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USD climbs above Rs. 300 since Sep. 2024

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The Sri Lankan rupee has declined against the US dollar today (10), with the spot exchange rate surpassing the Rs. 300 mark for the first time since September 27, 2024.

According to the daily exchange rate data released by the Central Bank of Sri Lanka (CBSL), the buying rate for the US dollar stands at Rs. 294.13, while the selling rate is recorded at Rs. 303.20.

Meanwhile, the spot exchange rate has been registered at Rs. 301.20 today.

The spot rate reflects the weighted average of all spot transactions carried out in the domestic interbank foreign exchange market, including any market interventions conducted by the CBSL through Requests for Quotations (RFQs) on the previous or most recent business day.

(adaderana.lk)

(Except for the headline, this story, originally published by adaderana.lk has not been edited by SLM staff)

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No change in domestic LP gas prices this month

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Sri Lanka’s 02 main domestic gas suppliers, Litro Gas and Laugfs Gas, have confirmed that there will be no price revision for domestic LP gas cylinders this month.

Both companies stated that gas cylinders will continue to be sold at existing prices.

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National Tax Week kicks off today

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The National Tax Week begins today (June 02) under the theme “Strength through taxes”.

The inaugural ceremony is to be held at the President’s Office under the patronage of President Anura Kumara Dissanayake.

Deputy Commissioner General of the Inland Revenue Department (IRD), P.K.S. Shantha stated that from today to June 07, officials will conduct awareness programs on the benefits of timely tax payments and the process of obtaining a Taxpayer Identification Number (TIN).

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1st stock of imported coconut milk to undergo clearance, lab testing today

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The first consignment of imported coconut milk under the Government’s raw material importation programme is scheduled to undergo clearance and laboratory testing today (31), as part of a coordinated initiative by the Plantation Industries Ministry.

This initiative, approved by the Cabinet, aims to supply essential raw materials to industries linked to the coconut sector, aiming to reduce domestic coconut prices and support local manufacturers. The consignment currently under clearance includes products equivalent to 200 million coconuts. They are in the forms of frozen coconut milk, coconut milk powder and chunked coconut with testa (non-copra), imported as part of the programme initiated in March 2025. The stock will be used primarily in the coconut milk powder industry, which has been facing raw material shortages. The Plantation Industries Ministry expects this move to reduce the pressure on local coconut supplies and contribute to a drop in retail coconut prices.

(dailynews.lk)

(Except for the headline, this story, originally published by dailynews.lk has not been edited by SLM staff)

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