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Monday November 9th, 2026
Economic Crisis

WHT 100-pct increase strain on Sri Lankans reliant on interest income: Former minister

The doubling of the withholding tax from 5 percent to 10 percent adds strain on low and middle-income earners

December 20, 2024 1 min read

Sri Lanka to pay Rs11bn to Aswesuma beneficiaries on Dec 13

1,707,311 beneficiary families are eligible

December 12, 2024 1 min read

Sri Lanka must conclude bond exchange in December to sustain momentum: Former Minister

"It is crucial for the government to conclude the bond exchange in December to sustain this momentum

December 6, 2024 1 min read

Over 60 Sri Lankans in ITJP list for sanctions, travel bans for economic and human rights crimes

Sri Lanka has long denied of alleged human rights abuses; ITJP also included economic crimes

December 5, 2024 5 min read
Sri Lanka to create Economic Surveillance Committee to monitor conflict impact

Will include businessmen who will make recommendations to cabinet

EXPLAINER-Navigating Sri Lanka’s high-stakes economic tightrope amid soaring oil prices

Sri Lanka has already raised fuel prices over soaring global oil prices after U.S./Israel's attack on Iran

Sri Lanka water tariff hike to unlock $200 mln ADB fund for budget support - minister 

Sri Lanka's economic crisis has shut down the doors for commercial fundings

July 19, 2023 2 min read
1

Sri Lanka will discuss debt restructuring separately with China-minister

China will not get anything better than the others, assures Sri Lanka's foreign minister

Shihar Aneez
July 4, 2023 3 min read

Sri Lanka DDR will not affect stability of any public or private bank: President

Sri Lanka will announce its DDR this week amid market speculations over instability in financial and banking sectors. 

June 27, 2023 2 min read
1

Sri Lanka ready to increase welfare spend minister says as appeals mount

Sri Lanka was planning to allocate 208 billion for welfare benefits under the new 'Aswesuma' scheme

Shihar Aneez
June 27, 2023 2 min read

Sri Lanka to see single digit food inflation in July - Trade Minister 

Sri Lanka's food inflation hit over 80 percent after the economic crisis last year

June 22, 2023 2 min read

Sri Lanka finally set for proper targeting on 208 bln rupee fresh welfare programme

The government plans to start annually 208 billion rupee worth poverty alleviation programme from July

Shihar Aneez
June 20, 2023 2 min read

Sri Lanka chamber outlines alternative financing mechanisms

Sri Lanka Chambers of Commerce has suggested alternative finance options for the island nation

June 19, 2023 8 min read

Sri Lanka above 18 voters should open tax files - State Minister

“If citizens at the age of 18 years can vote for the President, choose how a country is led, then they should pay tax....

Neshella Perera
June 17, 2023 2 min read
2

Sri Lanka women prevented from paid work by childcare, domestic work

Economic crisis reduced tuition, requiring more time for childcare

Apsara Rodrigo
June 16, 2023 3 min read

India extends under utilized $1 bln credit facility to Sri Lanka by one year 

The agreement is extended for the remaining $423.25 million - State FinMin

May 30, 2023 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 331.7485 330.8514
UK Pound 443.7468 438.3450
Euro 372.5204 371.0168
Yen 2.0969 2.0916
Aus Dollar 233.0533 231.1659
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.4948 3.4202
Korean Won 0.2499 0.2479
Oman Rial 861.6397 859.3320
Saudi Riyal 88.4403 88.0955
UAE Dirham 90.3209 90.0766
Source: Central Bank/Indicative
pts %
S&P SL20 5,656.91 -0.43%
CSE All Share 19,927.30 -0.28%
Turnover Rs 1457.79 million 1193.67 million
Source: CSE
Latest Last
3-m bill 7.61 7.84
6-m bill 7.91 8.26
12-m bill 8.23 8.3
3-yr bond 9.24 9.25
5-yr bond 9.82 9.56
8-yr bond 10.50 10.48
Source: Central Bank/Indicative
today yesterday
Overnight Money 7.70 7.69
Gilt Repo 7.74 7.72
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka President cleared to discuss cancelled LRT after soured Japan relations

Gotabaya Rajapaksa unilaterally cancelled Japanese financed $1.5 billion LRT, Japan, India involved ECT

May 30, 2023 2 min read

Sri Lanka President bets for China-inclusive Asia-led economy

“We want an Asia that can accommodate the Indo-Pacific, the BRI, as well as the ASEAN Outlook on the Indo- Pacific”

May 25, 2023 4 min read

Sri Lanka military to claim expenses of unreturned military athletes from France

All members have visas for up to 3–6 months

May 15, 2023 1 min read

Sri Lanka exports to see dampening demand amid global recession - CB official

“On the global front, if you see, maybe this year and first half of next year,

Nethmi Rajawasam
May 10, 2023 2 min read

World Bank warns Sri Lanka of worsening poverty amid IMF adjustments

Poverty has already doubled last year with higher inflation and rising unemployment.

Melkishiya Andrew
May 8, 2023 3 min read

Sri Lanka to lose billion rupees in alcohol tax from Vesak store closure

"The decision to close liquor stores for three days will cost the government 337 million rupees per day".

May 3, 2023 2 min read
1

China attempts to prove its close cooperation with debt defaulted Sri Lanka

"We are always "providing free charcoal in the snow" instead of "collecting rented-umbrellas in the rain", - CMG chief

April 24, 2023 2 min read

Sri Lanka meets most IMF commitments, transparency platform not done

An IMF program typically has prior actions before it is approved which has to be met.

April 21, 2023 2 min read

IMF takes Sri Lankan deal into YouTube to explain details amid opposing views

Sri Lanka has seen rising opposition against higher taxes and "privatizing" state assets

Shihar Aneez
April 9, 2023 3 min read
1

Sri Lanka canteens to cut milk tea price after rupee appreciation

From next week the maximum price of a cup of milk tea will be 90 rupees

March 29, 2023 3 min read