Day: March 17, 2017

Sri Lankan rupee weaker on dollar demand from foreign bank

The Sri Lankan rupee edged down on Friday on dollar demand from a foreign bank, but a state bank sold dollars, capping losses in the local currency, dealers said.

Drought will block Sri Lanka from 2017 growth pace officials see: economists

Sri Lanka’s 2017 growth rate is likely to be significantly lower than the government and central bank forecast, mainly due to a severe drought and tight monetary and fiscal policies, private economists said.

Oil tanker hijacking: Somali pirates release ship and crew after gunfight

Somali pirates who hijacked an oil tanker on Monday have released the ship and its eight Sri Lankan crew, officials say.