Protesters block roads demanding gas

USD being sold at record Rs. 260 by commercial banks

The US Dollar is being sold at a record Rs. 260 by commercial banks in Sri Lanka. A number of commercial banks in Sri Lanka said that the USD was selling at Rs. 260 and buying at Rs. 250. The Central Bank of Sri Lanka had this week decided to allow greater flexibility in the exchange rate. The Central Bank had indicated that it will continue to closely monitor the emerging macroeconomic and financial market developments, both globally and domestically, and will stand ready to take further mea

10 Mar, 2022

Sri Lanka wants to work closely with Biden Administration

Sri Lanka wants to work closely with the Biden Administration to elevate the longstanding relations between the two countries to greater heights, the Foreign Ministry said today. The newly appointed U.S. Ambassador to Sri Lanka Julie Chung called on Foreign Affairs Minister G.L. Peiris at the Ministry of Foreign Affairs, Colombo. Minister Peiris extended a warm welcome to Ambassador Chung and stated that he looks forward to working closely with her during her tenure in Sri Lanka. Whilst noting

10 Mar, 2022

Rise in global oil prices to impact fuel imports to Sri Lanka

The rise in global oil prices will impact the importing of fuel to Sri Lanka, Energy Minister Gamini Lokuge said today. He said that fuel stocks purchased under the Indian credit line, is expected to arrive in Sri Lanka after 15th March. Lokuge said said that diesel, petrol and jet fuel will arrive in Sri Lanka after 15th March. However, he said that since global prices have increased the quantity of fuel purchased will reduce. The Minister said that the Government is purchasing fuel at a hi

09 Mar, 2022