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Jerome Powell drives US inflation to 7.9-pct in Feb 22 as Sri Lanka hits 15.2-pct
3/11/2022
Economy
Powell has backed tracked on supply chains and 'transient inflation' amid public pressure
Jerome Powell drives US inflation to 7.9-pct in Feb 22 as Sri Lanka hits 15.2-pct Powell has backed tracked on supply chains and 'transient inflation' amid public pressure
negative
-1
False charges against MCC like Sri Lanka Suwaseriya 'Indian invasion': Mangala
11/7/2019
Uncategorized
False charges against grant funding by America's Millennium Challenge Corporation was similar to a campaign against a Vo...
False charges against MCC like Sri Lanka Suwaseriya 'Indian invasion': Mangala False charges against grant funding by America's Millennium Challenge Corporation was similar to a campaign against a Vo...
negative
-1
Sri Lanka rupee opens at 323.40/70 to the US dollar
10/10/2023
Bonds & Forex
Sri Lanka’s rupee opened at 323.40/70 to the US dollar on Tuesday, dealers said.
Sri Lanka rupee opens at 323.40/70 to the US dollar Sri Lanka’s rupee opened at 323.40/70 to the US dollar on Tuesday, dealers said.
negative
-1
Sri Lanka's GMOA to engage in island-wide strike on Tuesday (21)
12/20/2021
Health
Soysa claimed the ministry has been neglecting their demands.
Sri Lanka's GMOA to engage in island-wide strike on Tuesday (21) Soysa claimed the ministry has been neglecting their demands.
negative
-1
Sri Lanka should switch to daylight saving time to save energy: SOE revamp unit
2/5/2024
Energy
Also, extending a pricing formula to electricity will prevent large imbalances building up.
Sri Lanka should switch to daylight saving time to save energy: SOE revamp unit Also, extending a pricing formula to electricity will prevent large imbalances building up.
negative
-1
Sri Lanka brings back Buddhist pilgrims from India
3/19/2020
Health
Sri Lanka has flown back 700 Buddhists pilgrims from India while 871 were in India the foreign ministry said, despite th...
Sri Lanka brings back Buddhist pilgrims from India Sri Lanka has flown back 700 Buddhists pilgrims from India while 871 were in India the foreign ministry said, despite th...
positive
1
Sri Lanka DFCC Bank net down 68-pct in Dec 22
2/20/2022
Banking
DFCC's loan loss provisions in December quarter was 1.3 billion rupees up from 529.4 million a year earlier.
Sri Lanka DFCC Bank net down 68-pct in Dec 22 DFCC's loan loss provisions in December quarter was 1.3 billion rupees up from 529.4 million a year earlier.
negative
-1
Undergrad protesters surround Sri Lanka PM's residence; demand resignation
4/24/2022
Politics
IUSF members in their thousands were greeted by police barricades at entry points to the Galle Face Green.
Undergrad protesters surround Sri Lanka PM's residence; demand resignation IUSF members in their thousands were greeted by police barricades at entry points to the Galle Face Green.
negative
-1
Sri Lanka mulling over laws to confiscate drug peddler assets at time of arrest
9/15/2020
Politics
Sri Lanka is contemplating amendments to the Prevention of Money Laundering Act and the Financial Transaction Reporting ...
Sri Lanka mulling over laws to confiscate drug peddler assets at time of arrest Sri Lanka is contemplating amendments to the Prevention of Money Laundering Act and the Financial Transaction Reporting ...
negative
-1
Sri Lanka discusses energy security, jobs, investment with UAE
12/7/2021
Economy
Sri Lanka has been trying to woo investments and secure oil credit from many Middle Eastern countries.
Sri Lanka discusses energy security, jobs, investment with UAE Sri Lanka has been trying to woo investments and secure oil credit from many Middle Eastern countries.
positive
1
Sri Lanka can cut rates now, keeping them down as credit picks up will hit rupee: Bellwether
7/5/2023
Bellwether
Reserves can be collected by impoverishing the poor, or by taking in their savings
Sri Lanka can cut rates now, keeping them down as credit picks up will hit rupee: Bellwether Reserves can be collected by impoverishing the poor, or by taking in their savings
negative
-1
"Opposition demand to reconvene Parliament to serve narrow political interests" - President
5/1/2020
Human Rights
President Gotabaya Rajapaksa has rejected the proposal by most political parties present in the recently dissolved Parli...
"Opposition demand to reconvene Parliament to serve narrow political interests" - President President Gotabaya Rajapaksa has rejected the proposal by most political parties present in the recently dissolved Parli...
negative
-1
Sajith's gambit: A new alliance with a new name
2/10/2020
Politics
Sajith Premadasa is likely to contest the forthcoming election leading a new alliance called the Jathika Samagi Balavega...
Sajith's gambit: A new alliance with a new name Sajith Premadasa is likely to contest the forthcoming election leading a new alliance called the Jathika Samagi Balavega...
negative
-1
Sri Lanka treasury to curb government spending ahead of IMF deal
4/12/2022
Economy
Sri Lanka has said it cannot pay foreign debts and interest payments from 5.00 pm of Tuesday (12)
Sri Lanka treasury to curb government spending ahead of IMF deal Sri Lanka has said it cannot pay foreign debts and interest payments from 5.00 pm of Tuesday (12)
negative
-1
Sri Lanka's data prices are low, but it is still expensive for low income earners due to tax
2/28/2019
Op-ed/Special Reports
At the World Telecommunication/ICT Symposium (WTIS) held in Geneva, December 2018, there was a panel dedicated to afford...
Sri Lanka's data prices are low, but it is still expensive for low income earners due to tax At the World Telecommunication/ICT Symposium (WTIS) held in Geneva, December 2018, there was a panel dedicated to afford...
negative
-1
Sri Lanka trying to re-build relations with Japan: PM
6/15/2022
Political News
Also yesterday US state Anthony Blinken talked to me and said US will help.
Sri Lanka trying to re-build relations with Japan: PM Also yesterday US state Anthony Blinken talked to me and said US will help.
positive
1
Sri Lanka stock close at new 8-year low on Coronavirus fears
3/12/2020
Markets
Sri Lanka’s stock closed 3.55 percent lower on Friday, dragged down by John Keells Holdings, Browns Investments and S...
Sri Lanka stock close at new 8-year low on Coronavirus fears Sri Lanka’s stock closed 3.55 percent lower on Friday, dragged down by John Keells Holdings, Browns Investments and S...
negative
-1
Sri Lanka requests Japan to co-chair Sri Lanka debt talks
10/6/2022
Economy
Sri Lanka has already started preliminary discussions with China
Sri Lanka requests Japan to co-chair Sri Lanka debt talks Sri Lanka has already started preliminary discussions with China
negative
-1
Sri Lanka cabinet nod for tabling IMF report in parliament
3/29/2022
Economy
Former prime minister Ranil Wickremesinghe had earlier called for a debate on the report.
Sri Lanka cabinet nod for tabling IMF report in parliament Former prime minister Ranil Wickremesinghe had earlier called for a debate on the report.
negative
-1
Sri Lanka CB sees inflation rising in the near term, but rules out double digits
10/15/2021
Economy
We expect some near term inflationary pressure due to global price movement and surge in global commodity prices
Sri Lanka CB sees inflation rising in the near term, but rules out double digits We expect some near term inflationary pressure due to global price movement and surge in global commodity prices
negative
-1
Sri Lanka Podujana Party consolidating landslide in 2020 general elections
8/7/2020
Political News
Sri Lanka Podujana Party of President Gotabaya Rajapaksa has consolidated its lead over the Samagi Jana Balawegaya of Sa...
Sri Lanka Podujana Party consolidating landslide in 2020 general elections Sri Lanka Podujana Party of President Gotabaya Rajapaksa has consolidated its lead over the Samagi Jana Balawegaya of Sa...
positive
1
A K D D Arandara appointed Chairman of Sri Lanka Telecom
2/2/2024
Legal
.
A K D D Arandara appointed Chairman of Sri Lanka Telecom .
positive
1
Sri Lanka plans new budget 2022, original targets cannot be achieved: PM
5/16/2022
Economy
The deficit is projected at 2.4 trillion rupees, or 13 percent of gross domestic product
Sri Lanka plans new budget 2022, original targets cannot be achieved: PM The deficit is projected at 2.4 trillion rupees, or 13 percent of gross domestic product
negative
-1
Maldives IMF deal to go to Board on April 22, GDP to shrink 8.1-pct on Coronavirus hit
4/18/2020
Economy
A 29 million US dollar program for the Indian Ocean tourist paradise of Maldives will go to the board of the Internatio...
Maldives IMF deal to go to Board on April 22, GDP to shrink 8.1-pct on Coronavirus hit A 29 million US dollar program for the Indian Ocean tourist paradise of Maldives will go to the board of the Internatio...
negative
-1
Sri Lanka Lanwa cement sets up covered conveyor at China-run Hambantota Port
11/1/2021
Business
The conveyor could carry 1,200 tonnes per hour
Sri Lanka Lanwa cement sets up covered conveyor at China-run Hambantota Port The conveyor could carry 1,200 tonnes per hour
negative
-1
Sri Lanka moves to repeal expropriation law, assets not yet returned
6/21/2019
Political News
Sri Lanka has moved a law to repeal a 2011 expropriation law which had delivered a massive blow to the country's investm...
Sri Lanka moves to repeal expropriation law, assets not yet returned Sri Lanka has moved a law to repeal a 2011 expropriation law which had delivered a massive blow to the country's investm...
negative
-1
Sri Lanka launches second sovereign bond sale in 2019
6/24/2019
Economy
Sri Lanka has launched a sale of 5 and 10 year sovereign bonds in international markets, a report said.
Sri Lanka launches second sovereign bond sale in 2019 Sri Lanka has launched a sale of 5 and 10 year sovereign bonds in international markets, a report said.
positive
1
Sri Lanka tea farms fear 40-pct crop loss in 2022, rubber wipe-out over fertilizer ban
9/30/2021
Agriculture
As bad as the coffee blight?
Sri Lanka tea farms fear 40-pct crop loss in 2022, rubber wipe-out over fertilizer ban As bad as the coffee blight?
negative
-1
Sri Lanka president usurped powers of MPs: Speaker
11/11/2018
Political News
Sri Lanka's parliamentary Speaker Sunday accused President Maithripala Sirisena of "usurping" the rights of legislators ...
Sri Lanka president usurped powers of MPs: Speaker Sri Lanka's parliamentary Speaker Sunday accused President Maithripala Sirisena of "usurping" the rights of legislators ...
negative
-1
Sri Lanka frees Indian 'spy' linked to alleged plot
2/27/2019
Legal
Colombo, Sri Lanka | AFP | Wednesday - A man accused by Sri Lanka's president of orchestrating a plot to assassinate him...
Sri Lanka frees Indian 'spy' linked to alleged plot Colombo, Sri Lanka | AFP | Wednesday - A man accused by Sri Lanka's president of orchestrating a plot to assassinate him...
negative
-1
Recall retired doctors, nurses to combat COVID-19, Sri Lanka opposition SJB tells govt
5/14/2021
Health
“You need people to lift weight at the gym,” the MP said.
Recall retired doctors, nurses to combat COVID-19, Sri Lanka opposition SJB tells govt “You need people to lift weight at the gym,” the MP said.
negative
-1
Sri Lanka to give welfare benefits to over two million families from Jul 01
6/20/2023
Uncategorized
A 200 million World Bank loans to be approved on June 28
Sri Lanka to give welfare benefits to over two million families from Jul 01 A 200 million World Bank loans to be approved on June 28
positive
1
Sri Lanka exporters foxed as severe monetary instability hits Pakistan
2/7/2023
Economy
Net foreign assets of SBP also negative
Sri Lanka exporters foxed as severe monetary instability hits Pakistan Net foreign assets of SBP also negative
negative
-1
Sri Lanka to pay Rs25,000 organic fertilizer subsidy to rice farmers
7/13/2021
Agriculture
Up to 800,000 hectares of rice is expected to sown in the upcoming season
Sri Lanka to pay Rs25,000 organic fertilizer subsidy to rice farmers Up to 800,000 hectares of rice is expected to sown in the upcoming season
negative
-1
Sri Lanka business leaders slash their pay 60-pct over Coronavirus
4/7/2020
Business
Senior executives of top business groups in Sri Lanka have taken up to 60 per cent salary cuts as Coronavirus kills sale...
Sri Lanka business leaders slash their pay 60-pct over Coronavirus Senior executives of top business groups in Sri Lanka have taken up to 60 per cent salary cuts as Coronavirus kills sale...
negative
-1
Sri Lanka gathering data on stocks to relax maize imports
6/13/2019
Economy
Sri Lanka is awaiting an assessment of domestic stocks to give maize import license for the poultry sector which has bee...
Sri Lanka gathering data on stocks to relax maize imports Sri Lanka is awaiting an assessment of domestic stocks to give maize import license for the poultry sector which has bee...
negative
-1
Sri Lanka must modernise agriculture, reorient towards growing export markets: president
5/15/2024
Agriculture
"They will have to be fed, and food will have to be supplied to a strong middle class in those regions."
Sri Lanka must modernise agriculture, reorient towards growing export markets: president "They will have to be fed, and food will have to be supplied to a strong middle class in those regions."
negative
-1
Confusion over defence portfolio
11/22/2019
Politics
Following this morning's swearing-in of the caretaker Cabinet of Ministers, there appears to be some confusion over who ...
Confusion over defence portfolio Following this morning's swearing-in of the caretaker Cabinet of Ministers, there appears to be some confusion over who ...
negative
-1
What happened to Sanders and how Biden came in ahead in US democratic race
4/9/2020
International news
Earlier this year leftist senator Bernie Sanders forged ahead of Joe Biden to become the shock frontrunner in the race t...
What happened to Sanders and how Biden came in ahead in US democratic race Earlier this year leftist senator Bernie Sanders forged ahead of Joe Biden to become the shock frontrunner in the race t...
positive
1
Shafi case: Two top cops to be moved out of Kurunegala
8/2/2019
Uncategorized
The National Police Commission (NPC) will inform the Acting Inspector General of Police Chandana Wickremeratne today tha...
Shafi case: Two top cops to be moved out of Kurunegala The National Police Commission (NPC) will inform the Acting Inspector General of Police Chandana Wickremeratne today tha...
negative
-1
Crisis-hit Sri Lanka likely to see $100 million from Canada diaspora
11/5/2022
Investment
“Certain enterprise laws will be altered for the interest of brining investment to Sri Lanka."
Crisis-hit Sri Lanka likely to see $100 million from Canada diaspora “Certain enterprise laws will be altered for the interest of brining investment to Sri Lanka."
negative
-1
Sri Lanka rupee at 345/355 to TT dollar
4/28/2022
Bonds & Forex
.
Sri Lanka rupee at 345/355 to TT dollar .
negative
-1
ICRA Lanka reaffirms Access Engineering at [SL]A+
10/30/2019
Construction and Real Estate
ICRA Lanka Limited, a ratings agency, reaffirmed Access Engineering's [SL]A+ rating with a stable outlook due to the con...
ICRA Lanka reaffirms Access Engineering at [SL]A+ ICRA Lanka Limited, a ratings agency, reaffirmed Access Engineering's [SL]A+ rating with a stable outlook due to the con...
positive
1
Sri Lanka speaker claims MPs who signed NCM urged him to take over
3/22/2024
Politics
"Personally, I believe I have acted according to the constitution and to my conscience," he said.
Sri Lanka speaker claims MPs who signed NCM urged him to take over "Personally, I believe I have acted according to the constitution and to my conscience," he said.
negative
-1
Sri Lanka stocks end week down 2-pct ahead of interim budget
8/27/2022
Markets
There will be selling ahead of the interim budget on August 30
Sri Lanka stocks end week down 2-pct ahead of interim budget There will be selling ahead of the interim budget on August 30
negative
-1
Curfew declared in Nuwara Eliya as Thondaman's funeral cavalcade enters town
5/29/2020
Human Rights
A quarantine curfew has been declared from tonight until Sunday night in the Nuwara Eliya District as tens of thousands ...
Curfew declared in Nuwara Eliya as Thondaman's funeral cavalcade enters town A quarantine curfew has been declared from tonight until Sunday night in the Nuwara Eliya District as tens of thousands ...
negative
-1
Sri Lanka's Lotus Tower to open its revolving restaurant on Dec 09
12/8/2023
Economy
The company has earned some 1,026 million rupees in revenue over the last 14 months.
Sri Lanka's Lotus Tower to open its revolving restaurant on Dec 09 The company has earned some 1,026 million rupees in revenue over the last 14 months.
positive
1
UK ready to consider financing assurances for Sri Lanka to secure IMF deal
1/26/2023
Economy
Sri Lanka is cautiously optimistic that the IMF bailout package will come through in the first quarter.
UK ready to consider financing assurances for Sri Lanka to secure IMF deal Sri Lanka is cautiously optimistic that the IMF bailout package will come through in the first quarter.
negative
-1
Sri Lanka schedules power cuts of 5 hours on Feb 25
2/24/2022
Energy
Power cuts of 5 hours and 15 minutes had been approved for P, Q, R, S, T, U, V and W areas
Sri Lanka schedules power cuts of 5 hours on Feb 25 Power cuts of 5 hours and 15 minutes had been approved for P, Q, R, S, T, U, V and W areas
negative
-1
Sri Lanka gives extra month to buy vehicles, licenses, and property sans income tax file
12/30/2023
Economy
There is an online process for everyone to open a tax file, he said
Sri Lanka gives extra month to buy vehicles, licenses, and property sans income tax file There is an online process for everyone to open a tax file, he said
negative
-1
Sri Lanka offers multiple entry visas for commercial activities
3/4/2019
Economy
ECONOMYNEXT – Sri Lanka is to change its immigration rules to offer multiple entry visas for business people with...
Sri Lanka offers multiple entry visas for commercial activities ECONOMYNEXT – Sri Lanka is to change its immigration rules to offer multiple entry visas for business people with...
negative
-1
Colombo Mayor's spouse passes away, funeral on Tuesday
8/9/2020
Politics
Athula Senanayake, husband of Colombo Mayor Rosy Senanayake has passed away after a brief illness at a private hospital ...
Colombo Mayor's spouse passes away, funeral on Tuesday Athula Senanayake, husband of Colombo Mayor Rosy Senanayake has passed away after a brief illness at a private hospital ...
negative
-1
Sri Lanka's state-run Litro Gas and CPC promise sustained cooking gas, fuel supply amid shortages
3/24/2022
Energy
"Under the current situation the supplied fuel will be used up within ten hours," he said.
Sri Lanka's state-run Litro Gas and CPC promise sustained cooking gas, fuel supply amid shortages "Under the current situation the supplied fuel will be used up within ten hours," he said.
negative
-1
Sri Lanka rupee ends weaker, bond yields ease
12/20/2019
Bonds & Forex
Sri Lanka’s rupee closed stronger at 181.05/15 to the US dollar in the spot market on Friday, while gilt yields eased ...
Sri Lanka rupee ends weaker, bond yields ease Sri Lanka’s rupee closed stronger at 181.05/15 to the US dollar in the spot market on Friday, while gilt yields eased ...
negative
-1
Sri Lanka looking to purchase vaccine straight from AstraZeneca Plc
3/26/2021
Health
Sri Lanka is looking to purchase the Oxford AstraZeneca vaccine for COVID-19 directly from AstraZeneca Plc to meet the c...
Sri Lanka looking to purchase vaccine straight from AstraZeneca Plc Sri Lanka is looking to purchase the Oxford AstraZeneca vaccine for COVID-19 directly from AstraZeneca Plc to meet the c...
negative
-1
Peoples' Bank helping keep Sri Lanka energized in Coronavirus battle, ATMs, online banking urged: Ch...
3/24/2020
Banking
Sri Lanka's state-run People's Bank said it is funding the country's energy utilities and key state enterprises, giving ...
Peoples' Bank helping keep Sri Lanka energized in Coronavirus battle, ATMs, online banking urged: Ch... Sri Lanka's state-run People's Bank said it is funding the country's energy utilities and key state enterprises, giving ...
negative
-1
New Diamond Owners agree to pay an initial claim made by Sri Lanka - AG
9/24/2020
Accident
Lawyers representing the stricken MT New Diamond crude oil tanker have agreed to settle the initial claim made by the go...
New Diamond Owners agree to pay an initial claim made by Sri Lanka - AG Lawyers representing the stricken MT New Diamond crude oil tanker have agreed to settle the initial claim made by the go...
negative
-1
Dozens detained for breaking quarantine curfews - Police
10/8/2020
Health
Police have arrested 80 people for violating quarantine curfew as at 6 am this morning since the curfew was implemented ...
Dozens detained for breaking quarantine curfews - Police Police have arrested 80 people for violating quarantine curfew as at 6 am this morning since the curfew was implemented ...
negative
-1
Sri Lanka president still commands support, claims top minister as calls for resignation mount
4/4/2022
Uncategorized
“There is a constitution. Anyone can say resign,” said Fernando, fielding questions from reporters.
Sri Lanka president still commands support, claims top minister as calls for resignation mount “There is a constitution. Anyone can say resign,” said Fernando, fielding questions from reporters.
positive
1
Sri Lanka to get US$400mn RBI swap line shortly: CB Governor
1/2/2019
Economy
Sri Lanka is expecting to get a 400 million dollars swap line from India shortly, Central Bank Governor Indrajit Coomara...
Sri Lanka to get US$400mn RBI swap line shortly: CB Governor Sri Lanka is expecting to get a 400 million dollars swap line from India shortly, Central Bank Governor Indrajit Coomara...
negative
-1
UNP yet to decide who will occupy National List seat
11/23/2020
Politics
The beleaguered United National Party is yet to decide who will fill the single National List seat it won at the last Pa...
UNP yet to decide who will occupy National List seat The beleaguered United National Party is yet to decide who will fill the single National List seat it won at the last Pa...
negative
-1
Sri Lanka rupee closes at 323.80/324.25 to the US dollar
8/22/2023
Markets
Sri Lanka’s rupee closed at 323.80/324.25 to the US dollar on Tuesday
Sri Lanka rupee closes at 323.80/324.25 to the US dollar Sri Lanka’s rupee closed at 323.80/324.25 to the US dollar on Tuesday
negative
-1
Sri Lanka changes Coronavirus measures as Covid-19 surges, home quarantine, centres as hospitals
10/27/2020
Health
Sri Lanka is giving up mass institutionalized quarantine and turning them into treatment as centres daily Coronavirus ca...
Sri Lanka changes Coronavirus measures as Covid-19 surges, home quarantine, centres as hospitals Sri Lanka is giving up mass institutionalized quarantine and turning them into treatment as centres daily Coronavirus ca...
negative
-1
Singer Sri Lanka in the red on forex losses, higher interest costs
11/12/2018
Markets
ECONOMYNEXT - Electronics and home appliances retailer Singer Sri Lanka Plc reported a loss of 144.1 million rupees in t...
Singer Sri Lanka in the red on forex losses, higher interest costs ECONOMYNEXT - Electronics and home appliances retailer Singer Sri Lanka Plc reported a loss of 144.1 million rupees in t...
negative
-1
Human Rights Watch sceptical of Sri Lanka IMF deal, warns of rights erosion
3/30/2023
Economy
HRW said that Sri Lanka should ensure that anti-corruption reforms provide accountability.
Human Rights Watch sceptical of Sri Lanka IMF deal, warns of rights erosion HRW said that Sri Lanka should ensure that anti-corruption reforms provide accountability.
negative
-1
Sri Lanka to regulate homestays amid pedophile fears
5/5/2024
Business
There should be criteria to lend a so that it does not affect the home environment and also the guest
Sri Lanka to regulate homestays amid pedophile fears There should be criteria to lend a so that it does not affect the home environment and also the guest
negative
-1
Showers to increase in coming days - Met Dept
5/20/2019
Weather and Climate
The prevailing showery conditions are expected to increase to an extent in parts of the country over the next few days, ...
Showers to increase in coming days - Met Dept The prevailing showery conditions are expected to increase to an extent in parts of the country over the next few days, ...
positive
1
Sri Lanka's China swap to be extended for three years
3/27/2023
Economy
The Chinese swap becomes usable if gross reserves go up above 3 months of past year imports
Sri Lanka's China swap to be extended for three years The Chinese swap becomes usable if gross reserves go up above 3 months of past year imports
negative
-1
Sri Lanka petrol price cut to Rs136 a litre
7/10/2019
Energy
ECONOMYNEXT - Sri Lanka's government will cut fuel prices from midnight Wednesday with the price of litre of 92 Octane ...
Sri Lanka petrol price cut to Rs136 a litre ECONOMYNEXT - Sri Lanka's government will cut fuel prices from midnight Wednesday with the price of litre of 92 Octane ...
negative
-1
Sri Lanka's Lotus Tower earns Rs 1.6 million on opening day
9/16/2022
Tourism
Aziz said the company has set a total revenue target of 1.1 billion rupees by 2024.
Sri Lanka's Lotus Tower earns Rs 1.6 million on opening day Aziz said the company has set a total revenue target of 1.1 billion rupees by 2024.
positive
1
Sri Lanka begins building Light Rail system
8/17/2019
Ground
Sri Lanka's first Light Rail Transit (LRT) system which runs a 16 kilometre stretch from the suburb Malabe to the commer...
Sri Lanka begins building Light Rail system Sri Lanka's first Light Rail Transit (LRT) system which runs a 16 kilometre stretch from the suburb Malabe to the commer...
positive
1
Sri Lanka’s copyright laws need to be updated for artificial intelligence: Lawyers
2/9/2024
ICT
Sri Lanka’s Intellectual Property Act needs revisions to recognize creations by artificial intelligence
Sri Lanka’s copyright laws need to be updated for artificial intelligence: Lawyers Sri Lanka’s Intellectual Property Act needs revisions to recognize creations by artificial intelligence
negative
-1
Sri Lanka rupee at 296.50 /297.50 to dollar at open, bond yields up
5/29/2023
Bonds & Forex
A bond maturing on 01.09.2027 was quoted at 26.50/70 percent unchanged from Friday’s close.
Sri Lanka rupee at 296.50 /297.50 to dollar at open, bond yields up A bond maturing on 01.09.2027 was quoted at 26.50/70 percent unchanged from Friday’s close.
negative
-1
Some members not invited to UNP Working Committee meeting today
1/30/2020
Politics
The United National Party's highest decision-making body the Working Committee is due to meet today but several of its s...
Some members not invited to UNP Working Committee meeting today The United National Party's highest decision-making body the Working Committee is due to meet today but several of its s...
negative
-1
Dialog Axiata pushes stocks up 0.05-pct on second-day trade of 2020
1/3/2020
Markets
Sri Lanka's stocks closed 0.05 percent higher on Friday, ending a two-day retreat, pushed up by the telco Dialog Axiata,...
Dialog Axiata pushes stocks up 0.05-pct on second-day trade of 2020 Sri Lanka's stocks closed 0.05 percent higher on Friday, ending a two-day retreat, pushed up by the telco Dialog Axiata,...
negative
-1
Sri Lanka launches countrywide E-waste collection project
10/1/2020
Consumer Affairs
Post offices around the country will collect E-waste starting from October 5 to October 11 to prevent harmful materials ...
Sri Lanka launches countrywide E-waste collection project Post offices around the country will collect E-waste starting from October 5 to October 11 to prevent harmful materials ...
positive
1
Sri Lanka rupee 323.60/90 to US dollar, stocks open higher
10/13/2023
Bonds & Forex
Some bond yields down
Sri Lanka rupee 323.60/90 to US dollar, stocks open higher Some bond yields down
negative
-1
Sri Lanka to vaccinate below 30s as hospital admissions climb, third dose eyed
8/9/2021
Health
A third of hospital admissions from below 30s. Un-vaccinated above 30s to call 1906 to register
Sri Lanka to vaccinate below 30s as hospital admissions climb, third dose eyed A third of hospital admissions from below 30s. Un-vaccinated above 30s to call 1906 to register
negative
-1
Sri Lanka sovereign rating downgraded to 'B-' by Fitch, outlook negative
4/24/2020
Economy
Fitch Ratings had downgraded Sri Lanka to 'B-' with a negative outlook, as the country cut value added tax in January a...
Sri Lanka sovereign rating downgraded to 'B-' by Fitch, outlook negative Fitch Ratings had downgraded Sri Lanka to 'B-' with a negative outlook, as the country cut value added tax in January a...
negative
-1
Government’s debts have ballooned by Rs. 1,000 bn in first four months of the year - Harsha
7/7/2020
Economy
Former MP Harsha de Silva is saying that the government’s debt had increased by Rs 1000 bn within the first four month...
Government’s debts have ballooned by Rs. 1,000 bn in first four months of the year - Harsha Former MP Harsha de Silva is saying that the government’s debt had increased by Rs 1000 bn within the first four month...
negative
-1
Sri Lanka rupee trades at 199.75 to spot dollar in moral suasion
5/5/2021
Bonds & Forex
Rupee closed without any bids.
Sri Lanka rupee trades at 199.75 to spot dollar in moral suasion Rupee closed without any bids.
negative
-1
Vietnam takes in over 300 rescued Sri Lanka boat people
11/8/2022
Economy
They were adrift in a fishing boat out of Myanmar and believed to be heading to Canada
Vietnam takes in over 300 rescued Sri Lanka boat people They were adrift in a fishing boat out of Myanmar and believed to be heading to Canada
negative
-1
Sri Lanka's CEB incurs Rs. 65 billion loss in first quarter
6/9/2022
Energy
.
Sri Lanka's CEB incurs Rs. 65 billion loss in first quarter .
negative
-1
Sri Lanka stocks hit fresh all-time high for second day; Foreigners continue exit
10/7/2021
Stocks & Companies
Sri Lanka stocks touch a new record high on Thursday (7)
Sri Lanka stocks hit fresh all-time high for second day; Foreigners continue exit Sri Lanka stocks touch a new record high on Thursday (7)
negative
-1
Sri Lanka tea aúction prices steady
8/24/2020
Agriculture
Sri Lanka tea prices eased with a noticeable rise in unsold teas, with small leaf teas usually sought by Iran seeing les...
Sri Lanka tea aúction prices steady Sri Lanka tea prices eased with a noticeable rise in unsold teas, with small leaf teas usually sought by Iran seeing les...
positive
1
ADB to support green bonds, PPPs in Sri Lanka crisis recovery
3/20/2024
Economy
ADB will consider supporting properly structured PPP
ADB to support green bonds, PPPs in Sri Lanka crisis recovery ADB will consider supporting properly structured PPP
negative
-1
Sri Lanka settles Rs191bn in arrears: Minister
2/25/2023
Economy
In January Rs53bn in new bills have come in to settle
Sri Lanka settles Rs191bn in arrears: Minister In January Rs53bn in new bills have come in to settle
negative
-1
Sri Lanka's China-backed Hambantota port volumes up 186-pct in 2021 first half
7/11/2021
Logistics
Cargo handled was 1,206,425 metric tonnes up from 420,421 metric tonnes a year ago.
Sri Lanka's China-backed Hambantota port volumes up 186-pct in 2021 first half Cargo handled was 1,206,425 metric tonnes up from 420,421 metric tonnes a year ago.
negative
-1
Sri Lanka terminates top financial crime buster
2/26/2019
Legal
ECONOMYNEXT – Sri Lanka’s government Tuesday decided to terminate the services of Financial Crimes Investi...
Sri Lanka terminates top financial crime buster ECONOMYNEXT – Sri Lanka’s government Tuesday decided to terminate the services of Financial Crimes Investi...
negative
-1
Fonterra to exit or sell down Sri Lanka unit
5/16/2024
Business
To keep ingredient and food service supply divisions
Fonterra to exit or sell down Sri Lanka unit To keep ingredient and food service supply divisions
negative
-1
Sri Lanka central bank keeps rates unchanged as inflation rise, BOP in deficit
7/8/2021
Economy
Flexible policy to continue
Sri Lanka central bank keeps rates unchanged as inflation rise, BOP in deficit Flexible policy to continue
positive
1
Sri Lanka suicide bombers buried without religious rites
5/2/2019
Political News
Several suicide bombers belonging to an extremist group that killed over 250 people in co-ordinated suicide attacks have...
Sri Lanka suicide bombers buried without religious rites Several suicide bombers belonging to an extremist group that killed over 250 people in co-ordinated suicide attacks have...
negative
-1
Follower of Sri Lanka's Zaharan arrested in Singapore
7/25/2019
Legal
A follower of Sri Lanka suicide bomber Zaharan Hashim, who had also given funds, has been arrested in Singapore along wi...
Follower of Sri Lanka's Zaharan arrested in Singapore A follower of Sri Lanka suicide bomber Zaharan Hashim, who had also given funds, has been arrested in Singapore along wi...
negative
-1
Sri Lanka’s shares slip at close on profit taking and selling interest in the banking sector
8/21/2023
Markets
All Share Price Index was down 0.57 percent or 65.42 points to 11,338.50
Sri Lanka’s shares slip at close on profit taking and selling interest in the banking sector All Share Price Index was down 0.57 percent or 65.42 points to 11,338.50
negative
-1
Sri Lanka President re-appoints temporary secretaries who lost jobs
5/11/2022
Legal
The destruction of the country's public service came with making permanent secretaries, temporary critics say
Sri Lanka President re-appoints temporary secretaries who lost jobs The destruction of the country's public service came with making permanent secretaries, temporary critics say
negative
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Sri Lanka MP briefs UNHRC on anti-terror law, Easter attack, imprisoned colleague
3/7/2022
Human Rights
Ethnic and religious minorities live in anxiety, the MP further claimed.
Sri Lanka MP briefs UNHRC on anti-terror law, Easter attack, imprisoned colleague Ethnic and religious minorities live in anxiety, the MP further claimed.
negative
-1
Sri Lanka policy rate unchanged amid slowing private credit
8/18/2022
Economy
IMF talks to continue
Sri Lanka policy rate unchanged amid slowing private credit IMF talks to continue
negative
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Sri Lanka's opposition parties hit out at govt for UNHRC "failure"
3/24/2021
International Relations
Sri Lanka’s opposition parties have hit out at the government for its handling of the resolution passed at the 46th se...
Sri Lanka's opposition parties hit out at govt for UNHRC "failure" Sri Lanka’s opposition parties have hit out at the government for its handling of the resolution passed at the 46th se...
negative
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Sri Lanka president suffers setback in parliament vote
11/23/2018
Political News
Sri Lanka's deposed prime minister secured control of a key committee in parliament Friday, dealing a blow to President ...
Sri Lanka president suffers setback in parliament vote Sri Lanka's deposed prime minister secured control of a key committee in parliament Friday, dealing a blow to President ...
negative
-1
Sri Lanka managing without bridging finance using current inflows: CB Governor
8/28/2022
Economy
But now even without the bridging financing we are managing the situation
Sri Lanka managing without bridging finance using current inflows: CB Governor But now even without the bridging financing we are managing the situation
negative
-1