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Tuesday November 29th, 2022
Economy

Sri Lanka's JVP economic pillars questioned as forex shortages, default risks worsen

Giving lifetime jobs and pensions to unemployed graduates, fuel subsidies, anti-privatization became key policies

January 2, 2022 6 min read
2

Sri Lanka slaps price controls on forex swaps despite tight dollar liquidity

Ceiling implied dollar rate controlled at 10-pct

January 2, 2022 3 min read
2

Sri Lanka shipping agents seek dollarized payments amid forex trouble

Delays in making payments to shipping lines in dollars

January 2, 2022 4 min read
2

Sri Lanka 2021 inflation hits 12.1-pct

Colombo inflation at a 13-year high

January 1, 2022 3 min read
2

Mobius says would invest in real estate, fintech, tourism in Sri Lanka

Emerging markets investor Mark Mobius said he would invest in real estate, financial services where there was potential ...

December 10, 2019 2 min read

Japan to back LNG power plant in SL

The Japanese Government is giving assurances to support the building of an LNG Gas Power Plant in Sri Lanka in order to ...

December 10, 2019 1 min read

Sri Lanka can list SOEs to get capital, boost growth, tackle debt: Mark Mobius

Sri Lanka can list state enterprises to attract capital, boost growth and improve liquidity in markets, and also tackle ...

December 10, 2019 1 min read

Sri Lanka tax cuts can boost demand, but create instability later: ICRA Lanka

A series of tax cuts may boost demand in the short term but could generate instability later, unless revenues were boos...

December 10, 2019 2 min read

Paul Volcker, the man who tamed the Fed, dies at 92

Paul Volcker, who tamed the Federal Reserve which was generating high inflation and stagflation in the US after the coll...

December 9, 2019 2 min read

Sri Lanka orders imported milk powder price cut after tax reduction

The regulated prices of 1 kilogram and 400 gram packets of imported milk powder will be reduced, effective from Monday, ...

December 9, 2019 1 min read

USA Today ranks Sri Lanka top warm-weather destination

USA Today has named Sri Lanka its top warm-weather destination for the winter season.

December 9, 2019 1 min read

Price of milk powder to be reduced

The price of imported milk powder will be reduced with effect from midnight today (09), the Consumer Affairs Authority (...

December 9, 2019 1 min read

South Asia's insiders benefit from crony capitalism: economist

South Asia is practicing insider-outsider economics, where a small group benefits from the economy while excluding the m...

December 7, 2019 3 min read

Central Bank drafting new law to regulate moneylenders

Warning the public to be wary of moneylenders, the Central Bank promised new legislation for licensing, regulation and s...

December 6, 2019 3 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 371.7757 371.7599
UK Pound 442.7119 438.8584
Euro 387.1945 385.3880
Aus Dollar 253.0234 251.0798
Yen 2.6686 2.6603
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4818 4.4863
Korea Won 0.2748 0.2747
Oman Rial 944.1068 944.1068
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.9627 98.9627
Source: Central Bank/Indicative
pts %
S&P SL20 2,464.20 -3.19%
CSE All Share 8,087.04 -2.47%
Turnover Rs million 1,626,658,918 1,576,314,848
Source: CSE
Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka halts import of spices, vesak lanterns, joss sticks

Sri Lanka has issued regulations controlling the imports of spices, vesak lanterns and joss-sticks from midnight last ni...

December 6, 2019 1 min read

Malls still have edge over e-commerce in Sri Lanka

Sri Lanka’s payment card penetration is still low and malls which have entertainment still has potential, an industry ...

December 6, 2019 2 min read

Import of several spices banned

The Government has banned the import of several spices, with the intention of promoting small and medium-scale local pro...

December 6, 2019 1 min read

Malls still have edge over e-commerce in Sri Lanka

Though brick-and-mortar retail is contracting in the face of e-commerce in advanced markets, Sri Lanka's payment card pe...

December 6, 2019 2 min read

Registration fee for foreign employment reduced

The registration fee which was required to be paid by the citizens for foreign employment and the registration renewal f...

December 5, 2019 1 min read

Sri Lanka reduces foreign employment registration fees

Sri Lanka has decided to reduce the registration and renewal fees charged for citizens departing for employment overseas...

December 5, 2019 1 min read
1

Sri Lanka's Jaffna has untapped potential for food processing, tourism: regional chamber

Sri Lanka's Jaffna peninsula had untapped potential for food processing, tourism, and private business is more active th...

December 5, 2019 2 min read

Sri Lanka should be careful not to allow tax cuts to de-stabilize economy: WB economist

Sri Lanka's economy could be destabilized if a fiscal stimulus in the form of a tax cuts turns out to be unsustainable, ...

December 5, 2019 3 min read

Sri Lanka's Ceylon Chamber optimistic on tax cuts

The Ceylon Chamber of Commerce, Sri Lanka's largest business chamber, said that it is optimistic of the tax cuts impleme...

December 4, 2019 1 min read

Sri Lanka hikes cigarette taxes after VAT cut

Sri Lanka has hiked taxes on cigarettes at rates ranging from 1.68 rupees to 6.15 rupees per cigarette based on length, ...

December 4, 2019 1 min read