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Tuesday August 16th, 2022
General Economy

Sri Lanka to revise water tariffs to reflect operational costs

The proposal had been made by the Minister of Water Supply.

August 9, 2022 1 min read

Sri Lanka new president to reallocate funds in interim budget

Interim budget to cut capex

August 9, 2022 2 min read

Sri Lanka should not create a banking crisis in trying to reach debt sustainability: Eran

We cannot create another problem at the expense of solving an existing problem

August 8, 2022 2 min read

Sri Lanka President hints on possible wealth tax for economic, social stability

Sri Lanka's tax revenue is one of the lowest in the world in terms of GDP ratio.

August 5, 2022 2 min read

Sri Lanka faces political risks over Rajapaksa links of new govt: Fitch

New govt dominated by Rajapaksa linked party

July 28, 2022 4 min read

IMF slashes global growth after monetary stimulus as Sri Lanka reels

Global un-employment set to rise

July 27, 2022 5 min read

Sri Lanka Prime Minister's full statement on IMF negotiations

Says economy could contract 7-pct in 2022

July 6, 2022 13 min read

Sri Lanka to appoint cost of living committee chaired by president as prices soar

Food prices in Sri Lanka rose 80.1 percent in the 12 months from June 2021 to June 2022.

July 5, 2022 2 min read

Sri Lanka tax revenues up 27-pct with galloping inflation, one off levy

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July 4, 2022 3 min read

Sri Lanka starts 5-year residence visas for investors

Before this program, they had to go through a long documentation process every year to get these visas

July 2, 2022 2 min read

Sri Lanka can avoid food shortages by relaxing open account imports: Trade Minister

"With this, we expect to meet our needs without shortages, and also to reduce prices through competition," he said.

July 1, 2022 2 min read

Sri Lanka government approval rating 3-pct, economic confidence minus: poll

Satisfaction 2-pct

July 1, 2022 1 min read

Sri Lanka inflation hits 54.6-pct in June 2022 after money printing

Food prices up 122-pct since output gap targeting began in August 2022

July 1, 2022 1 min read
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Sri Lanka's Litro Gas acquires 100,000MT of LP gas using World Bank funds

The prime minister’s office said Thursday June 30 afternoon that the remaining 20 million dollars was from Litro.

June 30, 2022 1 min read
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Latest Last
US Dollar 368.6066 368.5670
UK Pound 448.2898 450.8744
Euro 379.5297 381.8782
Aus Dollar 264.0291 263.9965
Yen 2.7780 2.7764
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.5311 4.5327
Korea Won 0.2763 0.2766
Oman Rial 937.4424 937.2606
Saudi Riyal 96.1159 96.0666
UAE Dirham 98.2603 98.2413
Source: Central Bank/Indicative
pts %
S&P SL20 3,097.30 0.82%
CSE All Share 9,191.52 1.82%
Turnover Rs million 5,829,973,145 6,339,984,932
Source: CSE
Latest Last
3-m bill 26.11 26.24
6-m bill 27.06 26.52
12-m bill 27.87 27.36
5-yr bond 24.19 23.86
8-yr bond 24.68 24.21
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka, IMF make 'significant progress' to staff level deal

No staff level agreement yet, creditor assurances needed

June 30, 2022 4 min read
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Sri Lanka in worst crisis in modern times, differing views on rupee: Prime Minister

Worst crisis in modern times

June 30, 2022 4 min read

Sri Lankans asked to stay at home as country runs out of fuel

Monetary meltdown worsens as money printed to keep rates down and pay state worker salaries

June 27, 2022 2 min read
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Sri Lanka bus operators want tariff hike to account for central bank actions

Sri Lanka unable to import fuel due to broken soft-peg

Dulya de Silva
June 26, 2022 2 min read

Sri Lanka President meets high powered IMF mission

Mission brief President

June 25, 2022 2 min read
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India top team visits Sri Lanka to help with currency crisis

To discuss long and short term assistance

June 23, 2022 1 min read

Sri Lanka protestors in human chain against President, PM as currency crisis bites

Protests beginning to gather pace as petrol, diesel shortages threaten to bring the country to a standstill

Dulya de Silva
June 19, 2022 6 min read

Sri Lanka's inflated car prices plunge as interest rates rise

Vehicles advertised on-line were quoted at about a million rupees less than a month ago

June 18, 2022 2 min read
1

Sri Lanka economy grinding to a halt as monetary meltdown bites fuel imports

Passenger transport, goods transport hit

Chanka Jayasinghe
June 17, 2022 6 min read
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Sri Lanka manufacturing PMI up in May, services continue down

Manufacturing recover from April holiday

June 16, 2022 2 min read
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