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Thursday July 29th, 2021

'Dramatic change' in new Sri Lanka finance minister’s 2022 budget

2022 budget to achieve meaningful fiscal responsibility: Jayasundera

3 min read

Sri Lanka reserve fall after bond payment will be temporary: Minister Cabraal

'Reserves to be buttressed with non-debt inflows'

3 min read

Sri Lanka in a balancing act with global powers for investment: P B Jayasundera

De-link investments from loans

3 min read

Sri Lanka will manage debt stress, will not seek IMF loan: P B Jayasundera

July a stressful month

3 min read

Sri Lanka’s fertilizer, energy reforms 'very painful' but healthy: Jayasundera

'The national balance sheet is very scary because almost all districts are reporting non-communicable ... diseases'

Some Sri Lanka firms could be hit on import controls as reserves fall: Fitch

Import substitution firms to benefit, essential goods may be neutral

3 min read

Sri Lanka liquidity down amid reserve outflows, overnight rates edge up

Overnight rates highest since July 2020 rate cut but below ceiling rate

2 min read

Sri Lanka BOP deficit tops billion dollars in May, trade gap soars amid money printing

Trade gap up to May 2021 soars to 3.6bn, higher than the 3.2bn in 2019 with no import controls

2 min read

Sri Lanka could double exports to US$20bn with organic crops after fertilizer ban: Trade Minister

"If we make the country organic we can earn 20 billion US dollars in two years." the minister said

Imesh Ranasinghe

3 min read

Sri Lanka exports up 9.4-pct in June 2021

US, UK, Germany leads

2 min read

Sri Lanka disputes Moody's downgrade warning

Action is ill-judged and un-acceptable says Finance Ministry

3 min read

Sri Lanka 'Caa1' sovereign rating on downgrade review by Moody's

Low forex reserves

9 min read

Sri Lanka's central bank 'saves' US$27mn in forex reserves

CB held T-bill stock sold down by Rs5.6bn after bill auction

4 min read

Sri Lanka apparel exporters hopeful of GSP+ extension

Says authorities addressing concerns

2 min read

Sri Lanka monetary and fiscal policies for export industry, but businesses not ready: de Zilwa

"I mean if you look at what we are doing its absolute garbage"

3 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 199.9033 199.9000
UK Pound 278.1954 277.5112
Euro 236.8554 236.3318
Aus Dollar 147.2188 147.1464
Yen 1.8214 1.8210
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6863 2.6830
Korea Won 0.1738 0.1732
Oman Rial 519.2428 519.2343
Saudi Riyal 53.3004 53.2910
UAE Dirham 54.4229 54.4220
Source: Central Bank/Indicative
pts %
S&P SL20 3,072.72 0.71%
CSE All Share 8,134.75 0.47%
Turnover Rs million. 2,191,558,044.10 1,806,549,564.70
Source: CSE
Latest Last
3-m bill 5.14 5.13
6-m bill 5.17 5.16
12-m bill 5.22 5.21
5-yr bond 7.35 7.34
8-yr bond 7.89 7.88
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

Watch: Covid-19 in Sri Lanka and business: What next?

#Restart21 (Episode 1) Kasturi Chellaraja, Hilmy Cader, Chanakya Dissanayake, and Kenneth De Zilwa

1 min read

Sri Lanka's Bank of Ceylon 'CCC' rating confirmed amid operating risks

Credit growth driven by loans to state and SOEs

9 min read

Sri Lanka finance minister Basil Rajapaksa meets foreign envoys on economy

Green economy and vaccination among topics

1 min read

Sri Lanka import controls shattered by credit, money printing in May

Investment and intermediate goods 'permitted' by bureaucrats surge

5 min read

Sri Lanka public currency holdings spike in Covid-19 amid money printing talk

Precautionary demand high in uncertainty

5 min read

Sri Lanka sees some recovery in 2021 state revenues, but spending accelerates

In March 2021 revenues recovered to Rs142bn, better than the 2019 level but spending went up to 308bn from 138.

3 min read

Sri Lanka central bank plans to acquire US$650-700mn from forex surrenders

At least 350mn for the rest of 2021

2 min read

Sri Lanka discusses loans with European Investment Bank for green projects

The EIB had offered to provide technical expertise and assistance to Sri Lanka in the sphere of green bonds.

Mahadiya Hamza

1 min read

UN says Sri Lanka should not use Coronavirus quarantine to suppress peaceful protests

"Vital that restrictions .... against the pandemic don't go beyond the legitimate protection of #PublicHealth

1 min read

Basil appoints five committees to devise right actions for economy; fertilizer ban stays

"There were many arguments and counter – arguments and opinions expressed at the meeting"

1 min read