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Friday July 30th, 2021
Economy

Sri Lanka bans more imports after printing excess money amid Coronavirus crisis

Sri Lanka has banned more imports until July 2020 while allowing some items to be imported on three months credit, accor...

3 min read

PUCSL extends electrical and plumbing maintenance service during COVID-19 lockdown to all of Sri Lan...

A regulator-led initiative to provide solutions for electrical and plumbing issues in Sri Lanka’s Western province hou...

3 min read

Maldives IMF deal to go to Board on April 22, GDP to shrink 8.1-pct on Coronavirus hit

A 29 million US dollar program for the Indian Ocean tourist paradise of Maldives will go to the board of the Internatio...

3 min read

Sri Lanka's Ceylon Chamber proposes economic recovery plan to President

Sri Lanka's Ceylon Chamber of Commerce has suggested several strategies for an economic recovery to President Gotabaya ...

3 min read

Sri Lanka says S&P downgrade to 'CCC+' ignores policy framework

Sri Lanka has expressed disappointment over a downgrade of the country's sovereign credit to CCC+ from B- saying the rat...

S&P downgrades Sri Lanka sovereign rating to 'CCC+', over budget, excess liquidity

Standard and Poor's, said it was downgrading Sri Lanka to 'CCC+' saying a high budget deficit and excess liquidity is l...

Sri Lanka had to defend wicket, now building economic opportunities: PM

Sri Lanka's new administration had to defend the wicket soon after coming to power and strengthen state finance to be ab...

2 min read

SriLankan Airlines bought aircraft like a private company; bailed out as SOE

State-run SriLankan Airlines board of directors had bought aircraft like a private company through board decisions, but ...

3 min read

Enterprise Sri Lanka to bring opportunities for advancement

An exhibition to promote entrepreneurship in rural Sri Lanka coupled with a village infrastructure development drive tha...

2 min read

Sri Lanka and Myanmar hope to boost trade with 1999 deal

ECONOMYNEXT - Sri Lanka and Myanmar have agreed to revive a two-decades-old trade agreement between the two countries wh...

1 min read

Sri Lanka's petroleum utility to make 10-pct of jobs hereditary

Ten percent of vacancies in Sri Lanka's state-run Ceylon Petroleum Corporation will be made hereditary, Petroleum Minist...

2 min read

Central bank independence must be matched by accountability: Sri Lanka economist

Central Bank independence must be matched by accountability and a mechanism for public oversight, a top economist said a...

4 min read

Sri Lanka confident of managing public debt: CB Governor

Sri Lanka is now confident of managing debt repayments if targets for narrowing budget deficits are kept on track, with ...

1 min read

Sri Lanka to start flexible inflation targeting from 1Q 2019

Sri Lanka is on track to start a modified inflation targeting framework from the first quarter of 2019, with amendments ...

2 min read

Sri Lanka’s June trade gap widens to US$795mn

ECONOMYNEXT – Sri Lanka’s trade gap widened sharply in June 2018 to US$795 million from $554 million a yea...

3 min read

Sri Lanka to review Singapore FTA annually

A Sri Lanka Free Trade Agreement with Singapore can be reviewed annually, and the government will set up an independent ...

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

Sri Lanka Aluminium maker calls for quality controls

Sri Lankan aluminium industry which is already protected with import duty, should be further controlled with quality reg...

3 min read

Sri Lanka bank forced to give loans, privileges for loss-making airline because it was SOE

State-run Bank of Ceylon had been forced to give loans to loss-making SriLankan Airlines and extend special privileges w...

4 min read

Footwear, confectionery protected in Sri Lanka-S’pore free trade deal

ECONOMYNEXT – Sensitive domestic industries like footwear and confectionery remain protected in Sri Lanka’...

2 min read

Sri Lanka President appoints Ranugge salary commission

Sri Lanka's President Maithripala Sirisena had appointed a commission headed by S Ranugge, a retired public officer, to ...

1 min read

Sri Lanka state firms to import 134,000 tonnes of fertilizer

Sri Lanka's state-run Ceylon Fertilizer Company Ltd, and Colombo Commercial Fertilizers Ltd, has awarded contracts to tw...

1 min read

Sri Lanka eyes Euro, Yen and Renminbi bonds to cut costs

Sri Lanka will study the feasibility of selling Euro, Yen and Renminbi in a bid to reduce costs of foreign borrowing, th...

1 min read

Sri Lanka’s national inflation accelerates to 3.4-pct in July

ECONOMYNEXT – Sri Lanka’s national inflation hit a six-month high of 3.4 percent in July 2018 from a year ...

1 min read

Study finds Sri Lanka import tax exemption schemes prone to abuse

ECONOMYNEXT – Sri Lanka’s import tax exemption schemes are not transparent, subject to undue official disc...

3 min read

Sri Lanka auto agents urge govt not to increase competition in vehicle procurement

Ceylon Motor Traders Association, representing agents of global automakers has urged Sri Lanka not to increase competiti...

2 min read

Sri Lanka manufacturing index slows on labour constraints in July: PMI

Sri Lanka's manufacturing and service sectors grew at a slower pace in July 2018 compared to the previous month due to l...

3 min read