An Echelon Media Company
Monday December 5th, 2022

Sri Lanka debt restructuring: opposition MP warns of "China go home" protests

"They have forced  investments down this country thanks to the Rajapaksa family."

December 2, 2022 5 min read

Sri Lanka rupee debt rating downgraded to 'CC' by Fitch on debt restructure risks

The downgrade of the Long-Term Local-Currency IDR reflects our view that a local-currency debt default is probable

December 2, 2022 8 min read

Sri Lanka's Samurdhi welfare scheme should only benefit those in need: president

"First we'll have to determine who's qualified."

December 1, 2022 2 min read

Sri Lanka extends deadline for tax return submissions after software malfunction

"This is not an act of sabotage."

December 1, 2022 2 min read
After crisis, Sri Lanka president moots 'regional educational hub' idea to preserve forex

Sri Lanka can be a regional hub for education, let us make up our mind, President says.

Sri Lanka welcomes 59,000 tourists in November

The November number is the highest since April 2022.

Sri Lanka new CB law to cabinet soon as IMF prior action

The law will also make macro-prudential surveillance formally under the bank.

November 29, 2022 1 min read

Sri Lanka inflation expectations said to be "very high": ex-CB Governor

The central bank has started to bring inflation under control

November 29, 2022 3 min read

Sri Lanka will widen foreign exchange trading band gradually: CB Governor

We will be gradually relaxing the band, once we start getting inflows

November 28, 2022 1 min read

Sri Lanka aims foster parents system for 40,000 children to face malnutrition

The number of malnourished children is on the rise due to Sri Lanka's economic crisis.

November 28, 2022 2 min read

Sri Lanka DDR uncertainty premium too high: CB Governor

We have a better understanding how we can treat domestic debt, what are the classes of debt

November 28, 2022 2 min read

Sri Lanka on a clear disinflation path faster than expected: CB Governor

November CCPI expected to show same trend

November 28, 2022 1 min read

Sri Lanka's central bank would prefer not to impose interest rate ceilings: CB Governor

We will allow markets to respond first

November 28, 2022 2 min read

CT CSLA Asia Frontier forum to feature Sri Lanka, Pakistan firms

CT CLSA Securities of Sri Lanka and Alfalah CLSA Pakistan are partnering to host the forum

November 28, 2022 1 min read

Sri Lanka's third external creditors' meeting not scheduled yet - State finmin

Sri Lanka is desperately waiting for IMF board approval for $2.9 bln loan

November 26, 2022 1 min read

Tax hikes could force Sri Lanka exporters shift to other countries - exporters

New tax hikes will be effective from December 1

Roshani Fernando
November 26, 2022 3 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 371.7757 371.7599
UK Pound 442.7119 438.8584
Euro 387.1945 385.3880
Aus Dollar 253.0234 251.0798
Yen 2.6686 2.6603
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4818 4.4863
Korea Won 0.2748 0.2747
Oman Rial 944.1068 944.1068
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.9627 98.9627
Source: Central Bank/Indicative
pts %
S&P SL20 2,464.20 -3.19%
CSE All Share 8,087.04 -2.47%
Turnover Rs million 1,626,658,918 1,576,314,848
Source: CSE
Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
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's dollar earnings from exports services underestimated - official

The EDB has estimated services exports at 1,456 million dollars in the first nine months of this year,

Roshani Fernando
November 25, 2022 3 min read

Sri Lanka's Expolanka shares jump over 16-pct on expansion plan

The shares closed 22.75 rupees up at 163.25 rupees a share on Friday.

November 25, 2022 2 min read

Sri Lanka's tax hike will help curb inflation, cut interest rates faster - cenbank chief 

Sri Lanka's increased tax rates will be effective from December 1

November 25, 2022 2 min read

Sri Lanka still in ACU but settlement through normal channels encouraged: CB Governor

Some members prefer that there is no accumulation

November 25, 2022 2 min read

Sri Lanka can manage with current inflows, after policy tightening: CB Governor

The first action was to tighten monetary policy and reduce the demand for imports

November 25, 2022 2 min read

Sri Lanka President ends import ban that raised an ugly stink

Deo-odorants, anti-perspirants, shampoo, toilet waters and dental floss could be imported

November 24, 2022 3 min read

Sri Lanka tracking exports inflow, forex conversions around 25-pt: CB

Conversions are around 23-pct

November 24, 2022 4 min read

Sri Lanka bond yields marginally up, rupee steady

Admin controls if rates do not come down

November 24, 2022 1 min read

Sri Lanka hopes to go to IMF in January 2023: CB Governor

Confident of getting assurance from bilateral creditors in the coming weeks

November 24, 2022 2 min read

Sri Lanka market interest rates should fall despite debt restructuring fears : CB Governor

Inflation is falling, liquidity in the dollar market is improving, inter-bank liquidity shortage has also reduced

November 24, 2022 1 min read