed with 38 approved

1 min read

Sri Lanka nautical tourism to sail beyond the beach with boat show

Pleasure boating, leisure fishing and marine engineering on view

4 min read

Sri Lanka property price disinflation in the capital Colombo ends

Near double digit growth

2 min read

Sri Lanka's Teejay Lanka profits Rs310mn as Powell Bubble drives cotton

Strong order book, rising raw material costs

3 min read

Sri Lanka welcomes 2,400 tourists in July, Maldives in second place

The top generating market was UK with 342 visitors followed by the Maldives

1 min read

Protests continue in Sri Lanka over teachers' salary demands, KNDU bill; two arrested

Teachers also defied a government order to all state public servants to return to work on Monday (02).

Chanka Jayasinghe

3 min read

Sri Lanka p'ment will not debate controversial defence university bill this week

"I believe MPs and the public should be given more time to express their views [on the bill],” the minister said.

3 min read