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Saturday March 2nd, 2024
Economy

Sri Lanka's draft money monetary law can be revised before passage: CB Governor

Sri Lanka draft monetary law has run into controversy in several quarters

March 17, 2023 2 min read

Sri Lanka still has no intention of laying off public sector employees – state finmin

Sri Lanka has one state sector employee for every 16 people

March 16, 2023 3 min read

Sri Lanka likely to see further beef price hike over lump disease in North

The disease is also slightly spreading to other provinces in Sri Lanka

March 16, 2023 2 min read

Sri Lanka's JAAF welcomes IMF progress, calls for reforms

Good governance, and a recognition of the democratic process is key

March 16, 2023 2 min read
Sri Lanka chamber suggests French alternative to scrapping SVAT

Sri Lanka is scrapping SVAT as part of streamlining the VAT system under an International Monetary Fund backed program.

Sri Lanka SOE unions want good investors in divestment, job security

Management resistence in one or two companies

Sri Lanka private, state credit surge in August, CB credit up 187-pct

Central bank credit to government grew 187 percent in the 12-months to August

October 12, 2021 1 min read

Sri Lanka CPC seeks fuel price hike amid Powell Bubble, currency fall

We will inform the cabinet that we cannot bear this loss anymore

October 12, 2021 3 min read

Sri Lanka says only quotes no volumes for sovereign bond buy-back

Not even 5 per cent of the outstanding January 2022 ISB maturity was available for sale

October 11, 2021 2 min read

Sri Lanka central bank on insolvency track, quasi-fiscal losses loom

In September gross reserves had fallen further

October 11, 2021 8 min read

IMF cautions Maldives on money printing to stop rufiyaa fall as Sri Lanka wobbles

Tighter monetary policy stance may be needed to ensure compatibility with the exchange rate peg

October 9, 2021 3 min read

Sri Lanka forex reserves down to US$2.5bn in September

From US$5.6bn in December 2020

October 9, 2021 1 min read

Despite challenges, trade fairs will stay

Organisers are looking at different methods in which Trade Fairs could be re-introduced.

Kshama Ranawana
October 9, 2021 5 min read

Sri Lanka Minister apologizes for creating shortages, gives up on price controls

We apologize for the inconvenience caused to consumers

October 8, 2021 4 min read

Sri Lanka shortage agency likely to relax price controls on LPG, wheat flour, milk

CAA to issue new price controls based on 'costs'

October 8, 2021 6 min read

Sri Lanka kicks off 2022 budget process with Appropriation Bill

The ministry of defence had been allocated 373.1 billion rupees, health 153.5 billion rupees and education 127 billion

October 7, 2021 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 314.2362 315.2986
UK Pound 398.6683 401.0482
Euro 341.7333 343.3195
Aus Dollar 206.6758 207.9088
Yen 2.1003 2.1051
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 to grow 3.3pct in 2021, macro-risks loom: World Bank

Outlook clouded by pre-existing macroeconomic weaknesses

October 7, 2021 2 min read

Sri Lanka looking to adopt policy on blockchain technology, digital banking, crypto mining

"Proper regulatory framework will ensure that Sri Lanka will lead the digital economy in the region.”

October 7, 2021 2 min read

EU: Focused on non-discrimination, PTA during Sri Lanka’s GSP+ monitoring mission

 “The meetings also reviewed drugs policy, environment and climate change, as well as corruption.”

October 7, 2021 3 min read

Sri Lanka rejects Oman land-for- interest request in US$3.6bn oil supplier's credit: Minister

The 3.6 billion US dollar credit line for one year

October 6, 2021 2 min read

Sri Lanka warned on debt default bombshells by Lee Buchheit

There is an enormous political aspect to it both internationally and domestically

October 6, 2021 8 min read

Sri Lanka gets five proposals for foreign currency term loan

The loans will have to be a minimum of one year

October 6, 2021 1 min read

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