Sri Lanka central bank raises rates by 700 basis points COLOMBO: The Central Bank of Sri Lanka raised its key lending and borrowing rates by 700 basis points each on Friday... Updated 08 Apr, 2022 07:33pm
World Sri Lanka calls for restructure of $1bn debt and stability COLOMBO: Sri Lanka must look at restructuring a $1 billion sovereign debt due for payment in July, the outgoing... Published 07 Apr, 2022 07:42pm
World Sri Lanka parliament to meet as protests put ruling Rajapaksas under pressure COLOMBO: Sri Lanka’s parliament will meet on Tuesday after President Gotabaya Rajapaksa dissolved his cabinet and... Published 05 Apr, 2022 10:20am
World Crisis-hit Sri Lanka blocks social media to contain protests COLOMBO: Sri Lanka blocked access to social media platforms on Sunday after authorities imposed a weekend nationwide... Updated 03 Apr, 2022 02:55pm
World Sri Lanka imposes curfew after president declares state of emergency COLOMBO: Sri Lanka's government imposed a weekend curfew on Saturday, even as hundreds of lawyers urged President... Updated 02 Apr, 2022 09:29pm
World Sri Lanka suffers long power cuts as currency shortage makes fuel scarce COLOMBO: Businesses and households in Sri Lanka faced 10-hour-long power cuts on Wednesday as a deepening economic... Published 30 Mar, 2022 06:41pm
Markets Sri Lankan shares fall for third session as economic worries weigh Sri Lanka shares closed down for a third straight session on Wednesday after an over 7% intra-day plunge pushed the... Published 30 Mar, 2022 05:51pm
World 10-hour power cuts in Sri Lanka as crisis worsens COLOMBO: Sri Lanka on Wednesday began imposing record nationwide 10-hour daily power cuts as it ran out of... Published 30 Mar, 2022 10:16am
Markets Sri Lanka fuel prices soar as economy reels COLOMBO: One of Sri Lanka's biggest fuel suppliers hiked the price of gasoline by nearly 20 percent on Saturday, the... Updated 26 Mar, 2022 06:38pm
World Sri Lanka govt panel says international financial assistance needed COLOMBO: A Sri Lanka government-appointed committee on Monday said the crisis-hit country’s central bank and finance... Published 21 Mar, 2022 09:05pm
World Sri Lanka cancels school exams over paper shortage COLOMBO: Sri Lanka cancelled exams for millions of school students as the country ran out of printing paper with... Published 19 Mar, 2022 03:07pm
Markets Sri Lankan shares rise as country seeks help from IMF Sri Lankan shares ended higher on Friday for the first time in five sessions after the troubled island nation sought... Published 18 Mar, 2022 07:08pm
Markets Sri Lankan shares extend fall to third session on economic worries Sri Lankan shares dropped on Tuesday as industrials and financial stocks fell, with investors worried over the... Published 15 Mar, 2022 06:19pm
Markets Sri Lanka central bank tightens trade rules to improve forex reserves COLOMBO: Sri Lanka’s Central Bank on Saturday tightened restrictions on exporters requiring them to repatriate... Published 12 Mar, 2022 10:03am
Markets Sri Lanka to pay 20 rupees per dollar incentive to boost remittances NEW DELHI: Sri Lanka will pay an extra 20 rupees for every dollar sent by migrant workers ahead of its new year... Published 09 Mar, 2022 07:41pm
Markets Sri Lankan shares fall for third straight day, IT and financials drag Sri Lankan shares slumped for a third consecutive session on Wednesday, dragged by deep losses in IT, financial and... Published 09 Mar, 2022 06:49pm
Business & Finance Sri Lanka central bank gets deferral of $900m payment from Asian Clearing Union COLOMBO: Sri Lanka’s central bank has received a two-month deferral for $900 million in payments due this week to... Published 08 Mar, 2022 02:40pm
Markets Sri Lankan shares fall as higher crude prices drive inflation worries Sri Lankan shares fell over 2% on Monday in broad based selling, as worries over inflationary pressures from surging... Published 07 Mar, 2022 06:34pm
Markets Fuel prices raised in Sri Lanka as energy crisis worsens COLOMBO: One of Sri Lanka's biggest fuel suppliers put up its prices by as much as 12 percent on Saturday, as the... Published 26 Feb, 2022 11:25am
Markets Sri Lanka shares slump amid nationwide powercuts, worsening economic crisis Sri Lankan shares plunged nearly 7% on Wednesday as fuel shortage-induced countrywide power outages spooked ... Published 23 Feb, 2022 06:51pm
Markets Sri Lanka shares end flat after 4 sessions of losses Sri Lankan shares treaded water on Tuesday, after falling for four straight sessions, as gains in communication... Published 22 Feb, 2022 05:40pm
Markets Sri Lanka shares fall 4.5%, all top sectors register losses Sri Lankan shares ended sharply lower on Monday, recording their worst day in over a year amid broad based losses ... Published 21 Feb, 2022 06:53pm
World Sri Lanka seeks $35mn to pay for urgent diesel imports COLOMBO/NEW DELHI: Sri Lanka is trying to arrange a payment of $35 million for a shipment of 40,000 tonnes of diesel... Published 21 Feb, 2022 06:08pm
Markets Sri Lankan shares drop for fourth week as industrials, financials drag Sri Lankan shares fell more than 1% on Friday, logging losses for a fourth straight week, weighed down by industrial... Published 18 Feb, 2022 04:52pm
Markets Sri Lankan shares close slightly lower as industrials weigh Sri Lankan shares ended marginally lower on Thursday, as declines in industrials stocks offset gains in financial... Published 17 Feb, 2022 05:08pm
Markets Sri Lankan shares extend gains as financials rise Sri Lankan shares ended marginally higher on Monday, extending gains to a third straight session, supported by... Published 14 Feb, 2022 05:12pm
Markets Sri Lanka says it won't rush to IMF despite rising economic risks COLOMBO: Sri Lanka's foreign exchange reserves are plummeting, essential imports are stalling and opposition leaders... Published 11 Feb, 2022 06:56pm
Markets Sri Lankan shares jump 2% as industrial, financial stocks boost Sri Lankan shares rose more than 2% on Friday and logged their best day in over a month, helped by gains in... Published 11 Feb, 2022 05:55pm
Markets Sri Lanka's Dec 2021 trade deficit widens as imports spike COLOMBO: Sri Lanka's Central Bank on Friday said the country's trade deficit in December 2021 had widened to $1.09... Published 11 Feb, 2022 05:28pm
Markets Sri Lankan shares rise as industrial stocks boost Sri Lankan shares rose 1% on Thursday, snapping a three-day losing streak, helped by gains in industrial and... Published 10 Feb, 2022 07:33pm