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Friday January 21st, 2022
Economy

Sri Lanka to merge small state banks into National Development Banking Corporation

Sri Lanka will merge a number of small state banks into a National Development Banking Corporation, Prime Minister and F...

3 min read

Sri Lanka to change privatization agreement of firms that do not raise salaries

Sri Lanka will change the privatization agreements of plantations companies that do not raise salaries to 1,000 rupees a...

3 min read

Sri Lanka to give Treasury guarantee for tourism Covid-19 loans, term extended

Sri Lanka will give a 50-per cent Treasury guarantee for central bank re-finance loans given to Coronavirus hit tourism ...

3 min read

Sri Lanka central bank should look at credit and liquidity in a new way: Finance Minister

Sri Lanka's central bank should look at credit and liquidity in a new way and maintain price stability with inflation a...

3 min read

Sri Lanka’s fertilizer, energy reforms 'very painful' but healthy: Jayasundera

'The national balance sheet is very scary because almost all districts are reporting non-communicable ... diseases'

Sri Lanka fiscal data delayed amid political crisis

Sri Lanka's fiscal data releases have been delayed following a political crisis, which derailed a budget which is usuall...

2 min read

Sri Lanka averts $1.5bn foreign debt default

Colombo, Sri Lanka | AFP | The Sri Lankan government Friday secured parliamentary approval to avert a debt default of $1...

2 min read

Sri Lanka’s October trade gap widens, tea, garment exports down

ECONOMYNEXT- Sri Lanka's trade deficit widened significantly in October 2018 to 903 billion US dollars from 752 million ...

2 min read

Sri Lanka national inflation picks up to 1.0-pct in November

ECONOMYNEXT- Sri Lanka's nation-wide inflation picked up to 1.0 percent in the 12-months to November 2018 from 0.1 perce...

1 min read

Sri Lanka crisis proved parliament had control of finances: PM

Sri Lanka has presented an interim budget for the first four months of 2019 to parliament Friday following the delay of ...

1 min read

Sri Lanka interim budget to parliament on Dec21

Sri Lanka will present an interim budget or vote-on-account to parliament on December 21, which will cover spending for ...

1 min read

Sri Lanka's new cabinet passes vote-on-account

Sri Lanka's newly appointed cabinet of ministers had passed a proposal for a vote on account to allow state spending fro...

1 min read

Sri Lanka grows 2.9-pct in third quarter 2018

Sri Lanka's gross domestic product grew 2.9 percent in the third quarter of 2018 from a year earlier with agriculture gr...

1 min read

Sri Lanka apparel exports down 1-pct in Oct

Sri Lankan apparel exports fell 1 percent from a year earlier to 403 million dollars in October 2018 due to a US market,...

3 min read

Sri Lanka think tank challenges official migration data

ECONOMYNEXT- A Colombo-based think tank said that Sri Lanka has not yet achieved net inward migration, challenging the d...

2 min read

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Latest Last
US Dollar 201.0530 201.9442
UK Pound 273.9247 274.7249
Euro 228.2856 228.6917
Aus Dollar 145.4317 145.2585
Yen 1.7595 1.7610
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7009 2.7080
Korea Won 0.1687 0.1694
Oman Rial 522.2088 524.5236
Saudi Riyal 53.5941 53.8245
UAE Dirham 54.7373 54.9800
Source: Central Bank/Indicative
pts %
S&P SL20 4,623.95 0.12%
CSE All Share 13,462.39 0.04%
Turnover Rs million. 2,191,558,044.10 5,566,542,126
Source: CSE
Latest Last
3-m bill 7.91 7.84
6-m bill 8.18 8.12
12-m bill 8.37 8.29
5-yr bond 10.93 10.69
8-yr bond 10.93 11.52
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 full budget in January 2019, interim budget shortly: Eran

Sri Lanka will prepare an interim budget to keep the government ticking from January 2019, after a new cabinet of minist...

2 min read

Sri Lanka President wants to suspend or abolish Singapore FTA

Sri Lanka's President Maithripala Sirisena has slammed a free trade deal with Singapore signed earlier this year and cal...

2 min read

Financial feasibility studies seen needed in Sri Lanka infrastructure projects

ECONOMYNEXT – Financial feasibility studies are needed apart from technical feasibility assessments in some of th...

2 min read

Sri Lanka forex reserves tumble US$880mn in November

Sri Lanka's forex reserves dropped by 884.9 million US dollars in November 2018, to 7,018.38 million dollars amid a stat...

2 min read

Sri Lanka debt still manageable, through political crisis raised costs: CB Governor

Sri Lanka can still manage its debt problem though a political crisis which has triggered downgrades has pushed up costs...

3 min read

Sri Lanka central bank says downgrades by S&P and Fitch unwarranted

Sri Lanka's central bank says downgrades by S&P and Fitch are unwarranted and the country can repay maturing sovereign b...

4 min read

Sri Lanka downgraded by S&P to B on political crisis

Standard and Poor's has downgraded Sri Lanka's speculative B+ rating to B, saying external conditions had weakened by Ra...

9 min read

Fitch downgrades Sri Lanka 'B' on Rajapaksa appointment

Fitch Ratings has downgraded Sri Lanka to 'B' from 'B+ saying the sudden appointment of Mahinda Rajapaksa as Prime Minis...

7 min read

Sri Lanka trying to stabilize growth and inflation CB says

Sri Lanka's central bank is trying to stabilize growth and inflation under its existing mandate, a top official said as ...

4 min read

Rajapaksa promises to cut Sri Lanka illiberal sugar tax

Sri Lanka's finance ministry has been instructed to cut an illiberal sugar tax, by which could reduce retail prices of s...

1 min read