An Echelon Media Company
Monday February 6th, 2023

Sri Lanka Railways to seek PPPs to boost revenue streams

"And we cannot expect and do not hope for money from the government."

1 min read

Sri Lanka’s doctors distribute anti-tax hike leaflets to train commuters

Doctors in Sri Lanka in general earn higher salaries than the average train commuter

3 min read

Sri Lanka bond Yields end steady

Central Bank’s guidance peg for interbank US dollar transactions appreciated by one cent to 361.96 rupees

1 min read

Sri Lanka hopes to ease medicine shortages as more supplies come in

And we have placed orders for 862 pharmaceuticals and 1,596 surgical items

3 min read

Sri Lanka Transport Board expansion will reduce passengers, says private bus grouping

SLTB plans to include 500 more buses from through an India credit line in 2023 and so far 125 buses have been added.

1 min read

Sri Lanka's shares fall in mid day

A revenue of 1 billion rupees was generated within the first hour of trade.

1 min read

Sri Lanka bond yields steady at open

Commercial banks offered dollars for telegraphic transfers at 370.35 rupees on Monday

Sri Lanka private credit negative for seventh month as China assurances awaited

Government credit continues to go up despite tax increases

Sri Lanka's banks may have to re-structure loans caught in progressive tax

Salaried SOE executives and port workers are protesting

Sri Lanka to address SME tax problems at first opportunity: State Minister

VAT and SSCL are effectively paid by customers, but the SSCL is a cascading tax that makes running businesses difficult.

Sri Lanka revenues Rs158.7bn in Jan 2023 up 51-pct

In January 2022 total revenues were Rs104.5 billion according to central bank data.

Sri Lanka's Ceylon Tea prices down for second week

The tea prices are down for two weeks in a row.

Latest Last
US Dollar 371.7127 371.6601
UK Pound 453.5962 453.9794
Euro 396.3156 396.4763
Aus Dollar 250.1862 251.1981
Yen 2.8251 2.7549
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.3961 4.3963
Korea Won 0.2820 0.2791
Oman Rial 943.2237 943.2268
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.8729 98.8786
Source: Central Bank/Indicative
pts %
S&P SL20 2,653.84 -1.51%
CSE All Share 8,420.26 -1.04%
Turnover Rs million 4,621,153,484 2,824,714,520
Source: CSE
Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative
Sri Lanka to address SME tax problems at first opportunity: State Minister

VAT and SSCL are effectively paid by customers, but the SSCL is a cascading tax that makes running businesses difficult.

1 min read

Sri Lanka revenues Rs158.7bn in Jan 2023 up 51-pct

In January 2022 total revenues were Rs104.5 billion according to central bank data.

1 min read

Sri Lanka's Ceylon Tea prices down for second week

The tea prices are down for two weeks in a row.

2 min read

KPMG's Suresh Perera and Rifka Ziyard on Long Overdue Tax Reforms

How to craft a tax reforms agenda to fix a complex problem

Latest Last
US Dollar 371.7127 371.6601
UK Pound 453.5962 453.9794
Euro 396.3156 396.4763
Aus Dollar 250.1862 251.1981
Yen 2.8251 2.7549
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.3961 4.3963
Korea Won 0.2820 0.2791
Oman Rial 943.2237 943.2268
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.8729 98.8786
Source: Central Bank/Indicative
pts %
S&P SL20 2,653.84 -1.51%
CSE All Share 8,420.26 -1.04%
Turnover Rs million 4,621,153,484 2,824,714,520
Source: CSE
Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka's Ceylon Tea prices down for second week

The tea prices are down for two weeks in a row.

2 min read

Sri Lanka appoints commissioner to replace a resigned PUCSL member

PUCSL was hit by resignations amid disputes over a tariff hike and other decisions.

1 min read

JKH: How Sri Lanka's Premier Conglomerate Will Unlock Opportunities in 2023 and Beyond

John Keells Group’s Gihan Cooray on strategic JKH projects and resetting the economy

6 min read

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In Sri Lanka reserve money expansion is 'proper' money printing: CB Governor

In Sri Lanka reserve money jumps the day after an SRR rate is changed

2 min read

Sri Lanka’s Litro Gas hikes cooking gas price by 7.5-pct

Litro Gas is raising fuel through a price formula every month to prevent losses and borrowings

1 min read

Sri Lanka Coconut auction prices down 6.7-pct

The average prices reached 84,116.85 rupees in mid-January 2023

1 min read

Sri Lanka doing assets quality review of banks: CB Governor

So called Stage 3 loans have hit 10.9-pct by the 3rd quarter

3 min read

Sri Lanka President's address to the nation- Full text

Promises maximum devolution in unitary state

8 min read

Sri Lanka critical on independence day, opportunity to rectify our errors: President

An opportunity not only to review our strengths and gains as a  nation but also to rectify our errors and failure

4 min read

1

Sri Lanka welcomes sovereign bondholders' letter to IMF

Sri Lanka's debt restructuring dragged as financial assurance from all bilateral creditors are yet to be reached

2 min read

China says it will discuss Sri Lanka debt re-structuring during two-year moratorium

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5 min read

Sri Lanka to erase Slave Island tag 178 years after British abolished slavery in Ceylon

The Ceylon Government finally abolished slavery in 1844, after breaking the institution through several gazettes.

3 min read

Sri Lanka bond yields close lower

Central Bank’s guidance peg for interbank US dollar transactions appreciated by 17 cents to 361.97 rupees

1 min read

Sri Lanka shares end at 4-month high on high turnover, foreign buying; Paris Club news helps

The positive sentiment helped to boost both market turnover and net foreign buying to their highest in six week.

2 min read

Sri Lanka's Ceylon Cold Stores sees 315 mln rupee loss in 2022 December quarter

The manufacturing cost for the period increased to 261 million

1 min read

Sri Lanka opposition leader bemoans at social media critics; alleges of defeating him in 2019 polls

Premadasa is aspiring to become the next Sri Lankan leader; some expect his party could have a landslide in LG polls

4 min read

1

US President Biden wishes Sri Lanka on 75-years of self-determination

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2 min read

1

Sri Lanka sovereign bond holders write to the IMF

Raises matter relating to domestic debt restructuring and economic assumptions

4 min read

Sri Lanka bond yields open lower

Guidance peg marginally up

1 min read

Sri Lanka projects 2.69mn metric tonnes of paddy in current season

More paddy could have been planted in January 2023

1 min read

Paris Club communicates on Sri Lanka debt re-structuring with IMF: report

India was the first to give acceptable debt assurances to the IMF

2 min read

1

Sri Lanka in top 10 most Instagrammable list of US travel website

Sri Lanka sees rise in tourist arrivals in January

Melkishiya Andrew

1 min read

Sri Lanka shares touch 3-1/2-month high on IMF deal hopes

The index crossed 9,000 mark.

2 min read

Sri Lanka sees booming e-commerce amid constraints - report

Mistrust over payment and lack of knowledge on online transaction have been barriers for e-commerce

Melkishiya Andrew

2 min read

Sri Lanka to promote Ramayana sites to attract Indian tourists

There will be more tourists to visit Ramayana sites in the future than Buddhist places in the country. 

2 min read

Sri Lanka issues Rs1,000 coin, Rs50 stamp to mark 75-years of self-determination

Commemorative coin available for sale from March 2023

1 min read

1

Sri Lanka bond yields close lower

Central Bank’s guidance peg for interbank US dollar transactions remained unchanged at 362.14 rupees

1 min read

Sri Lanka gets 102,000 tourists in January 2023

Russia, UK, India and Germany remain the top three source markets since 2022.

1 min read

Sri Lanka firms target agro exports with German backing

International Green Week draws over 400,000 visitors

2 min read

Sri Lanka's shares gain in mid day trade

"The current economic environment is pushing the index up, especially the banking counters," an analyst said. 

2 min read

Sri Lanka's Hambantota Port says cruise calls rising

Three vessels call in January

1 min read