An Echelon Media Company
Friday September 30th, 2022

Despite challenges, trade fairs will stay

Organisers are looking at different methods in which Trade Fairs could be re-introduced.

October 9, 2021 5 min read

Sri Lanka Minister apologizes for creating shortages, gives up on price controls

We apologize for the inconvenience caused to consumers

October 8, 2021 4 min read

Sri Lanka shortage agency likely to relax price controls on LPG, wheat flour, milk

CAA to issue new price controls based on 'costs'

October 8, 2021 6 min read

Sri Lanka kicks off 2022 budget process with Appropriation Bill

The ministry of defence had been allocated 373.1 billion rupees, health 153.5 billion rupees and education 127 billion

October 7, 2021 1 min read
Sri Lanka may be able to get US$3bn from IMF: Sabry

I think we can get 3bn from IMF, over three years 1 billion each from IMF only

Oil exploration agreements signed: Sri Lanka to produce oil and gas by 2022

The Sri Lankan Government signed an agreement with two energy companies in Norway and France at the Ministry of Petroleu...

August 28, 2019 1 min read

ADB aid for Sri Lanka to improve urban life, $150mn for water supply

Rapid urbanization is straining infrastructure

August 28, 2019 2 min read

Sajith promises Hayekian, Keynesian policy mix for Sri Lanka

Sajith Premadasa, who is pushing to be the presidential candidate for Sri Lanka's United National Party said he wanted t...

August 28, 2019 5 min read

Bogambara: A prison turned into a tourist attraction

Prime Minister Ranil Wickremesinghe declared open the first phase of Bogambara Cultural Centre last Saturday (24), with...

August 27, 2019 2 min read

Sri Lankan envoy assures country is safe to Singapore audience

High Commissioner of Sri Lanka in Singapore Sashikala Premawardhane , infoms Singapore that all necessary measures were...

August 27, 2019 2 min read

SL promoting Ramayana heritage sites

Sri Lanka’s High Commissioner to India Austin Fernando requested the members of the Outbound Tour Operators Associatio...

August 27, 2019 2 min read

Export-oriented economy way forward - PM

The agriculture sector needs to adapt to new and emerging trends so that it can transform into an export-oriented one al...

August 26, 2019 1 min read

Sri Lanka at risk of losing US$480mn Millennium Challenge grant

Sri Lanka is at risk of losing a 480 million US dollar grant from the Millennium Challenge Corporation (MCC) to improve ...

Chandeepa Wettasinghe
August 26, 2019 4 min read

Sri Lanka budget deficit widens up to June 2019, filled by foreign borrowings

Sri Lanka's budget deficit has widened to 3.4 percent of estimated gross domestic product in by June 2019 from 2.4 perce...

August 26, 2019 1 min read

Foreigners sell bonds as rupee falls, CB says Sri Lanka has enough forex reserves

Foreign investors sold 13 billion rupees of bonds in the week to August 21, accelerating a weakening of the rupee that b...

August 25, 2019 6 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 369.9235 369.9235
UK Pound 417.3920 417.3688
Euro 365.4949 365.1473
Aus Dollar 247.2916 245.9917
Yen 2.6166 2.5700
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4750 4.5225
Korea Won 0.2575 0.2576
Oman Rial 942.5852 942.5852
Saudi Riyal 96.4518 96.4518
UAE Dirham 98.7994 98.7994
Source: Central Bank/Indicative
pts %
S&P SL20 3,203.01 -0.87%
CSE All Share 9,964.80 -0.36%
Turnover Rs million 3,017,534,901 4,958,500,230
Source: CSE
Latest Last
3-m bill 30.31 30.81
6-m bill 28.51 28.66
12-m bill 28.26 28.78
5-yr bond 25.30 25.04
8-yr bond 26.01 25.76
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka price controlled drugs still cheaper despite rupee collapses: Rajitha

Sri Lanka's price controlled drugs are still lower than pre-control price, Health Minister Rajitha Senaratne said, despi...

August 24, 2019 3 min read

Sri Lanka liquidity drop amid money printing bout from fiscal repayment

A drop in excess liquidity earlier in August around the time large scale money printing from lender of last resort windo...

August 24, 2019 3 min read

Boat service for public, launched; First month free

The boat service for transporting passengers operating along the Beira Lake from Union Place to Colombo Fort was launche...

August 23, 2019 2 min read

Sri Lanka to grow about 2 percent in 2Q: CB Governor

Sri Lanka is expecting to grow about 2 percent in the second quarter and 3.1 percent for the full year, Central Bank Gov...

August 23, 2019 1 min read

Moody's forecasts Sri Lanka growth to weaken, slow recovery

Sri Lanka’s economic growth will slow sharply in the second quarter of this year after April’s suicide bom...

August 23, 2019 3 min read

Sri Lanka cuts policy rate 50bp after liquidity disruptions

Sri Lanka has cut its policy interest rate 50 basis points to 7.0 percent shortly after unusual volatility in the aggreg...

August 23, 2019 7 min read

Privatization gulf between Sri Lanka, Vietnam exposed by Bimal Ratnayake, opposition

Sri Lanka's Marxist Janatha Vimukthi Peramuna and opposition legislators launched an attack on an amendment to a governi...

August 23, 2019 5 min read

Plans to draw investor for SriLankan Airlines with 49-pct stake

Sri Lanka is making plans to attract a foreign investor by offering a 49 percent stake and taking off some of the debt o...

August 22, 2019 2 min read

Sri Lanka national inflation edges up to 2.2-pct in July

Sri Lanka's nationwide inflation edged up to 2.2 percent in July 2019 after slowing down in the two previous months, the...

August 21, 2019 1 min read

Boat transport service to be launched in Colombo for public use

The Megapolis and Western Development Ministry says that a boat service will be launched tomorrow (22 August), operating...

August 21, 2019 1 min read