An Echelon Media Company
Sunday December 10th, 2023

Money to pay Sri Lanka state salaries on January 25 mostly found: Minister

Salaries will be paid on January 25

January 24, 2023 2 min read

Sri Lanka exporters getting advance payments in fix over forced fx conversion

Advance payments are converted before goods are shipped at least by two banks

January 23, 2023 2 min read

Sri Lanka central bank buys US$103mn from banks net in Dec 2022

The monetary authority operates a peg at 360 to the US dollar through a surrender rule

January 23, 2023 3 min read

Sri Lanka remittances up after tight money kills parallel FX gap, Pakistan down

Pakistan has seen its reserve fall from 17 to 4 billion US dollars over 12 months

January 23, 2023 6 min read

Sri Lanka to import Pakistan rice, establish mills after failed price stability efforts

Local consumers still pay higher prices amid rice shortage speculations.

August 18, 2021 2 min read

Sri Lanka small businesses lockdown town centres; TUs issue ultimatum

Trade associations in several towns have shuttered shops for a week

August 18, 2021 4 min read

Sri Lanka inks deal for RMB2.0bn loan from China Development Bank

Third tranche of a US$1.2bn equivalent facility

August 17, 2021 1 min read

Sri Lanka rupee non-credible peg breaks to 211-215 to US dollar

Most domestic banks are selling dollars at around 211 rupees

August 17, 2021 3 min read

Sri Lanka opposition calls for self-imposed Coronavirus lockdown

Over 6,000 deaths

August 16, 2021 2 min read

Sri Lanka hikes de facto policy rate by 05bp for second time

Rate taken up to 5.38-pct

August 16, 2021 2 min read

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
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
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'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

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