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Thursday September 29th, 2022
Economy

Sri Lanka prints Rs106.7bn rupees to fully sterilize interventions, SRR hike effect

On October 04, the central bank's Treasury bills stock rose to 1,442.7 billion rupees from 1,336 billion rupees

October 5, 2021 3 min read

Sri Lanka Finance Minister, India foreign secy discuss taking forward joint projects

To take forward joint projects of mutual benefit

October 5, 2021 1 min read

Sri Lanka online forum with sovereign debt restructure specialist Lee Buchheit

He has worked on debt restructuring soft-pegged countries like Argentina and Venezuela as well as Greece

October 5, 2021 2 min read

Sri Lanka can’t develop Trinco oil tanks without India as per 1987 accord: Minister

“There is not even a modicum of truth about what is reported everywhere,” said Gammanpila.

October 4, 2021 2 min read
Sri Lanka forex reserves drop to US$1.9bn in March 2022

Sri Lanka has printed large volumes of money from 2020 under Modern Monetary Theory

Sri Lanka parliament approves retrospective surcharge tax

Sri Lanka is facing its worts financial crisis since the 1948 independence

Donald Trump inspires Sri Lanka legislator to slash freedoms of people

Sri Lanka should raise taxes on imported films and television dramas to force people to watch domestic productions, a le...

August 20, 2019 4 min read

Sri Lanka begins upgrading ageing railway with ADB credit

ECONOMYNEXT - Sri Lanka is starting to upgrade its ageing railway network loan to win back passengers as congestion and ...

August 20, 2019 2 min read

Sri Lanka probes 108 million rupee potato burial

Sri Lanka's ministry of industry and commerce had bought 108 million rupees of potatoes and buried them during a so-call...

August 20, 2019 2 min read

Sri Lanka to promote 31,500 policemen

Sri Lanka is planning to promote 31,540 policemen without regard to existing vacancies following a policy decision and a...

August 18, 2019 1 min read

Advocata lauds opening of COPE to media

Advocata is saying the opening of the hearings of the Committee on Public Enterprises (COPE) to the media is a timely in...

August 16, 2019 2 min read

Sri Lanka manufacturing, services activities grow in July

Sri Lanka's manufacturing and services activities grew in July 2019 from a month earlier, the central bank said.

August 16, 2019 2 min read

Sri Lanka submits LP Gas price formula to court: Harsha

Sri Lanka's Attorney General has submitted a price formula for liquefied petroleum gas to court for approval to end mini...

August 16, 2019 2 min read

Heads of four State Enterprises to face MPs grilling on live TV

Four major state-owned enterprises will come under the microscope when the Parliamentary Committee on Public Enterprise ...

August 15, 2019 2 min read

Sri Lanka to allow import of 80,000MT of maize

Sri Lanka will allow 80,000 metric tonnes of maize to be imported for animal feed before January 31, 2020 with the bulk ...

August 15, 2019 1 min read

Sri Lanka cabinet clears tax to protect local e-commerce firms

Sri Lanka's cabinet has approved a 3.5 percent tax on services bought through credit and debit cards, as the island acce...

August 14, 2019 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 369.9235 369.9235
UK Pound 417.3920 417.3688
Euro 365.4949 365.1473
Aus Dollar 247.2916 245.9917
Yen 2.6166 2.5700
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4750 4.5225
Korea Won 0.2575 0.2576
Oman Rial 942.5852 942.5852
Saudi Riyal 96.4518 96.4518
UAE Dirham 98.7994 98.7994
Source: Central Bank/Indicative
pts %
S&P SL20 3,203.01 -0.87%
CSE All Share 9,964.80 -0.36%
Turnover Rs million 3,017,534,901 4,958,500,230
Source: CSE
Latest Last
3-m bill 30.31 30.81
6-m bill 28.51 28.66
12-m bill 28.26 28.78
5-yr bond 25.30 25.04
8-yr bond 26.01 25.76
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 to delay 2020 budget, 4-month vote on account

Sri Lanka will delay a budget for 2020 by four months until after a presidential election is held an a new cabinet is in...

August 14, 2019 1 min read

Sri Lanka awards import 50,000MT fertilizer to Singapore firms

Sri Lanka Fertilizer Company and Colombo Commercial Company has been cleared by the cabinet of minister to to import 50,...

August 14, 2019 1 min read

Sri Lanka's central bank lends liquidity near deposit rate

Sri Lanka's central bank is injecting billions of rupees (lending money) to the banking system the rate at which excess ...

August 13, 2019 2 min read

US false claims of China currency manipulation 'purely political', act of war: Hanke

US claims that China is manipulating its currency is "purely political" amounts to an act war and is a repeat of false m...

August 12, 2019 4 min read

Sri Lanka's central bank buys US$129mn to peg rupee in July

Sri Lanka's central bank has bought 129 million US dollars to peg the rupee to the US dollar with a strong side converti...

August 11, 2019 3 min read

Sri Lanka forex reserves drop in July to US$8.34bn

Sri Lanka's gross official foreign reserves dropped 421 million US dollars during the month of July 2019 to end at 8,343...

August 10, 2019 1 min read

Sri Lanka to ban grain imports in neo-illiberal high

After years of taxing basic foods to keep prices artificially high and fatten the profits of an inefficient but politica...

August 9, 2019 4 min read

Effective power regulation needed or blackouts could be experienced again - Prof. Samarajiva

Sri Lanka needs to ensure the Independence of the Electricity regulators - ASTW

August 8, 2019 2 min read

China mops up liquidity to prop up Yuan, Sri Lanka rupee slightly weaker

The People's Bank of China mopped up excess liquidity in money markets to prop up its now unstable 'flexible exchange ra...

August 7, 2019 6 min read

Sri Lanka plans talks on pepper trade barrier slammed by India

Sri Lanka is planning talks with India to relax a minimum import price for pepper, a non-tariff barrier erected by India...

Chandeepa Wettasinghe
August 7, 2019 3 min read