An Echelon Media Company
Tuesday May 30th, 2023

Sri Lanka rupee appreciation squeezes exporters

Central bank net credit to government has fallen from September allowing balance of payments to go into surplus

May 30, 2023 3 min read

Sri Lanka forum to discuss central bank independence vs sound money

The discussion will compare the current system against alternative systems

May 30, 2023 2 min read

Sri Lanka teachers withdraw from A/L paper marking again over unresolved payments

Paper correction started this month after a long delay

May 29, 2023 1 min read

Sri Lanka food security improves across all provinces by 40 percent: FAO, WFP

Nearly 10,000 people are considered severely acute food-insecure at present, down from 66,000 people last year.

May 29, 2023 4 min read
Sri Lanka gets US$350mn budget support loan from ADB

Budget support loans ease cashflows of the government

Sri Lanka's Port City duty free to have allowance of US$5000 a year

Tourists and those going out of the country could also buy goods

Sri Lanka to offer land for investors to build industrial zones

Foreign investors are again showing interest in the country as stability returns

May 28, 2023 2 min read

Sri Lanka services exports rise 9.5-pct up to April 2023

In 2022, services exports were up 55.9 percent to US$1.8 billion according to EDB estimated data

May 28, 2023 1 min read

Sri Lanka targets over US$1.5bn in FDI in 2023, could get refinery boost

Up to May 604 million dollars, worth investment agreements have been signed

May 26, 2023 1 min read

Sri Lanka April exports down 16-pct amid continued declining trend - EDB 

The cumulative exports from January to April this year have declined by 9.8 percent to $3,8 billion

May 26, 2023 2 min read

Sri Lanka govt to revise fuel prices, increase fuel quota from June

Fuel Quota currently allowed on the National Fuel Pass QR system will be increased from the next month

May 26, 2023 2 min read

Korean arrested in Sri Lanka over attempts to send locals to foreign jobs sans valid license 

The official had no information whether the arrested Korean had sent anyone to Korea for employment

Melkishiya Andrew
May 26, 2023 1 min read

South Korea agrees to accept Sri Lanka workers hit by plane delay

Due to 10-hour delay of SriLankan flight, 48 workers missed a deadline set by the Korean authorities to report to work

Melkishiya Andrew
May 26, 2023 2 min read

Sri Lanka personal income tax shock dims economic activities

The market witnessed price reductions and promotional trade schemes to stimulate consumption

May 26, 2023 4 min read

Sri Lanka president apologises to Japan for cancellation of light rail project

Wickremesinghe met Japanese Prime Minister Fumio Kishida in Tokyo on Thursday May 25.

Himal Kotelawala
May 25, 2023 3 min read

Sri Lanka President bets for China-inclusive Asia-led economy

“We want an Asia that can accommodate the Indo-Pacific, the BRI, as well as the ASEAN Outlook on the Indo- Pacific”

May 25, 2023 4 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 289.8986 297.6055
UK Pound 357.3274 366.5521
Euro 310.0947 318.4855
Aus Dollar 188.4531 193.2296
Yen 2.0576 2.1257
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6214 3.6680
Korea Won 0.2261 0.2291
Oman Rial 776.9541 787.6684
Saudi Riyal 79.7546 80.8650
UAE Dirham 81.4508 82.5849
Source: Central Bank/Indicative
pts %
S&P SL20 2,428.92 -2.09%
CSE All Share 8,575.11 -1.40%
Turnover Rs million 518,927,793 893,539,637
Source: CSE
Latest Last
3-m bill 24.64 24.60
6-m bill 24.24 24.36
12-m bill 22.37 22.36
5-yr bond 24.98 24.79
8-yr bond 23.82 23.16
Source: Central Bank/Indicative
today yesterday
Overnight Money 16.49 16.49
Gilt Repo 16.50 16.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka's Hayleys Plc rated 'AAA(lka)' with a stable outlook: Fitch

We believe this will lead to steady operating cash flows

May 25, 2023 8 min read

Sri Lanka to lift import controls on 100 items: Minister


May 25, 2023 2 min read

Sri Lanka hikes entry fees to botanical gardens

Sri Lanka has hiked entry fees to botanical gardens by tourists and domestic visitors by around 50 percent from July 01

Apsara Rodrigo
May 23, 2023 1 min read

Sri Lanka needs more revenues, debt restructuring by Sept: IMF mission

Macroeconomic situation in Sri Lanka is showing tentative signs of improvement

May 23, 2023 3 min read

Sri Lanka draws up framework to sell green bonds

A second party opinion will be sought

May 23, 2023 1 min read

Sri Lanka cabinet approves incentives for Colombo Port City

Incentives and exemptions to be given to two categories

May 23, 2023 1 min read

Sri Lanka's national inflation down to 33.6-pct in April

The index is only 0.3 percent above the September 2022 number of 201.9 points

May 23, 2023 1 min read

Sri Lanka manufacturing, services down in April 2023 : PMI

New orders in April dropped to 33 from 55.9, and Production fell to 24.5 from 55.8.

May 22, 2023 2 min read

Sri Lanka extends import taxes on cereals, edible oils, fruits

Sri Lanka has a history of to promote import substitution due to economists printing money to suppress rates

May 21, 2023 2 min read

Sri Lanka hosts the Indian Travel Agents Association convention to boost tourism

The 68th annual convention of Travel Agents Association of India (TAAI) is set to be held from July 6 to 9, 2023.

Melkishiya Andrew
May 20, 2023 2 min read
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