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An Echelon Media Company
Tuesday July 27th, 2021
General Economy

Sri Lanka chamber writes to President, seeks SOE restructuring, fertilizer re-think, debt relief

Suggests series of reforms

2 min read

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

2 min read

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

CPC owes banks Rs652bn, CEB Rs85bn

2 min read

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

It is a difficult question to justify

2 min read

21-hour water cut in parts of Colombo on Saturday (10); plant capacities to be increased

Colombo  01, 02, 03, 07, 08, 09, 10, and 11 will see water supply interrupted for 21-hours from 9:00 AM Saturday (10).

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

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

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 199.9076 199.9329
UK Pound 276.2723 274.9377
Euro 235.9309 235.4310
Aus Dollar 147.3719 147.0407
Yen 1.8140 1.8116
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6898 2.6855
Korea Won 0.1736 0.1734
Oman Rial 519.2540 519.3197
Saudi Riyal 53.2931 53.2998
UAE Dirham 54.4240 54.4309
Source: Central Bank/Indicative
pts %
S&P SL20 3,077.95 -0.46%
CSE All Share 8,117.70 -0.23%
Turnover Rs million. 4,600,535,430.20 4,600,535
Source: CSE
Latest Last
3-m bill 5.14 5.13
6-m bill 5.17 5.16
12-m bill 5.22 5.21
5-yr bond 7.35 7.34
8-yr bond 7.89 7.88
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.12 5.00
Gilt Repo 5.13 5.00
I-m SLIBOR - -
Source: Central Bank/Indicative

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

Sri Lanka economic activity recovering: Central Bank

Sri Lanka's economic activity is recovering with tea, paddy and rubber production up, electricity generation is up indic...

1 min read

Sri Lanka to hire international consultancy for FDI strategy

Sri Lanka will hire an international consultancy to promote foreign direct investment to the country, the state informat...

1 min read

Sri Lanka GDP contracts 3.6-pct in 2020 amid Coronavirus, import substitution

Sri Lanka's gross domestic product has contracted 3.6 percent in 2020, down from 2.3 percent in 2019 amid a Coronavirus ...

2 min read

Sri Lanka GDP grows 1.3-pct in fourth quarter 2020

Sri Lanka's gross domestic product was estimated to have grown 1.3 percent in the fourth quarter of 2020 against 1.6 per...

1 min read

Sri Lanka GDP to grow 3.0-3.5-pct in the first quarter

Sri Lanka's gross domestic product could grow between 3.0 to 3.5 percent in the first quarter of 2021, Central Bank's Di...

2 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