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Tuesday November 29th, 2022
Economy

Sri Lanka's Litro gas to add 180,000 cooking gas cylinders to market

More than 800 cooking gas explosions have been recorded in Sri Lanka since October 2021.

December 31, 2021 2 min read
2

2021 recapped

EconomyNext would like to wish our readers a happy New Year, as we look back at the one we’re about to leave behind.

December 31, 2021 17 min read
2

Sri Lanka BOP problems cannot be solved by rationing, import quotas: Advocata

Monetary problems cannot be solved by import quotas and rationing

December 31, 2021 4 min read
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Sri Lanka milk powder prices up by Rs150, milk tea under pressure

Canteen owners balk at selling milt tea

December 31, 2021 2 min read
2
Sri Lanka state offices shut on Fridays for home garden leave

Currency crisis has triggered forex shortages

Sri Lanka cabinet approves 2.5-pct turnover tax

Government is struggling to find money to pay state workers

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
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 not keen to enact draft monetary law

Sri Lanka may not enact draft legislation to change the monetary law governing the central bank which seeks to establis...

December 4, 2019 2 min read

Sri Lanka to draw foreign capital into infrastructure via BOT projects: Minister

Sri Lanka is looking to structure build operate transfer style agreements to bring foreign investments into expressways ...

December 3, 2019 1 min read

Sri Lanka tax cuts could cost Rs500bn: Minister Rambukwelle

Sri Lanka's tax cuts could cost around 500 to 550 billion rupees a year, but will boost economic growth and future tax r...

December 3, 2019 1 min read

Sri Lanka studying MCC deal, reviewing others: Minister

Sri Lanka's new administration is studying a draft agreement with America's Millennium Challenge Corporation for grant f...

Chanka Jayasinghe
December 3, 2019 1 min read

Sri Lanka to have framework to stop 'stimulus' leading to inflation, BOP pressure

Sri Lanka has some space for loosening policy amid weak credit growth but care should be taken for a fiscal stimulus not...

December 3, 2019 4 min read

Sri Lanka budget deficit to reach 7-pct of GDP in 2019: Finance Ministry

Sri Lanka's budget deficit could reach 7 percent of gross domestic product in 2019, the finance ministry said, with reve...

December 2, 2019 3 min read

Speculation rises over next Central Bank Governor

With Central Bank Governor Indrajit Coomaraswamy due to step down on 20 December, speculation is rife over his replaceme...

December 2, 2019 1 min read

Speculation rises over Sri Lanka's next central bank governor

With Sri Lanka's central bank Governor Indrajit Coomaraswamy due to step down on December 20, speculation is rising ove...

December 2, 2019 1 min read
1

Johnston orders SLPA to beautify Galle Face Green in one week

Ports Minister Johnston Fernando has ordered the Ports Authority to take immediate action with regard to the beautificat...

Imesh Ranasinghe
December 2, 2019 1 min read

Sri Lanka PAYE tax to stay, high threshold from Jan 01

Sri Lanka will keep Pay-As-You-Earn (PAYE), tax for salaries over 250,000 rupees a month, but all personal income will b...

December 2, 2019 2 min read