An Echelon Media Company
Monday November 9th, 2026
Fiscal

Sri Lanka in difficult situation, has to implement unpopular decisions: Treasury secy

Lack of financial discipline was the main reason

January 3, 2023 2 min read

Sri Lanka budget spending to prioritize arrears, essential services

Officers to be made personally liable for spending without prior budgetary provisions

January 2, 2023 2 min read

SriLankan Airlines halts coupon payments on bond

The bond has a sovereign guarantee

December 29, 2022 1 min read

Sri Lanka's sovereign bondholders to play hardball over domestic re-structuring: report

International bondholders are likely to reject any debt restructuring proposal that doesn’t include local obligations

December 20, 2022 2 min read
Sri Lanka budget deficit implodes 56-pct to April 2024, interest bill eases

Current account deficit still wide. Primary balance is surplus due to interest bill exceeding overall deficit

Sri Lanka government repays foreign debt on a net basis in 1Q 2024

Foreign financing was a net repayment of equivalent to Rs14.9bn in the first three months

Sri Lanka in move to clear VAT confusion after court shock

Sri Lanka is likely to move an amendment to a value added tax bill now in parliament to accommodate a Supreme Court deci...

July 11, 2016 1 min read

Sri Lanka 2015 foreign debt up 228.7 bln rupees on depreciation

COLOMBO, July 7 (Reuters) - Sri Lanka's foreign debt increased by 228.7 billion rupees ($1.57 billion) last year due to ...

July 7, 2016 1 min read

Sri Lanka import duty revenue up 74-pct in Jan-April 2016

ECONOMYNEXT – Sri Lankan government tax increases have begun to yield results in the first four months of 2016, w...

July 4, 2016 2 min read

Sri Lanka President intervenes in VAT hike

Sri Lanka's President Maithripala Sirisena is intervening directly in a recent value added tax hike made without parliam...

July 4, 2016 3 min read

China remains Sri Lanka’s biggest funder in Jan-April 2016

Foreign lenders committed US$855.4 million to fund development projects in Sri Lanka during the first four months in 201...

July 3, 2016 2 min read

Sri Lanka vehicle tax revenues down in early 2016 after hike

Excise tax revenues from vehicles fell 10.6 percent to 59.433 billion rupees in the first four months of 2016 from a yea...

July 3, 2016 1 min read

Sri Lanka's budget deficit to April 2016 narrows

Sri Lanka's budget deficit fell 14 percent in the first four months of the year to 233.4 billion rupees, down from 271.6...

July 1, 2016 2 min read

Sri Lanka budget deficit at 6.1-pct of GDP in March

ECONOMYNEXT - Sri Lanka has run budget deficit of 6.1 percent of gross domestic product or 180 billion rupees in the fir...

June 23, 2016 2 min read

Sri Lanka capital gains tax not to be retrospective says minister amid uncertainty

ECONOMYNEXT - Sri Lanka is expecting finalize capital gains tax legislation within a month, and it is not expected to be...

June 22, 2016 2 min read

Sri Lanka's state LakSathosa shops lose Rs3.4bn in 2015, turnover down

Sri Lanka's LakSathosa, a state-run retail network mired in corruption scandals and has lost 3.4 billion rupees in 2015,...

June 21, 2016 1 min read
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

Market-based Sri Lanka fuel, electricity pricing from December

ECONOMYNEXT – Sri Lanka’s government has agreed to introduce automatic pricing mechanisms that ensure reta...

June 15, 2016 2 min read

Delaying reforms could derail Sri Lanka growth, IMF warns

ECONOMYNEXT – The International Monetary Fund (IMF) said Sri Lanka has good growth prospects if it puts its econo...

Rohan Gunasekera
June 15, 2016 3 min read

Sri Lanka Prime Minister revives capital gains tax proposal

ECONOMYNEXT - Sri Lanka will charge capital gains tax, Prime Minister Ranil Wickremesinghe told parliament, reviving a t...

June 10, 2016 2 min read

Sri Lanka revises down revenue target after tax amendments

COLOMBO (Reuters) - Sri Lanka has reduced its government revenue target for 2016 due to tax amendments in this year's bu...

June 8, 2016 2 min read

Sri Lanka new tax shock for non-electric cars

ECONOMYNEXT, Sri Lanka's latest revision of taxes on cars has triggered price rises across the board, except for totally...

May 31, 2016 2 min read

Japan to give budget support to Sri Lanka; loan US340mn for power and water

ECONOMYNEXT - Japan fund a 38 billion yen (340 million dollar) expansion of Sri Lanka's power and water supply system an...

May 28, 2016 1 min read

Sri Lanka cuts tax on smaller electric cars, Tesla EV prices to soar

ECONOMYNEXT - Sri Lanka has cut taxes on popular mid-sized electric cars from 2.7 million to about 1.7 million rupees an...

May 28, 2016 2 min read

Sri Lanka ups taxes on larger cars, SUVs up by two million - Update

ECONOMYNEXT - Sri Lanka has cut taxes on small cars with engines capacity below 1,000 cubic centimetres but upped taxes ...

May 27, 2016 1 min read

Sri Lanka expects foreign aid to finance most of Rs1.7bn reconstruction

ECONOMYNEXT - Sri Lanka is expecting foreign aid to finance at least 75 percent of the 1.7 billion dollars of property d...

May 26, 2016 2 min read

Sri Lanka's uninsured flood victims covered by state insurance: Ravi

ECONOMYNEXT - Sri Lanka's uninsured flood and landslide victims can submit claims to the disaster management office to g...

May 25, 2016 1 min read