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Saturday July 20th, 2024
Economy

Sri Lanka's national inflation eases to 10.8-pct in June

Inflation is expected to be in single digit in July

July 24, 2023 1 min read

Sri Lanka bank foreign exchange spreads may narrow later: CB Governor

Sri Lanka has an ad hoc pegging arrangement to collect reserve

July 24, 2023 3 min read

Sri Lanka may un-bundle SOEs before divestment

A transaction structuring report to give options

July 23, 2023 2 min read

Shock revelation in parliament on how Sri Lanka macro-economists, politicians busted rupee

In countries like Singapore and Vietnam, the interests of politicians and economists converge

July 23, 2023 7 min read
Sri Lanka social instability, policy and currency volatility key problems for Japan investors

About a third of firms hit by a currency crisis last year were seeing an improvement in conditions

Sri Lanka central bank prints Rs10bn in 2026 money

Bond were dumped on the central bank at around 13.72 for new money

Sri Lanka eyeing IMF program amid currency float, rising oil prices, sources say

A piecemeal attack will not help: economist

March 11, 2022 3 min read
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Sri Lanka rupee at 265/275 after opening at 260/280 to US dollar

Some exporters have also started to convert, market participants said

March 11, 2022 2 min read
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Sri Lanka needs sound economic management, reforms: ADB President

ADB is having annual sessions in Sri Lanka in September

March 11, 2022 2 min read
1

Sri Lanka actions to stabilize economy in global turmoil: Cabraal

The central bank has also called for higher fuel and electricity prices

March 11, 2022 3 min read
1

Jerome Powell drives US inflation to 7.9-pct in Feb 22 as Sri Lanka hits 15.2-pct

Powell has backed tracked on supply chains and 'transient inflation' amid public pressure

March 11, 2022 3 min read

Sri Lanka's forex woes affect issuance of driver's licenses

He said the government has temporarily extended the validity period of a driving license for one year.

Neshella Perera
March 10, 2022 2 min read

Restaurants in Sri Lanka struggle to stay in business as LP gas shortages worsen

"We will see a serious shortage. We have very little stock, only sufficient for one or two days in the port."

Chanka Jayasinghe
March 10, 2022 3 min read

Sri Lanka rupee traded at 260 to US dollar for the day, market at 260/265

No active trading is expected for the rest of the day

March 10, 2022 2 min read

Sri Lanka has to raise policy rates to contain inflation, help rupee: Wijewardena

We need a macro-economic plan that will cover the interest rates, exchange rate, monetary policy and the budget

March 10, 2022 2 min read
2

Sri Lanka parliament passes data protection act amid privacy concerns

Justice Minister ensures to accommodate amendments, if necessary and privacy will be protected.

March 10, 2022 3 min read
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Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
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 tightens import controls with license raj, taxes amid rupee float

Some items have been brought under licensing, some under taxes and some under taxes and licensing

March 9, 2022 1 min read

Sri Lanka economic crisis: all party conference on the cards; IMF report

The Article IV report contains and analysis of economy and debt and monetary conditions.

March 9, 2022 2 min read
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Sri Lanka rupee quoted at 240/255 to US dollar after central bank re-confirms float

"The currency is floated. Give it a day or two."

March 9, 2022 2 min read
3

Crisis-riddled Sri Lanka appoints economic council; weekly meetings scheduled

Intellectuals with standing in their respective fields will also be invited to meetings of the council as required.

March 9, 2022 2 min read
2

Sri Lanka central bank halts Rs8 top up for remittances, questions over Rs38

The 8 rupee payment has been discontinued

March 9, 2022 1 min read
2

Sri Lanka President set up economic committee

Ministers, Secretaries, Treasury and CB representatives

March 9, 2022 1 min read

Sri Lanka interest rate hike not enough, rupee cannot be held at 230: Harsha

.

March 9, 2022 2 min read
3

Sri Lanka's Ceylon Chamber welcomes exchange rate relaxation

Reminds on energy re-pricing, debt restructuring and IMF program

March 8, 2022 2 min read
1

Sri Lanka rupee converted near 230 to the US dollar, no float yet

Exporter mandatory conversions around 225-230

March 8, 2022 2 min read

Sri Lanka approves Rs38 incentive for worker remittance amid float move

The cabinet approved it before the decision was made to change the exchange rate

March 8, 2022 1 min read
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