An Echelon Media Company
Monday May 17th, 2021
Fiscal

Sri Lanka gets US$80.5mn from World Bank to buy Coronavirus vaccines

The lender has provided US$298mn to fight the pandemic

4 minutes

Sri Lanka to subsidize farmers and consumers if fertilizer ban hits yields

"The President said that the government is ready to bear the cost to ensure that the consumers can purchase rice for exi

2 min read

Sri Lanka state workers take 86 cents of every tax rupee home in Covid-19 pandemic

Under 'revenue based fiscal consolidation' state sector was expanded and salaries raised over several years

2 min read

Sri Lanka inks US$500mn deal with Korea for Eximbank finance

Export Import Bank of Korea will give loans of up to 40-year payback with 10-year grace at rates of 0.15-0.2-pct

1 min read

Sri Lanka's CPC hit by Rs21.8bn forex loss due to soft-peg

CPC had bank borrowings of Rs318bn or 2.5-pct of GDP with the central govt already running a 101-pct of GDP debt

Sri Lanka sets LPG import tax at 'concessionary' 7.5-pct a tonne

The tax will remain in effect until prices reach 325 dollars a tonne

Sri Lanka to improve irrigation, preserve watersheds with $69mn World Bank credit

Sri Lanka has inked a deal to borrow 69.53 million US dollars from the World Bank to improve dams and irrigation schemes...

2 min read

Sri Lanka legislator proposes Cannabis fix for looming debt crisis

A Sri Lanka legislator has suggested fixing the country's debt crisis with Cannabis and giving Dutch courage to a shaky ...

Imesh Ranasinghe

4 min read

Sri Lanka will discourage FDI with abrupt tax changes, policy upheavals: Eran

Sri Lanka will find it hard to attract foreign direct investors with sudden policy changes and bans announced by gazette...

3 min read

Sri Lanka seeks to extend payment terms for oil imports

Sri Lanka is in talks with oil supplying countries to extend payments terms for up to one year, Treasury Secretary S R A...

2 min read

Sri Lanka signs US$500mn loan with China Development Bank

Sri Lanka has inked the agreement to get a 500 million US dollar loan from China Development Bank, Treasury Secretary S ...

1 min read

Sri Lanka President knew revenues will be lost, VAT cut to remain for 5-years: Jayasundera

Sri Lanka's President Gotabaya Rajapaksa knew revenue will be lost by tax cuts but he considered it an investment, and ...

4 min read

Sri Lanka denies plan to delay domestic dollar loan repayments, SLDBs

Sri Lanka's central bank has denied that repayment of forex loans taken from local banks and dollar denominated domestic...

3 min read

Sri Lanka's Ceylon Electricity Board to raise Rs20bn from listed bonds

Sri Lanka's state-run Ceylon Electricity Board has been cleared to sell up to 20 billion rupees of publicly trade 5-year...

1 min read

Sri Lanka's Port City Economic Commission to by-pass key laws, give own tax breaks

Sri Lanka's Colombo Port City Economic Commission will give its own tax breaks running up to 40 years and exempt busines...

5 min read

Bangladesh learns lesson from Sri Lanka, Djibouti over China borrowings: report

Bangladesh has learnt from the experience of Sri Lanka and Djibouti on borrowing from China, and it will not borrow what...

2 min read

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Latest Last
US Dollar 199.5000 199.5695
UK Pound 280.6067 281.7522
Euro 241.0758 242.1377
Aus Dollar 154.3033 155.9436
Yen 1.8202 1.8334
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7086 2.7185
Korea Won 0.1766 0.1778
Oman Rial 518.1953 518.3758
Saudi Riyal 53.1957 53.2143
UAE Dirham 53.1957 54.3320
Source: Central Bank/Indicative
pts %
S&P SL20 2,869.52 0.67%
CSE All Share 7,228.23 0.93%
Turnover Rs million. 1,279,238
Source: CSE
Latest Last
3-m bill 5.07 5.04
6-m bill 5.11 5.09
12-m bill 5.16 5.15
5-yr bond 7.38 7.12
8-yr bond 7.87 7.71
Source: Central Bank/Indicative
today yesterday
Overnight Money 4.65 4.65
Gilt Repo 4.68 4.67
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka's Adani-WCT terminal is a private deal without tender, not govt-to-govt: opposit...

Handing over the West Container Terminal of Sri Lanka's Colombo port to Adani group is not a government-to-government co...

2 min read

China to play central role in supporting 'CCC' rated Sri Lanka, Maldives, Laos: Fitch

China is expected to play a major role in providing financial support for 'CCC' rated borrowers, Sri Lanka, Maldives and...

3 min read

Sri Lanka loan from China development bank close to materializing

A loan from China Development Bank for 700 million dollar equivalent is 'close to materializing' a top official said, so...

1 min read

Sri Lanka sugar scam saga: questionable tax changes not new, no revenue 'loss': Finance Mi...

Sudden tax changes that gave large profits to a few traders was not limited to the current administration, but had taken...

8 min read

1

China approves US$1.5bn dollar swap for Sri Lanka: Minister Cabraal

The People's Bank of China has confirmed that a US$1.5 billion dollar equivalent swap arrangement had been approved, Sta...

1 min read

Sri Lanka's problem linked to insolvency, not liquidity: Harsha

Sri Lanka's external problem is linked to medium and long term solvency requiring debt restructuring and is not a short ...

8 min read

Sri Lanka has US$3.5bn in external debt to repay in 2021; ISB partially owned by residents

Sri Lanka has about US$3.5 billion US dollars of foreign currency denominated debt to repay from March to December 2021,...

2 min read

1

Kenya sovereign rating downgraded to 'B' by S&P despite IMF deal

Standard and Poor's has downgraded Kenya's sovereign rating to 'B' from 'B-' despite a deal with the International Monet...

3 min read

Sri Lanka Parliament instructs CBSL to come up with a plan to help entrepreneurs

The Parliamentary Committee on Public Finance (CPF) has asked the Central Bank of Sri Lanka (CBSL) to come up with an in...

3 min read

Sri Lanka quarterly income tax payments rebounds to exceed 2019 level: Treasury Secy

Sri Lanka's quarterly income tax filed for the 2020 last final quarter had exceeded the 2019 number, despite lower rates...

5 min read

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