An Echelon Media Company
Wednesday September 27th, 2023

Sri Lanka revises fuel prices again; Petrol 92 down by 40 rupees

Auto Diesel is reduced by 15 rupees per and the new price is 415 per liter.

October 17, 2022 1 min read

Sri Lanka lines up funds for drugs, but facing procurement delays: Minister

The only thing is procurement procedures are tedious

October 17, 2022 3 min read

Sri Lanka has more debt discussions with China, India: President

Hopeful of sucess

October 17, 2022 1 min read

Sri Lanka to act against travellers wearing too many gold jewelry

Several identified

October 17, 2022 1 min read
Sri Lanka canteens to cut milk tea price after rupee appreciation

From next week the maximum price of a cup of milk tea will be 90 rupees

Sri Lanka seeks divestment advisors, in talks with IFC for SriLankan

Firms are free to express interest with respect to one or more of the above mentioned enterprises

Sri Lanka aims for 3,300 arrivals per day as airports open; PCR tests at hotels prior to check-in

Sri Lanka hopes to receive on average 3,300 passengers per day when it opens up the airports for tourists from January 2...

January 18, 2021 2 min read

Sri Lanka exports down 16-pct, imports 20-pct in November

Sri Lanka's exports were down 16.3 percent to 819 million dollars in November 2021 from a year earlier and imports were ...

January 15, 2021 2 min read

Sri Lanka Telecom, Ceylon Electricity Board ratings lowered after sovereign downgrade

Fitch Ratings has lowered the domestic rating of two state-controlled utilities after a re-caliberation of the scale fo...

January 14, 2021 2 min read

Sri Lanka selling state lands to foreigners through backdoor: Harsha

Sri Lanka's current administration is selling real estate to foreigners and locals through the back door after coming to...

Imesh Ranasinghe
January 14, 2021 2 min read

Sri Lanka Customs busts vehicle import racket under diplomatic cover

Sri Lanka Customs said it had busted a racket where accident-damaged cars are packed in containers and imported to the c...

January 12, 2021 2 min read

Sri Lanka to repay US$6,865mn foreign debt in 2021: Minister

Sri Lanka is making arrangements to repay or roll-over 6,865 million dollars of foreign debt in 2021 co-cabinet spokesma...

Imesh Ranasinghe
January 12, 2021 2 min read

India will hold Sri Lanka to its commitments on reconciliation

Indian External Affairs Minister tells Virakesari that Sri Lanka has promised to work towards realizing the expectations...

January 12, 2021 4 min read

Sri Lanka central bank swaps surge, forward premiums negative in MMT

Sri Lanka's central bank swap transactions with market participants and others to borrow reserves have surged in 2020, o...

January 12, 2021 2 min read

Sri Lanka central bank forex interventions turn negative in November

Interventions in Sri Lanka's foreign exchange market by the central bank to maintain a soft-pegged exchange rate regime ...

January 11, 2021 2 min read

Sri Lanka converts Treasury overdrafts with state banks to bonds

Sri Lanka has cut Treasury overdrafts from state-banks by a lump sum administrative issue of at least 248 billion rupees...

January 10, 2021 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 330.2942 315.1016
UK Pound 429.0139 401.1871
Euro 372.1704 343.1959
Aus Dollar 227.2526 211.5951
Yen 2.3820 2.1908
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
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

India's Jaishankar meets Sri Lanka biz leaders, 'air-travel bubble', expanding FTA discussed

Visiting External Minister S Jaishankar had discussed starting an 'air travel bubble' with India and expanding a free tr...

January 8, 2021 2 min read

Sri Lanka to take-over plantations company hospitals with land

Sri Lanka has decided to take over estate hospitals that are operated by a number of plantations companies along with la...

January 8, 2021 2 min read

Sri Lanka sugar scam from midnight gazette, parliament committee calls for probe

A committee on public finance at Sri Lanka's parliament has called for a probe on alleged huge profits made from sudden ...

January 8, 2021 6 min read

Cardinal leading the charge against developers intruding into Muthurajawela

Sri Lanka’s Roman Catholic Church is marshalling its forces to protect the Muthurajawela wetlands from a multi-use dev...

January 8, 2021 2 min read

Sri Lanka swap with Peoples's Bank of China in advanced stage: Minister Cabraal

A 10 billion yuan (about 1.5 billion US dollar) swap line for Sri Lanka's central bank with the People's Bank of China a...

January 8, 2021 1 min read

Sri Lanka de-reg commission headed by Weeratunga, Balendra appointed by President

Sri Lanka President Gotabaya Rajapapksa has appointed a de-regulation commission headed by Principal Advisor to the Pres...

January 7, 2021 3 min read

Pasan Wanigasekara appointed Board of Investment Sri Lanka DG

Pasan Wanigasekera, an accounting and finance professional who is also a lawyer had been appointed Director General of t...

January 7, 2021 1 min read

Sri Lanka seeks vaccines, talks on pharma, tourism, infrastructure investments: India Minister

Sri Lanka has sought Coronavirus vaccines from India and the two countries had also discussed investments in infrastruc...

January 6, 2021 1 min read

Sri Lanka GDP to grow 3.3-pct in 2021: World Bank

Sri Lanka's economic growth is expected to recover to 3.3 percent in 2021, and 2.2 percent in 2022 after contracting 6.7...

January 6, 2021 2 min read

Sri Lanka extends new exchange controls till July 02, 2021

Sri Lanka has extended exchange controls introduced after a steep fall in the currency around March and April 2020, in t...

January 5, 2021 3 min read