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Monday November 9th, 2026
Fiscal

Sri Lanka's rising political risks amid uncertain polls, IMF deal drag 

Sri Lanka sees new political risks since its sovereign debt default

February 7, 2023 6 min read

Sri Lanka’s doctors distribute anti-tax hike leaflets to train commuters

Doctors in Sri Lanka in general earn higher salaries than the average train commuter

February 6, 2023 3 min read

China says it will discuss Sri Lanka debt re-structuring during two-year moratorium

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February 4, 2023 5 min read

Sri Lanka sovereign bond holders write to the IMF

Raises matter relating to domestic debt restructuring and economic assumptions

February 3, 2023 4 min read
ADB approves Sri Lanka US$100mn power sector policy loan

This program will support reforms in the power sector introduced under the Electricity Act

Sri Lanka expects Hambantota port sale proceeds from January

Sri Lanka is expecting payments from China for the sale of Hambantota port to flow in from January 2017, Central Bank Go...

November 29, 2016 1 min read

Sri Lanka sharp tax changes, weak economic freedoms hurting progress

Sri Lanka's sharp hikes in tax rates and weak economic freedoms are undermining the hotel investment environment, despit...

November 29, 2016 3 min read

Sri Lanka could attract 2,500 Chinese companies: CB Chief

China has indicated that up to 2,500 companies looking to invest abroad could invest in Sri Lanka if the island can crea...

November 21, 2016 2 min read

Sri Lanka budget approved with more than two thirds majority

Sri Lanka's budget was approved by parliament Friday with an overwhelming majority of 107 votes, far in excess of what t...

November 18, 2016 1 min read

Sri Lanka top chamber backs tighter deficit; warns on interference in business

Sri Lanka's Ceylon Chamber of Commerce, the country's largest trade association, backed the proposed budget with a lower...

November 17, 2016 5 min read

Sri Lanka 'domestic manufacturers' to make drugs; fears of a canned fish repetition

Sri Lanka's cabinet of ministers had approved the setting up of domestic drug companies as joint ventures with State Pha...

November 17, 2016 2 min read

Sri Lanka tax hikes will strengthen state finances: Fitch

Sri Lanka's tax hikes will strengthen the revenue base, but some of the revenue assumptions look optimistic and governme...

November 16, 2016 4 min read

Sri Lanka to hunt for tax dodgers

ECONOMYNEXT – Sri Lanka’s Inland Revenue Department will carry out islandwide raids on businesses to rope ...

November 16, 2016 2 min read

Sri Lanka financial transaction tax to be paid by banks: Finance Minister

A debit tax on bank withdrawals will have to be paid by banks, Finance Minister Ravi Karunanayake said, amid rising conc...

November 16, 2016 1 min read

Sri Lanka may charge taxes on listed bonds issued from this month

Sri Lanka is likely to exempt taxes on future interest of bonds issued before the budget in November, but is likely to t...

November 15, 2016 1 min read
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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
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Source: Central Bank/Indicative
pts %
S&P SL20 5,656.91 -0.43%
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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
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Source: Central Bank/Indicative

Sri Lanka group laments reduced control of rulers after 2017 budget

An activist group has lamented a perceived reduction in the control of Sri Lanka's elected ruling class and bureaucrats ...

November 15, 2016 6 min read

Green lobby exempted from VAT while healthccare draws tax

Sri Lanka's renewable energy businessmen, who are making billions of rupees by selling high priced power to the people, ...

November 15, 2016 1 min read

Sri Lanka hikes carbon tax 80-pct; fears of trouble ahead for motorists

Sri Lanka is raising a carbon emission tax for cars by 80 percent to 2,000 rupees a media report said, while the fees wi...

November 13, 2016 2 min read

Sri Lanka banks, customers, hit by contradictory debit taxes

Sri Lanka budget for 2017 has slapped penal debt taxes on bank withdrawals which claimed to boost banking transactions, ...

November 12, 2016 2 min read

Sri Lanka 2017 budget in subsidized credit push; housing loans below policy rate

Sri Lanka's budget for 2017 has proposed multiple subsidized credit programs including 370 billion rupees of long term h...

November 12, 2016 4 min read

Sri Lanka slash tax on commercial vehicles, smaller cars go up - Update

The Finance ministry has revised the tax rates on vehicles making smaller cars and three wheelers more expensive, but co...

November 11, 2016 2 min read

Sri Lanka budget proposes slashing car, trishaw loans

Sri Lanka's budget for 2017 has proposed slashing the loans given to buy car loans to 50 percent of the value from the c...

November 11, 2016 1 min read

Sri Lanka's Hambantota port loses Rs18.8bn a year

Sri Lanka's Hambantota Port, built by a Chinese firm with a loan from China during the ousted Mahinda Rajapaksa regime, ...

November 11, 2016 1 min read

Sri Lanka to encourage re-export of used cars

Sri Lanka is proposing the re-export of used cars older than five years to ease congestion on already overcrowded roads,...

November 11, 2016 1 min read

Sri Lanka hikes taxes, targets lower deficit in 2017

Sri Lanka hiked taxes, including on pension funds of private sector workers, and held state salaries and pensions for th...

November 11, 2016 3 min read