Notable
PM seeks employment opportunities for Sri Lankans with shipping companies.
"The Sri Lankan rupee has appreciated by approximately 8 % against the US dollar so far in 2024."
Around 700,000 Sri Lankans have left the country for foreign jobs legally in 27 months through March 2024
Ceylon Chamber of Commerce has all political parties to support the continuity of SOE reform
This was achieved without a single financial institution failure governor tells forum
Sri Lanka was contraction in credit growth after 2022 economic crisis
Moving out of economic crisis will be the focus of budget, but political concerns weigh heavy.
Sri Lanka has revised down tourism revenue target to $1.5 bln this year from $2.5 bln early this year
Chambers say protests may adversely impact economy, tourism
Tax hikes proposed when people across the country are suffering of lower disposable income, higher cost of living
SriLankan pilots are applying for Qatar Airways, Emirates vacancies after tax hike proposal - sources
Malnutrition has increased rapidly in Sri Lanka due to unprecedented economic crisis
Children in Sri Lanka forced to leave school due to economic crisis
Proposed tax hikes will take Sri Lanka's tax structure similar to 2019
There won't be any overnight benefits to the market from the proposed tax hikes - analysts
Effective income taxes for some categories have been raised to around 29% from 8% earlier - analysts
| 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 |
| 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 |
| 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 |
| 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 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
Sri Lanka is facing acute shortage of printing material due to forex shortage to import
Sri Lanka's political stability is crucial for reforms, to come out of an unprecedented economic crisis.
September tourist arrivals have plunged to lowest in 11 months.
Sri Lanka is struggling to secure dollar earnings and that has threatened its fuel, gas imports.
Sri Lanka has sought Japan's assistance to facilitate debt restructuring talks
Sri Lanka's debt restructuring is caught in geopolitical cold war
The country is yet to see the impacts of economic crisis easing.
Sri Lanka has one state employee for 14 people
Sri Lanka is facing a looming food shortage after ban on fertilizer import
Sri Lanka has expressed its willingness to work with UNDP and continue its cooperation.
Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/20) and Privacy Policy and Cookie Statement (updated 1/1/20). Your California Privacy Rights. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Condé Nast. Ad Choices.
Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
© 2023 Echelon Media (PVT) Ltd. All Rights Reserved
2 min read