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Saturday June 15th, 2024
Economy

Sri Lanka beats key IMF program targets for March 2024 amid rupee stability

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June 15, 2024 3 min read

Sri Lanka GDP grows 5.3-pct in first quarter of 2024 amid monetary stability

This low inflation incentivized the economy by providing inputs at a much lower price

June 15, 2024 2 min read

Sri Lanka to tax imaginary rents on houses under IMF deal

A nationwide digital Sales Price and Rents Register (SPRR) is to be set up by March 2025

June 14, 2024 6 min read

Sri Lanka to revise SDP Act with rules-based exemptions

Rules-based eligibility criteria for granting time-bound incentives to Parliament by end-February 2025

June 14, 2024 2 min read
Tea
Sri Lanka car import relaxation full plan by June 15: IMF report

A detailed plan, including the implications on tax and reserve accumulations, will be finalized by June 15

Tea
Sri Lanka to tax housing in IMF deal, VAT on digital services, services export exemption to go

Services export tax exemption to be eliminated

Some Sri Lanka’s IMF-agreed targets delayed with consensus: State FinMin

Sri Lanka has faced delays in enacting some laws required for IMF-led reforms

June 13, 2024 2 min read

Sri Lanka in final stages of reaching in-principle deal with CDB: State Minister

Expects all bilateral creditor to wrap up final MOUs in June

June 13, 2024 1 min read

IMF approves Sri Lanka review, calls for monetary policy for stability

Monetary policy should continue prioritizing price stability

June 13, 2024 8 min read

IMF approves Sri Lanka program review, Foreign Minister Sabry says

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June 12, 2024 1 min read

Sri Lanka to implement national tariff policy in three phases from 2025

"Various policies introduced from time to time by the existing governments,"

June 12, 2024 2 min read

Sri Lanka to begin free trade agreement negotiations with Malaysia

Free trade deals with Asia and Pacific have generated sharply more exports than imports

June 12, 2024 1 min read

Sri Lanka optimistic ahead of IMF review: State minister

"We remain optimistic that our international partners will continue to support Sri Lanka's efforts,"

June 12, 2024 1 min read

Sri Lanka Labor Ministry, ILO, IOM discuss labour reforms

Ministry, International Labor Organization, International Organization for Migration to train care workers

June 12, 2024 1 min read

Sri Lanka draft MOUs with bilateral lenders being exchanged, clarified: State Minister

When they are submitted, they exchange it with their membership

June 11, 2024 1 min read

Sri Lanka's CPC makes Rs120bn profit in 2023 after Rs884bn tax-payer injection

Govt takes over debt owed to state banks

June 11, 2024 5 min read
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US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
Source: Central Bank/Indicative
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Source: Central Bank/Indicative
pts %
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CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
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3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
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Source: Central Bank/Indicative

Any future Sri Lankan government will have to comply with IMF deal: Cabinet Spokesman

Sri Lanka is facing a political uncertainty due to elections later this year.

June 10, 2024 3 min read

Sri Lanka to send 6,000 workers to Japan

“We are sending caregivers, construction workers, and workers in the agriculture sector to Japan,”

June 10, 2024 1 min read

Divesting SOEs can generate greater profits through taxation: Sri Lanka restructuring unit

"Taxes yield greater benefit to the public with far less financial cost and resources,"

June 10, 2024 2 min read

Sri Lanka Ports Authority cadre slashed, makes payment to Treasury

Makes Rs8.6bn levy to the Treasury to settle earlier dues

June 10, 2024 2 min read

Sri Lanka central bank avoids negative equity with imputed values for restructured bonds

Step down re-structured bond are not traded

June 9, 2024 4 min read

Sri Lanka's gross forex reserves marginally down in May

Though gross reserves fell, it is not clear whether net reserves fell

June 8, 2024 3 min read

Sri Lanka, Maldives to increase ties in trade, tourism, energy

Maldives wants to recruit Sri Lankan teachers and doctors

June 8, 2024 2 min read

Sri Lanka May 2024 remittances rise 13.5-pct to $544mn

Remittances have improved after the central bank gave up parallel exchange rate policy

June 8, 2024 2 min read

Sri Lanka looks to remove obstacles in toddy export

Large market abroad for toddy, kithul, palm and coconut related products.

June 7, 2024 2 min read

IMF says Sri Lanka has made "sufficiently strong progress" on debt for June review

Discussions with external bondholders continue with the aim of reaching agreements in principle soon

June 7, 2024 3 min read
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