An Echelon Media Company
Sunday February 25th, 2024
Economy

Sri Lanka to get update on GSP+ cycle at EU joint commission meeting

To be briefed on new GSP Regulation and the new cycle of the EU GSP+ concessions

February 22, 2024 2 min read

Sri Lanka political leadership accepts 5 to 7-pct inflation without protest

There had been no such negotiation or an ask for a lower rate

February 22, 2024 3 min read

Sri Lanka looking to phase out sending women abroad as domestic workers over 10-year period

Women will instead be encouraged to seek high-paying skilled work abroad, Minister Nanayakkara said.

February 21, 2024 3 min read

US sanction-hit Iran explores new partnerships with crisis-hit Sri Lanka

Sri Lanka is unable to buy Iran crude since 2012 after the US sanctions

February 21, 2024 2 min read
Sri Lanka offers fresh debt plan to bondholders amid Hamilton case extension hopes: Sources

An extension of the Hamilton case will give time to wrap up debt re-structuring

ADB country chief hopes Sri Lanka could sustain policy reforms despite elections

The IMF has strictly placed some reforms including in state sector enterprises, fiscal and monetary sectors

Global growth shifts to Asia, Sri Lanka an attractive center: JICA president

JICA will continue to be a partner in the country’s progress

Nethmi Rajawasam
February 15, 2024 2 min read

Sri Lanka makes identification mandatory for Aswesuma II amidst welfare fraud

NIC mandatory for those applying for the second phase of its Aswesuma program due to widespread welfare fraud.

Apsara Rodrigo
February 15, 2024 1 min read

Sri Lanka exporters optimistic over 2024, want political stability and energy: survey

Political stability and consistent energy were identified as key facilitators

February 15, 2024 2 min read

Sri Lanka parliament panel questions gaming regulator delay

Harsha de Silva re-appointed as COPF chair

February 14, 2024 1 min read

Sri Lanka food products showcased at International Green Week in Berlin

Exporters specializing in tea, coconut and coconut-based products, spices, fruit and fruit-related items represented

February 14, 2024 1 min read

Germany eyes better economic partnerships with India

India is attracting the attention of industrialised nations looking to increase trade relations

Kshama Ranawana
February 14, 2024 3 min read

Sri Lanka to entertain fresh applicants for Aswesuma subsidy scheme from Feb 15

The budget has allocated 205 billion rupees for welfare payments in 2024

Nethmi Rajawasam
February 14, 2024 2 min read

Sri Lanka anticipates profitable, self-sustaining postal service by end 2024

"The department will operate as a self-sustaining, profit-making institution independent of treasury funds," he said.

February 14, 2024 2 min read

Sri Lanka needs to switch from investing in non-tradable to tradable goods fast: MP

Our outlook on production should speedily switch to tradable goods or else face the consequences

Nethmi Rajawasam
February 14, 2024 2 min read

Sri Lanka's prison inmates officially join labour workforce

Entrepreneurs and industrialists are invited to set up industries in the prison premises,

February 13, 2024 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 316.0679 316.8174
UK Pound 401.2833 401.8873
Euro 344.0649 344.4463
Aus Dollar 209.2045 210.0421
Yen 2.1124 2.1235
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 launches UPI to facilitate payments by growing Indian tourists, boost formal transactions

Indians account for one fifth of the total tourists to Sri Lanka and topped the arrivals

February 12, 2024 4 min read

Two new members appointed to Central Bank governing board

Rajeev Amarasuriya and Manil Jayesinghe appointed to Central Bank of Sri Lanka governing board

February 12, 2024 4 min read

Sri Lanka chamber Outlook Report sees recovery in 2024

Anticipated rebound depends on effective debt restructuring and the implementation of key structural reforms

February 12, 2024 5 min read

Sri Lanka extends deadline for SriLankan Airlines bids

The deadline to submit Requests for Qualification for SriLankan Airlines has been extended further

February 12, 2024 1 min read

Sri Lanka to introduce India’s digital payment system UPI amid tax evasions

Sri Lanka has been struggling to boost its tax revenue after an unprecedented economic crisis

February 12, 2024 3 min read

Growth in Sri Lanka’s official remittances slows to 16-month low

Remittance is Sri Lanka's top foreign exchange earner

February 10, 2024 2 min read

Sri Lanka, Perth WA officials discuss direct aviation links

Talks to bolster bilateral relations further, interest in renewable energy, agriculture and direct aviation links

February 9, 2024 2 min read

Sri Lanka earns USD 3 Mn in fuel sales to vessels through bunkering system: official

This signifies a significant step forward in stabilising the country’s energy finances, the official said.

February 9, 2024 1 min read

Sri Lanka's central bank collects US$1.8bn from fx markets in 2023

Amid monetary stability provided by deflationary policy, the economy has started to recover and interest rates to fall

February 9, 2024 3 min read

Sri Lanka CB relaxes LCB restrictions for standing facility from Feb 16 to slash market rates

Fall of market interest rates has been slow compared to the central bank's policy rate cuts

February 8, 2024 2 min read