Lanka Lead News ඉන්දියානු සංචිත බැංකුව (RBI) ඉන්දියාව සහ ශ්‍රී ලංකාව සහ රුසියාව ඇතුළු අනෙකුත් රටවල් අතර ඉන්දියානු රුපියල් වලින් වෙළඳ බේරුම් කිරීමට අවසර දී ඇත. ඉන්දියාවෙ අපනයනය මූලික කරමින් ගෝලීය වෙළඳාමේ වර්ධනය ප්‍රවර්ධනය කිරීම සඳහා සහ ඉන්දියානු රුපියල කෙරෙහි ගෝලීය වෙළඳ ප්‍රජාවේ වැඩිවන උනන්දුව සඳහා සහාය වීම සඳහා,ආනයන අපනයන කටයුතු වලදී ඉන්වොයිසි කිරීම, ගෙවීම […]

Courtesy Adaderana The Minister of Finance has issued an order to reduce the amount of foreign currency retained in possession by an individual in Sri Lanka from USD 15,000 t0 USD 10,000 or its equivalent in other foreign currency. The directive, issued pursuant to Section 08 of Foreign Exchange Act No. 12 of 2017, is […]

Courtesy Adaderana The Bank of Ceylon (BoC) has reported a net Pre-tax Profit of Rs. 43 billion, according to the President’s Media Division.  This was revealed when the Bank of Ceylon’s Annual Report 2021 was presented to President Gotabaya Rajapaksa at the President’s House in Colombo. Mr. Kanchana Ratwatte, Bank of Ceylon’s Chairman presented the […]

Courtesy The Daily News India has said Europe must see not oil imports from Russia from a political lens. Speaking at Globsec 2022 Bratislava forum, External Affairs Minister S Jaishankar said, We don’t send people to buy Russian oil, we send people to buy oil in the market, buy the best oil.” Jaishankar also highlighted […]

Ada Derana

Courtesy The Daily Mirror Sri Lankan authorities today raised objections against the Enjoining Order issued by Colombo Commercial High Court preventing a Russian Aeroflot flight from taking off within the territorial jurisdiction of Sri Lanka. Additional Solicitor General Sumathi Dharmawardena PC appearing for the Airport and Aviation Services Ltd (second defendant) urged the Court to suspend the operation […]

Courtesy The Daily Mirror Aeroflot has suspended commercial flights to Colombo (Sri Lanka). The decision was prompted by “the unfavorable situation as regards guarantees of unobstructed flights of the airline’s aircraft to Sri Lanka,” Aeroflot said in a statement. The airline suspended the sale of tickets to Colombo as well. As reported earlier, an Aeroflot […]

Courtesy Adaderana Russia’s flagship carrier announced that it is suspending commercial flights to Sri Lanka after the island nation’s authorities detained the airline’s Airbus A330 jet on June 02. Aeroflot is suspending commercial flights to Colombo (Sri Lanka) for the immediate period due to an unreliable situation in terms of the airline’s unobstructed flights to […]

The New Arab Staff & Agencies The 90,000-tonne consignment of Russian oil was ordered through Dubai-based Coral Energy, according to Sri Lankan Power and Energy Minister Kanchana Wijesekera. Sri Lanka will pay $72.6 million to buy a 90,000-tonne shipment of Russian oil docked at Colombo’s port for weeks, its energy minister said on Saturday, as the island nation […]

Courtesy RT West could be forced to ask Russia for grain in exchange for lifting sanctions © Getty Images / Thomas Barwick Wheat prices have surged to record highs over the past two months as major producers like Russia, Kazakhstan and India scrapped exports to protect their domestic markets. This has sparked fears of food insecurity and […]

By BHARATHA MALLAWARACHI Courtesy AP COLOMBO, Sri Lanka (AP) — Sri Lanka will lower the maximum amount of foreign currency that individuals can possess to $10,000 from $15,000 and penalize anyone who holds it for more than three months, the central bank announced Thursday, as police fired tear gas and water cannons at thousands of […]

Courtesy Stuff Sri Lanka’s new Prime Minister Ranil Wickremesinghe wants to sell the national airline, saying the country’s poorest people who’ve never flown shouldn’t be saddled with its losses. Finding a buyer might not be easy. SriLankan Airlines, which prior to the pandemic flew to 126 destinations in more than 60 countries, lost 45 billion […]

Courtesy Adaderana The Colombo Stock Exchange (CSE) recovered today (April 27) with the All Share Price Index moving up by 5.43% and the S&P SL20 Index moving up by 13.52% at the market closure. At the time of the market closure, the ASPI was recorded at 7,280.52, an increase by 375.12 points. Meanwhile, the S&P […]

Lanka Property Web (Pvt) Ltd LankaPropertyWeb Sri Lanka’s number one real estate platform celebrated its 15 year anniversary since inception on the 22nd of April 2022. The real estate company was founded in 2007 offering digital listings for the real estate market in Sri Lanka. Currently it is the largest real estate platform in the […]

Courtesy Adaderana The Cabinet of Ministers has given the approval to amend the Petroleum Products Act to allow specific sectors of the economy to individually import and use the fuel they require. The proposal was presented by Minister of Energy Kanchana Wijesekara. As fuel is essential for all economic activities in the country, it has […]

Courtesy The Daily Mirror Sri Lanka’s ongoing negotiations with the IMF will unavoidably impact its discussions with China for securing US $ 2.5 billion, China’s Ambassador Qi Zhenhong said.  In an interactive dialogue with a team of journalists, he said China was closely monitoring the negotiations to know the terms and conditions . He said debt […]

Courtesy https://borneobulletin.com April 26, 2022 COLOMBO (AFP) – Crisis-hit Sri Lanka’s stock exchange halted again yesterday after a nearly 13 per cent plunge, derailing the bourse’s tentative re-opening after a two-week break aimed at forestalling a market collapse. The island nation is grappling with its worst economic downturn since independence in 1948, with months of […]

CNA Ayres Investment Management LLP, DecisionBoundaries LLC and Perella Weinberg LP are among firms seeking to provide financial advice to Sri Lanka’s creditors, sources said, as the country heads towards a revamp of its $12 billion of external debt. Some bondholders are weighing their options after the South Asian island nation unilaterally suspended external debt […]

Courtesy Business Standard Meanwhile China, whose large loans and investments to the island nation led to allegations of debt diplomacy, has said it will provide “emergency humanitarian assistance” to Colombo

Courtesy Adaderana The Ceylon Petroleum Corporation (CPC) has announced an increase in its fuel prices with effect from midnight today (18). Accordingly, the new CPC fuel prices are as follows: Petrol Octane 92  – Rs. 338 per litrePetrol Octane 95  – Rs. 373 per litreAuto Diesel          – Rs. 289 per litreSuper […]

Corporate Communications & Digital Marketing Specialist Lanka Property Web (Pvt) Ltd According to the recently released House Price Index of LankaPropertyWeb that is based on asking prices for Q1 of 2022, the overall selling prices of apartments have soared by 36.08% from Q1 of 2021 while the overall residential land prices of Sri Lanka have reduced by […]

Dhinesh Kallungal Courtesy The Hindu Huge increase in transshipment volume at ICTT The economical and political turmoil in Colombo coupled with the congestion at the Colombo port has come as a blessing for ports in south India, especially the International Container Transshipment Facility (ICTT), Vallarpadam, Kochi, where the cargo traffic has increased by over 62% […]

Courtesy Adaderana SriLankan Airlines announced the suspension of operations between Sri Lanka and Moscow, Russia with effect from today (March 28), due to operational restrictions that are outside of the airline’s control.  The restrictions are in the form of international financial and aircraft insurance limits which have been imposed on Russia due to the ongoing […]

Courtesy The Daily Mirror Foreign earnings from all exported goods and services have been made mandatory and to be remitted to Sri Lanka within 180 days from the date of shipment or provisioning of services, the Central Bank stated. Issuing an Extraordinary gazette notification, Repatriation of export Proceeds into Sri Lanka” the CBSL Governor stated […]

Courtesy The Daily Star Softlogic Holdings PLC is in talks with Agora to acquire the full operation of Bangladesh’s oldest supermarket chain, said the Sri Lankan conglomerate and people familiar with the matter. A subsidiary, Softlogic Retail Holdings (private), inked an agreement on Friday to acquire Agora, said the group in a disclosure at Colombo […]

AUDICI Great opportunity for investors looking for digitally native brands with the potential to outperform AUDICI wins 1st place in the Digital Entertainment category at the prestigious e-Swabhimani Award Android App is released. iOS App will be available soon. Friday, 4th March, 2022 Colombo Sri Lanka:  AUDICI is an award-winning global music platform. It provides […]

Courtesy The Daily Mirror The star sapphire cluster weighing 503.2 kg, which was found in the Ratnapura area last year, today received the Guinness World Record as the world’s largest sapphire aggregate. The ceremony of handing over the certificate for the world’s largest sapphire aggregate was held at the Cinnamon Lakeside Hotel with the patronage […]

Courtesy NewsIn.Asia Colombo, February 20 (newsin.asia): Officials from the High Commission of India accompanied by representatives from the Indian railway organization RITES and the Sri Lanka Railways travelled aboard an air-conditioned train [AC Diesel Multiple Unit (DMU)] on its successful trial run in Sri Lanka on 18 February 2022. This AC DMU had been supplied […]

Courtesy superyachtnews However, questions remain over the project’s tangible yachting benefit given current procedures and processes… The Sri Lanka Port Authority (SPLA) has announced that nearly 100 acres of landmass will be added to the Galle Harbour. The Cabinet of Ministers has cleared a proposal to call for Expressions of Interest from investors to develop […]

Courtesy Adaderana Solar Universe in Vavunathivu adds 10MW; Hiruras Power in Mannar 15MW 3Q Group consolidated revenue LKR 3.6 Bn; bottom line increase of 4% YoY Hydro power revenue up by 25%; solar has growth of 22% WindForce PLC, the largest renewable energy developer in Sri Lanka which released its 3Q results for 9 months […]