An Echelon Media Company
Tuesday March 28th, 2023
General Economy

Sri Lanka to adjust wages and pensions to inflation: President

But this adjustment will be done within the limits of a primary deficit

March 22, 2023 1 min read

Major central banks to provide dollar swap lines in Panic of 2023

Central banks of England, Canada, Japan, Europe and Switzerland to provide dollar swap lines

March 20, 2023 3 min read

Sri Lanka's JAAF welcomes IMF progress, calls for reforms

Good governance, and a recognition of the democratic process is key

March 16, 2023 2 min read

Sri Lanka GDP shrinks 7.8-pct in 2022 after output gap targeting

In the fourth quarter of 2023, the economy shrank 11.2 percent

March 16, 2023 5 min read
US reassures depositors as bad money trigger bank failures

FDIC takes over Signature Bank, after SVB Failure

Japan gives US$6.6mn in food grants after monetary instability

This support is being used to provide essential food and nutrition to communities across the nation

Sri Lanka rupee opens at 313/323 to the US dollar

Rupee is appreciating amid negative private credit

March 8, 2023 1 min read

Sri Lanka gets fresh China assurances to go to IMF Board

Sri Lanka rupee already appreciating amid high rates.

March 7, 2023 2 min read

Sri Lanka seeks development agency backing for CEB reforms

"A reforms office will be opened at the Ministry of Power & Energy to see through the transformation."

February 24, 2023 2 min read

Sri Lanka chicken demand falls after currency collapse, inflation: poultry group

Demand for chicken declined in the final quarter

February 23, 2023 2 min read

Sri Lanka President proposes to develop Kandy into planned city

The cabinet of ministers had approved the proposal after meeting in Kandy

February 20, 2023 1 min read

Sri Lanka economic confidence still negative, govt approval low in Feb 2023: survey

Dis-satisfaction up

February 20, 2023 1 min read

Sri Lanka bakers hold bread prices after power hike on demand fall

The current prices are too high and if we increase it more it will result in further downfall of the business

February 17, 2023 3 min read

Sri Lanka PUCSL chief says will go to court against tariff hike

"However I know one thing, and that is the CEB is unable to manage whatever the income they get."

February 16, 2023 2 min read

Sri Lanka industry down in January, services improve slightly: PMI

Tourism helps boost services, though retail trade down

February 16, 2023 2 min read

Fitch downgrades Pakistan to CCC amid monetary instability

Pakistan is in an IMF program but has so far failed

February 15, 2023 10 min read
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Latest Last
US Dollar 328.6083 334.9328
UK Pound 404.2407 411.1914
Euro 358.1529 359.7836
Aus Dollar 221.9914 225.8025
Yen 2.5191 2.5583
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.8504 4.0593
Korea Won 0.2471 0.2566
Oman Rial 824.2395 870.3981
Saudi Riyal 84.4779 89.2088
UAE Dirham 86.3927 91.2333
Source: Central Bank/Indicative
pts %
S&P SL20 2,722.94 -1.64%
CSE All Share 9,395.98 -1.38%
Turnover Rs million 3,437,599,160 1,512,188,680
Source: CSE
Latest Last
3-m bill 26.95 28.13
6-m bill 26.26 27.13
12-m bill 25.26 26.11
5-yr bond 26.01 25.82
8-yr bond 24.73 24.73
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 cabinet clears bill for new monetary law

To be published in the gazette

February 14, 2023 1 min read

Sri Lanka on right path to emerge from bankruptcy by 2026: President

However, if we continue according to this plan, we can rise out of bankruptcy by 2026

February 8, 2023 3 min read

Sri Lanka to re-base CCPI and NCPI indices

New base years for both indices

February 7, 2023 1 min read

Sri Lanka critical on independence day, opportunity to rectify our errors: President

An opportunity not only to review our strengths and gains as a  nation but also to rectify our errors and failure

February 4, 2023 4 min read

Paris Club communicates on Sri Lanka debt re-structuring with IMF: report

India was the first to give acceptable debt assurances to the IMF

February 3, 2023 2 min read

Sri Lanka issues Rs1,000 coin, Rs50 stamp to mark 75-years of self-determination

Commemorative coin available for sale from March 2023

February 2, 2023 1 min read

Fed hikes rates 25bp, to continue shrinking reserve money

Reserve balance rate raised to 4.65-pct

February 2, 2023 1 min read

Sri Lanka economy may shrink 3.5-pct in 2023: President

A 4.0-pct contraction if there is global downturn

January 29, 2023 1 min read

Sri Lanka top chamber less pessimistic on 2023 GDP contraction

Expects GDP change to be between 0 to 2 percent

January 28, 2023 1 min read

Acuity Knowledge Partners with Sri Lanka office to be bought by Permira

Acuity has a 500 person operation in Sri Lanka

January 28, 2023 1 min read
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