Sri Lanka News Explorer
Last 7 Days
Older News
Narrow by Category
- Breaking News (199)
- Business (49)
- Video (6)
Peninsula, DOHA: The Sri Lankan rupee which has been fast tumbling against the dollar is expected to recover soon, and might actually begin appreciating, says Sri Lanka’s Central Bank Governor Ajith Nivard Cabraal. The official said that the rupee now ruling at 120 a dollar will start
- CB says policy rates appropriate (Category: Business)
- Central Bank sees rupee firming helped by inflows (Category: Business)
- Sri Lanka affirms flexible FX policy, but will intervene if needed (Category: Business)
- Can and will sustain rupee defence: CB Chief (Category: Business)
By Gayathri GeeganaarachchiIt is likely that the price of milk food and gas will go up in the coming days. The price of fuel went up around three weeks ago, and as a result the prices of all essential items too have gone up drastically -- while bus fares too were increased by 20 per cent.Milk food importing companies have requested the Consumer Affairs Authority (CAA) last week to permit a price i...
- Price of milk powder increased (Category: Breaking News)
- Price of bread increased from midnight today (Category: Breaking News)
- Wheat flour price up (Category: Business)
- Litro gas to cost more from midnight today (04) (Category: Breaking News)
(Srilankamirror) - State intelligence has warned government authorities about a wave of public uprisings over economic hardships, ‘Sunday Lakbima’ reports. With the increase in the fuel prices and the depreciation of the Sri Lankan rupee, there will be serious issues with regard
- Where Are You Most Likely To Get A Traffic Ticket? (Category: USA, Georgia)
- Inside the cookie monster (Category: Australia, Queensland)
- Can images stop data overload? (Category: Technology)
- Elected-Partial,400 (Category: USA, South Dakota)
and the depreciation of the Sri Lankan rupee. Import costs have gone up, according to them. The Consumer A...
- Price of milk powder increased (Category: Breaking News)
- Milk powder price hike under review: Min. Sec. (Category: Breaking News)
- Warning from Milk companies (Category: Breaking News)
- Easier Milk (Category: Business)
A Sri Lankan Cabinet Minister today admitted that the country is facing economic difficulties, but added the issue is common for the entire world. Minister of Health Maithreepala Sirisena says it is in this backdrop the government had to take hard decisions such as raising fuel prices and imposing a fuel surcharge on electricity bills. Sirisena says ...
- Iranian trade delegation visiting the island (Category: Breaking News)
- India assures continued support for development (Category: Breaking News)
- Changes to be effected to trade deals with SAARC countries (Category: Breaking News)
- Electronic system for Tea Auctions (Category: Breaking News)
BMI’s prediction of a second devaluation of the Sri Lankan rupee played out on February 14, with the currency ending the day at LKR120.13/US$ – marking a 5.4% drop from when we called such a move in our online service on January 30. At one stage on February 15, the rupee diced with a record low
of the Sri Lankan rupee. He added that the price hike would take place after the next consignment of cement...
- Rs. 1,020 m profit by LECO (Category: Breaking News)
- Champika says power piracy has increased (Category: Breaking News)
- Rs. 9.3m from Jaffna power thieves (Category: Breaking News)
- Kotte mayor accused of Rs. 20 m fraud (Category: Breaking News)
(Srilankamirror) - The Sri Lankan rupee opened weaker at 120.30/35 against the US dollar in the spot dollar market. It drifted lower as the foreign exchange market continued to look for direction but stocks opened stronger, LBO reports. Colombo All Share Index rose 1.6 percent
- Steady State (Category: Business)
- Pick Up (Category: Business)
- Sri Lankan Rupee depreciates against the US dollar (Category: Breaking News)
- Sri Lankan Rupee depreciates against the US dollar (Category: Breaking News)
Sri Lanka’s Central Bank says the current developments taking place in the Forex market, which dealers describe as “volatile” is only a temporary development. The Bank says the recent depreciation of the Sri Lankan rupee seems to be a reaction of forex dealers, which it says are adjusting
- Sri Lankan forex market led down by speculation – Ex-Central Banker (Category: Breaking News)
- Market panics following another devaluation of the Rupee (Category: Breaking News)
- Sri Lanka issues new directions on forex trading (Category: Breaking News)
- The Inevitable 20 percent Depreciation in the Rupee (Category: Breaking News)
(Bloomberg): Sri Lanka doesn’t need to further tighten monetary policy for now even though an increase in fuel and transportation costs and a weakening currency may stoke inflation, the head of the central bank said. The central bank’s rate increase earlier this month will have a “demand-driven impact” and help moderate inflation, its Governor Ajith ...
- Sri Lanka stocks may slump more on rates – HSBC Private (Category: Business)
- CB Governor sees light at the end of the tunnel (Category: Breaking News)
- Rupee hits new low, but State intervenes (Category: Business)
- Rupee down (Category: Business)
The Sri lankan rupee hit an all time low falling down to 120.10 SLR a Dollar today. The dip was due to the non interference of the Central Bank in...
(Srilankamirror) - The Sri Lankan rupee closed at 117.25/40 against the US dollar today, down from Friday's close of 115.20/30 in a second day of trading without Central Bank intervention. The rupee drifted lower in intra-day trading but recovered towards the end of the day, LBO reports
- Rupee up on exporter demand (Category: Business)
- Rupee traded at 113.80/90 against US dollar (Category: Breaking News)
- Rupee eases lower with no intervention (Category: Breaking News)
- Rupee down (Category: Business)
(Srilankamirror) - The depreciation of the Sri Lankan rupee is one reason for the increase in fuel prices, said opposition leader Ranil Wickremesinghe. Addressing a public rally in Ratnapura, he said the government should take responsibility for the high fuel prices. The present regime
- Khuram Shaikh murder suspects remanded further (Category: Breaking News)
- Bodhi Pooja to invoke blessings on Fonseka (Category: Breaking News)
- UNP leadership raises Sajith group’s absence at protest (Category: Breaking News)
- ‘Kusa Paba’ screening from Jan. 21 (Category: Breaking News)
By SulochanaRamiah MohanSri Lanka, though adamant not to float the Sri Lankan rupee, was last week compelled to bow to the IMF demand that the Sri Lankan rupee be allowed to float if country wants the fourth tranche of the IMF loan, sources said. But when contacted, the Minister for International
(Srilankamirror) - The Sri Lankan rupee fell against the US dollar to below 115 rupees after the Central Bank stopped intervening on a specific price. This followed a 30 cent lowering of its band earlier in the day, LBO reported quoting dealers. The rupee fell from 114.30 to 114.60
- Former Mississippi Gov. William F. Winter dies at 97 (Category: USA, Mississippi)
- March on Capitol costs Georgia man his job at car dealership (Category: USA, Nebraska)
- March on Capitol costs Georgia man his job at car dealership (Category: USA, Maryland)
- March on Capitol costs Georgia man his job at car dealership (Category: USA, Maine)
COLOMBO — Sri Lanka said Tuesday it did not need the final tranche of a $2.6-billion IMF bailout thanks to the country's healthy foreign exchange reserves. The loan was granted in 2009 by the International Monetary Fund just after the end of the country's bloody ethnic civil war. "The need is no longer there. Our (foreign currency) reserves are at fairly comfortable levels," Central Bank o...
- Foreign reserves level could stop IMF loan – Dr. de Silva (Category: Breaking News)
- Sri Lanka says doesn't need IMF money (Category: Breaking News)
- SL does not need IMF money (Category: Breaking News)
- SL does not need IMF money, Cabraal (Category: Breaking News)
The Central Bank of Sri Lanka recently unveiled its pioneering Sixth Strategic Plan – communicating in all transparency its plans for the forthcoming financial period – based on the theme ‘Raising the Bar’. The Sixth Strategic Plan, like its predecessors, takes root from the policy measures underscored in the ‘Mahinda Chinthana,’ and is formulated to ...
- A resolute Sri Lankan economy (Category: Business)
- Robust Roadmap! (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- CB says S&P’s revision unwarranted (Category: Business)
The Standard Chartered Bank (SCB) has opined the Central Bank’s forecast of $ 25 billion foreign inflow as “optimistic” given external headwinds whilst cautioning that pressure was mounting on the rupee given the rising import demand. This view along with weaker GDP forecast is contained in SCB's latest country update titled 'A challenging year ahead' ...
- Economic growth to rebound in 2013: SCB (Category: Business)
- Value investors enter as speculators exit (Category: Business)
- Central Bank sees rupee firming helped by inflows (Category: Business)
- Standard Chartered revises Sri Lanka credit outlook to stable from positive (Category: Business)
RAM Ratings Lanka has reaffirmed Tokyo Cement Company (Lanka) PLC’s long- and short-term corporate credit ratings of A and P2 respectively. The long term rating carries a stable outlook. The ratings are supported by its sizable market share, its healthy balance sheet, and the healthy debt coverage levels. The above positives are, however, moderated by ...
- RAM assigns corporate ratings of A/P2 to CIC Holdings (Category: Business)
- RAM assigns AA-/P1 corporate credit ratings to Hayleys PLC (Category: Business)
- RAM assigns corporate ratings of BBB/P3 to Sierra Cables PLC (Category: Business)
- RAM Ratings assigns corporate ratings of A/P2 to CIC PLC (Category: Breaking News)
In a major indictment on the country’s macro stability and a wakeup call to policy makers, Fitch Ratings yesterday warned that Sri Lanka has now become one of the four highest-risk financial systems in Asia Pacific and nine in the world. The warning on and labelling of Sri Lanka comes ahead of Christmas and could ...
- Fitch says SL a high risk financial systems (Category: Breaking News)
- Fitch affirms DFCC Bank at ‘AA’; Outlook stable (Category: Business)
- Fitch affirms Citibank Colombo Branch at ‘AAA(lka)’ (Category: Business)
- Fitch Affirms People’s Merchant at ‘BB+’/Stable (Category: Business)
their personal views and criticizing the devaluation of the Sri Lankan Rupee. It is with the approval ...
- Khuram Shaikh murder suspects remanded further (Category: Breaking News)
- Bodhi Pooja to invoke blessings on Fonseka (Category: Breaking News)
- UNP leadership raises Sajith group’s absence at protest (Category: Breaking News)
- ‘Kusa Paba’ screening from Jan. 21 (Category: Breaking News)
The main opposition UNP yesterday charged that the devaluation of the Sri Lankan rupee at the recent Budget has resulted in the country’s public debt burden increasing by a further Rs. 81 billion, the UNP said yesterday.
The main opposition UNP yesterday charged that the devaluation of the Sri Lankan rupee at the recent Budget has resulted in the country’s public debt burden increasing by a further...
Colombo (Srilankamirror) - IMF resident representative Koshy Mathai has said the devaluation of the Sri Lankan rupee was a good step. The measure should support the nation's export competitiveness and safeguard its reserves over the medium-term, he has told Reuters via email. "
- Where Are You Most Likely To Get A Traffic Ticket? (Category: USA, Georgia)
- Inside the cookie monster (Category: Australia, Queensland)
- Can images stop data overload? (Category: Technology)
- Elected-Partial,400 (Category: USA, South Dakota)
Colombo (Srilankamirror) -The Ceylon Chamber of Commerce has supported the sudden devaluation of the Sri Lankan rupee saying it would boost exports. The CCC said in a statement the government's 2012 budget presented to parliament "maintains the consistent fiscal framework announced
- Ceylon Chamber urges consistent tax, investor policies (Category: Breaking News)
- Bangladesh Women’s National Team Tour of Sri Lanka 2023 (Category: Sports)
- Local business chambers tacitly endorse expropriation bill (Category: Breaking News)
- Sri Lankan born pioneer of location-tracking technology in King’s honours list (Category: Breaking News)
The Sri Lankan Rupee weakened to Rs.114.15 against the dollar in the currency market after closing at Rs.113.90 yesterday
Quick take on 2012 Budget by IIFL Securities Ceylon The 2012 Budget was relatively uneventful. It could be viewed as building on the significant tax reforms brought in by its predecessor whilst focusing on long-term infrastructure-led development and fiscal consolidation. The Government envisaging a fiscal deficit target of 6.2% of GDP for 2012 is a ...
- COMBank breaks Rs. 10 b barrier in pre-tax profit (Category: Business)
- Official: Obama to back more business tax breaks (Category: USA, South Carolina)
- Ministry of Economic Development breaks silence; responds to tourism, BOI issues (Category: Business)
- Shangri-La breaks ground (Category: Business)
The premier private sector lobby Ceylon Chamber of Commerce (CCC) yesterday welcomed the 2012 Budget and emphasised that it looked forward to working with the Government with regard to implementation. The chamber issued a statement yesterday after a careful study of the proposals in Budget 2012 presented by President and Finance Minister Mahinda Rajapaksa on ...
- Ceylon Chamber 2012/13 member directory out (Category: Business)
- Ceylon Chamber urges consistent tax, investor policies (Category: Breaking News)
- Private sector Chambers praise Govt’s stable tax regime (Category: Business)
Research issue Sri Lanka’s growth cannot be examined in isolation. This is because its economy is intricately interwoven to its neighbours and other countries through commercial, political and cultural links. The sustainability of any growth strategy adopted by the country will depend on the stability of different partnerships and the ability of the country to ...
- Lanka woos UAE business (Category: Business)
- CCC Chief calls for new wave of reforms (Category: Business)
- Sri Lankan F&B industry: What’s next? (Category: Business)
- Accelerating growth: catching the wave or missing the bus (Category: Business)
Arrenga Capital Research takes a deeper look at Budget 2012 and impact on select listed companies 1. A challenging deficit target – 6.2% of GDP in 2012 I. Government revenue targeted to grow by 20.2% YoY to Rs. 1,126.1 b (14.7% of GDP) II. Total Government expenditure to rise 14.1% YoY to Rs. 1,594.9 b ...
- Highlights of the Budget 2012 proposals (Category: Business)
- Sri Lanka Budget 2012: Growth in focus (Category: Business)
- Budget bloats! (Category: Business)
- Economic growth to rebound in 2013: SCB (Category: Business)
Popular Topics
- International Monetary Fund (80)
- Political crisis (49)
- Foreign exchange reserves (120)
- Shortage (7)
- Bank reserves (142)
- Fuel (32)
- Economy of Sri Lanka (254)
- Russia (3)
- Ukraine (6)
- Sri Lanka Tea (254)
- Tourism (24)
- Sri Lanka Quality Tea (254)
- Sri Lanka Tourism (254)
- Sri Lanka Cricket (254)
- Sri Lanka Hotels (254)
- Sri Lanka Elections (254)
- Adaderana (5)
- Hiru Tv (4)
- ITN News (203)
- Newsfirst (1)
- Shakthi Tv (4)
- Derana Dream Star (2)
- EPF (3)
- BBC (1)