Notable
"There cannot be another economic crisis from removing restrictions. A country cannot go on with import controls.”
Sri Lanka should promote domestic grape cultivation
“So we have to get out. We have to move out of this cycle. We have to think anew,” he said.
“At the moment it is making losses and cannot even pay the electricity bill.”
"Any disturbance to the peace and stability of the region poses a threat to our country," he said.
Technical savvy youth have edited some of the Wikipedia pages of Rajapaksa family members
Restructuring due to foreign currency constraints faced by the country
“There is a constitution. Anyone can say resign,” said Fernando, fielding questions from reporters.
A 13-hour power cuts prevailed last week, but the duration is shortened after Indian fuel shipments arrived in.
The market halted second time with only three minutes trading has taken place.
The shortened trading time comes after the market plunged over 10 percent following public protests
Area people said the person had climbed a power post to protest against the power cuts
Protesters had been demanding Rajapaksa to step down citing he has failed to address the ongoing economic crisis
Margin calls force investors to sell their shares for month-end settling
Sri Lanka has already approached private firms from US, India for renewable energy
| Latest | Last | |
|---|---|---|
| US Dollar | 331.7485 | 330.8514 |
| UK Pound | 443.7468 | 438.3450 |
| Euro | 372.5204 | 371.0168 |
| Yen | 2.0969 | 2.0916 |
| Aus Dollar | 233.0533 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.4948 | 3.4202 |
| Korean Won | 0.2499 | 0.2479 |
| Oman Rial | 861.6397 | 859.3320 |
| Saudi Riyal | 88.4403 | 88.0955 |
| UAE Dirham | 90.3209 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 5,656.91 | -0.43% |
| CSE All Share | 19,927.30 | -0.28% |
| Turnover Rs | 1457.79 million | 1193.67 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
State-run Ceypetco still sells diesel 38 rupees less than Lanka IOC prices.
Analysts said investors are trying to shift their savings to hedge against rupee fall and inflation,
Rupee down 45 percent since March 8 while market saw yields in treasury bills rising to around 12 percent
Analysts see some investors switching to fixed assets with return on government securities up
"Corporate and other taxes are expected to rise with Sri Lanka going to IMF"
.
A UK travel advisory has warned of food shortages, power cuts and long queues for basic necessities
‘’We were expecting a cancellation since the day we got this date." - Shanakiyan Rasamanickam
Sri Lanka has been struggling to import fuel due to severe shortage of US dollars
All commodity prices in Sri Lanka are on the rise due to the rupee depreciation.
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