An Echelon Media Company
Sunday January 29th, 2023
Economy

Sri Lanka operators seek higher renewable tariffs, amid exchange rate expectations

With the rupee continuing to devalue in other 5 years 40 rupees will look like 20 rupees

January 29, 2023 4 min read

Sri Lanka top chamber less pessimistic on 2023 GDP contraction

Expects GDP change to be between 0 to 2 percent

January 28, 2023 1 min read

Acuity Knowledge Partners with Sri Lanka office to be bought by Permira

Acuity has a 500 person operation in Sri Lanka

January 28, 2023 1 min read

Sri Lanka, other defaulting nations have widely differing debt indicators: Expert

"This is sometimes over-emphasized… but this ratio at 120 is a lot."

January 27, 2023 8 min read
Sri Lanka central bank workers protest tax hike as governor defends painful measures

“This is true for most public servants, and we cannot bear this burden,” said one worker.

UK ready to consider financing assurances for Sri Lanka to secure IMF deal

Sri Lanka is cautiously optimistic that the IMF bailout package will come through in the first quarter.

Sri Lanka export advance payments can be retained for expenses: CB Governor

Exporter advance payments have converted before shipment by interpreting a rule

January 26, 2023 1 min read

Sri Lanka consumer confidence drops in December despite November gains

IHP’s Index of Consumer Sentiment (ICS) decreased 4 points to 16 points in December.

Himal Kotelawala
January 26, 2023 3 min read

Sri Lanka forex situation eased in December and January: CB Governor

The central bank bought 103 million dollars in December than it sold back

January 26, 2023 2 min read

Sri Lanka to discuss settling ACU, India emergency credits separately: CB Governor

India committed around US$3.9bn to Sri Lanka in 2022

January 26, 2023 1 min read

Sri Lanka prevented a worse contraction with rate hike: CB Governor

Economy to contracted 7.1 pct up to 3Q 2022

January 25, 2023 4 min read

Sri Lanka central bank holds policy corridor, expects market rates to fall

Inflation to trend down steeply

January 25, 2023 5 min read

Sri Lanka eyes Saudi investments for energy, real estate, Port City - Foreign Minister 

Sri Lanka's relationship with Saudi was hit by forced cremation under former president Gotabaya Rajapaksa

January 24, 2023 2 min read

Amid international pressure, Sri Lanka considers transparency on spending tax money

Finance Ministry will be told to compile reports on how the public tax money was spent

January 24, 2023 2 min read

Sri Lanka's state sector salary struggle likely to ease by April - cabinet spokesman 

Finance Ministry is struggling to pay whopping state sector salary bills for January

January 24, 2023 2 min read

Any Sri Lanka domestic debt to be part of negotiation process: CB Governor

Hopes to conclude talks in about six months

January 24, 2023 2 min read
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Latest Last
US Dollar 371.7127 371.6601
UK Pound 453.5962 453.9794
Euro 396.3156 396.4763
Aus Dollar 250.1862 251.1981
Yen 2.8251 2.7549
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.3961 4.3963
Korea Won 0.2820 0.2791
Oman Rial 943.2237 943.2268
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.8729 98.8786
Source: Central Bank/Indicative
pts %
S&P SL20 2,653.84 -1.51%
CSE All Share 8,420.26 -1.04%
Turnover Rs million 4,621,153,484 2,824,714,520
Source: CSE
Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
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 will have single digit inflation by year end: CB Governor

All efforts on speeding up IMF program

January 24, 2023 1 min read

Sri Lanka tries to unscramble egg crisis from price controls

Broiler meat prices collapse as price signals allowed to work without state interference

January 24, 2023 1 min read

IMF accepts India debt assurance for Sri Lanka, China, others awaited

Sri Lanka is engaged with other official bilateral creditors to obtain similar assurances

January 24, 2023 2 min read

Sri Lanka national inflation at 59.2-pct in Dec 2023

Food prices down for the third month

January 24, 2023 2 min read

Money to pay Sri Lanka state salaries on January 25 mostly found: Minister

Salaries will be paid on January 25

January 24, 2023 2 min read

Sri Lanka exporters getting advance payments in fix over forced fx conversion

Advance payments are converted before goods are shipped at least by two banks

January 23, 2023 2 min read

Sri Lanka central bank buys US$103mn from banks net in Dec 2022

The monetary authority operates a peg at 360 to the US dollar through a surrender rule

January 23, 2023 3 min read

Sri Lanka remittances up after tight money kills parallel FX gap, Pakistan down

Pakistan has seen its reserve fall from 17 to 4 billion US dollars over 12 months

January 23, 2023 6 min read

Sri Lanka gets first response from China over debt restructuring

China Exim Bank responds to Sri Lanka

January 22, 2023 2 min read

Sri Lanka's CEB engineers protest against high tax; warn to expend agitation 

Sri Lanka trade unions have started to protest against tax hikes; protesters warn of more agitation

Chanka Jayasinghe
January 20, 2023 2 min read
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