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Monday November 9th, 2026
Fiscal

Sri Lanka President explains problem as progressive taxes discredit reforms

If we do not bring revenues back to 2019 levels, foreign countries will not support us

January 30, 2023 6 min read

Sri Lanka, other defaulting nations have widely differing debt indicators: Expert

"This is sometimes over-emphasized… but this ratio at 120 is a lot."

January 27, 2023 8 min read

Sri Lanka central bank workers protest tax hike as governor defends painful measures

“This is true for most public servants, and we cannot bear this burden,” said one worker.

January 26, 2023 4 min read

Sri Lanka to discuss settling ACU, India emergency credits separately: CB Governor

India committed around US$3.9bn to Sri Lanka in 2022

January 26, 2023 1 min read
Sri Lanka discussing US$100mn in financing from OPEC Fund

.The 100 million will go to support a project linked to Sri Lanka's Mahaweli River

Sri Lanka to bring in 14 previously untaxed sectors into direct tax net: state minister

The Inland Revenue Department (IRD) has studied the income of persons engaged in the 14 sectors, said Siyambalapitiya.

Vehicle insurance to pay Sri Lanka state hospital for accident victims

Sri Lanka's state hospitals will claim a minimum of 25,000 rupees for treating accident victims from the insurance cover...

November 10, 2016 1 min read

Sri Lanka to charge 10-pct capital gains tax on property: Budget 2017

Sri Lanka will charge a 10 percent capital gains tax on immovable property, Finance Minister Ravi Karunanayake said, in ...

November 10, 2016 1 min read

Sri Lanka budget 2017: main tax hikes

ECONOMYNEXT – Sri Lanka’s government increased several taxes to raise revenue in its budget proposals for ...

November 10, 2016 4 min read

Sri Lanka to charge carbon tax; Rs2,500 fine for traffic violations: Budget 2017

ECONOMYNEXT - Sri Lanka will charge minimum tax of 2,500 rupee for traffic violations and also charge a carbon tax, the ...

November 10, 2016 1 min read

Sri Lanka to slam half a million fine on overstaying tourists; hike visa fees: Budget 2017

Sri Lanka will slam a million rupee (3,400 rupees) fine on overstaying tourists, and visa fees will also be hiked, a bud...

November 10, 2016 1 min read

Sri Lanka to charge debit tax bank withdrawals, 'easy cash'

Sri Lanka will charge a tax of 5 rupees for every 10,000 rupee transaction made by banks and financial institutions, a b...

November 10, 2016 1 min read

Sri Lanka to tax listed debt, unit trusts income; bond interest, EPF taxed at 14-pct

Sri Lanka will raise the withholding tax on bond interest from the current 10 percent to 14 percent, and remove an exemp...

November 10, 2016 1 min read

Sri Lanka to remove 100 items from CESS tax: Budget2017

Sri Lanka will remove 100 items from an import cess tax, Finance Minister Ravi Karunanayake said presenting a budget 201...

November 10, 2016 1 min read

Sri Lanka beckons foreign firms to set up HQ with zero corporate tax: Budget 2017

ECONOMYNEXT - Sri Lanka is inviting foreign companies to set up their headquarters in Sri Lanka, Finance Minister Ravi K...

November 10, 2016 1 min read

Sri Lanka renews plan to set up Exim Bank: Budget2017

Sri Lanka will set up an Export Import Bank, with a 10 billion rupee capital contribution from the tax payer, Finance Mi...

November 10, 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
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
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Source: Central Bank/Indicative

Foreign apartment buyers to borrow in Sri Lanka: Budget2017

ECONOMYNEXT - Foreign buyers of apartments in Sri Lanka will be allowed to borrow up to 40 percent of the value from loc...

November 10, 2016 1 min read

Sri Lanka to merge HDFC and SMIB, capital boosted: Budget2017

Sri Lanka will merge state-run Housing Development Finance Corporation and State Mortgage and Investment Bank, Finance M...

November 10, 2016 1 min read

Sri Lanka government to compete with Agoda, Airbnb, collect Rs25bn: Budget 2017

Sri Lanka's government will set up a common booking platform for hotels in the country in place of international booking...

November 10, 2016 1 min read

Sri Lanka to list Mobitel, Hyatt, Waters Edge, Grand Oriental: Budget2017

Sri Lanka plans to list Mobitel, a unit of Sri Lanka Telecom, the planned Hyatt Hotel building, Water Edge and Grand Ori...

November 10, 2016 1 min read

Sri Lanka to relax foreign borrowing limits of private firms: Buget2017

Sri Lanka will allow private firms to borrow more abroad but they have to hedge forex risks, Finance Minister Ravi Karun...

November 10, 2016 1 min read

Sri Lanka to give 5-year visas for foreign students:Budget2017

Sri Lanka will issue five year multiple entry visas for international students in the country, Finance Minister Ravi Kar...

November 10, 2016 1 min read

Sri Lanka to give Rs800,000 student loan for private degrees:Budget2017

Sri Lanka government support undergraduates who enter private tertiary education institutions with 800,000 rupee student...

November 10, 2016 1 min read

Sri Lanka add more regulations on chicken farmers; price controls remain: Budget 2017

Sri Lanka's chicken farmers will have to sell at least 40 percent of their output as price controlled whole chicken, Fin...

November 10, 2016 1 min read

Sri Lanka to allow import of CTC tea: Budget 2017

Sri Lanka will allow the import of tea produced on the cut-tear-curl method for export, Finance Minister Ravi Karunanaya...

November 10, 2016 1 min read

Sri Lanka to slap 5 percent tax on ethanol imports: Budget 2017

Sri Lanka will impose a 5 percent tax on ethanol imports and 2 percent tax on sugar to set up price stabilization fund f...

November 10, 2016 1 min read