An Echelon Media Company
Thursday July 18th, 2024
Economy

Sri Lanka launches essay competition on Economic Transformation bill

To raise awareness and engagement among youth on Financial Management and Economic Transformation Bills.

July 16, 2024 1 min read

Sri Lanka Water Board to sell under formula from 2025

Cost-based tariffs are part of ADB linked reform program

July 16, 2024 1 min read

Sri Lanka manufacturing, services expand in June

Services sector was hiring

July 16, 2024 2 min read

More people feel Sri Lanka economy is getting better, approval up: Survey

Survey results near June 2023 levels

July 15, 2024 2 min read
Sri Lanka Thailand Free Trade Agreement Published

Ceramic items and foods remain under tariff protection

World growth at risk from elevated inflation: IMF

Global inflation went up after economic bureaucrats in reserve currency nations printed money

Sri Lanka approves 13 secondary strategic firms at Port city, including duty free

To get incentives under schedule II of the law

July 11, 2024 1 min read

Sri Lanka to decide on vehicle import liberalization in Aug second week

Public transport vehicles, goods transport vehicles, and private vehicles will be imported under the regulations.

July 10, 2024 1 min read

Sri Lanka lawmaking process deficient, avenue for public consultation vital: legislator

Professor Samarajiva made some very good proposals. The Supreme Court in it determination has agreed to these views

July 10, 2024 2 min read

Sri Lanka to revive senior citizen interest subsidies?

Bank interest rates need to be kept low. However, lower interest rates can disadvantage pensioners,

July 10, 2024 1 min read

Sri Lanka's WealthTrust Securities rated A- with stable outlook by LRA

The company a Capital Adequacy of 43.01-pct far exceeding the statutory requirement of 10-pct

July 10, 2024 2 min read

Sri Lanka discussing US$100mn in financing from OPEC Fund

.The 100 million will go to support a project linked to Sri Lanka's Mahaweli River

July 9, 2024 1 min read

Sri Lanka to reward public sector officials who did not strike

They will also be issued a commendation certificate for future promotions,

July 9, 2024 1 min read

Sri Lanka to bring in 14 previously untaxed sectors into direct tax net: state minister

The Inland Revenue Department (IRD) has studied the income of persons engaged in the 14 sectors, said Siyambalapitiya.

July 9, 2024 2 min read

Sri Lanka teacher salary hike, graduates drive up wage bill in 2023 as other sectors fall

.

July 9, 2024 1 min read

Sri Lanka opposition leader bats for teacher jobs for unemployed graduates

"Just because they are graduates, they can't be made teachers,"

July 9, 2024 4 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
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 will need Rs275bn to give Rs20,000 pay hike to state workers, hike VAT 4-pct: Minister

Import duties may have to be hiked 42-pct

July 9, 2024 2 min read

Sri Lanka public transport to get e-ticketing by end-2024: Official

Electronic ticketing system for public transport services, including trains, will be introduced before the end of year

July 8, 2024 2 min read

Eight parties qualify to bid for Sri Lanka's Litro Gas

.

July 8, 2024 1 min read

Sri Lanka passport issues fall, labour migration still strong

Departures for foreign work in the first quater was 85,175 persons, up from 76,024

July 8, 2024 1 min read

Sri Lanka people cannot bear another VAT hike to increase state salaries twice: President

I raised VAT to 18 percent and faced the criticism of the public to pay the salaries

July 7, 2024 2 min read

Foreign investment needed for Sri Lanka banks to thrive: President

Wickremesinghe said efforts have been made to reduce the loan repayment by 8 billion dollars over a period of four years

July 6, 2024 2 min read

Sri Lanka 2024 first half remittances rise 11.4-pct, surpass $3.1 bn

Sri Lanka has been sending more workers abroad to earn higher foreign exchange after bankruptcy

July 6, 2024 2 min read

Sri Lanka says 1.3mn register for tax number in June, targets 7.4mn

2.3 million people have got Taxpayer Identification Number (TIN)

July 6, 2024 1 min read

Sri Lanka SIS warned not to grant wage hike for protesting University staff: State Minister

Non-academic staff at state universities have been protesting for 65 days demanding wage hike

July 5, 2024 2 min read

Sri Lanka foreign reserves rise to $5642mn June after IMF loan

The IMF approved US$336 mn equivalent tranche for Sri Lanka in June

July 5, 2024 1 min read