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Sunday May 22nd, 2022
Economy

Sri Lanka firms allowed to borrow forex abroad

Units of foreign companies have been allowed to borrow from parents

April 27, 2021 7 min read

Sri Lanka raises tax on imported potatoes to Rs50

Sri Lanka has raised a tax on potatoes to give higher profits to farmers as harvests come in

April 27, 2021 1 min read

Sri Lanka's unemployment rate down to 5.2-pct 4Q-2020

Sri Lanka's unemployment fell to 5.2 percent in the fourth quarter of 2020 from an 11 year high of 5.8 percent in the th...

April 26, 2021 1 min read

Sri Lanka residents who earn abroad allowed to maintain foreign bank accounts

Sri Lanka residents who have worked abroad, and individuals or firms providing services to foreigners can now open accou...

April 25, 2021 4 min read

Sri Lanka unemployment rises to 4.6-pct in 4Q18

Unemployment in Sri Lanka grew to 4.6 percent in the fourth quarter of 2018 from 4 percent a year earlier, with loss of ...

April 1, 2019 2 min read

Sri Lanka mulls changes to electric car, carbon taxes

Sri Lanka is open to amending carbon taxes and import duties on electric vehicles, ministers have said.

March 31, 2019 2 min read

Sri Lanka inflation rises 4.3-pct in March

Sri Lanka's consumer price inflation rose to a six-month high of 4.3 percent in March 2019 from a year earlier, data fro...

March 29, 2019 1 min read

Sri Lanka cuts 7-day policy rate 50bp to 8.5-pct, overnight at 8.58-pct

Sri Lanka's Central Bank has cut its 7-day policy rate at which cash is injected by 50 basis points to 8.50 percent over...

March 29, 2019 6 min read

Nearly half of CMB’s water wasted

Due to leakages in the distribution pipe system, nearly 49 per cent of water supplied to Colombo is lost, incurring a co...

March 29, 2019 2 min read

Sri Lanka urged to promote services exports to UK

ECONOMYNEXT – Sri Lanka should promote more services exports to the United Kingdom as it seeks to retain preferen...

March 28, 2019 2 min read

H'tota refinery project a potential money laundering risk: TISL

Transparency International is warning that the controversial oil refinery in Mirijjawila, Hambantota, is a money laund...

March 28, 2019 2 min read

Three million tourist arrivals expected in 2019 - Tourism Minister

Sri Lanka expects three million tourist arrivals by the end of this year, generating a revenue of USD 5 billion in total...

March 28, 2019 1 min read

Sri Lanka plans to compete with higher-wage countries amid currency collapse

Sri Lanka has to compete with a set of countries which have higher wages, instead of trying to beat low-wage nations lik...

March 28, 2019 6 min read

Sri Lanka Singapore FTA in operation as signed: Minister

A free trade deal between Sri Lanka and Singapore is in operation and there are no ongoing talks on changing the deal, E...

March 26, 2019 1 min read
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Latest Last
US Dollar 364.4504 364.5309
UK Pound 454.9265 452.1215
Euro 385.9320 383.7066
Aus Dollar 257.4611 256.8567
Yen 2.8648 2.8518
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.6218 4.6218
Korea Won 0.2831 0.2820
Oman Rial 933.6892 933.8840
Saudi Riyal 95.8319 95.8811
UAE Dirham 97.8683 97.8887
Source: Central Bank/Indicative
pts %
S&P SL20 2,750.91 1.75%
CSE All Share 8,265.61 1.12%
Turnover Rs million 1,978,302,133 1,597,235,821
Source: CSE
Latest Last
3-m bill 21.19 21.10
6-m bill 21.80 21.68
12-m bill 22.67 22.39
5-yr bond 22.43 21.89
8-yr bond 22.52 21.78
Source: Central Bank/Indicative
today yesterday
Overnight Money 14.50 14.50
Gilt Repo 14.50 14.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka state enterprise workers should get bonuses to stop sabotage: legislator

Workers in loss-making Sri Lanka state enterprises should be given bonuses to stop them from being discouraged and engag...

March 26, 2019 3 min read

Sri Lanka Central Bank opens counter to sell coins

ECONOMYNEXT - The Central Bank of Sri Lanka will open a counter at its head office to issue coins to the general public,...

March 25, 2019 1 min read

PUCSL to take CEB to courts if power cuts continue today

The Public Utilities Commission of Sri Lanka (PUCSL) has announced that it would take legal action against the Ceylon El...

March 25, 2019 1 min read

Sri Lanka concerned over IMF link in Japan expressway loan: report

A loan from Japan to build an expressway has an exit clause where Sri Lanka has to repay it if a program with the Intern...

March 24, 2019 1 min read

Half of Sri Lanka's tuk-tuks not taxis; most drivers middle-aged: Research

Only 47 percent of the over million registered three-wheeler are used for hiring. Most drivers are middle aged and for 1...

March 23, 2019 3 min read

Sri Lanka to make state statistics more accessible

Sri Lanka to bring new laws to make data compiled by the state statistics office more accessible, a minister said.

March 23, 2019 1 min read

Debate over creeping services protectionism in Sri Lanka hots up

Sri Lanka is seeing creeping protectionism in services trade with taxes charged on electronic payments to limit competit...

March 22, 2019 5 min read

Artificial Rain falls over Moussekelle in first ever test

For the first time in history artificial rain was tested in Sri Lanka with moderate rainfall experienced over Maussakele...

March 22, 2019 1 min read

Sri Lanka signs billion dollar loan from China for expressway

Sri Lanka signed a 989 million dollar project loan with China for the construction of the Central Expressway on Friday, ...

March 22, 2019 1 min read

Sun may set on solar, industry warns

The solar industry has urged the government to fast track the implementation of nearly 600 solar power projects.

March 22, 2019 4 min read