An Echelon Media Company
Thursday September 29th, 2022

IMF cautions Maldives on money printing to stop rufiyaa fall as Sri Lanka wobbles

Tighter monetary policy stance may be needed to ensure compatibility with the exchange rate peg

October 9, 2021 3 min read

Sri Lanka forex reserves down to US$2.5bn in September

From US$5.6bn in December 2020

October 9, 2021 1 min read

Despite challenges, trade fairs will stay

Organisers are looking at different methods in which Trade Fairs could be re-introduced.

October 9, 2021 5 min read

Sri Lanka Minister apologizes for creating shortages, gives up on price controls

We apologize for the inconvenience caused to consumers

October 8, 2021 4 min read
Sri Lanka may be able to get US$3bn from IMF: Sabry

I think we can get 3bn from IMF, over three years 1 billion each from IMF only

Sri Lanka's inflation 3.4-pct in August

Sri Lanka's inflation edged up to 3.4 percent in August 2019, from 3.3 percent as month earlier data from the state stat...

August 30, 2019 1 min read

President inaugurates Sri Lanka’s largest fisheries harbor in Point Pedro

The construction of Sri Lanka’s largest fisheries harbour in Point Pedro was commenced under the patronage of Presiden...

August 30, 2019 1 min read

Sri Lanka to fund technology upgrades of rural dairy, agriculture and fisheries

Sri Lanka is unveiling a program to upgrade, rural agriculture, and diary and fisheries, which will boost their capacity...

August 30, 2019 1 min read

Sri Lanka prints Rs2.2bn 10-month money below overnight policy rate

Sri Lanka's central bank printed 2 billion rupees at for 315 days at 7.94 percent, and 264 million rupees at 7.90 percen...

August 30, 2019 3 min read

Millennium Challenge US$480mn grant to Sri Lanka held up by President

A 480 million US dollar grant to Sri Lanka by the Millennium Challenge Corporation of America is held up as President Ma...

August 29, 2019 1 min read

Cabinet nod for regulatory body for microfinancing

The Cabinet has approved a proposal to establish a 'Credit Regulatory Authority' as an independent legal body to regulat...

August 28, 2019 1 min read

Surbana Jurong, SMEC get Sri Lanka urban development deal

August 28, 2019 1 min read

Cabraal raps govt over economic mismanagement

Accusing the Government of gross mismanagement of the economy, Former Central Bank of Sri Lanka (CBSL) Governor Ajith Ni...

Nisali De Silva
August 28, 2019 2 min read

Oil exploration agreements signed: Sri Lanka to produce oil and gas by 2022

The Sri Lankan Government signed an agreement with two energy companies in Norway and France at the Ministry of Petroleu...

August 28, 2019 1 min read

ADB aid for Sri Lanka to improve urban life, $150mn for water supply

Rapid urbanization is straining infrastructure

August 28, 2019 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 369.9235 369.9235
UK Pound 417.3920 417.3688
Euro 365.4949 365.1473
Aus Dollar 247.2916 245.9917
Yen 2.6166 2.5700
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4750 4.5225
Korea Won 0.2575 0.2576
Oman Rial 942.5852 942.5852
Saudi Riyal 96.4518 96.4518
UAE Dirham 98.7994 98.7994
Source: Central Bank/Indicative
pts %
S&P SL20 3,203.01 -0.87%
CSE All Share 9,964.80 -0.36%
Turnover Rs million 3,017,534,901 4,958,500,230
Source: CSE
Latest Last
3-m bill 30.31 30.81
6-m bill 28.51 28.66
12-m bill 28.26 28.78
5-yr bond 25.30 25.04
8-yr bond 26.01 25.76
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

Sajith promises Hayekian, Keynesian policy mix for Sri Lanka

Sajith Premadasa, who is pushing to be the presidential candidate for Sri Lanka's United National Party said he wanted t...

August 28, 2019 5 min read

Bogambara: A prison turned into a tourist attraction

Prime Minister Ranil Wickremesinghe declared open the first phase of Bogambara Cultural Centre last Saturday (24), with...

August 27, 2019 2 min read

Sri Lankan envoy assures country is safe to Singapore audience

High Commissioner of Sri Lanka in Singapore Sashikala Premawardhane , infoms Singapore that all necessary measures were...

August 27, 2019 2 min read

SL promoting Ramayana heritage sites

Sri Lanka’s High Commissioner to India Austin Fernando requested the members of the Outbound Tour Operators Associatio...

August 27, 2019 2 min read

Export-oriented economy way forward - PM

The agriculture sector needs to adapt to new and emerging trends so that it can transform into an export-oriented one al...

August 26, 2019 1 min read

Sri Lanka at risk of losing US$480mn Millennium Challenge grant

Sri Lanka is at risk of losing a 480 million US dollar grant from the Millennium Challenge Corporation (MCC) to improve ...

Chandeepa Wettasinghe
August 26, 2019 4 min read

Sri Lanka budget deficit widens up to June 2019, filled by foreign borrowings

Sri Lanka's budget deficit has widened to 3.4 percent of estimated gross domestic product in by June 2019 from 2.4 perce...

August 26, 2019 1 min read

Foreigners sell bonds as rupee falls, CB says Sri Lanka has enough forex reserves

Foreign investors sold 13 billion rupees of bonds in the week to August 21, accelerating a weakening of the rupee that b...

August 25, 2019 6 min read

Sri Lanka price controlled drugs still cheaper despite rupee collapses: Rajitha

Sri Lanka's price controlled drugs are still lower than pre-control price, Health Minister Rajitha Senaratne said, despi...

August 24, 2019 3 min read

Sri Lanka liquidity drop amid money printing bout from fiscal repayment

A drop in excess liquidity earlier in August around the time large scale money printing from lender of last resort windo...

August 24, 2019 3 min read