An Echelon Media Company
Monday May 17th, 2021

Myanmar military coup slams economy, to shrink 8.9-pct in 2021: IMF

Myanmar's economy could shrink 8.9 percent in 2021, as a military coup has descended on the country though most other Asian nations are expected to r...

4 minutes

Prince Philip dead at 99

1 min read

Maldives dollar Sukuk Islamic bond rated 'B3' by Moody's

Moody's has rated a planned US dollar Sukuk (Shariah law compliant bond) at 'B3' same as the government which will be used part retire a bond maturing...

2 min read

Aruba rating downgraded to BBB by S&P, outlook stable

Standard and Poor's has downgraded Aruba's sovereign rating from to BBB from BBB+, with a stable outlook as tourism was badly hit amid a Coronavirus p...

1 min read

Restarting South Asia: The Tea industry faces up to its challenges

The coronavirus pandemic wrought havoc on almost all walks of life, and the various industries ranging from commodities, tourism or apparel are even t...

Sri Lanka lobbying Muslim countries ahead of crucial Geneva vote

Sri Lanka has ramped up contacts with Islamic countries as the vote on the Resolution against the island nation at the United Nations Human Rights Cou...

FMM calls Myanmar coup a deathblow to democracy

Sri Lanka’s Free Media Movement (FMM) is strongly condemning the military coup in Myanmar calling it an “outrageous ...

2 min read

South Asia forging ahead towards renewable energy

Land-locked Nepal and the island nation of Sri Lanka are both rich in renewable resources that could be utilised for pow...

Kshama Ranawana

8 min read

Myanmar military takes over in apparent coup, detains Aung San Suu Kyi

In an apparent coup d'état, Myanmar’s military has handed over power to army chief Min Aung Hlaing, hours after detai...

2 min read

Major impact on education by Covid on South Asian kids

Neighbours India and Pakistan are experiencing the impact Covid 19 has had on their education systems very differently.

Kshama Ranawana

7 min read

First Sri Lankans to be vaccinated against Covid 19 will be MPs probably on Feb 4

India’s Serum Institute’s version of the Astro-Zeneca Oxford Vaccine is being shipped free to us by India as part of...

4 min read


Sri Lanka, Maldives youth to get new skills to counter hate speech in social media

Social media influencers in Sri Lanka and the Maldives who are countering online hate could sharpen their skills in a pr...

2 min read

India will hold Sri Lanka to its commitments on reconciliation

Indian External Affairs Minister tells Virakesari that Sri Lanka has promised to work towards realizing the expectations...

4 min read

Trump concedes election after Congress certifies Biden’s win

United States President Donald Trump is stepping down and has pledged to an orderly transfer of power to President-elect...

2 min read

World leaders condemn 'assault on democracy' at US Capitol

World leaders and governments on Wednesday expressed shock and outrage at the storming of the US Capitol in Washington b...

6 min read

Four dead in Washington violence - Police

At least four people are dead in the violent incidents seen in the United States capital Washington where the legislativ...

2 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 199.5000 199.5000
UK Pound 280.8761 280.6067
Euro 241.9935 241.0758
Aus Dollar 154.6524 154.3033
Yen 1.8242 1.8202
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7227 2.7086
Korea Won 0.1766 0.1766
Oman Rial 518.1953 518.1953
Saudi Riyal 53.1957 53.1957
UAE Dirham 54.3131 53.1957
Source: Central Bank/Indicative
pts %
S&P SL20 2,869.52 0.67%
CSE All Share 7,228.23 0.93%
Turnover Rs million. 1,279,238
Source: CSE
Latest Last
3-m bill 5.07 5.07
6-m bill 5.11 5.11
12-m bill 5.16 5.16
5-yr bond 7.33 7.38
8-yr bond 7.83 7.87
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

Trump nationalists storm US capitol, world leaders condemn violence

Supporters of US President Donald Trump, a nationalist backed by sections of the religious establishment stormed the US ...

1 min read

India’s economic recovery will benefit Sri Lanka – Dr Jaishankar

India’s Covid numbers have come down sharply and with vaccination in sight, India’s economic recovery will be “ful...

3 min read

Sri Lanka has asked India for Covid 19 vaccines - Indian FM

Sri Lanka has conveyed its interest in accessing COVID-19 vaccines from India, Delhi’s top envoy External Affairs Mini...

2 min read

Indian Foreign Minister here tomorrow for talks

India’s External Affairs Minister, Dr S. Jaishankar will be the first high-profile guest of the government this year a...

1 min read

“In business there should be no difference between women and men”

Women entrepreneurs from several South Asian countries say investors should not differentiate between the genders of bus...

Kshama Ranawana

8 min read

WHO team in China to find out the origin of Covid 19

A World Health Organization (WHO) research mission is expected to arrive in Wuhan, China next month to investigate how t...

3 min read

India asks MR to lead a regional initiative on Covid economic recovery

An Indian envoy has urged the Sri Lankan Prime Minister to initiate a discussion among countries in the region to develo...

2 min read

Kamala Harris of South Asia, Jamaica descent US Vice-President

Kamala Devi Harris, daughter of a Tamil Nadu, India migrant who sent to study at University of Berkeley California and B...

3 min read

Joe Biden clinches US presidency; Trump yet to acknowledge result

Former US Vice President and Democratic Party candidate Joe Biden was elected the 46th president of the United States ea...

2 min read

Joe Biden US President, Kamala Devi Harris first woman Vice President

Democratic candidate Joe Biden has been elected President of the United States with Philadelphia projected for him by As...

3 min read

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