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Monday November 9th, 2026
Fiscal

Sri Lanka 2023 budget proposes logistic hubs to boost trade

Sri Lanka has been in the process of coming out of an unprecedented economic crisis

November 16, 2022 1 min read

Sri Lanka surtax on fuel imports to recover Rs700bn monetary instability loan

The surcharge tax will be used over 10 years to recover the money

November 16, 2022 5 min read

Sri Lanka analysts frown upon Wickremesinghe's high defence budget 

Sri Lanka's defence budget is almost equal to the total of education, health allocations

November 15, 2022 3 min read

Sri Lanka has to rationalize spending, no point in just raising taxes: Treasury Secretary

Increase of the revenue and also the reduction of expenditure has to go hand in hand

November 15, 2022 3 min read
Sri Lanka Railways asks squatters to register online

"All unauthorized occupants who do not register by that date will be removed from railway premises."

Panel allows Sri Lanka central bank staff to get high salaries

The panel has said that individuals should be given increments on a 'meritocracy'

Sri Lanka must cut budget deficit, tax people more: ADB president

ECONOMYNEXT – Sri Lanka needs to work on fiscal consolidation and reduce the budget deficit and raise revenue, vi...

February 23, 2016 2 min read

Sri Lanka probe uncovers road building scam in Kotte

ECONOMYNEXT - A probe initiated by Deputy Minister Harsha de Silva has uncovered a scam where road contractors in his el...

February 22, 2016 2 min read

ADB shifting focus on Sri Lanka's transport, education and energy

ECONOMYNEXT - The Asian Development Bank will shift its lending to expressways, rail, higher education and renewable pow...

February 19, 2016 2 min read

Sri Lanka to move towards taxing capital: PM

ECONOMYNEXT - Sri Lanka will progressively move to tax capital in the future and reduce dependence of taxing less rich p...

February 16, 2016 3 min read

Sri Lanka tax policy that promotes hard alcohol use is 'shocking': beer maker

ECONOMYNEXT - Sri Lanka's largest beer maker that has seen sales fall as taxes on soft alcohol were raised in quick succ...

February 14, 2016 3 min read

Sri Lanka uncovers rice scam at LakSathosa

ECONOMYNEXT - State owned enterprise Lak Sathosa, which is propped up at a cost to the people with Treasury support has ...

February 11, 2016 2 min read

Sri Lanka's 2015 budget deficit tops 6.0-pct of GDP by November

ECONOMYNEXT - Sri Lanka's budget deficit has topped 690 billion rupees by November 2016, higher than a revised out-turn ...

February 10, 2016 3 min read

Sri Lanka has to trim budget deficit urgently: IMF

ECONOMYNEXT - Sri Lanka has to trim its runaway budget deficit "urgently" to and raise more taxes, the International Mon...

February 5, 2016 3 min read

Sri Lanka earns Rs232bn from vehicle taxes in 2015

ECONOMYNEXT - Sri Lanka has earned 232 billion rupees from vehicle taxes in 2015, Finance Minister Ravi Karunanayake sai...

February 1, 2016 2 min read

Sri Lanka IMF talks points to austerity ahead: economist

ECONOMYNEXT – Sri Lanka’s desire to get a loan from the International Monetary Fund (IMF) indicates the is...

January 25, 2016 2 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
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka telco outlook upgraded after scrapping of punitive taxes

ECONOMYNEXT - Fitch Ratings said it had upgraded the outlook for Sri Lanka telecom operators to stable from negative aft...

January 18, 2016 2 min read

Sri Lanka businesses in quandary after tax deferment

ECONOMYNEXT - Sri Lanka's business are wondering what to do after collecting value added and a turnover tax new, based o...

January 14, 2016 2 min read

Sri Lanka delays removal of VAT from retail trade

ECONOMYNEXT - Sri Lanka has delayed the removal of value added tax from wholesale trade and the increase in a turnover t...

January 13, 2016 2 min read

Sri Lanka govt borrowing could crowd out pvt sector: World Bank

ECONOMYNEXT – Increased borrowing by Sri Lanka’s government could hurt prospects for investment by the pri...

January 11, 2016 1 min read

Sri Lanka tax-payers fork out Rs600mn for state plantations

ECONOMYNEXT - Sri Lanka's tax payers have forked out 600 million rupees through the Treasury last year to cover unpaid e...

January 11, 2016 1 min read

Sri Lanka's 2015 budget deficit hits 7.2 pct of GDP - finmin

COLOMBO, Jan 8 (Reuters) - Sri Lanka's budget deficit overshot to 7.2 percent of gross domestic product (GDP) in 2015, a...

January 8, 2016 2 min read

Sri Lanka should slam carbon, import, land taxes on people to finance ruler spending: Stiglitz

ECONOMYNEXT - Nobelist and 'progressive' economist Josepsh Stiglitz proposed that Sri Lanka slam land, carbon and import...

January 7, 2016 2 min read

Sri Lanka tax-spender hopefuls to launch more protests

ECONOMYNEXT - Graduates educated at tax-payer expense in state universities are expected to launch a protest if Sri Lank...

December 29, 2015 2 min read

Sri Lanka should be investment friendly without retrospective taxes: Mark Mobius

ECONOMYNEXT - Sri Lanka had the potential to attract large investment where he would also like to participate but a "gen...

December 21, 2015 2 min read

Sri Lanka fiscal, monetary policy corrections urgent: Razeen Sally

ECONOMYNEXT - The need for Sri Lanka's fiscal and monetary policy correction is becoming more urgent and solutions can b...

December 20, 2015 5 min read
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