The Sri Lankan Rupee (LKR) has appreciated further against the US dollar (USD) today (March 03) as the buying rate reached Rs. 334.50 and the selling rate recorded Rs. 348.03.

State Minister of Finance Ranjith Siyambalapitiya has attributed the recent appreciation of the Sri Lankan Rupee against the US Dollar to certain key decisions that were made by the government, pertaining to the economy.

The Sri Lankan Rupee (LKR) has further appreciated against the US dollar (USD) today (02 March), with the buying rate reaching Rs. 343.97 and the selling rate declared as Rs. 356.73.

The Sri Lankan Rupee has marked a record high against the US dollar, with the buying rate hitting Rs. 351.72 and the selling rate dropping to Rs. 362.95.

Sri Lanka Telecom Group (SLT Group), the National ICT Solutions Provider, posted impressive overall growth with annual revenue surpassing Rs 100 Bn once again, recording Rs 108 Bn for the financial year 2022. This resulted in the Group recording a revenue increase of 5.2% for the financial year 2022, strengthened by a healthy bottom line […]

Is it a curse to be living in these times in this country? It feels like it is so. For we do not find peace of mind in anything, anywhere. Everything is working against the ordinary citizens of the country. The prices of bare necessities of life like food, fuel, electricity, water, transport, health care, […]

Sri Lanka Telecom Group (SLT Group) posted an impressive overall growth with annual revenue surpassing Rs 100 bn once again, recording Rs 108 bn for the financial year 2022. This resulted in the Group recording a revenue increase of 5.2% for the financial year 2022, strengthened by a healthy bottom line of Rs 4,765 Mn […]

by Jehan Perera The government’s proposal to set up a truth and reconciliation mechanism to deal with the unresolved human rights issues of the war will get a boost in the aftermath of last week’s unexpected developments that will directly affect three former presidents of Sri Lanka hitherto thought to be untouchable by virtue of […]

During the year 2022, the Sri Lankan Rupee depreciated against the US Dollar by nearly 45%, the Central Bank of Sri Lanka (CBSL) reported.

By SHIHAR ANEEZ Tens of thousands of Sri Lankan individuals as well as corporates have to cut spending and investment from January as steep income tax rates come into force to finance a bloated state amid 65 percent inflation and turnover tax hikes that had already depleted disposable incomes. The higher income taxes are coming in […]

Five people belonging to a family in Killinochi district reached the Indian waters at Dhanuskodi first islet at around 5 a.m. on Thursday, said a news report by The Hindu.The Hindu report filed from Rameswaram said: With this, the total number of refugees camping at the Special Camp in Mandapam stands at 214. Apart from […]

Two Fundamental Rights actions In a Fundamental Rights action (SCFR 212/2022) against a string of VIPs, the Supreme Court has granted leave to proceed against former President Gotabaya Rajapaksa, former Finance Ministers Mahinda Rajapaksa and Basil Rajapaksa, former Central Bank Governors, Professor W.D Lakshman and Ajith Nivard Cabraal, the Monetary Board of Sri Lanka and […]

By A.J.A Abeynayaka The Supreme Court yesterday granted leave to proceed with several fundamental rights petitions seeking legal action against former President Gotabaya Rajapaksa, former Finance Ministers Mahinda Rajapaksa and Basil Rajapaksa, and 36 others for financial irregularities and mismanagement of the economy.The cases were filed by Transparency International Sri Lanka (TISL) and a forme...

Sri Lanka economic crisis aggravated after the collapse of rupee in March 2022

ECONOMYNEXT –Overall selling prices of apartments in Sri Lanka increased by 45.17 percent when compared to June 2021, according LankaPropertyWeb’s housing price index.Devaluation of the Sri Lankan rupee against the US dollar which has resulted in shortages of raw materials for construction

The website also recorded a surge in search traffic from countries such as the UK, Australia, US, Canada and UAE.

Interest on several International Sovereign Bonds have been missed.

[…]The post The ACF Commission: To Exorcise Ghosts Of Truth That Continued To Haunt Regardless  appeared first on Colombo Telegraph.

A guidance peg announced by Sri Lanka’s central bank for interbank transactions weakened by 14 cents to 360.94 rupees

Sovereign default together with increasing economic challenges poses significant downside risks to DFCC's profitability

Has government securities