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Sunday September 19th, 2021
Economy

Mangala calls President’s public dressing down of Bank officials an “act of bullying”

Former Finance Minister Mangala Samaraweera is calling the public “tongue-lashing” the Governor and other senior off...

6 min read

Sri Lanka ex-Finance minister defends central bank, says credit guarantees needed

Sri Lanka's ex-Finance Minister Mangala Samaraweera has come out to defend the central bank after it was slammed by Pres...

6 min read

Sri Lanka's central bank explains Covid-19 credit scheme in FAQs

Sri Lanka's central bank has explained the details of a credit scheme for Coronavirus hit businesses in the form of a fr...

6 min read

Sri Lanka allows banks to buy cheap sovereign bonds with new dollars

Sri Lanka banks would be allowed to buy sovereign bonds of the country which are trading at a steep discount provided th...

6 min read

Western province to experience low-pressure water supply; public advised to be mindful

Sri Lanka's western province will experience low-pressure water supply in the coming days due to prevailing drought cond...

New State Ministry of Home Affairs will control all lands

President Gotabaya Rajapaksa has issued an extraordinary gazette notification creating a State Ministry of Home Affairs ...

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

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 primary exports may exceed US$1.5bn target easily: Minister

Sri Lanka may easily exceed a 2025 target of 1.5 billion dollar exports in spices, fruits and vegetables and fisheries w...

2 min read

Sri Lanka 2Q unemployment marginally up, agriculture jobs down

ECONOMYNEXT – Sri Lanka’s unemployment grew marginally in the second quarter of 2018 from a year ago, with...

2 min read

Sri Lanka needs to generate public support for trade reform

Sri Lanka needs to convince the public about the benefits of trade so they could prod politicians to make the reforms to...

2 min read

Sri Lanka minister breaks with Erdogan, Trump over rates as rupee falls

A minister in Sri Lanka has taken a radically opposite approach from Turkish President Recep Erdogan and President Donal...

10 min read

Scrapping trade barriers could double Sri Lankan exports to South Asia: World Bank

ECONOMYNEXT - Sri Lanka has the potential to more than double its exports to South Asia to $2.8 billion from $1.2 billio...

2 min read

Sri Lanka July exports up 5.7-pct, tea, garments down

ECONOMYNEXT – Sri lanka’s earnings from merchandise exports surpassed a billion US dollars for the second ...

3 min read

Sri Lanka state agencies settle cash for trash row

Sri Lanka's state-run Land Reclamation and Development Corporation had begun accepting trash deposits from a local body ...

1 min read

Sri Lanka's economy picking up speed, inflation low: CB governor

ECONOMYNEXT – Sri Lanka’s economic growth is picking up speed and inflation has been contained contrary to...

1 min read

Sri Lanka big brother to monitor exporter dollars

Sri Lanka will set up a monitoring mechanism to check if exporters are bringing earnings back to the country, the centra...

5 min read

Sri Lanka's income tax reforms will draw investors: senior accountant

Sri Lanka overhauling its income taxes with a new law was a step in the right direction levelling the playing field for ...

3 min read