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Monday November 9th, 2026
Economic Crisis

Sri Lanka aims for ambitious 40-pct direct taxes by 2025

Sri Lanka has been in process to boost tax revenue in line with the IMF commitments

July 18, 2024 3 min read

Sri Lanka says 1.3mn register for tax number in June, targets 7.4mn

2.3 million people have got Taxpayer Identification Number (TIN)

July 6, 2024 1 min read

Sri Lanka SIS warned not to grant wage hike for protesting University staff: State Minister

Non-academic staff at state universities have been protesting for 65 days demanding wage hike

July 5, 2024 2 min read

Sri Lanka could face unrest as in Kenya if economic stability not established: President

"If we do not establish economic stability in Sri Lanka, we could face similar unrest,"

June 28, 2024 2 min read
Sri Lanka welfare scheme triggers male labour force decline: IPS

Aswesuma a well-targeted system, but long-term success depends on how it can support individuals graduate from poverty

Sri Lanka inks restructured bilateral debt deal with France

France is the fourth largest public creditor to Sri Lanka

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
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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
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’s CMC switches to vegetables amid looming food crisis

Sri Lanka is facing a looming food crisis following chemical fertilizer ban, economic crisis

Melkishiya Andrew
November 22, 2022 2 min read

Sri Lanka national inflation eases to 70.6-pct in October 2022 from record high

The Central Bank has expected the inflation to ease from the last month.

November 21, 2022 1 min read

Sri Lanka sees lack of fashion designers amid economic crisis

Colombo Fashion Week's Luxury Edition started this week at Galle Face Hotel

Melkishiya Andrew
November 19, 2022 2 min read
1

Sri Lanka markets skeptical over state finmin's domestic debt restructure comments

Sri Lanka stock, rupee, bond markets are expecting the worst in the event of local debt restructuring

November 17, 2022 2 min read
1

Sri Lanka analysts frown upon Wickremesinghe's high defence budget 

Sri Lanka's defence budget is almost equal to the total of education, health allocations

Mahadiya Hamza
November 15, 2022 3 min read
1

Crisis-hit Sri Lanka targets more tax revenue in 2023 budget; concerns on SOEs, spending remain

Budget has not focused on restructuring key loss making SOEs, govt spending

Shihar Aneez
November 14, 2022 5 min read

Sri Lanka 2023 budget aims to create modern economy targeting youth

Wickremesinghe presents his first budget after the country's economic, political crisis

November 14, 2022 1 min read

REPEAT: Crisis-hit Sri Lanka's 2023 budget aims to target subsidies, private-sector driven economy

Wickremesinghe delivers crucial budget amid economic crisis, sovereign default, geopolitical cold war

Shihar Aneez
November 14, 2022 4 min read

REPEAT: Sri Lanka's reform-oriented 2023 budget likely to compromise on bold policies

Moving out of economic crisis will be the focus of budget, but political concerns weigh heavy.

Shihar Aneez
November 14, 2022 4 min read

Crisis-hit Sri Lanka's 2023 budget aims to target subsidies, private-sector driven economy 

Wickremesinghe delivers crucial budget amid economic crisis, sovereign default, geopolitical cold war

Shihar Aneez
November 14, 2022 4 min read