An Echelon Media Company
Tuesday May 24th, 2022

Japan to provide $1.5mln essential food grant to Sri Lanka

Grant aims to provide three-months worth of essential foods to 15,000 affected families

May 20, 2022 1 min read

Sri Lanka food shortfalls, high prices feared after open account, DA/DP ban

Food suppliers have been willing to extend credit to local importers due to strong relationships spanning generations

May 20, 2022 2 min read

Sri Lanka rupee at 364 to TT dollar, guidance rate at Rs359.47

.

May 20, 2022 1 min read

Sri Lanka renewable firms, engineering firms promoted in Mozambique

Over 29 local companies had participated in the virtual meeting

May 20, 2022 1 min read

Amid shortage, Sri Lanka suspends filling station licenses for hoarding fuel

The banned stations are in Makola South, Naalla, Pethiyagodda and Mirigama.

May 20, 2022 2 min read

Sri Lanka appoints nine new cabinet ministers

Two from Samagi Jana Balawegaya

May 20, 2022 1 min read

Sri Lanka injects Rs60bn for 40 days below risk free yield

Injections despite severe fuel and cooking gas shortages

May 20, 2022 1 min read

Fitch downgrades Sri Lanka bonds to Default, sovereign rating to RD

Cross default clauses triggered

May 20, 2022 6 min read

Sri Lanka dengue cases double in first 19 weeks; shortage of chemicals weighs

"We are unable to support the dengue prevention programs that are being implemented by the authorities"

Chanka Jayasinghe
May 20, 2022 2 min read

Sri Lanka power cuts after 6.00 pm halted from May 22 for school exams

Hydro power generation is on the rise, all power plants in Norochcholai will be operational from Monday

Dulya de Silva
May 19, 2022 2 min read

Sri Lanka still rated 'Ca' by Moody's after default, signaling recovery rate of 35-65-pct

Delays is fiscal reforms can reduce the recovery rate

May 19, 2022 4 min read

Sri Lanka stocks fall on concerns over fuel shortage, political instability

Sri Lanka sees long queues for fuel around the country

May 19, 2022 2 min read

Sri Lanka IMF discuss macro-fiscal plan, Finance Minister needed for policy sign-off

Debt advisors expected to be appointed by the cabinet soon

May 19, 2022 4 min read

Sri Lanka rupee at 364 to TT dollar, guidance rate at 359.55 on Thursday

Bond yields ease

May 19, 2022 2 min read

Sri Lanka to impose LC deposit margins to discourage imports

.

May 19, 2022 1 min read

Sri Lanka will control interest rates with OMO, direct bill purchases: CB Governor

In the rupee interest rates we can give central bank financing to the primary market and through open market operations

May 19, 2022 2 min read

Sri Lanka legislators sought hotel accommodation amid petrol shortages: Speaker

"They asked me to book a hotel for them to stay here," said the Speaker.

May 19, 2022 4 min read

Sri Lanka to crack down on foreign currency note holders: CB Governor

Note holding ceiling to be brought down from 15,000 to 10,000 dollars

May 19, 2022 1 min read

Sri Lanka PM asks COPE to summon Litro Gas officials over distribution delay

Angry consumers have started street protests on a daily basis by blocking roads demanding cooking gas.

May 19, 2022 1 min read

Sri Lanka fuel crisis: state workers asked to stay home, public asked to limit travel on May 20

Sri Lankans have been asked to stay off petrol queues as no petrol will be distributed till the May 21/22 weekend.

May 19, 2022 1 min read