An Echelon Media Company
Sunday December 3rd, 2023

India tells IMF it strongly supports Sri Lanka's debt restructuring efforts

The financing and debt relief will be provided by the Export-Import Bank of India, said Mishra in his letter.

January 19, 2023 4 min read

Sri Lanka optimistic of 2023 tourism targets after Jan performance: official

Fernando said tourism revenue in 2022 was 1.2 billion US dollars.

January 18, 2023 2 min read

Unhappy ending to Sri Lanka's thriving spa industry averted

He had made no comment on banning women massaging men or vice versa, he insisted.

January 18, 2023 3 min read

Sri Lanka's manufacturing picks up slow in Dec; services see upturn: PMI

Manufacturing PMI was still below 50

January 18, 2023 2 min read
Sri Lanka central bank, EPF slammed over governance, mis-disclosure amid DDR

It is absolutely false when you say, that this is a voluntary participation

Sri Lanka parliament passes domestic debt restructure plan

The motion was passed with 122 voting for and 62 voting against

Sri Lanka state techs oppose private testing labs at airport

Questions why PCR prodcurements are delayed

August 14, 2021 2 min read

Sri Lanka foreign reserves drop to US$2.83bn after bond repayment, liquidity injections

Reserves fall below 2 month of imports but PBoC swap is worth another month

August 14, 2021 3 min read

Sri Lanka June 2021 imports, trade deficit hit 3-year high as injections defeat controls

Output gap targeting of 2018, turned to full blown modern monetary theory in 2020.

August 13, 2021 3 min read

Sri Lanka's Jat Holdings closes below IPO price as inflation bites building material firms

Several building material firms have shown weaker results amid rising costs and a lockdown

August 13, 2021 2 min read

Sri Lanka's EPF public counters closed over Covid

Services provided over email and telephone

August 12, 2021 2 min read

Sri Lanka FinMin to direct state firms to borrow at 4%: cabinet spokesman

Sri Lanka’s treasury is facing a daunting task of generating funds to meet the government’s day-to-day expenses.

August 10, 2021 1 min read

Sri Lanka to have central bank run credit scheme for SOEs amid forex trouble

In 2020 a central bank printed 111 billion rupees for a SME re-finance scheme

August 10, 2021 3 min read

Sri Lanka abolishes tax on milk powder import to maintain prices

The move comes after severe scarcity for import milk powder has been reported amid speculation of hoarding.

August 10, 2021 2 min read

Yacht yard at Sri Lanka's Hambantota port: Namal

US$58mn to be invested

August 9, 2021 1 min read

Sri Lanka raises de facto one year policy rate by 05bp

Last week bonds were turned into reserve money at ceiling rates while some bills were sold down to sterilize liquidity

August 9, 2021 2 min read
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Latest Last
US Dollar 330.2942 315.1016
UK Pound 429.0139 401.1871
Euro 372.1704 343.1959
Aus Dollar 227.2526 211.5951
Yen 2.3820 2.1908
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 central bank to operate under Covid-19 protocols after positive tests

Sri Lanka central bank to operate under Covid-19 protocols

August 8, 2021 1 min read

Sri Lanka central bank profits rise to Rs63bn in 2020

CBSL showed record profits in 2018 as REER targeting melted the rupee

August 8, 2021 2 min read

Sri Lanka finance minister extols virtues of food import bans, domestic drugs

Controlling imports of 16 foods was a key strategy of Saubagya Dekma

August 8, 2021 2 min read

Sri Lanka crepe rubber, high-end exports in jeopardy as dollar shortage hits inputs

Supplies stuck at port as banks struggle for dollars

August 6, 2021 1 min read

Sri Lanka prints enough money to wipe out Bangladesh swap with single failed bond auction

Excess liquidity went up by over 50 billion rupees on the bond settlement day

August 5, 2021 7 min read

Sri Lanka allows imports of specialist fertilizer, micro-nutrients

National sub HS codes issued to identify permitted classes of fertilizer

August 5, 2021 3 min read

Sri Lanka Marxists advise de la Rue worship as central bank credit tops trillion rupees

The government should in fact worship the Biyagama money printing factory - Anura

August 4, 2021 6 min read

IMF to allocate SDRs on August 23, Sri Lanka expects around US$800mn

The SDR allocation will benefit all members, address the long-term global need for reserves, build confidence

August 3, 2021 3 min read

Sri Lanka's Rs213bn money printing to repay foreign debt: Treasury Secretary explains

I have to take rupees from the central bank to get dollars. This is how it happens

August 2, 2021 9 min read

Sri Lanka follows Argentina into 'precios cuidados' as rice prices soar amid money printing

Minister promises 50 to 75 rupee fall in prices in a week

July 31, 2021 3 min read