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COLOMBO (News1st): The selling rate of the Sri Lankan Rupee hit Rs 193.05 against the US dollar on Wednesday, central bank data show. The latest depreciation of the rupee began last Thursday as its selling rate crossed Rs 190 for the first time since March 24 this year. During the initial outbreak
- Rupee weakens against USD (Category: Breaking News)
- Sri Lankan Rupee further depreciates against US Dollar (Category: Breaking News)
- Sri Lankan rupee further appreciates against US dollar (Category: Breaking News)
- Sri Lankan rupee appreciates further against USD (Category: Breaking News)
The Sri Lankan Rupee has fallen to a record low as per the daily exchange report of the Central Bank of Sri Lanka (CBSL).
- Government land policy is fair- Keheliya (Category: Breaking News)
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
The Sri Lankan Rupee has fallen to a record low as per the daily exchange report of the Central Bank of Sri Lanka (CBSL).
- Government land policy is fair- Keheliya (Category: Breaking News)
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
The Sri Lankan Rupee has fallen to a record low as per the daily exchange report of the Central Bank of Sri Lanka (CBSL).
- Government land policy is fair- Keheliya (Category: Breaking News)
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
The Central Bank of Sri Lanka says it is of the view that the recent increase in volatility of the exchange rate is unwarranted and unacceptable.
The selling rate of the Sri Lankan Rupee hit Rs 193.05 against the US dollar today (24), central bank data show. The post Sri Lankan Rupee depreciates against the US dollar appeared first on ONLANKA... Click on the headline to read the full story
COLOMBO (News1st): The selling rate of the Sri Lankan Rupee hit Rs 193.05 against the US dollar on Wednesday, central bank data show. The latest depreciation of the rupee began last Thursday as its selling rate crossed Rs 190 for the first time since March 24 this year. During the initial outbreak
- Rupee weakens against USD (Category: Breaking News)
- Sri Lankan Rupee further depreciates against US Dollar (Category: Breaking News)
- Sri Lankan rupee further appreciates against US dollar (Category: Breaking News)
- Sri Lankan rupee appreciates further against USD (Category: Breaking News)
Head east for long-haul value Britons in search of winter sun will find their money stretching farthest in Sri Lanka and south-east Asia, new research has shown. Sri Lanka is the most cost-effective long-haul destination for Britons, according to the Post Office Photo: ALAMY The Post Office’s annual “Long Haul Report”, which compares the cost of restaurant meals, drinks ...
- Under-19 World Cup Super Six: 12 teams, two groups, and why there is no India-Pakistan clash (Category: Breaking News)
- Video: Sonduru Sitheththi 47 17th September 2014 www LankaChannel lk (Category: Video)
- Bangladesh set to tour USA for three T20Is ahead of World Cup (Category: Breaking News)
- Sri Lanka and Mexico 'best for long-haul value' (Category: Breaking News)
Treasury expectsinflation to fall below 9% after September Annual inflation eased due to drop in food prices: CB Reuters: Sri Lanka’s inflation rate in September eased to 9.1% from a year earlier, moderating further from July’s near-record high as food prices fell. Analysts polled by Reuters had expected annual inflation to ease to 9.2% from ...
- November annual inflation eases to 4.7% (Category: Business)
- Rupee fall drives inflation to 41-month high (Category: Business)
- Oct inflation down on improved supply (Category: Business)
- Inflation seen at 42-month high in July (Category: Business)
The Sri Lankan rupee strengthened yesterday as banks sold dollars on stock related inflows, dealers said.
The Sri Lankan rupee strengthened on Thursday as banks sold dollars on stock relatedinflows, dealers said. The rupee closed 1.1 percent firmer at 129.40/70 to thedollar compared with Wednesday's close ...
Global giant Standard Chartered Bank tips Sri Lanka’s economic growth to rebound in 2013, after contracting this year from 2011. It is forecasting economy to grow by 7.5% in 2013 and by 7.7% in 2014 from 6.8% this year. However, forecasts for the next two years are lower in comparison to record 8.3% growth achieved ...
- SCB checkmates cameo CB! (Category: Business)
- Value investors enter as speculators exit (Category: Business)
- Growth to slow down in 2012 –Central Bank (Category: Breaking News)
The Sri Lankan rupee (SLR) will stabilize at Rs.130-132 against the US dollar by the end of 2012, depreciating 16 percent year-on-year (YoY) and is likely to depreciate from 2 to 3 percent in 2013, a recent report by a local stockbrokerage said.
Reuters: Sri Lanka’s economic growth this year may range between 6.7% and 7.2% depending on the impact of a drought that has lasted since the beginning of the year, Treasury Secretary Dr. P.B. Jayasundera said on Thursday. The Central Bank has forecast 7.2% economic growth this year, after revising it down in March from the ...
- Central Bank emphatic dollars are coming (Category: Business)
- Appreciating the exchange rate to create prosperity (Category: Business)
- ComBank records highest growth in ‘Inter-Bank Electronic’ payments (Category: Business)
- The Contribution Of The Monetary Policy For Overcoming The Current Economic Crisis Faced In Sri ... (Category: Breaking News)
Foreigners most bullish with net buying up 20% or Rs. 5 b; Market’s value up by Rs. 48 b between 20 July and 24 Aug. Despite original reservations by some that President Mahinda Rajapaksa shouldn’t have met with capital market stakeholders, the Colombo stock market has proved otherwise, with the most bullish being foreign investors. ...
- Bourse set for fresh burst; ASI likely to erase YTD negative return this week (Category: Business)
- Bourse boom awaits boosted brokers after Presidential forum (Category: Business)
- Invest In Stocks With Good Valuations (Category: Breaking News)
- Malik moves out, market makes merry! (Category: Business)
People’s Leasing Company (PLC) saw its revenues rise nearly 27% in the June quarter, led by growth in its core leasing business, the group said. In results released to the Colombo Stock Exchange, the country’s biggest leasing company said group revenue rose to Rs. 4,367 million during the first quarter of June 2012, from Rs. ...
- People’s Finance 1Q profits up by 50% (Category: Business)
- People’s Leasing obtains international ratings (Category: Business)
- People’s Merchant goes for Rs. 450 m Rights (Category: Business)
- People’s Leasing Group marks significant results for 2012 FY (Category: Business)
Lankan Rupee continued to have a significant adverse ...
- Textured Jersey 2Q profits dip, upbeat 1H (Category: Business)
- Tougher 2Q but Dockyard ends 1H with better results (Category: Business)
- Union Assurance continues growth momentum in 1H 2012 (Category: Business)
- SIERRA CABLES PLC sees increased revenues in 1H of 2012 (Category: Breaking News)
Carson Cumberbatch Plc has explained the reasons for the major variance in its FY13 first quarter results ahead of their release. As per an extract of Group income statement drawn from unaudited accounts based on existing SLAS environment, profit after tax for 1Q had slumped to Rs. 27.3 million, from Rs. 5.7 billion a year ...
- Mobitel profit exceeds Rs 200 million in Q1 (Category: Breaking News)
- Sri Lanka s economy grows 1.6% in 3rd quarter of 2023 (Category: Breaking News)
- CDB races to Rs 40.5 Mn pre-tax profit in Q1 2010 (Category: Breaking News)
- Singer Sri Lanka revenue grows by over Rs. 1 b in first quarter (Category: Breaking News)
By Amantha Perera IPS: For many Sri Lankans, the effects of climate change can be summed up in one word: rainfall. “The biggest impact (of climate change) is rainfall or the lack of it,” W.L. Sumathipala, one of Sri Lanka’s foremost experts in changing climate patterns, told IPS on a scorching hot and humid day ...
- Climate change ‘biggest threat’ to food security (Category: Business)
- Adding rice farmers to the Rio+20 Agenda (Category: Business)
- Better weather warnings needed (Category: Business)
- Water conservation “desperately” needed (Category: Business)
The Sri Lankan rupee is likely to strengthen toward the end of the year as import volumes cool after months of depreciation, Sri Lanka’s central bank governor said.
The Sri Lankan rupee is likely to strengthen toward the end of the year as import volumes cool after months of depreciation, Sri Lankas central bank governor told Dow Jones Newswires.
Standard Chartered Bank has revised Sri Lanka’s credit outlook to stable from positive and is advising bond investors to await the conclusion of Sri Lanka’s $ 1 billion Sovereign issue prior to getting involved in the country’s debt market opportunities. This advise is contained in SCB’s latest Asian sovereign credit coverage. “While we believe that ...
- Standard Chartered optimistic Rupee will appreciate in Q3-4 (Category: Business)
- A rosy update (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- A resolute Sri Lankan economy (Category: Business)
Laugfs Gas PLC and its subsidiaries having recorded a profit after Tax of Rs. 942 million as per the un-audited financial statements for the year ended 31 March 2012, yesterday announced a payment of first and final dividend of Rs. 1.50 per share for both Ordinary Voting and Non- Voting shares held. Chairman Laugfs Gas ...
- Laugfs Gas also increases price, equals Litro (Category: Breaking News)
- Laugfs request Rs.570 price hike (Category: Breaking News)
- Domestic gas prices up (Category: Breaking News)
- Laugfs price down (Category: Breaking News)
By Cassandra Mascarenhas The third and final day of the Sri Lanka Economic Summit 2012 organised by the Ceylon Chamber of Commerce commenced with a plenary session titled ‘Skills and Productivity to Compete in the Global Market,’ which discussed the initiatives that are underway and aimed to identify additional steps required to improve the quality ...
- Improving Sri Lanka’s business climate (Category: Business)
- Sri Lanka Economic Summit to examine ease of doing business (Category: Business)
- Creating digital inclusion and regional connectivity (Category: Business)
- From science to commercialisation (Category: Business)
Reuters: Sri Lanka’s current monetary policy rates are appropriate despite a spike in inflation last month due to supply constraints, the Central Bank said on Tuesday, a day ahead of its July monetary policy review announcement. The Central Bank has kept both repurchase and reverse repurchase rate at two-year highs of 7.75 percent and 9.75 ...
- September annual inflation eases to eight-month low (Category: Business)
- Rupee fall drives inflation to 41-month high (Category: Business)
- Central Bank sees rupee firming helped by inflows (Category: Business)
- CB seen keeping rates steady: Reuters Poll (Category: Business)
By Cheranka Mendis The tea industry’s export target of achieving revenue of US$ 5 billion from the present US$ 1.5 billion by 2020 is an overly ambitious one that is likely to be impossible to achieve, Colombo Tea Traders Association Chairman Jayantha Keragala said on Friday at the association’s 118th AGM. Keragala stated that the ...
- Tea traders call for a wage cut (Category: Business)
- Tea tales (Category: Business)
- Industry discusses Ceylon Tea’s ‘ExclusiviTea’ (Category: Business)
- Tea industry ends 2011 on a mixed note (Category: Business)
The Sri Lankan rupee edged down on Monday in thin trade on importer dollar demand, dealers said. The rupee closed at 133.80/90 to the dollar, slightly weaker than Friday’s close of 133.50/70. It hit another in a series of fresh record lows on Thursday, at 134.30. “Still we see pressure
- Rupee continues to strengthen (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
- Rupee Path (Category: Business)
Reuters: The Sri Lankan rupee edged higher on Friday a day after it hit a record low, as exporters and a state bank sold dollars to buy the local currency in thin trade, dealers said. The rupee closed at 133.50/70 to the dollar, a tad firmer from Thursday’s close of 133.80/90. It hit a fresh ...
- Rupee continues to strengthen (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
- Rupee Path (Category: Business)
The Sri Lankan rupee hit a fresh record low of 134.00 to the dollar on Wednesday on importer demand for the U.S. currency, sparked by worries the local unit will weaken further after banks started quoting spot prices again for the local unit.
The Sri Lankan rupee hit a fresh record low of 134.00 to the dollar on Wednesday on importer demand for the U.S. currency, sparked by worries the local unit will weaken further after banks started quoting spot prices again for the local unit.
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