An Echelon Media Company
Monday November 9th, 2026
Economic Crisis

Sri Lanka’s canceled Japan-funded LRT could be “possible future project”: Japanese envoy

Sri Lanka's ex-leader Gotabaya Rajapaksa unilaterally canceled LRT in 2021

July 24, 2024 2 min read

Without bank account, 135,000 Sri Lanka’s Aswesuma beneficiaries can’t receive funds

Sri Lanka has already selected 1.8 million Aswesuma beneficiaries

July 22, 2024 2 min read

“Huge responsibility” delays Sri Lanka’s SOE restructuring: State FinMin

Sri Lanka has committed to SOE restructuring in return for IMF loan after debt default

July 19, 2024 3 min read

Sri Lanka announces Rs13bn financial aid package to boost MSMEs

The subsidized loans at 7 and 8 percent will be offered through 15 financial institutions,

July 18, 2024 2 min read
EXPLAINER - Nepal in turmoil: how protests shook a nation and changed its future?

Similar to Sri Lanka, protesters continued their protests amid violence until PM Oli's government resigned

Sri Lanka President discusses investment policy reforms with IMF mission

IMF representatives "agreed to extend the necessary support to maintain economic stability

Sri Lanka president to provide free rice for poor amid rising discontent

Sri Lanka sees new anti-government protest amid high cost of living, taxes

January 16, 2023 2 min read
1

Despite strict measures, Sri Lanka's illegal migration continues as crisis takes toll

Sri Lanka saw number of boat people increasing over 11 folder last year

Chanka Jayasinghe
January 16, 2023 2 min read

Sri Lanka talks with China Exim Bank positive: Minister

Delay in Sri Lanka's debt restructuring has dragged the IMF approval for a $2.9 billion loan

January 13, 2023 2 min read
1

Sri Lanka businesses see tax hike pressure, lower sales - analysts 

Businesses in Sri Lanka are preparing for a tax shock from this month

Melkishiya Andrew
January 9, 2023 3 min read

Sri Lanka boat people detentions soar over 10-fold in 2022

Australia the top destination

January 9, 2023 1 min read

Sri Lanka's LG polls may derail President's reform agenda, delay IMF loan - analysts

Polls may increase crisis-hit Sri Lanka's uncertainty amid debt restructuring, IMF loan delay

Shihar Aneez
January 9, 2023 4 min read

After gloomy 2022, Sri Lanka CB eyes stability in growth, interest rate

Sri Lanka's economy estimated to be contracted 8 pct in 2022, the worst since country's independence

January 4, 2023 3 min read

IMF chief paints gloomy picture on global economy over China's slowdown

IMF chief says working hard with Sri Lanka, other debt-ridden nations

January 2, 2023 2 min read

Sri Lanka will not hire state workers despite retirements amid IMF deal

Sri Lanka has over 1.4 million state workers for 22 million population.

Neshella Perera
December 31, 2022 2 min read

Crisis-hit Sri Lanka's govt expects not to rely on money printing in 2023 

Sri Lanka's inflation hit record high of 73% in September after money printing-led currency collapse

Neshella Perera
December 31, 2022 2 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

Bad loan provisions erode Sri Lanka banks' profit amid looming domestic debt restructuring

Banking sector likely to collapse if government decides for domestic debt restructuring-analysts

Mahadiya Hamza
December 28, 2022 4 min read
1

Sri Lanka seizes crystal meth, kush in dolls, food

The parcels had been mailed from Spain, United Kingdom, Germany, Canada and The Netherlands.

Neshella Perera
December 23, 2022 1 min read

Sri Lanka trains more teachers for IT subjects

There are approximately 20,000 IT job openings in the public and private sectors

December 21, 2022 2 min read

China to give RMB 90 million to School uniform

The first batch containing three million meters of finished fabric has already left China

December 19, 2022 1 min read

Crisis-hit Sri Lanka to open new university for fresh teachers as outflow, retirement hurt   

More teachers are leaving the country after economic crisis; Some have retired after age reduced

Neshella Perera
December 17, 2022 2 min read
1

Sri Lanka holds delayed third bilateral creditor meeting on debt restructuring  

The third meeting was originally scheduled to be held on November 17.

December 15, 2022 2 min read

Sri Lanka parliament pass final reading of 2023 budget amid president hints unpopulour decisions

Sri Lanka leader sees tough time ahead

December 8, 2022 2 min read

Sri Lanka aims foster parents system for 40,000 children to face malnutrition

The number of malnourished children is on the rise due to Sri Lanka's economic crisis.

November 28, 2022 2 min read

Tax hikes could force Sri Lanka exporters shift to other countries - exporters

New tax hikes will be effective from December 1

Roshani Fernando
November 26, 2022 3 min read
1

Sri Lanka's tax hike will help curb inflation, cut interest rates faster - cenbank chief 

Sri Lanka's increased tax rates will be effective from December 1

November 25, 2022 2 min read
1