An Echelon Media Company
Thursday May 6th, 2021

Sri Lanka finances 13.9-pct of GDP budget deficit in 2020, stated as 11.1-pct

The overall budget deficit is listed as 11.1-percent of GDP by transporting 2.8-pct of GDP payments in to the past

1 minutes

Sri Lanka to bring forward GCE O/Level, A/Level exams to allow early university entrance

School students in Sri Lanka generally sit for GCE O/Ls and A/Ls at the ages 16 and 19 respectively.

2 min read

Sri Lanka projects exports of US$12.5bn, forex reserves of 3.2 months of imports in 2021

Past projections have been wildly off target when money was printed for 'stop-go' policies

3 min read

Sri Lanka rupee in non-credible peg at 199.95 to US dollar

5 min read

Sri Lanka President plants turmeric in garden in import substitution drive

Five 'grade-A' turmeric plants would be given to 1.5mn families to produce their own requirements

Imesh Ranasinghe
Sri Lanka per capita GDP drops in 2021 amid Covid-19, monetary instability

Hgher levels of monetary instability and lower growth was seen from around 2015 with 'flexible' policy

Sri Lanka embassy in Kuwait repatriates 6,000 stranded migrant workers

The Sri Lanka embassy in Kuwait says it has repatriated 6,000 stranded migrant workers

Mahadiya Hamza

2 min read

Sri Lanka gets US$80.5mn from World Bank for Covid-19 vaccines

World Bank has also re-directed funds from existing loans for Coronavirus costs

1 min read

Sri Lanka merchandise exports reach US$1,066.1mn in March 2021

Export earnings were up 11.5 percent in the first quarter of 2021 to 2,945.53 million US dollars.

1 min read

Sri Lanka forex market caught between moral suasion and slashed NOPs

Bank treasurers summoned by authorities

4 min read

Sri Lanka to set up state agency to guarantee SME credit

Proposed National Debt Securities Centre to guarantee loans to small and medium businesses

1 min read

Sri Lanka closes all schools amid pandemic resurgence

Sri Lanka to close down all schools, preschools and piriven (monastic schools) in the island till April 30

Chanka Jayasinghe

2 min read

Sri Lanka firms allowed to borrow forex abroad

Units of foreign companies have been allowed to borrow from parents

7 min read

Sri Lanka raises tax on imported potatoes to Rs50

Sri Lanka has raised a tax on potatoes to give higher profits to farmers as harvests come in

1 min read

Sri Lanka's unemployment rate down to 5.2-pct 4Q-2020

Sri Lanka's unemployment fell to 5.2 percent in the fourth quarter of 2020 from an 11 year high of 5.8 percent in the th...

1 min read

Sri Lanka residents who earn abroad allowed to maintain foreign bank accounts

Sri Lanka residents who have worked abroad, and individuals or firms providing services to foreigners can now open accou...

5 min read

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Latest Last
US Dollar 199.5887 199.5872
UK Pound 277.5680 277.5659
Euro 239.7459 239.9437
Aus Dollar 154.6214 154.3607
Yen 1.8259 1.8267
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7040 2.7036
Korea Won 0.1775 0.1776
Oman Rial 518.4257 518.4218
Saudi Riyal 53.2194 53.2076
UAE Dirham 54.3372 54.3368
Source: Central Bank/Indicative
pts %
S&P SL20 2,836.50 0.73%
CSE All Share 7,157.30 0.64%
Turnover Rs million. 890,294,188
Source: CSE
Latest Last
3-m bill 5.04 5.03
6-m bill 5.09 5.09
12-m bill 5.15 5.15
5-yr bond 7.12 7.08
8-yr bond 7.71 7.70
Source: Central Bank/Indicative
today yesterday
Overnight Money 4.65 4.65
Gilt Repo 4.68 4.67
I-m SLIBOR - -
Source: Central Bank/Indicative

US to help Sri Lanka improve plastic waste management

The United States will help Sri Lanka improve its plastic waste management efforts and further reduce any waste flows to...

2 min read

Sri Lanka sugar SOE making profits after ethanol ban

Lanka Sugar Company (Pvt) Ltd, built by re-expropriating two privatized firms, are now making profits after ethanol impo...

3 min read

Sri Lanka to ban chemical fertilizer imports in 'near future'

Sri Lanka will ban the import of chemical fertilizer in the 'near future' as pollution of waterways and suspected kidney...

2 min read

Sri Lanka exporters, importers battle high rates, box shortfalls to maintain trade lifelin...

Sri Lanka's exporters and importers are working against multiple global and domestic disruptions in logistics in the pos...

Mahadiya Hamza

7 min read

Sri Lanka to improve irrigation, preserve watersheds with $69mn World Bank credit

Sri Lanka has inked a deal to borrow 69.53 million US dollars from the World Bank to improve dams and irrigation schemes...

2 min read

Sri Lanka legislator proposes Cannabis fix for looming debt crisis

A Sri Lanka legislator has suggested fixing the country's debt crisis with Cannabis and giving Dutch courage to a shaky ...

Imesh Ranasinghe

4 min read

Sri Lanka to set up state-run Youth Start up fund, loan guarantee fund: Namal

Sri Lanka will set up a state-run Youth Startup Fund and a Guarantee Fund to help young entrepreneurs get capital, Minis...

Imesh Ranasinghe

2 min read

Sri Lanka Port City attempts to fix broken government, but tax breaks excessive: Samarajiv...

Sri Lanka's Colombo Port City is a useful attempt to address a broken government system and is recreating for services w...

8 min read

Sri Lanka rupee plunges amid money printing as car imports collapse

Sri Lanka's rupee has plunged to 199 to the US dollar in March as vehicle imports collapsed to almost nothing, official ...

2 min read

Sri Lanka's Port City will be a driver of growth, FDI, not a Chinese colony: Minister Cabr...

Sri Lanka's Colombo Port City will be a driver of growth and foreign direct investment and concerns over it being a Chin...

4 min read

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