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Friday December 9th, 2022
Economy

Sri Lanka President seeks debt relief, import credit from China

It would be a great relief to the country if the attention could be paid on restructuring the debt repayments

January 9, 2022 2 min read

Sri Lanka minister defends payment in China organic fertilizer dispute, says no loss

Fertilizer will come back

January 9, 2022 2 min read

Sri Lanka CB allays fears of expat workers

Says dollars of foreign resident workers will not be converted

January 8, 2022 3 min read

Sri Lanka sells down monetary gold as forex reserves drop

Country has not bought gold since 2014

January 8, 2022 3 min read
IMF's talks with Sri Lanka must also focus on corruption, aid diversion: Mark Malloch-Brown

The IMF must put the issue on the agenda during their visit, he said.

Sri Lanka monetary meltdown: Steve Hanke on currency boards and flawed pegs

Views of Milton Friedman, Robert Mundell and how John Greenwood and Alan Walters set up the Hong Kong currency board

Sri Lanka exports down 0.2-pct in Oct, state workers import cars

Sri Lanka's exports fell 0.2 percent to 977 million dollars in October 2019 from a year earlier mainly due to falling co...

December 14, 2019 2 min read
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Majority of Sri Lankans against protectionist taxes: survey

Advocata, a Colombo-based think tank, said 57 percent of Sri Lankans are against paying a higher price for food and 76 p...

December 13, 2019 2 min read

Central bankers trigger crises, don't admit or learn from mistakes: economist at Sri Lanka forum

Central bankers around the world adopt poor policies which are leading to political crises, theft of income and the rise...

Chandeepa Wettasinghe
December 13, 2019 4 min read

Most Sri Lankans believe government-run companies are not working- Advocata

Eighty-one per cent of Sri Lankans do not believe that the loss incurring State-Owned Enterprises (SOEs) can be justifie...

December 12, 2019 2 min read

Sri Lankans believe SOE service levels do not justify losses: survey

Colombo-based think tank Advocata said 81 percent of Sri Lankans believe that services of state-owned enterprises (SOEs)...

December 12, 2019 1 min read

Treasury approves bonus payments for SOE staff

The Treasury has approved the payment bonus for 2019 for the employees of state-owned statutory bodies and fully state-o...

December 12, 2019 1 min read

Johnston launches 'Tell Minister' Facebook group

The Ministry of Roads and Highways has launched a public Facebook group where members of the public may post complaints ...

December 12, 2019 1 min read

Sri Lanka to create 100,000-strong multi-task force: minister

Sri Lanka's cabinet of ministers has decided to create a 100,000-strong 'multi-purpose task force' to develop the countr...

December 12, 2019 1 min read
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Sri Lanka's LOLC to exit Cambodia micro-lender, sell down Singapore unit: report

Sri Lanka's LOLC group plans to exit one of two micro-lenders in Cambodia to fund new acquisitions elsewhere and may als...

December 12, 2019 2 min read

Sri Lanka can resume high growth path, cut more taxes: Mark Mobius

Sri Lanka can resume a high growth seen before a recent slowdown with the right policies, and more taxes should be cut, ...

December 11, 2019 3 min read
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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

Government collusion with "Rice Oligopoly" caused prices to rise - Harsha

The government is saying that the major Rice millers of the country have agreed to provide the essential commodity at lo...

December 10, 2019 2 min read

Sri Lanka invites more investments, tourists from China

Hi-tech Chinese companies should invest in Sri Lanka and more tourists could also visit the island now that the sector h...

December 10, 2019 2 min read

Global Investor sees potential in Lanka

Big time emerging markets investor Mark Mobius sees potential in Sri Lanka and says he would invest in real estate and f...

December 10, 2019 2 min read

Sri Lanka interest rates should go down, currency will not fall: Mark Mobius

Sri Lanka's interest rates should go down, but the rupee will not fall, because the strength of the currency is based on...

December 10, 2019 3 min read
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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