An Echelon Media Company
Tuesday December 5th, 2023

Sri Lanka getting good results from creditors for IMF deal: Minister

The discussions are becoming successful

January 17, 2023 1 min read

Sri Lanka to pay state workers in stages to avoid printing money

Salaries for SOE employees has increased by 633 percent since 2000

January 17, 2023 2 min read

Sri Lanka president to provide free rice for poor amid rising discontent

Sri Lanka sees new anti-government protest amid high cost of living, taxes

January 16, 2023 2 min read

Despite strict measures, Sri Lanka's illegal migration continues as crisis takes toll

Sri Lanka saw number of boat people increasing over 11 folder last year

January 16, 2023 2 min read
Sri Lanka hikes cigarette, alcohol taxes 20-pct

Alcohol taxes going from 1,000 rupees a litre upwards, cigarettes from around 2.70 to 12.00 rupees

Sri Lanka's COPF endorses DDR plan with majority support

The chairman himself had refrained from voting, he told EconomyNext Friday June 30 evening.

Sri Lanka fails to sell 41-pct of Treasuries at de facto policy rate ceiling

Ceiling rate set at 5.26-pct

July 28, 2021 3 min read

Sri Lanka central bank bill stock top trillion rupees after July reserve outflow

Landmark month

July 28, 2021 4 min read

Sri Lanka’s fertilizer, energy reforms 'very painful' but healthy: Jayasundera

'The national balance sheet is very scary because almost all districts are reporting non-communicable ... diseases'

July 28, 2021 3 min read

'Dramatic change' in new Sri Lanka finance minister’s 2022 budget

2022 budget to achieve meaningful fiscal responsibility: Jayasundera

July 27, 2021 2 min read

Sri Lanka reserve fall after bond payment will be temporary: Minister Cabraal

'Reserves to be buttressed with non-debt inflows'

July 27, 2021 2 min read

Sri Lanka in a balancing act with global powers for investment: P B Jayasundera

De-link investments from loans

July 27, 2021 3 min read

Sri Lanka will manage debt stress, will not seek IMF loan: P B Jayasundera

July a stressful month

July 26, 2021 2 min read

Sri Lanka to recoup US$200mn from bond settlement back to forex reserves: Minister Cabraal

Out of billion dollar bond US$310 million held by resident investors

July 26, 2021 2 min read

Sri Lanka rupee swap discounts ease further, exporter parallel rates up

Financial outflows by some foreign banks are met at higher rates

July 26, 2021 3 min read

IMF suggests taming 'market power' instead of central banks as Powell bubble bites

Big companies may force earlier monetary tightening

July 26, 2021 4 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 sending money to repay billion dollar ISB, late buyers to profit: Minister Cabraal

As yields rose in 2020, domestic banks bought the bonds

July 25, 2021 2 min read

Sri Lanka national inflation at 6.1-pct in June 2021, prices jump 1.5-pct

Powell bubble is also firing up global commodity prices

July 25, 2021 3 min read

US retracts Vietnam 'currency manipulation' claim, repeats lie on 'one sided' interventions

Vietnam intervened heavily in forex markets when Yellen tightened policy in 2014/15 and 2018

July 24, 2021 3 min read

Vietnam promises US it will not devalue, but dreaded Sri Lanka style 'monetary modernization' looms

Governor Thi Hong insists monetary policy of strong Dong is for stability not for Mercantilism

July 23, 2021 6 min read

Sri Lanka vaccinates 30-pct of population with first dose, most with Sinopharm

Over the past week 1.4mn doses administered

July 23, 2021 2 min read

Some Sri Lanka firms could be hit on import controls as reserves fall: Fitch

Import substitution firms to benefit, essential goods may be neutral

July 23, 2021 3 min read

Sri Lanka liquidity down amid reserve outflows, overnight rates edge up

Overnight rates highest since July 2020 rate cut but below ceiling rate

July 22, 2021 2 min read

Sri Lanka BOP deficit tops billion dollars in May, trade gap soars amid money printing

Trade gap up to May 2021 soars to 3.6bn, higher than the 3.2bn in 2019 with no import controls

July 22, 2021 2 min read

Sri Lanka could double exports to US$20bn with organic crops after fertilizer ban: Trade Minister

"If we make the country organic we can earn 20 billion US dollars in two years." the minister said

Imesh Ranasinghe
July 21, 2021 3 min read

Sri Lanka exports up 9.4-pct in June 2021

US, UK, Germany leads

July 20, 2021 2 min read