An Echelon Media Company
Wednesday May 12th, 2021
Trade

Sri Lanka allows import of some agro-chemicals under license

The new rules apply to bills of lading and airway bills dated May 06 or after.

5 minutes

Sri Lanka President plants turmeric in garden in import substitution drive

Five 'grade-A' turmeric plants would be given to 1.5mn families to produce their own requirements

2 min read

Sri Lanka merchandise exports reach US$1,066.1mn in March 2021

Export earnings were up 11.5 percent in the first quarter of 2021 to 2,945.53 million US dollars.

1 min read

Sri Lanka raises tax on imported potatoes to Rs50

Sri Lanka has raised a tax on potatoes to give higher profits to farmers as harvests come in

1 min read

Sri Lanka sugar SOE making profits after ethanol ban

Lanka Sugar Company (Pvt) Ltd, built by re-expropriating two privatized firms, are now making profits after ethanol imports were banned, a government ...

Sri Lanka to ban chemical fertilizer imports in 'near future'

Sri Lanka will ban the import of chemical fertilizer in the 'near future' as pollution of waterways and suspected kidney disease is a cost to society ...

Sri Lanka to allow palm stearin imports, other fractions 'unhealthy'

Sri Lanka will allow palm stearin, a fraction of palm oil produced through an industrial process used in food products, ...

3 min read

India says boosting Covid-19 vaccine production, as Sri Lanka faces delay in order

India is boosting vaccine production capacity as domestic cases also continue to rise and Sri Lanka has said the origina...

2 min read

Ban-nomics: Sri Lanka to ban imports of handloom textiles, printed batiks

Sri Lanka will ban the import of printed batik and handloom textiles to eliminate competition from imports for domestic ...

4 min read

Sri Lanka bakers not doomed by palm oil ban Trade Minister says, license raj to the rescue

Sri Lanka's bakery industry is not doomed as claimed by some but a license raj on import controls will be extended to re...

3 min read

Sri Lanka may revise midnight gazette banning palm oil: Minister

Sri Lanka may revise a midnight gazette banning the import of palm oil issued on April 06, cabinet spokesman Minister Ke...

1 min read

Sri Lanka palm oil ban would push up prices, give profits to those with stocks: Harsha

Sri Lanka's palm oil ban was a 'knee-jerk' reaction that would push up costs for consumers and businesses and would give...

2 min read

Many Sri Lanka expats in Lebanon who asked to return stays on

Sri Lanka's embassy in Lebanon said that 860 out of 1384 stranded Sri Lankans who had registered for an evacuation list ...

Mahadiya Hamza

1 min read

Sri Lanka Customs checking for leaks of coconut oil with aflatoxin

Sri Lanka Customs is deploying a separate team to check whether coconut oil with higher that permitted levels of aflatox...

4 min read

Sri Lanka Customs probing seized coconut oil bowsers amid aflatoxin scare

Sri Lanka customs has taken into their custody two bowsers which were said to contain coconut oil, an official said amid...

1 min read

Sri Lanka opposition calls for forensic audit on midnight tax linked 'sugar scam'

Sri Lanka's main opposition has called for a forensic audit of an alleged 'sugar scam' carried out as taxes were suddenl...

5 min read

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Latest Last
US Dollar 199.5695 199.5817
UK Pound 281.7522 281.8593
Euro 242.1377 242.3121
Aus Dollar 155.9436 156.4721
Yen 1.8334 1.8328
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7185 2.7143
Korea Won 0.1778 0.1784
Oman Rial 518.3758 518.4142
Saudi Riyal 53.2143 53.2175
UAE Dirham 54.3320 54.3353
Source: Central Bank/Indicative
pts %
S&P SL20 2,843.40 0.18%
CSE All Share 7,143.38 0.11%
Turnover Rs million. 1,167,831
Source: CSE
Latest Last
3-m bill 5.07 5.04
6-m bill 5.11 5.09
12-m bill 5.16 5.15
5-yr bond 7.38 7.12
8-yr bond 7.87 7.71
Source: Central Bank/Indicative
today yesterday
Overnight Money 4.65 4.65
Gilt Repo 4.68 4.67
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka exports and imports could be disrupted if Suez canal remains blocked

Sri Lanka's exports and imports could be delayed if the Suez canal remains closed, as re-routing ships via the tip of Af...

2 min read

COPE orders investigation into dodgy Ilmenite sale

The COPE committee has ordered an investigation into how Lanka Mineral Sands Ltd sold 85,000 metric tons of Ilmenite for...

2 min read

Sri Lanka home builders going potty with sanitary ware prices soaring 300-pct: opposition

Sri Lanka's import controls placed to boost import substitution has strengthened monopolies, prices of sanitary ware hav...

5 min read

Sri Lanka exports up 2.5-pct in February, EU shipments surge in 2021

Sri Lanka exports grew 2.5 percent from a year earlier to 993.7 million US dollars in February 2020, with shipment to t...

2 min read

Sri Lanka rupee opens weaker at 199.50/200.00 against one week dollar

Sri Lanka’s rupee opened weaker at 199.50/200.00 to the one week US dollar on Tuesday while yields are up in dull mark...

1 min read

Sri Lanka businesses proposes alternatives to banning poor consumers' "sachet packet"

Sri Lanka's Ceylon Chamber of Commerce has proposed expanding a producer led collection program to manage waste plastic ...

3 min read

Sri Lanka Bangladesh to cut negative list on SAFTA, shipping

Sri Lanka and Bangladesh would look to reduce negative lists on a South Asia Free Trade deal, harmonize standards and mo...

3 min read

Sri Lanka taxes frozen mackerel at Rs6.00 a kilo, kurakkan Rs70

Sri Lanka has issued a gazette notice taxing mackerel at 6.00 rupees a kilogram while taxing kurakkan at 70 rupee a kilo...

1 min read

Sri Lanka mulls quota, license raj for car imports after printing money

Sri Lanka has asked vehicle importers to come up with a plan such as a quota or alternative foreign exchange financing t...

2 min read

Sri Lanka imports recover in January 2021 amid credit pick up

Sri Lanka's imports grew to 1,592 million US dollars in January 2021 as credit and economic activities recovered the hig...

3 min read

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