mainadimage
Modal!
An Echelon Media Company
Saturday October 23rd, 2021
Economy

Sri Lanka embassy in Vietnam in push to knit apparel industries together

Sri Lanka's embassy in Ha Noi said it had started talks with Vietnam's apparel industry body in a bid to explore co-oper...

3 min read

Sri Lanka's CPC loses Rs45 billion to April 2020 amid soft-peg collapse

Sri Lanka's state-run Ceylon Petroleum Corporation lost 45.1 billion rupees in the four months to April 2020, as the rup...

3 min read

Sri Lanka allows US$15,000 to be kept in possession, deposit in SDA forex account

Sri Lanka has allowed up to 15,000 US dollars or equivalent to be kept in possession up from 10,000 dollars earlier and ...

3 min read

Sri Lanka imports collapse 44 percent in May, after lockdowns, Nixon's shock

Sri Lanka's imports have collapsed 44.3 percent to 994 million US dollars amid after Coronavirus lockdowns which hit con...

3 min read

Sri Lanka Port City Economic Zone to have offshore banking, stock exchanges

Sri Lanka's Colombo Port City Special Economic Zone will have offshore banks for which regulations will be made by the P...

Sri Lanka's Tax Dept received Rs 2.4 billion worth of Rubber cheques: COPA

Sri Lanka’s Inland Revenue Department (IRD) had received 6,878 cheques worth over Rs. 2.4 billion which were not honou...

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

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

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 201.0455 200.5117
UK Pound 277.3121 277.2676
Euro 233.7456 233.8869
Aus Dollar 150.2614 151.2660
Yen 1.7625 1.7543
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6854 2.6801
Korea Won 0.1705 0.1707
Oman Rial 522.2097 520.8231
Saudi Riyal 53.6007 53.4541
UAE Dirham 54.7338 54.5885
Source: Central Bank/Indicative
pts %
S&P SL20 3,572.70 0.54%
CSE All Share 9,881.50 1.78%
Turnover Rs million. 2,191,558,044.10 4,268,523
Source: CSE
Latest Last
3-m bill 7.19 6.64
6-m bill 7.31 6.80
12-m bill 7.46 6.96
5-yr bond 10.52 9.48
8-yr bond 11.37 9.97
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 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

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