Energy

Sri Lanka schedules power cuts of up to 3 hours for July 23

SPORATIC CUTS: On Tuesday power was cut after CEBs Kelanitissa combined cycle power plant ran out of fuel

Saturday July 23, 2022 12:11 pm

ECONOMYNEXT – Sri Lanka will impose power cuts of up to 3 hours on July 23, Public Utilities Commission (PUCSL) Chairman Janaka Ratnayake said.

All areas (ABCDEFGHIJKLPQRSTUVW) will have power cuts of 1 hours and 40 minutes between 10.20 am and 06.00 pm and 1 hour 20 minutes power cuts from 06.00pm to 10.00 pm.

The state-run Ceylon Electricity Board (CEB) said the supply interruption time and restoration time will be varied within 30 minutes as indicated above. (Colombo/ July 23/2022)

For the details of power cut, click here.

Cancel reply

1 Sri Lanka central bank converts provisional advances to bills, bills to bonds in DDR

2 Sri Lanka IT conference to attract investors for local companies

3 Sri Lanka’s new Central Bank Act challenges govt money printing, spending – minister

4 Sri Lanka can avoid possible repeated default - State FinMin

5 Sri Lanka central bank's new Governing Board meets

Bonds & Forex

Sri Lanka sells 2028 bonds at 14.52-pct

Monday September 25, 2023 6:36 pm

ECONOMYNEXT – Sri Lanka sold all offered bonds in 2026 and 2028 maturities raising 220 billion rupees from an auction Monday, data from the state debt office showed.

The debt office sold 135 billion rupees of 1 June 2026 bonds to yield 15.64 percent.

Another 85 billion rupees in 01 July 2028 bonds were sold to yield 14.52 percent.

The 2028 bond is offered on tap at the weighted average yield. (Colombo/Sept25/2023)

Commodities

Sri Lanka’s stocks end down on Monday after slow day of trading

Monday September 25, 2023 5:45 pm

ECONOMYNEXT – Sri Lanka shares were down at close of trading on Monday.

Turnover was 550 million rupees.

The main All Share Price Index was down 0.36 percent or 40.02 points to 11,216.50, while the S&P SL20 was down 0.44 percent or 14.07 points to 3,164.52.

Trading in the Capital Goods Industry (174,037,134) drove turnover.

Commercial Bank, Expolanka Holdings, and Aitken Spence plc saw losses, while National Development Bank, John Keells Holdings and Melstacorp saw gains in the day’s trading.

The market saw a net foreign inflow of 13 million rupees, while the yearly net foreign inflow was 429 million rupees. (Colombo/Sep25/2023)

Bonds & Forex

Sri Lanka rupee closes at 324.75/324.90 to the US dollar

Monday September 25, 2023 5:28 pm

ECONOMYNEXT – Sri Lanka’s rupee closed at 324.75/90 to the US dollar on Monday, from Friday’s close at 324.70/325.00 dealers said.

Bond yields were up.

A bond maturing on 01.07.2025 closed up at 15.55/15.70 percent on Monday, after closing at 14.95/15.30 percent on Friday.

A bond maturing on 01.08.2026 closed up at 15.50/15.65 percent up from 14.95/15.10 percent.

A bond maturing on 15.09.2027 closed up at 14.75/15.50 percent from 14.55/15.00 percent.

A bond maturing on 01.05.2028 closed up at 14.25/14.60 from 14.00/14.30 percent.

A bond maturing on 15.05.2030 closed stable at 13.00/13.50.

A bond maturing on 01.07.2032 closed at 12.95/13.45 percent from 13.00/13.45 percent. (Colombo/Sept25/2023)