An Echelon Media Company
Sunday October 2nd, 2022
Economy

Sri Lanka tax officer union warns over RAMIS software, calls for parliament probe

The RAMIS system was originally to come from an Asian Development Bank loan but it had been rejected

October 2, 2022 2 min read

Crisis-hit Sri Lanka takes baby steps to boost dollar earnings

Sri Lanka is struggling to secure dollar earnings and that has threatened its fuel, gas imports.

September 30, 2022 4 min read

Sri Lanka sees drop in fish prices as supply improves

Kerosene price was increased by around 300 percent in August, since which supply has improved, fishermen said

September 30, 2022 2 min read

Sri Lanka inflation rises to 69.8-pct in September

Food prices up 94.9-pct in the past 12 months

September 30, 2022 2 min read
Sri Lanka girls from 'unimaginable' backgrounds driven sex trade by currency crisis: ex-President

Due to current economic conditions social problems were worsening,

Sri Lanka President points geopolitical rivalry for looming global economic crisis

Wickremesinghe says Sri Lanka is taking some painful reforms to come out of economic crisis

Sri Lanka hospitals to get Rs300mn in emergency supplies from JICA

Sri Lanka is still facing serious shortages of medicine due to the ongoing crisis

September 29, 2022 1 min read

Sri Lanka poultry farmers unable to make open account imports of maize

Open account channel for maize not open

Chanka Jayasinghe
September 29, 2022 2 min read

Sri Lanka legal alcohol consumption down 20-30-pct: Minister

75 percent of a bottle of alcohol is taxes

September 29, 2022 1 min read

Sri Lanka President allows imports of electric vehicles on expat worker permit

Electric vehicles for expat workers until Dec 31

September 28, 2022 1 min read

Sri Lanka keen to restart cancelled Japanese projects; Japan willing to lead creditor talks: PMD

He had also expressed an interest in exploring investment opportunities in renewable energy in Sri Lanka

September 27, 2022 2 min read
1

Hong Kong, GCC pegs, Vietnam hike rates after Fed as Sri Lanka eyes flexible policy

Now, we are going to run a Currency system which means that the moment we earn less, we spend less

September 27, 2022 5 min read

Sri Lanka to prioritise Singapore FTA, president tells Singapore PM in Tokyo

President Wickremesinghe is in Tokyo on a two-day official visit.

September 27, 2022 1 min read

Sri Lanka 's Inland Revenue collections top 60-pct of 2022 target by Aug: Minister

We have to collect taxes while the economy is contracting

September 26, 2022 1 min read

Sri Lanka rupee debt in US$20bn IFR hair cut as economy inflates

Sri Lanka central government rupee debt falls to US$32.4bn equivalent from US$50.5 billion

September 25, 2022 7 min read

Sri Lanka President to visit Japan, meet ADB chief in the Philippines

To join ADB Governors meeting

September 25, 2022 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 369.9103 369.9103
UK Pound 412.4602 400.9490
Euro 364.6306 360.0342
Aus Dollar 242.2604 241.7927
Yen 2.5686 2.5748
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4529 4.4476
Korea Won 0.2535 0.2528
Oman Rial 942.5852 942.5852
Saudi Riyal 96.5609 96.3494
UAE Dirham 98.7994 98.7994
Source: Central Bank/Indicative
pts %
S&P SL20 3,165.33 -0.11%
CSE All Share 9,931.07 -0.21%
Turnover Rs million 2,578,258,401 3,017,534,901
Source: CSE
Latest Last
3-m bill 29.35 30.31
6-m bill 28.29 28.51
12-m bill 28.44 28.26
5-yr bond 25.26 25.30
8-yr bond 25.87 26.01
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka foreign minister meets China's Wang Yi

Had a productive discussion

September 25, 2022 2 min read

Sri Lanka files motion to dismiss action of holdout bond holder

.

September 24, 2022 1 min read

Sri Lanka coconut prices fall further at weekly auction

Margin between highest and lowest prices narrowed this week

September 24, 2022 1 min read

Sri Lanka has no final decision yet on domestic debt re-structuring

Gross Financing Need projected to be over 30-pct of GDP without re-structuring

September 23, 2022 3 min read

Sri Lanka IMF deal nod could be Jan 2023

Private debt restructuring by 2Q 2023

September 23, 2022 3 min read

Sri Lanka's economic crisis forces public sector to let saree go as office attire

"Wearing a saree reduces productivity because we have to wear appropriate accessories such as heels"

Neshella Perera
September 23, 2022 2 min read
1

Sri Lanka rupee bonds see initial interest from foreign investors

High yields and IMF deal prospects may

September 23, 2022 2 min read

Sri Lanka gets backing from Japan, bi-lateral lender envoys for debt talks

23 Paris Club and Non Paris Club nations participated in the hybrid conference

September 22, 2022 2 min read

Sri Lanka holds "Ambassadors’ Forum" on debt restructuring, IMF programme

Sri Lanka suspended foreign debt repayment on April 12

September 22, 2022 1 min read

Crisis-hit Sri Lanka likely to resume China FTA talks along with India's CEPA: sources 

Sri Lanka is caught in a geopolitical cold war between China and India, analysts say

Shihar Aneez
September 22, 2022 3 min read
1 2 3 278