You can't use Indian Rupee for local transactions, Sri Lanka's central bank clarifies"Any transaction executed between or among residents in Sri Lanka shall be in LKR (Lankan Rupee), being the legal tender in Sri Lanka," the...
02 Aug, 2023, 09.13 PM IST
In boost to trade in rupees, Bank of Ceylon opens account in Chennai branchConsequently, the bank carried out the very first transaction in Indian rupees with India through this channel, becoming the very first Sri...
22 Dec, 2022, 02.47 PM IST
Sri Lanka aims to hike taxes in budget to soften crisisUnsustainable debt, a severe balance of payment crisis on top of lingering scars of the COVID-19 pandemic have led to a severe shortage of ...
14 Nov, 2022, 06.48 PM IST
Sri Lankan protestors claim they found 17.85 million rupees inside President Rajapaksa's official residenceHundreds of anti-government protesters on Saturday stormed into Rajapaksa's residence in central Colombo's high-security Fort area after br...
10 Jul, 2022, 06.01 PM IST
Sri Lanka to take steps to stabilise economyThe government has to carefully manage resources and reduce the budget deficit as it has caused many problems across the economy, Siriwarda...
18 Apr, 2022, 02.25 PM IST
Sri Lankan currency faces heat following currency swap with ChinaIn the wake of depleting foreign exchange reserves, Sri Lanka rupee is putting pressure on the balance of payments, The Leader reported quo...
10 Apr, 2021, 02.00 PM IST
Asian Paints to acquire Sri Lankan firm CausewayAsian Paints did not disclose the deal size. However, it said, CPLPL reported revenue of Sri Lankan Rupee 5,630 million (approx Rs 253.60 c...
16 Feb, 2017, 01.30 PM IST
The story of four rupees: The one in which India loses out against dollar and how!The recent surge in the greenback has sent the subcontinental rupees into a tailspin, making them among the eight worst performing Asian cu...
02 Jun, 2016, 02.55 PM IST
Sri Lanka reduces duties on lower engine capacity cars, while increasing on higher onesThe tax range for such cars is expected to come down from its present tax range of 1.5-1.6 million to about 1.35 million Sri Lanka rupees, ...
28 May, 2016, 04.31 PM IST
Sri Lankan Navy foils major gold smuggling bid to IndiaSri Lankan Navy yesterday arrested the two people from northern Jaffna peninsula's Madagal area as they were trying to smuggle the gold to ...
07 Mar, 2016, 06.09 PM IST
RBI, Sri Lankan central bank agree on $1.5 billion currency swap deal: PM ModiRBI has agreed for a $1.5 billion currency swap agreement with the Sri Lankan central bank to help the island nation keep its currency stab...
13 Mar, 2015, 01.09 PM IST
- Airtel gives a miss to 4G spectrum bid in Sri Lanka
Bharti Airtel Lanka, part of Indian telecom giant Bharti Airtel, did not participate in the 4G spectrum sale held today.
28 Mar, 2013, 10.48 PM IST
- Lanka IOC turns around; posts $21.77 mn net profit for FY08
LIOC, the Lankan arm of Indian Oil Corporation, has announced a net profit of 21.77 million dollars for 2007-08, a turnaround from the loss...
30 May, 2008, 01.36 PM IST
- Lanka IOC losses to touch $ 6.3 million every month
Lanka IOC, a subsidiary of Indian Oil Corporation, is fearing losses of about 6.3 million dollars every month following the steep hike in i...
27 May, 2008, 01.42 PM IST
- VSNL slips despite stake sale in Sri Lankan arm
International voice and data services provider Videsh Sanchar Nigam's stock dropped 1.04 per cent to Rs 738.15 even after it sold 10 per ce...
27 Dec, 2007, 05.09 PM IST
- VSNL sells 10% in Lankan arm to Sunshine Holdings
The Tata Group promoted VSNL, which was recently renamed Tata Communications, has sold a 10% equity stake in its Sri Lankan subsidiary, VSN...
27 Dec, 2007, 02.01 AM IST
- IOC hikes fuel prices in Lanka
The Sri Lankan subsidiary of Indian Oil Corporation has raised fuel prices by 7 percent to keep pace with soaring global oil prices.
01 Sep, 2006, 03.15 PM IST