An Echelon Media Company
Friday December 9th, 2022

Sri Lanka labour minister fails to hike parallel exchange rate for migrant workers

Minister had proposed a parallel exchange rate of 240.

January 5, 2022 2 min read

Sri Lanka Police to import 750 Mahindra jeeps from India

Vehicle imports are currently banned

January 5, 2022 1 min read

Sri Lanka to import 500 buses from India's Ashok Leyland

The relatively small buses will be deployed in rural areas

January 5, 2022 1 min read

Sri Lanka's northern fishermen switch to China-backed sea cucumber boom

Over 600 fishermen have now started sea cucumber farming after they saw the potential for a steady income.

January 5, 2022 3 min read

Sri Lanka's Jaffna has untapped potential for food processing, tourism: regional chamber

Sri Lanka's Jaffna peninsula had untapped potential for food processing, tourism, and private business is more active th...

December 5, 2019 2 min read

Sri Lanka should be careful not to allow tax cuts to de-stabilize economy: WB economist

Sri Lanka's economy could be destabilized if a fiscal stimulus in the form of a tax cuts turns out to be unsustainable, ...

December 5, 2019 3 min read

Sri Lanka's Ceylon Chamber optimistic on tax cuts

The Ceylon Chamber of Commerce, Sri Lanka's largest business chamber, said that it is optimistic of the tax cuts impleme...

December 4, 2019 1 min read

Sri Lanka hikes cigarette taxes after VAT cut

Sri Lanka has hiked taxes on cigarettes at rates ranging from 1.68 rupees to 6.15 rupees per cigarette based on length, ...

December 4, 2019 1 min read

Sri Lanka not keen to enact draft monetary law

Sri Lanka may not enact draft legislation to change the monetary law governing the central bank which seeks to establis...

December 4, 2019 2 min read

Sri Lanka to draw foreign capital into infrastructure via BOT projects: Minister

Sri Lanka is looking to structure build operate transfer style agreements to bring foreign investments into expressways ...

December 3, 2019 1 min read

Sri Lanka tax cuts could cost Rs500bn: Minister Rambukwelle

Sri Lanka's tax cuts could cost around 500 to 550 billion rupees a year, but will boost economic growth and future tax r...

December 3, 2019 1 min read

Sri Lanka studying MCC deal, reviewing others: Minister

Sri Lanka's new administration is studying a draft agreement with America's Millennium Challenge Corporation for grant f...

Chanka Jayasinghe
December 3, 2019 1 min read

Sri Lanka to have framework to stop 'stimulus' leading to inflation, BOP pressure

Sri Lanka has some space for loosening policy amid weak credit growth but care should be taken for a fiscal stimulus not...

December 3, 2019 4 min read

Sri Lanka budget deficit to reach 7-pct of GDP in 2019: Finance Ministry

Sri Lanka's budget deficit could reach 7 percent of gross domestic product in 2019, the finance ministry said, with reve...

December 2, 2019 3 min read
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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

Speculation rises over next Central Bank Governor

With Central Bank Governor Indrajit Coomaraswamy due to step down on 20 December, speculation is rife over his replaceme...

December 2, 2019 1 min read

Speculation rises over Sri Lanka's next central bank governor

With Sri Lanka's central bank Governor Indrajit Coomaraswamy due to step down on December 20, speculation is rising ove...

December 2, 2019 1 min read

Johnston orders SLPA to beautify Galle Face Green in one week

Ports Minister Johnston Fernando has ordered the Ports Authority to take immediate action with regard to the beautificat...

Imesh Ranasinghe
December 2, 2019 1 min read

Sri Lanka PAYE tax to stay, high threshold from Jan 01

Sri Lanka will keep Pay-As-You-Earn (PAYE), tax for salaries over 250,000 rupees a month, but all personal income will b...

December 2, 2019 2 min read

Sri Lanka president warns West investment needed to keep China at bay

Sri Lanka's new president Gotabaya Rajapaksa has warned India and Western nations that his country will be forced to see...

December 2, 2019 2 min read

Sri Lanka SOE credit up in October, private credit moderate

Sri Lanka's private credit grew 26.5 billion rupees in October 2019 down from 53.7 billion rupees a month earlier and ...

December 2, 2019 2 min read

Sri Lanka's new administration to re-negotiate IMF deal

Sri Lanka's new administration will re-negotiate an ongoing agreement with the International Monetary Fund, a top offici...

December 1, 2019 2 min read

Sri Lanka's 12-month inflation slows to 4.4-pct in November

Sri Lanka's 12-month inflation rose 4.4 percent in the 12- month to November, dropping from 5.3 percent a month earlier...

December 1, 2019 1 min read

Sri Lanka to focus on India, China, Japan for FDI: Keheliya

Sri Lanka wants to target India, China and Japan for foreign investments with measures taken to raise investor confidenc...

Mahadiya Hamza
November 29, 2019 1 min read

India offers USD 400mn credit line

Indian Prime Minister Narendra Modi announced a USD 400 million line of credit to Sri Lanka to fund infrastructure proje...

November 29, 2019 2 min read