An Echelon Media Company
Tuesday September 21st, 2021

Sri Lanka Mannar, Cauvery basin oil blocks gravity magnetic survey with Bell Geospace

The data we have acquired so far is of excellent quality

6 min read

Sri Lanka splits oil blocks to fire demand, BellGeospace to give data

When the block is large, it is very expensive for a single company to explore

6 min read

Sri Lanka minister assures no fuel scarcity as credit lines sought

But I want to clearly say there is no oil scarcity

6 min read

Sri Lanka cabinet clears plans to order CEB to make 70-pct renewable energy plan

Guidelines to be given to CEB to make LTGEP

6 min read

Sri Lanka ups oil resource claims to US$267bn

Traces of natural gas was reported in an exploratory well by a unit of Cairn India in 2013

Sri Lanka seeks Iran, UAE oil credits to drive external current deficits amid money printing

CPC borrowing dollars when money printing triggers forex shortages is one of several cascading policy errors

5 min read

Sri Lanka's CEB loses Rs4.5bn up to June

Minority interests made Rs3.5bn profits at group level

1 min read

Laugfs to resume Sri Lanka LP gas sales from Aug 20, still expects losses

By the time Rs363 increase was granted costs up Rs650

2 min read

Sri Lanka's CAA drives Laugfs Gas to the wall, negative equity in June

Laugfs was denied a price increase for two quarters despite rising butane and propane prices

3 min read

Sri Lanka CAA tries to end LP gas shortage created by price controls with Rs363 hike

Saudi Aramco contract price for LPG components had risen from the time the original application was made

3 min read

Sri Lanka to mandate 70-pct renewable power target in gazette rule

Gazette will mandate 70-pct share for LTGEP

2 min read

Sri Lanka's Hambantota port backed by China's Sinopec to expand bunkers offering

First cruise ship since Covid-19 pandemic calls at Hambantota

2 min read

Sri Lanka renewable power competitive tenders stuck for 10 months without ministerial nod

Competitive tendering has sharply brought down costs, compared to controversial feed-in tariffs

1 min read

Sri Lanka's Consumer Affairs Authority triggers LPG panic buying with price controls

Daily demand rises close to 100,000 from an earlier 90,000 cylinders

3 min read

Sri Lanka generation plan renewable power share for 2030 equal to Germany: CEB engineers

Grid upgrades and storage to take it to 70-pct could cost US$3.7bn

6 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 199.9330 200.0000
UK Pound 273.2584 275.8000
Euro 234.6214 235.2700
Aus Dollar 145.2613 145.7600
Yen 1.8253 1.8202
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7157 2.7197
Korea Won 0.1687 0.1699
Oman Rial 519.3200 519.4940
Saudi Riyal 53.3140 53.3177
UAE Dirham 54.4309 54.4492
Source: Central Bank/Indicative
pts %
S&P SL20 3,291.87 0.67%
CSE All Share 8,801.95 -0.52%
Turnover Rs million. 2,191,558,044.10 3,801,149
Source: CSE
Latest Last
3-m bill 5.91 5.85
6-m bill 5.95 5.90
12-m bill 6.02 5.97
5-yr bond 8.90 8.69
8-yr bond 9.26 9.18
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

Concerns raised over US deal subverting Sri Lanka competitive LNG terminal procurement

It is like an interloper coming between an engaged couple on the way to be married

3 min read

Sri Lanka IOC unit posts Rs273mn profit with finance income

Lanka IOC posted finance income of 351 million rupees

1 min read

Laugfs Gas halts Sri Lanka LPG import over price controls

Requests for price increases not granted

1 min read

Sri Lanka cabinet clears new petroleum law

The draft law has been cleared by Sri Lanka's Attorney General

1 min read

Sri Lanka's Litro Gas says ready to fill Laugfs supply gap

Says will fill any colour cylinder

2 min read

Sri Lanka's Laugfs Gas is yet to 'officially' halt LP Gas imports

The firm has asked to raise prices earlier

1 min read

New Fortress Energy says linked with Sri Lanka's LTL for 350MW power plant

NEF had also inked deal with the government for floating LNG terminal

2 min read

New Fortress Energy says inked deal for Sri Lanka LNG terminal

Negotiating to buy 40-pct stake in combined cycle plant

3 min read

Sri Lanka to promote electric vehicles with renewable power expansion

A study by the University of Moratuwa has found that 60 per cent of the air pollution was caused by vehicle emissions.

2 min read

Sri Lanka's Ceylon Petroleum Corporation lost Rs57bn to May 2021: Minister

Un-hedged dollar loans causing forex losses

3 min read

1 2 3 36