An Echelon Media Company
Thursday June 24th, 2021
General Economy

Sri Lanka excise department contemplating a limited license for online liquor orders

The department has received requests from the industry, supermarket chains and consumers to permit online liquor orders

4 minutes

Sri Lanka raised fuel prices to strengthen economy, rupee: President's office

CPC owes banks Rs652bn, CEB Rs85bn

3 min read

Sri Lanka CB did not approve luxury SUV imports for MPs: Governor

It is a difficult question to justify

3 min read

Sri Lanka 2021 GDP growth target lowered to below 5.0-pct: CB

Inflation to be with target

1 min read

Sri Lanka private workers bear Covid-19 shock with wage cuts, state workers get salary hik...

As soon as private sector activities were curtailed, economies collapsed around the world

Imesh Ranasinghe
President Rajapaksa's speech at Sri Lanka Investment Forum 2021 - full text

Invites investment to Colombo Port City, energy, information technology, agriculture

Sri Lanka passes law to set up China-backed special economic zone

Colombo Port City Commission passes with 148 votes

2 min read

Sri Lanka's third Coronavirus wave to hit economy less than earlier waves: CB Governor

Tourism, exports demand may be hit due to domestic and global Covid-19 waves

1 min read

Sri Lanka bans blending of coconut oil

This Direction shall come into effect from 07th May, 2021

1 min read

Sri Lanka projects exports of US$12.5bn, forex reserves of 3.2 months of imports in 2021

Past projections have been wildly off target when money was printed for 'stop-go' policies

3 min read

Sri Lanka per capita GDP drops in 2021 amid Covid-19, monetary instability

Hgher levels of monetary instability and lower growth was seen from around 2015 with 'flexible' policy

2 min read

Sri Lanka GDP to grow 4.1-pct in 2021: ADB

Sri Lanka’s challenging macroeconomic situation will likely moderate growth in 2022

2 min read

Sri Lanka's unemployment rate down to 5.2-pct 4Q-2020

Sri Lanka's unemployment fell to 5.2 percent in the fourth quarter of 2020 from an 11 year high of 5.8 percent in the th...

1 min read

Sri Lanka Port City attempts to fix broken government, but tax breaks excessive: Samarajiva

Sri Lanka's Colombo Port City is a useful attempt to address a broken government system and is recreating for services w...

7 min read

Sri Lanka's Port City will be a driver of growth, FDI, not a Chinese colony: Minister Cabraal

Sri Lanka's Colombo Port City will be a driver of growth and foreign direct investment and concerns over it being a Chin...

4 min read

US would support Sri Lanka in efforts to manage debt, stabilize economy: Ambassador Teplitz

The United States was ready to support Sri Lanka it is efforts to manage debt and stabilize the economy, US Ambassador t...

9 min read

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Latest Last
US Dollar 199.8938 199.9083
UK Pound 278.4521 278.1524
Euro 238.3134 238.0108
Aus Dollar 150.7099 150.3610
Yen 1.8039 1.8104
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6887 2.6964
Korea Won 0.1759 0.1765
Oman Rial 519.2182 519.2558
Saudi Riyal 53.2894 53.3060
UAE Dirham 54.4203 54.4242
Source: Central Bank/Indicative
pts %
S&P SL20 3,026.08 -1.25%
CSE All Share 7,743.71 0.22%
Turnover Rs million. 1,937,505
Source: CSE
Latest Last
3-m bill 5.07 5.08
6-m bill 5.12 5.12
12-m bill 5.17 5.17
5-yr bond 7.27 7.30
8-yr bond 7.55 7.86
Source: Central Bank/Indicative
today yesterday
Overnight Money 4.67 4.67
Gilt Repo 4.68 4.68
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka to advertise internationally for Colombo Port City Commission staff

Sri Lanka will advertise internationally to hire staff for Colombo Port City Commission, which will function as an indep...

1 min read

Sri Lanka's Buth Curry Index by Advocata Institute to track cost of eating

Sri Lanka's Advocata Institute has launched a Buth Curry Index, which tracks the prices of several foods items widely us...

2 min read

Sri Lanka cautioned on money laundering risks at China-backed Colombo Port City

Sri Lanka has to be vigilant against unintended consequences of 'nefarious actors' who may try to mis-use a China-backed...

7 min read

Sri Lanka 2021 GDP growth forecast lowered to 4.0-pct by IMF

Sri Lanka's gross domestic product in 2021 has been downgraded to 4.0 percent by the International Monetary Fund from a ...

2 min read

China to pursue third country investment to Sri Lanka's Port City, Hambantota zone

China will work with Sri Lanka to bring third country investments to Colombo Port City and Hambantota Special Economic Z...

2 min read

Sri Lanka to give US$5 grocery relief pack amid money printing

A state-run retail chain under Sri Lanka's Trade Ministry is giving a discounted grocery pack and a face mask for Coron...

2 min read

Sri Lanka debt to GDP to rise to 115-pct in 2021, poverty 10.9-pct: World Bank

Sri Lanka's government debt as a share of gross domestic product is expected to rise to 115 percent in 2021 and poverty ...

5 min read

Sri Lanka to grow 3.4-pct in 2021, South Asia 7.2-pct: World Bank

Sri Lanka's economic growth will recover to 3.4 percent in 2021 and South Asia will grow 7.2 percent with Maldives to gr...

1 min read

Sri Lanka to raise minimum wage

Sri Lanka will raise a monthly minimum wage by 12.5 percent and will also legislate a daily minimum wage according to a ...

4 min read

Sri Lanka unemployment spikes to 11-year high amid Coronavirus, monetary instability

Sri Lanka's unemployment has spiked to 5.8 percent in the third quarter of 2020 amid a Coronavirus crisis, and several y...

2 min read

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