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An Echelon Media Company
Monday September 20th, 2021
Economy

Sri Lanka cronies profiting from import controls, SMEs battered: Samarajiva

What we are building is a kleptocracy which will then pollute and completely distort the political processes

6 min read

Sri Lanka shortage creating agency may allow milk powder supplies to resume

New price subject to dollars given at 203 to the US dollar

6 min read

Sri Lanka gets more railway coaches from India under US$82.6mn deal

RITES will also supply two AC diesel multiple units (DMU) to Sri Lanka Railways.

6 min read

Sri Lanka anti-COVID-19 measures to cost $550 million: Jayasundera

The real cost is more

6 min read

Sri Lanka's foreign exchange reserves are still low despite IMF SDR: Moody's

However, such inflows are piecemeal and boost FX reserves only temporarily

Sri Lanka explores green bonds for renewable energy, organic fertilizers: Jayasundera

There are so many inquiries and proposals are being put forward to raise money from green bonds

2 min read

Sri Lanka GDP grows 12.3-pct in June 2021 quarter

Recovers from a 16.4-pct fall last year

2 min read

Sri Lanka's re-appointed CB chief will tackle external challenges: P B Jayasundera

It also needs much more experienced person to manage the prevailing challenges

3 min read

Sri Lanka CB to guide markets, use tools mindful of repercussions: Governor Cabraal

I think we would from now onwards take the lead in providing guidance to markets

3 min read

Sri Lanka new CB Governor says will push for stability, consult business

A policy package in the form of a short-term Road Map soon

2 min read

Sri Lanka denies 5-pct tax on wage earner tax after 1-pct tax on undeclared funds

Not discussed in cabinet

1 min read

Sri Lanka spends US$225.5mn to defend non-credible peg in July

Another US$49.5mn was bought amid a surrender requirement

4 min read

Sri Lanka 'fingers crossed' for investment, rise in remittance, tourism: Minister Pathirana

We keep our fingers crossed and we are looking forward to receiving some investments also and foreign remittances'

3 min read

Sri Lanka to seek consultant for China DBFOT elevated expressway

The consultant will be chosen following "formal procurement methodology"

1 min read

Sri Lanka recovery framework to be launched by Advocata Institute - LIVE NOW

There is no doubt that Sri Lanka is facing a severe economic crisis

2 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 200.0000 200.0063
UK Pound 275.8000 276.7787
Euro 235.2700 236.3574
Aus Dollar 145.7600 146.5546
Yen 1.8202 1.8301
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7197 2.7215
Korea Won 0.1699 0.1710
Oman Rial 519.4940 519.5104
Saudi Riyal 53.3177 53.3286
UAE Dirham 54.4492 54.4509
Source: Central Bank/Indicative
pts %
S&P SL20 3,309.99 0.67%
CSE All Share 8,848.04 -0.93%
Turnover Rs million. 2,191,558,044.10 3,956,871
Source: CSE
Latest Last
3-m bill 5.91 5.85
6-m bill 5.95 5.90
12-m bill 6.02 5.97
5-yr bond 8.90 8.69
8-yr bond 9.26 9.18
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.11 5.11
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka BOP deficit soars to US$2.7bn to July 2021 as bond auctions fail

Weakened credibility of the peg fires several speculative frenzies

6 min read

Nivard Cabraal says will focus on "stability first" as Sri Lanka CB Governor

I will be concentrating on stability first and growth

1 min read

Sri Lanka imports soar to 17-month high in July 2021 amid money printing, exports

Imports at pre-pandemic highs despite lack of tourism revenues

3 min read

Sri Lanka prints Rs29bn as price controls undermine bill auction

The liquidity injected however has been sucked up by a statutory reserve ratio hike

1 min read

Sri Lanka CB chief Lakshman yearns for stable rupee amid money printing

I am personally not in favour of continuous depreciation of the currency based on our own past experience

12 min read

Sri Lanka opposition objects to the planned appointment of new CB governor

Ex-state minister Wikramaratne says there are conflicts of interest

1 min read

Sri Lanka seizes rice from private traders after broken deal

Government says millers broke agreements

4 min read

Sri Lanka exchanges IMF special drawing rights for US dollars

The central bank had 132 million SDRs by the end of August

1 min read

Sri Lanka forex reserves rise to US$3,550mn after IMF SDR flow

Reserves climb US$744.8mn

2 min read

Academic turned Sri Lanka central bank chief Lakshman resigns

He promised an alternative policy framework

5 min read

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