An Echelon Media Company
Saturday December 10th, 2022
Economy

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 to reach IMF staff level agreement, debt restructuring framework by end July: PM

Talks will continue over the next few days with an IMF delegation already in the island nation, he said.

High-level Indian delegation due in Sri Lanka for talks on assistance: PM

"But India can't keep giving us loans. Even their assistance has a limit."

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

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
1

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
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
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

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

India offers Sri Lanka US$450mn as President Gotabaya meets Modi

India has offered Sri Lanka a 450 million US dollars to build infrastructure and boost security as President Gotabaya R...

November 29, 2019 1 min read

Sri Lanka Samurai bond may be in January : CB Governor

Sri Lanka's planned Samurai bond sale may be pushed back to January from a earlier plan to go to market in December, Cen...

November 29, 2019 1 min read

Govt to slash spending, push up non-tax revenues - Bandula

The Govt plans to slash spending and push up non-tax revenues in a bid to keep the budget deficit at 5 per cent of gross...

November 29, 2019 1 min read

Sri Lanka's central bank holds rates watching tax cuts, budget deficit

Sri Lanka is holding policy rates at current levels, amid worsening of the budget deficit so far this year and recent t...

November 29, 2019 3 min read

Sri Lanka to slash spending, push up non-tax revenues: Bandula

Sri Lanka plans to slash spending and push up non-tax revenues in a bid to keep the budget deficit at 5 percent of gross...

November 29, 2019 1 min read

Sri Lanka PAYE tax to be abolished, uniform personal income tax on all earnings

Sri Lanka is abolishing Pay As You Earn (PAYE) on salaries and withholding tax on interest up to 250,000 rupees a month,...

November 28, 2019 2 min read