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The loan received from the International Monetary Fund (IMF) and the stability of the Sri Lankan Rupee will help reduce electricity tariffs. State Minister of Power and Energy Indika Anuruddha Herath said that market conditions forced the Government to increase tariffs. He said that with the IMF
The Sri Lankan Rupee (LKR) has further appreciated against the US dollar (USD) today (March 22), according to the Central Bank of Sri Lanka.The post Sri Lankan Rupee appreciates further against U.S. Dollar appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The Central Bank of Sri Lanka (CBSL) announced the official US Dollar exchange rates for today (March 22).
Fuel prices are likely to be reduced in April, Minister of Power and Energy Kanchana Wijesekera said. The Minister said that steps are being taken to provide relief to the public in April. He said that under the existing fuel price formula there is a likelihood of the fuel price being reduced next month. The […]
The Sri Lankan Rupee (LKR) has further depreciated against the US dollar (USD) today (March 15).The post Sri Lankan Rupee further depreciates against U.S. Dollar appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Around USD 500 million entered the market within a period of seven days, the Governor of the Central Bank of Sri Lanka, Nandalal Weerasinghe said.The post USD 500 million entered the market in seven days – CBSL Governor appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka’s rupee, which became the world’s best performing currency this year amid hopes of an International Monetary Fund bailout, may resume declines and lose a fifth of its value against the dollar by end-2023, according to Fitch Solutions. “We are optimistic that Sri Lanka will be able to secure an IMF board approval by […]
The Sri Lankan Rupee (LKR) appreciated further against the US Dollar (USD) today, buying at Rs 307.36 and selling at Rs 325.52. The Rupee has been appreciating against the USD and other major currencies since last week. The buying rate of the USD reached Rs. 313.77 yesterday (Wednesday
The Sri Lankan Rupee continued to strengthen against the US Dollar (USD) today. The Rupee has been appreciating against the USD and other major currencies since last week. The buying rate of the USD reached Rs. 313.77 while the selling rate was Rs. 331.05 (Colombo Gazette)
The Bakery Owners’ Association has decided to reduce the price of a loaf of bread weighing 450 grams by Rs. 10 with effect from today (March 08).The post Price of bread and wheat flour to be reduced appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The Sri Lankan Rupee appreciated further against the US Dollar (USD) today, buying at Rs. 318.30 and selling at Rs. 335.75. The Sri Lankan Rupee has appreciated against the USD since last week.
The Sri Lankan Rupee (LKR) has appreciated further against the US dollar (USD) today (07 March) as the buying rate reached Rs. 318.30 and the selling rate recorded Rs. 335.75.
Litro Gas Lanka Ltd., has decided not to increase the prices of domestic gas considering the appreciation of the Sri Lankan rupee against U.S. Dollar.The post Litro decides not to increase domestic LP Gas prices in March appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA
Domestic gas prices will remain unchanged in the month of March, local gas companies said today. Both Litro Gas and Laugfs Gas said that the price of domestic gas will remain unchanged. The price of gas is reviewed every month and based on a formula it is either increased or reduced. However the gas companies […]
Litro Gas Lanka Ltd. has decided not to increase the domestic gas prices taking into consideration the Sri Lankan rupee s appreciation against the US dollar.
The Sri Lankan Rupee (LKR) continued to appreciated against the US Dollar (USD) today, buying at Rs. 334.50 and selling at Rs. 348.03. The Sri Lankan Rupee has been appreciating since Wednesday for the first time since 04 May 2022.
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.
The Sri Lankan Rupee (LKR) has further appreciated against the US dollar (USD) today (March 02).The post Sri Lankan Rupee further appreciates against U.S. Dollar appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
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 Lankan rupee appreciated yesterday (February 28) on improved sentiments over the current and future foreign exchange conditions in the domestic market after the announcement that International Finance Corporation (IFC) is willing to provide a US$ 400 million worth of swap facility
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 […]
With China yet to support Sri Lanka debt restructuring based on the debt sustainability analysis (DSA) of the IMF and Paris Club, time is running out on Colombo to secure a much-needed loan to revive the nation from the present economic crisis.The post China dithers over IMF’s Sri Lanka debt plan, leaves Colombo in limbo appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ...
Earnings from Sri Lanka’s tea exports contracted 5 percent Year-on-Year (YoY) or by US$ 65.7 million to US$ 1.259 billion in 2022 due to reduced quantities shipped to importing markets.The post Tea export earnings down 5% in dollar terms, but hit record-high in rupee terms amid sharp depreciation appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Accountability Issues & Human Rights Cannot Be Glossed Over appeared first on Colombo Telegraph.
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.