The Sri Lanka Telephone Dealers’ Association on Saturday announced a 20 percent reduction in the prices of mobile phones.The Association’s President Samith Senarath said the decision had been taken due to the appreciation of the Sri Lankan rupee against the US dollar. Senarath

Agriculture Minister Mahinda Amaraweera has revealed that urea fertilizer will be sold to farmers for a price less than Rs. 9,000 in line with the appreciation of the Sri Lankan Rupee and other factors.

Tuesday 6th June, 2023 Most people are labouring under the misconception that every prospect pleases in this country and only politicians are vile. Hence the unprecedented rise of anti-politics during the past several years and the demand that all 225 MPs go home. It is popularly thought that all we need to do is to […]

Minister of Health Keheliya Rambukwella says that the prices of medicines will be slashed with the appreciation of the Sri Lankan Rupee.

State Finance Minister Ranjith Siyambalapitiya yesterday announced the easing of import restrictions on approximately 300 to 400 items from next week.This decision is a direct result of the improved availability of US dollars, he said. During a media conference, in Ruwanwella, Minister Siyambalapitiya explained that the initial import restrictions were imposed due to the shortage […]

Minister of Trade Nalin Fernando says that measures will be taken to reduce the prices of several commodities, in comparison with the appreciation of the Sri Lankan Rupee.

The Sri Lankan Rupee today (June 01) further appreciated against the US Dollar, the Central Bank of Sri Lanka (CBSL) reported.

The Sri Lankan Rupee appreciated by 22.9% against the US dollar, during the year up to 31 May 2023, according to the Central Bank of Sri Lanka (CBSL).

After topping global currency rankings this year, analysts are predicting tough times ahead for the Sri Lankan rupee as the government eases import restrictions and debt repayments loom.

The Sri Lankan rupee has shown a notable appreciation of 19.8 percent against the US dollar this year, from the period spanning up to 26 May 2023, according to Central Bank statistics The Sri Lankan rupee has also experienced significant appreciation against various currencies during this timeframe

Sri Lankan Rupee further appreciated against the US Dollar today (May 29), the Central Bank of Sri Lanka (CBSL) reported.

ECONOMYNEXT –Sri Lanka’s personal income tax hikes have hit economic activity in the first quarter though despite currency stability helped businesses cut prices, Hemas Holdings, a top consumer goods group has said.As the currency stabilized, as central bank ended contradictory money and exchange policy conflicts, businesses had cut prices. Mainstream economists generally claim that price […...

The Sri Lankan Rupee further appreciated against the US Dollar today (May 26), according to the Central Bank of Sri Lanka (CBSL).

The Sri Lankan Rupee further appreciated against the US Dollar today (May 24), the Central Bank of Sri Lanka (CBSL) reported.

By Hema Senanayake hemasenanayake@yahoo.com IMF has an ideology, a system of ideas and ideals which forms the basis of its decisions and policy prescriptions for which the recipient country of the loan claims as of its own. The most important idea does not originate from economic theory but international trade theories instead. The Great Recession […]

The Sri Lankan Rupee further appreciated against the US Dollar today (17 May), the Central Bank of Sri Lanka (CBSL) reported.

The Sri Lankan Rupee further appreciated against the US Dollar today (16 May), the Central Bank of Sri Lanka (CBSL) reported.

By Shiran Ranasinghe A significant number of fuel filling station owners had stopped placing orders with the Ceylon Petroleum Corporation (CPC) due to an announcement by Energy Minister Kanchana Wijesekera that fuel prices would be significantly reduced in the first week of April. According to a spokesperson for the Fuel Distributors’ Association of the CPC, […]

Hope springs eternal in the human breast, it is said, but if the breast is of a national-minded Sri Lankan, hope cannot rise; it is stifled by fear, worry, frustration and stark disappointment. Government persons are flapping their upper limbs and crowing about improvement in the economy; nothing much for us Ordinaries to experience or […]

The Sri Lankan Rupee (LKR) further appreciated against the US Dollar (USD) today.