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Sunday September 19th, 2021
Economy

Sri Lanka should sell more to Asia in a post-COVID 19 scenario – Pathfinder Foundation

The Pathfinder Foundation, a think tank advising the government, wants Sri Lanka to sell more to Asia which it calls the...

6 min read

Vehicle lease payers to meet President on six-month moratorium

With complaints mounting that a promised six-month debt moratorium for lease agreements has yet to materialise, a group ...

6 min read

Sri Lanka central bank not yet trippled Zimbabwe style quasi-fiscal facility

Sri Lanka's central bank has not yet tripled a re-finance (printed money) facility to 150 billion rupees (about 800 mill...

6 min read

China overtakes Japan, World Bank as key Sri Lanka creditor

China, which began financing Sri Lanka a little over a decade ago has overtaken traditional lenders Japan and the World ...

6 min read

Sri Lanka import controls to continue as long as BOP dictates: CB Governor

Sri Lanka will continue import controls as long as balance of payments problems persist, under an 'alternative' economic...

Sri Lanka records current account surplus in 3Q 2020, 2021 expected: CB Governor

Sri Lanka had recorded a surplus in the external current account in the third quarter of 2020 and is expecting a margina...

Steep global sugar price fall will offset Sri Lanka import tax: FinMin

A hike in taxes on imported sugar will not require local prices to go up, because global prices have fallen sharply in r...

1 min read

Sri Lanka reluctant to hike rates to fix currency pressure: report

Sri Lanka's central bank is reluctant to hike interest rates to defend the currency as it may hurt an economic recovery,...

4 min read

Bengal businesses scout for trade, investment prospects in Sri Lanka

ECONOMYNEXT – A team of Indian businessmen from Kolkata, West Bengal, are in Sri Lanka looking for trade and inve...

1 min read

Climate change to erode Sri Lanka living standards, slow growth: World Bank

3 min read

Sri Lanka lifts tax on sanitary napkins

Sri Lanka has lifted a 30 percent import tax on sanitary pads imposed by the last administration, the finance ministry s...

1 min read

Sri Lankan exporters can get govt funds for market studies

ECONOMYNEXT – The Sri Lankan government can give funds for market studies for exporters looking to enter new mark...

2 min read

Sri Lanka economy to grow 3.7-pct in 2018: HSBC

HSBC Global Research says Sri Lanka's economy is likely to grow 3.7 percent in 2018 on strong agriculture and services g...

3 min read

Sri Lanka businesses likely to suffer big losses from climate change: eco lawyer

Sri Lankan businesses are likely to suffer losses from the effects of climate change with hotels vulnerable to sea level...

Rohan Gunasekera

2 min read

Sri Lanka slaps 100-pct LC margins on car imports amid rupee fall

Sri Lanka has slapped a 100 percent margin required on import letters for credit for vehicle imports as the rupee fell t...

2 min read

Sri Lanka plans 100-pct LC margin on luxury car imports

Sri Lanka is planning to impose a 100 percent margin on letters of credit on luxury car imports, official sources said, ...

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 trade policy catalyst for growth: economist

Sri Lanka's national trade policy sets out goals to reform the tariff regime and improve trade facilitation for both exp...

5 min read

Sri Lanka's 1Q GDP growth revised up to 3.5-pct

Sri Lanka's gross domestic product grew 3.5 percent in the first quarter of 2018 from a year earlier, faster than the 3....

1 min read

Sri Lanka's GDP grows 3.7-pct in 2nd quarter 2018

Sri Lanka's gross domestic product grew 3.7 percent in the second quarter of 2018, with agriculture growing 4.5 percent ...

2 min read

Sri Lanka's regulations, multiple state agencies blocking progress

Sri Lanka's multiple ministries and agencies and regulations is making it difficult to implement policy and red tape was...

4 min read

Unemployment in Sri Lanka's Jaffna doubles over two years

Unemployment in Sri Lanka's former war-torn Jaffna District has doubled over the past two years to 10.7 percent, data fr...

2 min read

Sri Lanka business leaders cry for protection

Top business leaders made a rousing call to sell goods at high prices, taking cover behind import tax barriers erected w...

7 min read

India, Sri Lanka urged to be more open; new trade deal expected in December

India and Sri Lanka are likely to sign a new trade deal by December and both countries should be more open in order to i...

3 min read

Be ready for mergers, acquisitions as economy opens up, Sri Lankan firms told

Sri Lanka’s progress depends on open trade, integrating with global production networks and import of foreign inv...

2 min read

Sri Lanka's private sector should set up education institutions: PM

Sri Lanka's private sector should set up educational institutions to cater to the emerging needs of the economy and the ...

2 min read

New laws for Sri Lanka ‘Port City’, but within constitution: Harsha

ECONOMYNEXT – A new financial centre to be built on a Chinese-funded ‘Port City’ reclamation project...

1 min read

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