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Thursday September 21st, 2023

Sri Lanka’s 2022 EPF returns falls to lowest, single digit in near two decades – CB data

A central bank analysis shows EPF return could fall further if DDO is not chosen

September 21, 2023 2 min read

Sri Lanka President, IMF MD discuss debt restructure, reforms

President Wickremesinghe is in New York attending the United Nations General Assembly meetings

September 21, 2023 1 min read

Sri Lanka state salary bill down to 55-pct of taxes in early 2023

State salary bill as a share of taxes has fallen to 55 percent of taxes in the first four months of 2023

September 21, 2023 3 min read

Sri Lanka, Nepal look to boost trade, tourism, and education opportunities

Potential to increase economic cooperation and enhance people to people contact through education opportunities

September 20, 2023 1 min read
Sri Lanka Aswesuma beneficiaries receive delayed welfare pay

As another phase of "Aswesuma" a payment of Rs.799.5 million for 113’713 beneficiaries have been paid for July

Sri Lanka aims to boost jobs for disabled; targets 10% in 2023

Sri Lanka has more than 1.6 million people with some kind of disabilities

Sri Lanka’s labor minister talks workplace rights with transgender community

Need to align labor laws with global standards like ILO’s C190 and C180

Apsara Rodrigo
September 19, 2023 1 min read

Sri Lanka business roundtable in NY to attract investment

Business meeting in New York saw participation from 40 US businesses keen on exploring investment and trade in SL

September 19, 2023 1 min read

Sri Lanka, USA strengthen bilateral trade and investment relations

Officials from both countries met for the 14th Trade and Investment Framework Agreement (TIFA) council meeting

September 19, 2023 1 min read

Sri Lanka seeks bilateral trade agreement with South Korea

Sri Lanka's President discussed the importance of finalizing a trade agreement between Sri Lanka and South Korea

September 19, 2023 2 min read

Sri Lanka to produce pomegranates to ‘save forex’ amid inflationism

After eight months, a tree will give a yield of 10 to 15 kilograms. A tree has a lifespan of about 35 years.

Nethmi Rajawasam
September 19, 2023 2 min read

Sri Lanka President World Bank chair discuss South Asian energy interconnection

Ranil Wickremesinghe has discussed ongoing economic reforms and sector growth plans with World Bank

September 19, 2023 1 min read

Report sought on Sri Lanka dam, tunnel safety after tremors

Assessment of the current safety conditions of all reservoirs, lakes, dams and water-carrying tunnels

September 19, 2023 2 min read

Sri Lanka hopes to resume road projects after debt restructuring, IMF review

Most road projects are suspended due to lack of funding after Sri Lanka declared bankruptcy

September 18, 2023 2 min read

Sri Lanka debt to GDP ratio down to 106-pct of GDP in June 2023 - Corrected

The exchange rate has depreciated somewhat since June

September 18, 2023 2 min read

Sri Lanka central bank sells $467mn in August

Net purchases negative for the third month

September 17, 2023 4 min read
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US Dollar 330.2942 315.1016
UK Pound 429.0139 401.1871
Euro 372.1704 343.1959
Aus Dollar 227.2526 211.5951
Yen 2.3820 2.1908
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Turnover Rs million 1,591,766,524.95 1,029,335,694.32
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3-m bill 21.72 21.79
6-m bill 19.55 20.31
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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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Sri Lanka 'deflation' drives manufacturing PMI in August

Driven by the manufacture of food & beverages sector, in response to the continuous downward revisions in retail prices

September 17, 2023 2 min read

Unpaid care work keeps Sri Lanka's women out of workplace: Researchers

Sri Lanka women are kept out of the workforce due to unpaid care work for the children and the elderly

Apsara Rodrigo
September 16, 2023 2 min read

Sri Lanka GDP contracts 3.1-pct in 2Q 2023

Construction down 23-pct

September 16, 2023 1 min read

Sri Lanka to conduct survey on unregistered migrants; offers houses

Minister says there are hardly any records on some Sri Lankan migrants

September 15, 2023 2 min read

More jobs for Sri Lankans in South Korea: Korean Labor Minister

Amendments in the South Korean EPS system will result in more foreign recruitments from Sri Lanka

Apsara Rodrigo
September 15, 2023 2 min read

Sri Lanka's controversial new central bank law certified by speaker

With IMF reserve targets it is not possible to operate a clean floating exchange rate

September 15, 2023 4 min read

Fitch downgrades Sri Lanka DDR bonds to 'Default', rupee rating to 'RD'

Four bonds not involved in the DDR rated 'C'

September 15, 2023 6 min read

Sri Lanka will need to wait out IMF review to review taxes: official

“Regardless, the government is not prepared to work outside the framework of the IMF programme,” he added.

September 14, 2023 2 min read

Sri Lanka meets IMF delegation for first review of fund facility

The inaugural meeting for the IMF's first review of the EFF programme took place at the Presidential Secretariat

September 14, 2023 2 min read

Sri Lanka COPF chair urges IMF to prioritise accountability, transparency as review begins

The FT story was on a lawsuit filed by the US government in the first week of September.

September 14, 2023 3 min read
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