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Friday August 12th, 2022
Economy

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 services exports estimated at 313.2mn in Jan 2022

The exports were up 42.2 percent from January 2021

European investment in Sri Lanka seen balancing off mini-China image

ECONOMYNEXT - Sri Lanka should attract diverse sources of investments, mainly from European countries, to prevent the fo...

June 4, 2019 2 min read

Sri Lanka's BOI expects FDIs to be delayed, not cancelled

ECONOMYNEXT- Sri Lanka is expecting foreign direct investments (FDIs) to be delayed, but there are no cancellations yet,...

June 3, 2019 2 min read

Ranil - Mahinda powwow over Sri Lanka economic recovery

Sri Lanka's Prime Minister Ranil Wickremesinghe and opposition leader Mahinda Rajapaksa had met with finance bigwigs for...

June 3, 2019 2 min read

Sri Lanka budget deficit may be pressured, but framework to be kept: CB Governor

Sri Lanka's budget deficit may be pressured by a slowdown in revenues and a new spending but the expenditures will be re...

June 3, 2019 2 min read

Sri Lanka private credit sharply negative in April

Sri Lanka's credit to private borrowers from commercial banks turned sharply negative to 43.4 billion rupees during Apri...

June 3, 2019 2 min read

Sri Lanka forex reserves may fall to $6.2bn in 2019 in worst-case: CB Governor

Sri Lanka's foreign reserves will at most fall to 6.2 billion US dollars by end-2019 due to the Easter Sunday attack, Ce...

June 1, 2019 2 min read

Sri Lanka inflation rises 5-pct in May

Sri Lanka's inflation accelerated to 5 percent from a year earlier in May 2019, from 4.5 percent in April, the state sta...

May 31, 2019 1 min read

Sri Lanka banks warned of price controls on lending

Sri Lanka will slap price controls on bank loans if rates do not come down fast enough Central Bank Governor Indrajit Co...

May 31, 2019 3 min read

Sri Lanka may borrow US$4.5bn more from bonds, loans in 2019

Sri Lanka may borrow up to 4.5 billion US dollars in foreign borrowings in 2019 which includes two billion US dollars to...

May 31, 2019 2 min read

Sri Lanka in 50pb rate cut as credit contract after soft-peg crisis

Sri Lanka's central bank has cut its policy corridor by 50 basis points with to 7.50 percent and 8.50 percent as a credi...

May 31, 2019 3 min read
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Latest Last
US Dollar 368.6127 368.6127
UK Pound 447.0879 446.9724
Euro 378.4089 377.3186
Aus Dollar 258.8081 259.7439
Yen 2.7436 2.7454
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.5360 4.5360
Korea Won 0.2758 0.2758
Oman Rial 937.4943 937.4943
Saudi Riyal 95.9947 95.9947
UAE Dirham 98.2658 98.2658
Source: Central Bank/Indicative
pts %
S&P SL20 2,928.96 4.46%
CSE All Share 8,706.17 2.43%
Turnover Rs million 4,506,916,091 3,748,329,990
Source: CSE
Latest Last
3-m bill 26.24 26.34
6-m bill 26.52 26.51
12-m bill 27.36 27.11
5-yr bond 23.86 23.10
8-yr bond 24.21 24.35
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

Sri Lanka private bus owners , outdoor musicians gets debt relief

Sri Lanka's private bus owners who are unable to meet lease payment due to the disruption from the Easter Sunday suicide...

May 31, 2019 1 min read

Sri Lanka commerce returning to normal, more tourists by August: PM

ECONOMYNEXT – Germany has removed a travel ban on Sri Lanka, imposed after Easter Sunday’s suicide bombing...

May 29, 2019 1 min read

Sri Lanka govt electronic procurement to save billions

ECONOMYNEXT – An ‘Electronic Government Procurement (e-GP) System’ commissioned Wednesday will impro...

May 29, 2019 2 min read

Development projects to continue - Nalin

Large-scale investment projects will go ahead as planned despite the prevailing situation in the country, Deputy Ministe...

May 29, 2019 2 min read

Singapore's G&G bullish on Sri Lanka agro sector after Hatton Plantations buy

Singapore-based G&G Group is looking to invest in Sri Lanka's agriculture sector in the future, an official said after a...

Chandeepa Wettasinghe
May 29, 2019 3 min read

Sri Lanka to host annual ADB meet in 2021

Sri Lanka will host the 54th annual meeting of the Board of Governors of the Asian Development Bank in 2021, the finance...

May 28, 2019 1 min read

Sri Lanka imports fall 19-pct in 2019 March quarter as credit slows

Sri Lanka's imports fell 19.3 percent from a year earlier to 4.81 billion US dollars in the first quarter of 2019, as p...

May 28, 2019 1 min read

Sri Lankan start-ups introduced to Singapore

The Singapore-Sri Lanka Business Association (SLBA) together with Sri Lanka High Commission in Singapore launched the fi...

May 28, 2019 1 min read

Sri Lanka growth may fall below 3-pct in 2019: Report

Sri Lanka's economy is expected to grow below 3 percent in 2019 after the Easter Sunday attacks dampened growth prospect...

May 28, 2019 2 min read

Sri Lanka growth slowdown risk from bombings could prompt interest rate cut

ECONOMYNEXT – The prospect of Sri Lanka’s central bank loosening monetary policy at its review this week h...

May 27, 2019 2 min read