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Monday June 27th, 2022
Economy

Sri Lanka's IMF SDR allocation, one hurdle passed amid Iran complication

Executive Board concurrence and Board of Governors approval ahead amid Iran jitters

June 27, 2021 3 min read
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Sri Lanka collects Rs1.4bn from anti-tower tax as rural kids climb roofs for mobile signals

Revenues from the anti-tower tax went up in 2020

June 27, 2021 4 min read
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Sri Lanka has little tax money left after paying state workers, economy in historic crisis: Bandula

"When Rs1,052bn out of the Rs1,373bn in revenues go to pay salaries and pensions of state workers only Rs321bn is left."

June 26, 2021 6 min read
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Sri Lanka chamber writes to President, seeks SOE restructuring, fertilizer re-think, debt relief

Suggests series of reforms

June 26, 2021 26 min read
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India backs Sri Lanka with US$900mn in deferred payments, swap

US$500mn in deferred payments, US$400mn in RBI swap

Sri Lanka's Litro Gas chairman may be changed: sources

Litro has been in the midst of gas explosion controversy and shortages

Sri Lanka banks, finance companies ordered to cut deposit rates

Sri Lanka's Central Bank has ordered banks and finance companies to cut deposit rates, saying statutory reserve ratios h...

April 29, 2019 2 min read

Sri Lanka able to meet foreign debt obligations 2019: Treasury secy

Sri Lanka is able to meet remaining foreign debt obligations in 2019, with most of the payments due for the year already...

April 26, 2019 2 min read

US Millennium Challenge Corp approves US$480mn grant to Sri Lanka

ECONOMYNEXT - The Millennium Challenge Corporation (MCC), a U.S. government aid agency, has approved a grant of 480 mill...

April 26, 2019 2 min read

Sri Lanka has resources, fiscal space to meet Islamist bomb fallout: Fin Min

Sri Lanka has resources to meet contingencies after Easter bombing and the rupee has been one of the top performing cur...

April 26, 2019 1 min read

Sri Lanka EPF member returns down to 9.54-pct in 2018

ECONOMYNEXT - Sri Lanka's largest superannuation fund, the 2.3 trillion rupee Employees' Provident Fund beat most mutual...

April 26, 2019 2 min read

Sri Lanka govt pays Rs84bn in overdue payments

ECONOMYNEXT – Sri Lanka’s Ministry of Finance said the Treasury had paid 84.5 billion rupees in overdue pa...

April 26, 2019 1 min read

Sri Lanka expects to grow 4.0-pct in 2019 despite credit, import collapse

Sri Lanka is expecting to grow 4.0 percent in 2019, up from 3.2 percent in 2018 the central bank said despite a severe c...

April 25, 2019 3 min read

Sri Lanka growth slowed to 3.2-pct in 2018: central bank

ECONOMYNEXT – Sri Lanka’s economic growth slowed to 3.2 percent in 2018 from 3.4 percent the previous year...

April 25, 2019 1 min read

Sri Lanka IMF deal set to resume in May; budget gets thumbs up

Sri Lanka's extended program with the International Monetary Fund is expected to go for board approval in May, an offici...

April 25, 2019 3 min read

Sri Lanka economy strong enough to withstand bombings: Fin Min

ECONOMYNEXT – Easter Sunday’s Suicide bombings in Sri Lanka will affect tourism and could have short term ...

April 24, 2019 2 min read
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Latest Last
US Dollar 367.1686 367.3982
UK Pound 452.6187 451.8938
Euro 388.4167 389.8979
Aus Dollar 255.6136 255.4851
Yen 2.7395 2.7267
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.6108 4.6159
Korea Won 0.2772 0.2772
Oman Rial 935.8320 937.3904
Saudi Riyal 96.0211 96.1836
UAE Dirham 98.0915 98.2549
Source: Central Bank/Indicative
pts %
S&P SL20 2,470.19 1.59%
CSE All Share 7,651.19 1.26%
Turnover Rs million 1,245,549,656 1,102,192,667
Source: CSE
Latest Last
3-m bill 21.20 21.45
6-m bill 21.88 22.16
12-m bill 22.51 22.77
5-yr bond 20.38 20.79
8-yr bond 20.46 20.49
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 suicide bombings hit tourism earnings, raise borrowing risks: Fitch

ECONOMYNEXT – Sri Lanka will face heightened risks to its growth outlook and funding needs and lower tourism earn...

April 24, 2019 2 min read

Sri Lanka national inflation rises 2.9-pct in March

Sri Lanka's nationwide inflation picked up to 2.9 percent in the 12-months to March 2019 from 2.4 percent in February, t...

April 23, 2019 1 min read

Sri Lanka’s February trade gap narrows to 5-yr low

ECONOMYNEXT – Sri Lanka’s monthly trade deficit narrowed to 451 million US dollars in February 2019, the l...

April 22, 2019 1 min read

Expressways earn Rs.320 million in the festive season

Sri Lankan expressways generated an income of Rs.320 million during the last 12 days, the Road Development Authority (RD...

April 19, 2019 1 min read

Sri Lanka calls for PPPs, international cooperation to reach UN goals

Sri Lanka's Finance Minister Mangala Samaraweera called for public private partnerships (PPPs) and international coopera...

April 18, 2019 2 min read

Solar industry proposes own long-term generation plan, promises to save Rs. 266 billion

Solar Industries Association to propose its own long-term generation plan, projected to save Rs. 266 billion and add 3,1...

Himal Kotelawala
April 18, 2019 4 min read

Sri Lanka rupee collapses as gold imports end

Sri Lanka's rupee started to collapse rapidly from around April 2018 as soon as legal gold imports ended, official data ...

April 18, 2019 3 min read

Sri Lanka to slash customs inspections after blocking identity theft

Sri Lanka Customs will halve the number of physical inspections at the border but all importers, exporters, forwarding a...

Devan Daniel
April 18, 2019 6 min read

Sri Lanka’s first satellite launched today

Sri Lanka’s first satellite ‘Raavana 1’ was launched at 2.16 am today (18), officially marking Sri Lanka’s entra...

April 18, 2019 1 min read

Sri Lanka remittances fall in Jan, tourism earnings grow

Sri Lanka’s worker remittances fell in January 2019, while tourism earnings were marginally higher, the Central B...

April 17, 2019 1 min read