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Sunday September 19th, 2021
Economy

Sri Lanka plans US$4bn PPP for LRT in place of Japan funded soft-loan project

Sri Lanka plans to request proposals to fund a 2.2 billion US dollar light rail transit project after cancelling a Japan...

6 min read

Sri Lanka's central bank gives Rs28bn loans from Rs120bn quasi-fiscal Coronavirus re-finance

Sri Lanka's central bank said it had approved 28 billion rupees of subsidized credit to be issued from commercial banks ...

6 min read

Sri Lanka Coronavirus testing capacity upped 30-pct with ADB funded lab

Sri Lanka has boosted its Coronavirus testing capacity 30 percent with a new lab build with emergency funding from the A...

6 min read

Sri Lanka budget deficit may reach 9.3-pct of GDP, external stress to continue after elections: Fitc...

Sri Lanka's budget deficit may reach 9.3 percent of gross domestic product in 2020 and foreign debt repayment pressure w...

6 min read

Sri Lanka national inflation at 3.7-pct in Jan 2021

Sri Lanka's nation-wide inflation in the 12-months to January 21 was measured at 3.7 percent, down from 4.6 percent in D...

Sri Lanka exporters concerned over mandatory dollar conversion

Some Sri Lanka exporter have expressed concern over a mandatory dollar conversion rule imposed amid unprecedented money ...

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

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 says small nations face chaos from financial and natural turmoil

Small nations are facing economic chaos from financial turmoil on top of natural disasters Sri Lanka's finance minister ...

1 min read

Sri Lanka bolsters tax audits of multinationals, transfer pricing

ECONOMYNEXT – Sri Lanka’s revenue authority has asked for aid from an international tax audit and complian...

2 min read

Sri Lanka’s price controls ineffective: Advocata

ECONOMYNEXT - Price controls set by the Sri Lankan government do not benefit consumers or traders, a recent report relea...

3 min read

Sri Lanka Customs to speed up cargo clearance with ADB aid

ECONOMYNEXT – The Asian Development Bank (ADB) is helping Sri Lanka’s Customs to speed up cargo clearance...

2 min read

Plugging into Indian supply chains could raise Sri Lankan exports: World Bank

There is untapped export potential for Sri Lanka if it plugs into India’s local and regional value chains, a new ...

2 min read

Sri Lanka finance minister talks down rupee

Sri Lanka's finance minister Mangala Samaraweera talked down the rupee as the soft-pegged currency hit a new low below 1...

2 min read

IMF understands need for Sri Lanka trade restrictions: CB Governor

The International Monetary Fund(IMF) has understood the need for temporary trade restrictions put in place by Sri Lanka ...

Chandeepa Wettasinghe

5 min read

Sri Lanka to lose oil taxes as rupee falls

Sri Lanka's government may 'bear the burden' of rising oil prices, Finance Minister Mangala Samaraweera said indicating ...

2 min read

High protection betrays uncompetitiveness of Sri Lankan industry

ECONOMYNEXT - Prohibitive import tariffs that protect domestic industry from competition are an indication of the ineffi...

2 min read

Sri Lanka, Seychelles to deepen trade, tourism ties

ECONOMYNEXT - Sri Lanka and the Seychelles have agreed to develop trade and tourism relations between the two countries ...

1 min read