An Echelon Media Company
Sunday October 2nd, 2022
Monetary

Sri Lanka inflation rises to 69.8-pct in September

Food prices up 94.9-pct in the past 12 months

September 30, 2022 2 min read

Sri Lanka girls from 'unimaginable' backgrounds driven sex trade by currency crisis: ex-President

Due to current economic conditions social problems were worsening,

September 30, 2022 2 min read

Hong Kong, GCC pegs, Vietnam hike rates after Fed as Sri Lanka eyes flexible policy

Now, we are going to run a Currency system which means that the moment we earn less, we spend less

September 27, 2022 5 min read

Sri Lanka foreign minister meets China's Wang Yi

Had a productive discussion

September 25, 2022 2 min read
Sri Lanka has no final decision yet on domestic debt re-structuring

Gross Financing Need projected to be over 30-pct of GDP without re-structuring

Sri Lanka national inflation reaches 70.2-pct in August

The national index is running a little ahead of the Colombo index

Sri Lanka dreams of dollarized tourism Macau in Mannar

We can make the Mannar Island like entertainment location like Macau island

September 14, 2022 3 min read
1

Sri Lanka foreign reserves at US$1.7bn in August

.Reserves have been around US$1.7bn since March 2022

September 8, 2022 2 min read

Sri Lanka would be able to use new IMF funding for budget: CB Governor

"But this time, because of this special situation that money can be used to finance the fiscal deficit as well."

September 8, 2022 3 min read

IMF boss Georgieva comments on Sri Lanka deal

This is an important step forward for Sri Lanka

September 4, 2022 1 min read

Sri Lanka crisis would deepen if creditors disagree, IMF says amid China concerns

Sri Lanka's debt restructuring is caught in geopolitical cold war

September 1, 2022 2 min read

Sri Lanka should have market rupee rate, more taxes, lower inflation for IMF funds

It is important to continue on this path with determination

September 1, 2022 3 min read

Sri Lanka and IMF reach deal for US$2.9bn program

Has to raise more tax revenues, re-structure debt

September 1, 2022 4 min read

Sri Lanka inflation rises to 64.3-pct in August

Food price rose 93.7 percent in the 12-months to August

August 31, 2022 1 min read

Crisis-hit Sri Lanka's interim budget aims ambitious revenue, debt cut targets

The country is yet to see the impacts of economic crisis easing.

August 30, 2022 3 min read

Sri Lanka to enact new central bank law amid fears of flexible policy

Hopes to stop money printing

August 30, 2022 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 369.9103 369.9103
UK Pound 412.4602 400.9490
Euro 364.6306 360.0342
Aus Dollar 242.2604 241.7927
Yen 2.5686 2.5748
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4529 4.4476
Korea Won 0.2535 0.2528
Oman Rial 942.5852 942.5852
Saudi Riyal 96.5609 96.3494
UAE Dirham 98.7994 98.7994
Source: Central Bank/Indicative
pts %
S&P SL20 3,165.33 -0.11%
CSE All Share 9,931.07 -0.21%
Turnover Rs million 2,578,258,401 3,017,534,901
Source: CSE
Latest Last
3-m bill 29.35 30.31
6-m bill 28.29 28.51
12-m bill 28.44 28.26
5-yr bond 25.26 25.30
8-yr bond 25.87 26.01
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 infotech, mobile telephony in a fix after import ban

IT industry also hit from ban on computer items

August 30, 2022 3 min read

Sri Lanka managing without bridging finance using current inflows: CB Governor

But now even without the bridging financing we are managing the situation

August 28, 2022 2 min read
1

Sri Lanka to cut transaction costs, compete with Undiyal with remittance app

Expat workers can claim duty free and other benefits by sending money through Lanka Remit

August 27, 2022 3 min read
2

Sri Lanka national inflation up 66.7-pct in July 2022

Food prices up 102-pct since money printing accelerated in Feb 2022

August 22, 2022 1 min read

Sri Lanka policy rate unchanged amid slowing private credit

IMF talks to continue

August 18, 2022 9 min read

Milton Friedman's views on currency boards explained by Hanke amid Sri Lanka soft-peg crisis

Pure floating exchange rates and a fixed exchange rate with a currency boards are free-market mechanisms

August 4, 2022 4 min read

Sri Lanka central bank busts US$9.8bn since Feb 2020 to suppress rates, for stimulus

Reserves depleted for debt repayment, imports and some capital flight

August 2, 2022 5 min read
1

Sri Lanka President expects IMF staff level in late August

Then we can approve only in September

August 1, 2022 2 min read

Sri Lanka trade surplus in June as economy smashed to resurrect soft-peg

Non-oil imports collapsed 35.6 percent to 1,026 million US dollars.

July 31, 2022 2 min read

Sri Lanka central bank threatens 'stern action' on victims after creating BOP trouble

We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake

July 31, 2022 8 min read
1
1 2 3 67