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Sunday July 25th, 2021
Economy

Sri Lanka national inflation at 6.1-pct in June 2021, prices jump 1.5-pct

Powell bubble is also firing up global commodity prices

3 min read

US retracts Vietnam 'currency manipulation' claim, repeats lie on 'one sided' interventions

Vietnam intervened heavily in forex markets when Yellen tightened policy in 2014/15 and 2018

3 min read

Vietnam promises US it will not devalue, dreaded Sri Lanka style 'monetary modernization' looms

Governor Thi Hong insists monetary policy of strong Dong is for stability not for Mercantilism

3 min read

Sri Lanka vaccinates 30-pct of population with first dose, most with Sinopharm

Over the past week 1.4mn doses administered

3 min read

Some Sri Lanka firms could be hit on import controls as reserves fall: Fitch

Import substitution firms to benefit, essential goods may be neutral

Sri Lanka liquidity down amid reserve outflows, overnight rates edge up

Overnight rates highest since July 2020 rate cut but below ceiling rate

Sri Lanka BOP deficit tops billion dollars in May, trade gap soars amid money printing

Trade gap up to May 2021 soars to 3.6bn, higher than the 3.2bn in 2019 with no import controls

2 min read

Sri Lanka could double exports to US$20bn with organic crops after fertilizer ban: Trade Minister

"If we make the country organic we can earn 20 billion US dollars in two years." the minister said

Imesh Ranasinghe

3 min read

Sri Lanka exports up 9.4-pct in June 2021

US, UK, Germany leads

2 min read

Sri Lanka disputes Moody's downgrade warning

Action is ill-judged and un-acceptable says Finance Ministry

3 min read

Sri Lanka 'Caa1' sovereign rating on downgrade review by Moody's

Low forex reserves

9 min read

Sri Lanka's central bank 'saves' US$27mn in forex reserves

CB held T-bill stock sold down by Rs5.6bn after bill auction

4 min read

Sri Lanka apparel exporters hopeful of GSP+ extension

Says authorities addressing concerns

2 min read

Sri Lanka monetary and fiscal policies for export industry, but businesses not ready: de Zilwa

"I mean if you look at what we are doing its absolute garbage"

3 min read

Watch: Covid-19 in Sri Lanka and business: What next?

#Restart21 (Episode 1) Kasturi Chellaraja, Hilmy Cader, Chanakya Dissanayake, and Kenneth De Zilwa

1 min read

Sri Lanka's Bank of Ceylon 'CCC' rating confirmed amid operating risks

Credit growth driven by loans to state and SOEs

9 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 199.9000 199.9019
UK Pound 273.9929 273.5957
Euro 235.8120 235.9142
Aus Dollar 147.0165 146.9979
Yen 1.8150 1.8253
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6842 2.6681
Korea Won 0.1736 0.1740
Oman Rial 519.2343 519.2392
Saudi Riyal 53.2910 53.2972
UAE Dirham 54.4220 54.4232
Source: Central Bank/Indicative
pts %
S&P SL20 3,095.09 0.43%
CSE All Share 8,068.33 0.57%
Turnover Rs million. 4,885,333,805.80 3,078,656,097.55
Source: CSE
Latest Last
3-m bill 5.13 5.11
6-m bill 5.16 5.15
12-m bill 5.21 5.20
5-yr bond 7.34 7.33
8-yr bond 7.88 7.86
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.00 5.00
Gilt Repo 5.00 5.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka finance minister Basil Rajapaksa meets foreign envoys on economy

Green economy and vaccination among topics

1 min read

Sri Lanka import controls shattered by credit, money printing in May

Investment and intermediate goods 'permitted' by bureaucrats surge

5 min read

Sri Lanka public currency holdings spike in Covid-19 amid money printing talk

Precautionary demand high in uncertainty

5 min read

Sri Lanka sees some recovery in 2021 state revenues, but spending accelerates

In March 2021 revenues recovered to Rs142bn, better than the 2019 level but spending went up to 308bn from 138.

3 min read

Sri Lanka central bank plans to acquire US$650-700mn from forex surrenders

At least 350mn for the rest of 2021

2 min read

Sri Lanka discusses loans with European Investment Bank for green projects

The EIB had offered to provide technical expertise and assistance to Sri Lanka in the sphere of green bonds.

Mahadiya Hamza

1 min read

UN says Sri Lanka should not use Coronavirus quarantine to suppress peaceful protests

"Vital that restrictions .... against the pandemic don't go beyond the legitimate protection of #PublicHealth

1 min read

Basil appoints five committees to devise right actions for economy; fertilizer ban stays

"There were many arguments and counter – arguments and opinions expressed at the meeting"

1 min read

Sri Lanka's Ceylon Petroleum Corporation lost Rs57bn to May 2021: Minister

Un-hedged dollar loans causing forex losses

3 min read

Sri Lanka GDP grows 4.3-pct in 2021 first quarter

Activities at near normal and recovers from a 1.8-pct contraction

2 min read

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