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Saturday October 23rd, 2021
Business

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

3 min read

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

Fuel price hike expected

3 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.

3 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

3 min read

Sri Lanka export committee to identify markets, recommend policy

The committee will run for a duration of 5-years

Sri Lanka teachers' strike: minister threatens legal action if teachers disrupt school reopening

Weerasekara drew parallels between a dragging teachers’ strike – now into its fourth month – and Sri Lanka’s civ...

Sri Lanka seeks technical assistance for organic agriculture

Sri Lanka welcomes technical assistance and bilateral support in this regard

1 min read

Sri Lanka should open schools, but reduce exam pressure: EducationForumSL

Alternatives to the “covering the syllabus to prepare children for exams” approach is needed

7 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.

2 min read

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

3 min read

SriLankan to operate flights from Mattala airport after concessions

Sumanasekara said going forward, a few more scheduled flights will be operational from Mattala.

Mahadiya Hamza

2 min read

Sri Lanka tea output, export earnings could fall 25-pct over fertilizer ban: industry group

Tea production could fall as much as 25 percent within six months

3 min read

Sri Lanka money printing hits cable maker raw materials

Will result in a short supply of materials very soon

2 min read

Sri Lanka's Ceylon Tea exports up 15-pct in July 2021, Iraq top buyer

Up to August, exports were up 7.7 percent to 187.5 million kilograms but were down 4.42 percent from 2019.

1 min read

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.

1 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...

Mahadiya Hamza

3 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 201.0455 200.5117
UK Pound 277.3121 277.2676
Euro 233.7456 233.8869
Aus Dollar 150.2614 151.2660
Yen 1.7625 1.7543
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6854 2.6801
Korea Won 0.1705 0.1707
Oman Rial 522.2097 520.8231
Saudi Riyal 53.6007 53.4541
UAE Dirham 54.7338 54.5885
Source: Central Bank/Indicative
pts %
S&P SL20 3,572.70 0.54%
CSE All Share 9,881.50 1.78%
Turnover Rs million. 2,191,558,044.10 4,268,523
Source: CSE
Latest Last
3-m bill 7.19 6.64
6-m bill 7.31 6.80
12-m bill 7.46 6.96
5-yr bond 10.52 9.48
8-yr bond 11.37 9.97
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 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.

Chanka Jayasinghe

3 min read

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

Food storing cans to be exported

1 min read

Sri Lanka state agency hikes paddy buying price by 10-pct after emergency raids

There was no mention of other grades of rice in the new statement

2 min read

Fully vaxxed tourists to Sri Lanka can leave bio-bubble but must pre-book travel sites

They must also only use transport booked by the hotel or the agent that handles their travel.

Mahadiya Hamza

2 min read

Sri Lanka's Green Tape says online procurement taking off

Procured 500 million rupees worth of tenders

2 min read

Sri Lanka gets 5,040 tourists in August 2021, Pakistan, India, Maldives in top six

Arrivals creeping up

1 min read

Sri Lanka to set up state tech park company, list in stock market

Tech parks will be set up in Galle, Kurunegala, Anuradhapura, Kandy and Batticaloa districts.

1 min read

Sri Lanka to give 2,771 acres of state land for commercial dairy farms

Fiver firms to invest Rs8bn and import 4,200 milch cows

2 min read

Agility, being customer-centric key to post-pandemic success, Sri Lanka marketers say

Customer behavior expected to shift

4 min read

Sri Lanka's fast spreading leaf disease could wipe out rubber in fertilizer ban, industry warns

Production drop of 15-20-pct this year

2 min read