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Friday July 1st, 2022
Economy

Sri Lanka central bank plans to acquire US$650-700mn from forex surrenders

At least 350mn for the rest of 2021

July 13, 2021 2 min read
2

Sri Lanka discusses loans with European Investment Bank for green projects

The EIB had offered to provide technical expertise and assistance to Sri Lanka in the sphere of green bonds.

July 12, 2021 1 min read
2

UN says Sri Lanka should not use Coronavirus quarantine to suppress peaceful protests

"Vital that restrictions .... against the pandemic don't go beyond the legitimate protection of #PublicHealth

July 12, 2021 1 min read
2

Basil appoints five committees to devise right actions for economy; fertilizer ban stays

"There were many arguments and counter – arguments and opinions expressed at the meeting"

July 10, 2021 1 min read
2

Five promotional tour packages launched to attract Indian tourists - SLTPB

The Sri Lanka Tourism Promotion Bureau (SLTPB), in partnership with a number of state and private sector stakeholders, t...

Nisali De Silva
June 12, 2019 2 min read

Sri Lanka’s Elephant House 'sugar free' line scrapped

Sri Lanka's Ceylon Cold Stores, which operates the Elephant House food and beverage brand, scrapped its 'Go Sugar Free' ...

June 11, 2019 2 min read

Govt will help modernise carpentry - PM

Prime Minister Ranil Wickremesinghe says that the Government will provide maximum assistance to modernise and develop ca...

June 11, 2019 1 min read

Sri Lanka economic growth not dented despite Easter attacks: FinMin

Sri Lanka's economic growth will not fall below targets in 2019 despite fallout from the Easter Sunday terror, Finance M...

June 11, 2019 1 min read

Luxury cruise ship docked at H’tota Port last week

The luxury cruise liner ‘Europa 2’ docked at the Hambantota Port last week for an overnight stay, allowing over 200 ...

June 10, 2019 1 min read

Sri Lanka tourism VAT hike to 7-pct enables input credit claims

ECONOMYNEXT – Sri Lanka’s finance ministry has changed the value added tax (VAT) law for tourism industrie...

June 10, 2019 1 min read

Hambantota Port's Rs170bn China debt in no man's land: Sri Lanka AG

Sri Lanka's Auditor General has said 170 billion rupees of debt taken to build Hambantota Port from China, which is abou...

June 9, 2019 2 min read

Sri Lanka interest subsidy arrears to commercial banks Rs33bn in 2018: AG

Sri Lanka had racked up a subsidy arrears of 33 billion rupees by the end of 2018 to state and private banks over above ...

June 8, 2019 1 min read

Sri Lanka auditor general drops debt to GDP bombshell

Sri Lanka's debt to gross domestic product ration is over 87 percent of gross domestic product and not 82.9 percent as c...

June 7, 2019 3 min read

Mahendran and ten others to be indicted for the Bond Scam

The Attorney General has asked permission from the Chief Justice to file indictments before a special Three-Judge bench ...

June 7, 2019 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 355.7601 367.2255
UK Pound 430.0380 452.1949
Euro 370.4145 389.8785
Aus Dollar 243.4459 256.3767
Yen 2.5919 2.7277
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.5623 4.5882
Korea Won 0.2773 0.2797
Oman Rial 934.7364 934.7931
Saudi Riyal 95.9138 95.8864
UAE Dirham 97.9767 97.9826
Source: Central Bank/Indicative
pts %
S&P SL20 2,334.36 -0.68%
CSE All Share 7,342.33 -0.32%
Turnover Rs million 785,395,580 815,332,807
Source: CSE
Latest Last
3-m bill 19.88 19.95
6-m bill 20.76 20.17
12-m bill 21.12 21.81
5-yr bond 19.79 19.87
8-yr bond 20.46 20.14
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 cabinet approves new central bank forex management system

Sri Lanka's central bank will be procuring a new foreign reserves management system, the cabinet office said.

June 7, 2019 1 min read

Sri Lanka to revise double taxation agreement with Denmark

Sri Lanka will be signing a double taxation agreement with Denmark to include revenue taxes, the cabinet office said.

June 7, 2019 1 min read

Sri Lanka seeks US$310mn World Bank loan to reduce climate risk

The Sri Lanka will seek a 310 million US dollar loan with the World Bank to mitigate climate disasters, the state inform...

June 6, 2019 1 min read

Sri Lanka to consider Agfa proposal for digital x-ray

Sri Lanka will consider a proposal by Agfa NV of Belgium to set up digital x-ray systems for several state hospitals, th...

June 5, 2019 1 min read

European investment in Sri Lanka seen balancing off mini-China image

ECONOMYNEXT - Sri Lanka should attract diverse sources of investments, mainly from European countries, to prevent the fo...

June 4, 2019 2 min read

Sri Lanka's BOI expects FDIs to be delayed, not cancelled

ECONOMYNEXT- Sri Lanka is expecting foreign direct investments (FDIs) to be delayed, but there are no cancellations yet,...

June 3, 2019 2 min read

Ranil - Mahinda powwow over Sri Lanka economic recovery

Sri Lanka's Prime Minister Ranil Wickremesinghe and opposition leader Mahinda Rajapaksa had met with finance bigwigs for...

June 3, 2019 2 min read

Sri Lanka budget deficit may be pressured, but framework to be kept: CB Governor

Sri Lanka's budget deficit may be pressured by a slowdown in revenues and a new spending but the expenditures will be re...

June 3, 2019 2 min read

Sri Lanka private credit sharply negative in April

Sri Lanka's credit to private borrowers from commercial banks turned sharply negative to 43.4 billion rupees during Apri...

June 3, 2019 2 min read

Sri Lanka forex reserves may fall to $6.2bn in 2019 in worst-case: CB Governor

Sri Lanka's foreign reserves will at most fall to 6.2 billion US dollars by end-2019 due to the Easter Sunday attack, Ce...

June 1, 2019 2 min read