An Echelon Media Company
Tuesday June 18th, 2024
Fiscal

Sri Lanka to tax housing in IMF deal, VAT on digital services, services export exemption to go

Services export tax exemption to be eliminated

June 14, 2024 2 min read

Sri Lanka in final stages of reaching in-principle deal with CDB: State Minister

Expects all bilateral creditor to wrap up final MOUs in June

June 13, 2024 1 min read

Sri Lanka draft MOUs with bilateral lenders being exchanged, clarified: State Minister

When they are submitted, they exchange it with their membership

June 11, 2024 1 min read

Sri Lanka's CPC makes Rs120bn profit in 2023 after Rs884bn tax-payer injection

Govt takes over debt owed to state banks

June 11, 2024 5 min read
Sri Lanka state airport agency swimming in cash after sovereign default

Interest income shot up from Rs3.3bn in 2021 to Rs10.4bn after default

Sri Lanka beats key IMF program targets for March 2024 amid rupee stability

Primary surplus, net international reserves, tax revenue floor indicative targets exceeded

Sri Lanka working to reach solution with bondholders: Minister

We are confident that second round of discussions will help us reach a solution

May 3, 2024 1 min read

Sri Lanka ISB restructure talks await clarity on IMF methodology: Sources

Greater understanding would speed up negotiations

May 2, 2024 2 min read

Sri Lanka's EPF net contributions turn negative in 2023

Demographers have warned that outflows from the EPF would exceed inflows as Sri Lanka's population aged

April 29, 2024 2 min read

Sri Lanka budget deficit down in 2023, tax revenue up 54-pct

Deficit lower in absolute terms and as a share of GDP

April 27, 2024 4 min read

Sri Lanka travel trade promised private visa levies would be lifted from May

We have now been assured by the Hon Minister of Tourism that the process will be reversed by 1st May

Apsara Rodrigo
April 25, 2024 1 min read

Sri Lanka planning to cut withholding tax on interest to help retirees: Minister

Withholding tax may be lifted on interest below Rs100,000 a month

April 25, 2024 1 min read

Sri Lanka, Iran Presidents inaugurate Uma Oya hydro-electric project

Th irrigation and hydropower project was designed and built by Iran's Farab engineering group.

April 24, 2024 2 min read

Sri Lanka exceeds tax revenue target by 6% in first quarter

State Minister believes the 2024 revenue target is achievable

April 22, 2024 2 min read

Air Asia, SriLanka's FITS, Hayleys bid for SriLankan Airlines

Six parties bid for SriLankan stake

April 22, 2024 1 min read

Widespread support for Sri Lanka debt workout, reform progress at IMF/WB meet: Minister

The strides made in our economic recovery and financial stability have been acknowledged as significant advancements

April 21, 2024 3 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka choices recalled in Vietnam debate on monetary and fiscal options to target output

So there is an issue of policy mix which we're talking, which we've been engaging the authorities with

April 21, 2024 5 min read

Hopeful of Sri Lanka ISB restructuring deal despite 'some setbacks': IMF Official

I'm hopeful that there will be some conclusions down the road

April 19, 2024 3 min read

Sri Lanka to resume bondholder talks after IMF checks their latest proposal

Bondholders are insisting on a GDP link as they believe IMF GDP growth projections are too narrow

April 18, 2024 2 min read

Eyeing Green Bonds, Sri Lanka State FinMin takes part at WB Biodiversity Financing forum

Sri Lanka has been attempting to tap global market for Green Bonds since 2023

April 17, 2024 2 min read

Sri Lanka opposition welcomes ESG bond idea in ISB restructure, slams secrecy

Says possible to discuss a detachable value recovery instrument

April 16, 2024 5 min read

Sri Lanka agrees to state contingent factor in ISB exchange, ESG bonds also in play

Bondholders make suggestion for upside and downside bonds based on a baseline scenario

April 16, 2024 2 min read

Sri Lanka to discuss two contentious points with bondholders: report

The matters will be discussed at round of talks in the near future

April 15, 2024 2 min read

Sri Lanka SOEs place Rs33,949 debt on each citizen: restructuring unit

52 State-Owned Enterprises in Sri Lanka incurred losses of LKR 744.6 billion in 2022

April 15, 2024 2 min read

Sri Lanka seeks parliamentary budget officer for Rs655,000

PBO will analyse every public finance document and brief MPs on costs benefits plus

April 15, 2024 2 min read

Sri Lanka adds 182,000 to get tax payer income support, Rs58bn paid

The new beneficiaries were added taking into consideration appeal

April 10, 2024 1 min read