An Echelon Media Company
Saturday November 27th, 2021
Economy

Sajith sees a gap between Gotabaya's goals and the plans to achieve them

The Leader of the Opposition Sajith Premadasa says there is a huge gap between the goals laid out in the President’s p...

2 min read

Sri Lanka statistics office under pressure to show higher economic growth numbers

Sri Lanka's central bank will start discussions with the Department of Census and Statistics after it reported a 1.6 per...

2 min read

Sri Lanka import competition controlled, crops banned, fish should be halted: President

Sri Lanka has already controlled imports competing with businessmen, farmers were protected, re-export of exportable pro...

2 min read

Sri Lanka could have near zero growth in 2020, despite Covid-19 controlled recovery: Central Bank

Sri Lanka's domestic economic activities and exports are recovering fast with Coronavirus under control, but a 1.6 perce...

2 min read

Sri Lanka forex reserves up US$471mn in April after China loan

In April Sri Lanka got a 500 million US dollar loan from China Development Bank.

Sri Lanka reclassifies some sovereign bonds as domestic debt

About 14 billion US dollars of ISB now also had a market value of 7,613 million dollars

Sri Lanka allows online direct sales to overseas buyers

ECONOMYNEXT – Sri Lanka has set up a regulatory framework that would allow companies to do business-to-consumer, ...

1 min read

Bangladesh a potential market for Sri Lankan retailers

Bangladesh is a potential markets for Sri Lankan retailers to expand into, Ranjan De Silva, Partner, Sensei Internationa...

2 min read

Sri Lanka still has room for offline retail growth

There is still room for growth for brick and mortar shops in countries like Sri Lanka, where retailing is still growing,...

2 min read

Sri Lanka Exim bank proposal in limbo for three years

Sri Lanka’s government has failed to carry out a controversial proposal to set up a an ‘Export-Import bank...

2 min read

Sri Lanka seeks to follow Indian path on Iran oil sanctions

Sri Lanka, which is dependent on Iranian light crude has sought advice from India on its strategy on purchasing oil from...

2 min read

Top Sri Lanka economist urges free trade amid soft-peg failure

A top Sri Lanka economist renewed calls for freer trade as the country slammed import controls as a soft-peg with the US...

8 min read

Going duty free could draw visitors to Sri Lanka, says Singapore retailer

ECONOMYNEXT - Sri Lanka could be made into a shoppers’ paradise by becoming a duty free country, said Patrick Cho...

1 min read

Sri Lanka could consider capital controls for rupee slide: economist

Sri Lanka could consider temporary controls on capital outflows to halt a slide of the island's soft-pegged rupee follow...

8 min read

Merchandise export made little contribution to Sri Lanka’s growth: World Bank

Sri Lanka’s industrial production barely grew in the second quarter of 2018 with exports contributing little to g...

2 min read

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

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 201.2131 200.9721
UK Pound 267.6235 268.1470
Euro 225.6504 225.2998
Aus Dollar 143.8472 144.8205
Yen 1.7515 1.7421
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6970 2.6953
Korea Won 0.1686 0.1689
Oman Rial 522.6246 522.0190
Saudi Riyal 53.6354 53.5768
UAE Dirham 54.7802 54.7146
Source: Central Bank/Indicative
pts %
S&P SL20 3,767.41 0.44%
CSE All Share 11,025.73 1.06%
Turnover Rs million. 2,191,558,044.10 9,980,315,103
Source: CSE
Latest Last
3-m bill 7.63 7.76
6-m bill 7.88 7.96
12-m bill 8.16 8.20
5-yr bond 10.58 10.47
8-yr bond 11.20 11.21
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.93 5.99
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

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

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

1 228 229 230