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Sunday October 17th, 2021

Sri Lanka CB to propose dollarized car imports amid money printing

We now see a bubble in vehicle prices

3 min read

Sri Lanka says IMF growth projection for 2021 too low

When it comes to the local forecast, I think our research department has a greater understanding

3 min read

Sri Lanka keeps overnight policy rates unchanged, market rates move up

Market rates move up after last hike

3 min read

Sri Lanka rupee non-credible peg at 203 to dollar drives dollar rationing, rates rise

Banks trying to supply dollars to non-foods

3 min read

Sri Lanka CB sees inflation rising in the near term, but rules out double digits

We expect some near term inflationary pressure due to global price movement and surge in global commodity prices

Sri Lanka CB sees private sector credit growth at 14-pct by end 2021

We have seen a substantial increase in the private sector credit

Sri Lanka forex reserves down to US$2.5bn in September

From US$5.6bn in December 2020

1 min read

Despite challenges, trade fairs will stay

Organisers are looking at different methods in which Trade Fairs could be re-introduced.

Kshama Ranawana

5 min read

Sri Lanka Minister apologizes for creating shortages, gives up on price controls

We apologize for the inconvenience caused to consumers

4 min read

Sri Lanka shortage agency likely to relax price controls on LPG, wheat flour, milk

CAA to issue new price controls based on 'costs'

6 min read

Sri Lanka kicks off 2022 budget process with Appropriation Bill

The ministry of defence had been allocated 373.1 billion rupees, health 153.5 billion rupees and education 127 billion

1 min read

Sri Lanka to grow 3.3pct in 2021, macro-risks loom: World Bank

Outlook clouded by pre-existing macroeconomic weaknesses

2 min read

Sri Lanka looking to adopt policy on blockchain technology, digital banking, crypto mining

"Proper regulatory framework will ensure that Sri Lanka will lead the digital economy in the region.”

2 min read

EU: Focused on non-discrimination, PTA during Sri Lanka’s GSP+ monitoring mission

 “The meetings also reviewed drugs policy, environment and climate change, as well as corruption.”

3 min read

Sri Lanka rejects Oman land-for- interest request in US$3.6bn oil supplier's credit: Minister

The 3.6 billion US dollar credit line for one year

2 min read

Sri Lanka warned on debt default bombshells by expert in Argentina, Greece crises

There is an enormous political aspect to it both internationally and domestically

8 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 201.2500 200.0018
UK Pound 275.3503 273.3125
Euro 233.5204 231.8621
Aus Dollar 149.2873 147.5513
Yen 1.7676 1.7623
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6988 2.6558
Korea Won 0.1701 0.1682
Oman Rial 522.7409 519.4987
Saudi Riyal 53.6567 53.3239
UAE Dirham 54.7895 54.4497
Source: Central Bank/Indicative
pts %
S&P SL20 3,506.91 -1.75%
CSE All Share 9,621.65 -1.48%
Turnover Rs million. 2,191,558,044.10 3,388,326,324
Source: CSE
Latest Last
3-m bill 6.64 6.31
6-m bill 6.80 6.34
12-m bill 6.96 6.46
5-yr bond 9.48 9.33
8-yr bond 9.97 9.86
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.11 5.11
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka gets five proposals for foreign currency term loan

The loans will have to be a minimum of one year

1 min read

Sri Lanka prints Rs106.7bn rupees to fully sterilize interventions, SRR hike effect

On October 04, the central bank's Treasury bills stock rose to 1,442.7 billion rupees from 1,336 billion rupees

3 min read

Sri Lanka Finance Minister, India foreign secy discuss taking forward joint projects

To take forward joint projects of mutual benefit

1 min read

Sri Lanka online forum with sovereign debt restructure specialist Lee Buchheit

He has worked on debt restructuring soft-pegged countries like Argentina and Venezuela as well as Greece

2 min read

Sri Lanka can’t develop Trinco oil tanks without India as per 1987 accord: Minister

“There is not even a modicum of truth about what is reported everywhere,” said Gammanpila.

2 min read

Sri Lanka to optimize existing structure before new taxes: Jayasundera

What we have to do is see if we get the optimum yield with the existing tax structure

4 min read

Sri Lanka 2021 budget deficit hits trillion rupees by July, Rs549bn printed

Money printing has triggered a US$2.7bn balance of payments deficit

4 min read

EU gives Sri Lanka till 2022 to fix terror law, discusses institutions of liberty

EU-Sri Lanka Joint Commission to review in early 2022.

4 min read

Sri Lanka expects 5.0-pct GDP growth in 2021, 6.5 in first quarter 2022

Economy dealing with a series of challenges

3 min read

Sri Lanka central bank relaxes some controls, exporters forced to convert more dollars

Central Bank negotiating US$500mn in swaps

4 min read