An Echelon Media Company
Tuesday May 30th, 2023

Sri Lanka gets US$350mn budget support loan from ADB

Budget support loans ease cashflows of the government

May 29, 2023 2 min read

Sri Lanka draws up framework to sell green bonds

A second party opinion will be sought

May 23, 2023 1 min read

Sri Lanka cabinet approves incentives for Colombo Port City

Incentives and exemptions to be given to two categories

May 23, 2023 1 min read

Sri Lanka university lecturers to meet president on IMF-prescribed tax hike

"The government has so far not been sensitive to this issue," he said.

May 18, 2023 2 min read
Sri Lanka cabinet approves SOE reform policy to reduce burden on country

Policy is to transform state enterprises so that they will not be a burden to the country, a burden to the budget

IMF in constant dialog with Sri Lanka over DDR

We are here, it is part of the discussions we are having now

Sri Lanka EPF real return negative 47-pct in 2022, steep US dollar hair cut: Harsha

In US dollar terms the EPF has also been hit by a hair cut

May 15, 2023 2 min read

Sri Lanka making progress on IMF deal: Minister

Creditors are showing they want to sort out the debt issues

May 15, 2023 1 min read

Sri Lanka's less complex divestitures to be wrapped up in 2023

At the moment parties making inquiries about firms are directed to publicly available information

May 14, 2023 2 min read

Sri Lanka official creditor committee promises relief after formal request

It reiterates its invitation to other bilateral official creditors to formally join

May 10, 2023 4 min read

Sri Lanka's bilateral creditors meet on debt restructuring, China an observer: report

Virtual meeting co-chaired by Japan, France and India

May 10, 2023 2 min read

Sri Lanka to discuss US$200mn World Bank loan for welfare

A social safety net is a priority initiative under an International Monetary Fund program

May 9, 2023 1 min read

Sri Lanka banks say regulator assured sector stability in debt restructure

An overall debt restructuring plan is due to be announced later in in May

May 7, 2023 3 min read

Sri Lanka asks ADB to re-classify country to access cheaper funds after default

ADF only countries get access to the most concessional funds.

May 5, 2023 2 min read

Sri Lanka to announce debt restructuring strategy in May: state minister

“It is clear that we’re moving forward with a plan to lower the debt and tax burdens,” he said.

Himal Kotelawala
May 4, 2023 2 min read

Sri Lanka to hike Treasury Bill ceiling

By end March 2023 outstanding T-bill stock had reached Rs4,636bn

May 3, 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 289.8986 297.6055
UK Pound 357.3274 366.5521
Euro 310.0947 318.4855
Aus Dollar 188.4531 193.2296
Yen 2.0576 2.1257
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6214 3.6680
Korea Won 0.2261 0.2291
Oman Rial 776.9541 787.6684
Saudi Riyal 79.7546 80.8650
UAE Dirham 81.4508 82.5849
Source: Central Bank/Indicative
pts %
S&P SL20 2,428.92 -2.09%
CSE All Share 8,575.11 -1.40%
Turnover Rs million 518,927,793 893,539,637
Source: CSE
Latest Last
3-m bill 24.64 24.60
6-m bill 24.24 24.36
12-m bill 22.37 22.36
5-yr bond 24.98 24.79
8-yr bond 23.82 23.16
Source: Central Bank/Indicative
today yesterday
Overnight Money 16.49 16.49
Gilt Repo 16.50 16.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka Insurance units Litro Gas, Canwill to be 'carved out' before divestiture

Closing date for transaction advisors extended till

May 2, 2023 1 min read

Sri Lanka banks seek transparency, clarity on domestic debt 'optimization'

Voluntary optimization

May 1, 2023 5 min read

Sri Lanka President suggests blocking share sales of privatized plantations

At a meeting of a plantations reform committee

April 30, 2023 3 min read

Sri Lanka parliament nod for IMF Deal

Sri Lanka parliament endorsed the IMF reform and associated conditions to be implemented through a vote.

April 28, 2023 1 min read

Sri Lanka opted for some DDR to avoid further tax hikes: Minister

Trying to reach debt sustainability only by improving the primary balance worsened the socio-economic cost

April 27, 2023 2 min read

Sri Lanka exceeds IMF primary budget balance target for first quarter 2023

Primary surplus in balance, taxes up 56-pct, though a little below initial estimates

April 27, 2023 3 min read

S&P confirms Sri Lanka 'SD' sovereign rating, rupee debt outlook negative

Ratings could be lowered further if rupee debt is re-structured

April 26, 2023 11 min read

Sri Lanka to negotiate with Paris Club and China separately: President

China is expecting to work separately

April 26, 2023 1 min read

Sri Lanka EPF members will not be harmed in debt restructure: President

I would like to say that will not allow any harm to come to the beneficiaries

April 26, 2023 2 min read

Sri Lanka in talks for US$350mnn IMF deal linked ADB loan

The loan is to provide economic stability

April 25, 2023 1 min read
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