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Sunday September 19th, 2021
Economy

Only a small number of migrant workers want to return to Sri Lanka – Cabinet Spokesman

Co-Cabinet Spokesman Bandula Gunawardena said 9,580 Sri Lankans from 38 countries who wanted to return has been brought ...

6 min read

Ranee Jayamaha, Samantha Kumarasinghe appointed to Sri Lanka central bank board

Sri Lanka's Constitutional Council had confirmed Ranee Jayamaha, a former Deputy Governor and Samantha Kumarasinghe, a b...

6 min read

Sri Lanka to extend exchange controls for six months: Minister

Sri Lanka's cabinet had given approval to extend exchange and import controls for another six months from June 02, to ke...

6 min read

Sri Lanka President orders loss-making sea salt SOE to show profits

Sri Lanka's President Gotabaya Rajapaksa has ordered a state-run sea salt producing company to make profits within a yea...

6 min read

Sri Lanka appoints committees to fast track special investments

Sri Lanka has set up two committees to fast track investments and give tax breaks under under a Special Development Proj...

Sri Lanka to order 13.5mn Covid-19 AstraZeneca vaccines from India, UK

Sri Lanka's cabinet of ministers had cleared the direct purchase of 13.5 million Coronavirus vaccines doses from India a...

Going duty free could draw visitors to Sri Lanka, says Singapore retailer

ECONOMYNEXT - Sri Lanka could be made into a shoppers’ paradise by becoming a duty free country, said Patrick Cho...

1 min read

Sri Lanka could consider capital controls for rupee slide: economist

Sri Lanka could consider temporary controls on capital outflows to halt a slide of the island's soft-pegged rupee follow...

8 min read

Merchandise export made little contribution to Sri Lanka’s growth: World Bank

Sri Lanka’s industrial production barely grew in the second quarter of 2018 with exports contributing little to g...

2 min read

Sri Lanka cuts taxes on fuel to keep retail prices below formula

Sri Lanka has cut the tax component on a fuel price formula as oil prices rose and the rupee fell to keep retail prices ...

3 min read

Sri Lanka says import controls temporary, committed to open economy

ECONOMYNEXT – Sri Lanka’s government is committed to further opening up the economy and import controls im...

3 min read

Sri Lanka to improve credit access for corporates, shed bureaucracy: PM

ECONOMYNEXT - Sri Lanka will provide 'development bank funding' for large businesses soon, Minister Ranil Wickremesinghe...

3 min read

Sri Lanka calls investors for Hilton, Hyatt buildings

Sri Lanka has called for expressions of interest for the sale stock in building that house Colombo Hilton and a partiall...

1 min read

Sri Lanka new car registrations down 40-pct in September

Sri Lanka's new car registrations fell 40 percent to 4,990 units in September from a month earlier, and motor cycle regi...

2 min read

Sri Lanka President calls to expand Nixon shock as rupee falls

Sri Lanka's President Maithripala Sirisena has called for more trade controls and import substitution as the rupee fell ...

3 min read

Only 8-pct of Sri Lanka govt budget promises on track, study finds

ECONOMYNEXT – Most new spending proposals in Sri Lanka’s 2018 government budget are behind schedule in the...

2 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 200.0000 200.0063
UK Pound 275.8000 276.7787
Euro 235.2700 236.3574
Aus Dollar 145.7600 146.5546
Yen 1.8202 1.8301
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7197 2.7215
Korea Won 0.1699 0.1710
Oman Rial 519.4940 519.5104
Saudi Riyal 53.3177 53.3286
UAE Dirham 54.4492 54.4509
Source: Central Bank/Indicative
pts %
S&P SL20 3,309.99 0.67%
CSE All Share 8,848.04 -0.93%
Turnover Rs million. 2,191,558,044.10 3,956,871
Source: CSE
Latest Last
3-m bill 5.85 5.77
6-m bill 5.90 5.82
12-m bill 5.97 5.89
5-yr bond 8.69 8.47
8-yr bond 9.18 9.05
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 price controls drive drugs off market as soft-pegged currency falls

Several antibiotics and drugs used to treat, blood pressure, cancer and osteoporosis have gone off the market as price c...

2 min read

Ageing population makes Sri Lanka’s welfare programs unaffordable: World Bank

ECONOMYNEXT – An aging population could soon make Sri Lanka’s generous social programs unaffordable, a new...

1 min read

Sri Lanka needs prudent fiscal policy to retain confidence, refinance debt: Economist

Sri Lanka needs prudent fiscal management to retain confidence of debtors amid a peak in upcoming repayments which needs...

3 min read

Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit

Sri Lanka’s apparel exports grew 7.8 percent from a year earlier to 444 million dollars in August 2018, despite a...

2 min read

Sri Lanka clears tax uncertainty on foreign bondholders, lenders

Sri Lanka 's cabinet of ministers had given the nod to exempt foreign investors in government bonds from taxes on intere...

1 min read

Sri Lanka, Kuwait business chambers to promote trade, invesment

ECONOMYNEXT - Private sector business chambers in Sri Lanka and Kuwait are to sign an agreement to deepen trade and inve...

2 min read

New inspection facility for Sri Lanka Customs

ECONOMYNEXT – Sri Lanka’s Customs is planning to set up a new inspection facility with Asian Development ...

1 min read

Global stocks stumble as Trump attacks Fed

A global stock market downturn worsened Thursday as investors, spooked by a plethora of economic worries, dumped shares ...

3 min read

Sri Lanka tightens gap in trade controls

Sri Lanka's central bank has tightened a loophole in newly slapped import restrictions to stop items like baby cologne, ...

2 min read

Rising debt is shared concern of both creditors, debtors, Sri Lanka says

ECONOMYNEXT – Rising debt levels are a shared concern and responsibility of both debtors and creditors, Sri Lank...

2 min read