An Echelon Media Company
Saturday December 2nd, 2023
General Economy

Sri Lanka to re-jig agriculture, give 300,000 acres for commercial farming: President

Wet zone paddy farmers to be given freedom to grow what they like

November 28, 2023 1 min read

Sri Lanka legislator warns thief running loose in central bank

Individual had apparently stolen a big bundle of notes from the central bank's currency issue office,

November 28, 2023 2 min read

Sri Lanka Chamber Economic Summit begins today

On the theme of 'Sustain Reform, Accelerate Growth'

November 28, 2023 2 min read

Sri Lanka's indigenous population seek first people's law

The first people face legal impediments to practice their lifestyle

November 22, 2023 2 min read
Sri Lanka to facilitate cross-border transactions in gig economy: President

It is proposed to introduce policy and regulatory framework to facilitate gig economy and e-commerce transactions

Sri Lanka midnight tax drama takes new turn with price controllers policing sugar stocks

Sugar tax comes after Sri Lanka authorities missed IMF revenue target

November 10, 2023 3 min read

Sri Lanka banks repay debt or collect US$1.49bn to Aug 2023

Since April 2022 when the country hiked rates commercial banks have repaid or collected about 3.2 billion dollars

October 30, 2023 4 min read

Sri Lanka sugar firms burying ethanol after currency collapse, taxes: Minister

Legal alcohol producers are not buying ethanol produced at state-run sugar firms and material is piling up

October 23, 2023 3 min read

Sri Lanka positioned for development shift to the Indian Ocean: President

Sri Lanka to benefit from a shift of development from South East Asia and the Asia Pacific, into the Indian Ocean

Nethmi Rajawasam
October 15, 2023 3 min read

Sri Lanka poverty to rise to 27.9-pct in 2023: World Bank

Poverty reduction could resume from 2024 and continue in 2025

October 4, 2023 3 min read

Sri Lanka economic freedom below Burkina Faso, Haiti

Sri Lanka is placed below Haiti and Burkina Faso.

October 3, 2023 2 min read

Sri Lanka local currency rating upgraded to CCC- by Fitch

Local-currency restructuring could accelerate progress towards the restructuring of external debt.

September 28, 2023 9 min read

Sri Lanka's external debt restructure 'progress' decision by IMF exec board

It is the executive board's decision at the end of whether and when the IMF will be able to move ahead.

September 28, 2023 3 min read

Sri Lanka making new laws for Colombo financial zone: President

There was a void in the region Sri Lanka can fill

September 27, 2023 2 min read

Sri Lanka gets 19.23 mn US dollar grant from USA

The US announced the commitment of 19.23 million US dollars in additional funds to further the development of Sri Lanka.

September 21, 2023 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 330.2942 315.1016
UK Pound 429.0139 401.1871
Euro 372.1704 343.1959
Aus Dollar 227.2526 211.5951
Yen 2.3820 2.1908
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 Aswesuma beneficiaries receive delayed welfare pay

As another phase of "Aswesuma" a payment of Rs.799.5 million for 113’713 beneficiaries have been paid for July

September 20, 2023 2 min read

Sri Lanka President World Bank chair discuss South Asian energy interconnection

Ranil Wickremesinghe has discussed ongoing economic reforms and sector growth plans with World Bank

September 19, 2023 1 min read

Sri Lanka 'deflation' drives manufacturing PMI in August

Driven by the manufacture of food & beverages sector, in response to the continuous downward revisions in retail prices

September 17, 2023 2 min read

Sri Lanka GDP contracts 3.1-pct in 2Q 2023

Construction down 23-pct

September 16, 2023 1 min read

Sri Lanka extends special commodity levy on potatoes by four months

Minister of Finance said special commodity levy of 50 rupees on a kilo of potatoes is to be extended by four months

Nethmi Rajawasam
September 11, 2023 1 min read

Sri Lanka stabilized faster than other countries in crisis: Minister

Sri Lanka's inflation is near zero, and the central bank allowed the rupee to appreciate after curbing domestic credit

September 8, 2023 5 min read

Disappearing act by Keeri Samba amid Sri Lanka price controls, import curbs

“By today when Keeri Samba prices are to rise to Rs.280 to 285 the CAA will take steps to raid them.

Nethmi Rajawasam
September 6, 2023 3 min read

Sri Lanka 'drought' will not push up inflation: CB Governor

Sri Lanka can liberalize imports of rice to allow prices to stabilize

September 6, 2023 3 min read

Leverage India’s population boom to become a manufacturing hub

.

Kshama Ranawana
September 3, 2023 5 min read

China’s Sinopec starts selling fuel Rs3 below state formula price

Sinopec Energy Lanka (Pvt) Ltd has started selling diesel and petrol 3.00 rupees below price set by CPC.

Nethmi Rajawasam
August 31, 2023 1 min read
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