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Thursday July 18th, 2024
Economy

Sri Lanka CAA ends egg price control after devastating industry

Eggs are now imported

July 26, 2023 2 min read

Sri Lanka to open 24 beach properties for tourism investment

“24 coastal areas have been identified as tourist attractions in this country,” he told a media briefing on Friday (...

July 25, 2023 2 min read

Sri Lanka firms aims to collect 100-pct of plastic packaging in 5-years

Sri Lanka firms are targeting to recover plastic packaging

July 25, 2023 1 min read

Sri Lanka loosens exchange controls on companies, migrating citizens

The new rules would be effective for six months from June 28.

July 25, 2023 2 min read
Sri Lanka official remittances up 57-pct to $5.97 bln in 2023; improved FX policy helps

The last year's annual remittances recorded their highest since 2019

Sri Lanka's Japanese firms hit most badly by fuel shortages, currency depreciation in crisis: survey

The impact of the economic crisis on Japanese companies in Sri Lanka was more serious than initially assumed

Fed hikes rates, promises to quantity tighten as Sri Lanka struggles

Governor Bullard wanted a higher rate

March 16, 2022 4 min read

Sri Lanka President says seeking IMF bailout for forex crisis, debt

It will be the 17th time the central bank is going to the IMF since unstable peg was set up

March 16, 2022 3 min read

Sri Lanka rupee closes at 275/290 to the US dollar

Dealers said all other bonds were inactive.

March 16, 2022 1 min read

Sri Lanka President addresses nation amid forex crisis - full text

I accept responsibility for the actions I take

March 16, 2022 6 min read
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Sri Lanka's Rajapaksa, Indian PM Modi meet ahead of USD 1 bln credit line deal

The USD 1 billion credit line is expected to be signed during Rahjapaksa's visit, which was postponed twice.

March 16, 2022 2 min read
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Sri Lanka firms with billions in trade credits exposed as rupee falls

In the 9 months to September 2021, gross trade credits went up US$478mn

March 16, 2022 4 min read
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Sri Lanka manufacturing expands in Feb 2022, but material shortages

Hotels begin to feel power cuts in the latter part of the year

March 16, 2022 2 min read

Sri Lanka President meets top IMF Asia-Pacific staff

Finance Minister given the nod to negotiate with the IMF

March 16, 2022 1 min read

Sri Lankan transport service providers struggle after sharp fuel price hikes

‘’Diesel prices increased by one third so travel fees will be increased from 1,800 to 2,000 rupees,” he said.

Dulya de Silva and Neshella Perera
March 15, 2022 3 min read

Sri Lanka to appoint panel to assist economic council after criticism

The committee was appointed to assist the 11-member Economic Council appointed in early March.

March 15, 2022 2 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 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka will get IMF advice, discuss conditions: Minister

We have to take it from there and (see) what sort of conditions they put

March 15, 2022 2 min read

Sri Lanka cabinet ministers back Finance Minister to seek IMF support

We all said go: Chandrasena

March 15, 2022 7 min read

German travel vlogger in Sri Lanka mulls leaving as money printing creates blackouts

Money printed to create a production economy has created a currency crisis in the island

March 14, 2022 4 min read
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Sri Lanka rupee opens 265/80 to the dollar

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March 14, 2022 2 min read

Sri Lanka economic crisis: former PM wants national consensus, not change in govt

“No matter what our politics, this is our country. We must save it,” he said.

March 14, 2022 3 min read
3

IMF top team in Sri Lanka to brief President on economic crisis

IMF Asia Pacific Chief Changyong Rhee may head the delegation

March 14, 2022 2 min read
1

Sri Lanka government taking tough calls to stabilize economy: Cabraal

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March 14, 2022 1 min read
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Cash-strapped Sri Lanka's cabinet panels meet to find alternative importing methods

Sri Lanka's dollar shortage has forced its central bank to impose ban of several imports and seek credit lines

March 14, 2022 2 min read

Sri Lanka drug prices up after money printing hits rupee; concern over cost

Many patients tempted to buy drugs in small amount "without taking them for the prescribed period of time." - MCPA

Chanka Jayasinghe and Neshella Perera
March 12, 2022 5 min read

Sri Lanka allows exporters to pay local suppliers in dollars

Strategic Development Law projects may be given exemptions

March 12, 2022 3 min read