An Echelon Media Company
Monday December 11th, 2023

Sri Lanka committee to oversee merging of BOI and EDB activities

The cabinet had also directed the Legal Draftsman to prepare a bill to set up an International Trade Office

January 18, 2023 1 min read

Sri Lanka to spend Rs10bn to give free rice to families

The government will buy 61,600 metric tonnes of paddy to produce 40,000 MT of rice.

January 17, 2023 2 min read

Sri Lanka debt talks with India, China successful: President

I can tell this assembly that the talks are successful

January 17, 2023 1 min read

Sri Lanka to transfer 1-pct of 2023 current spending of all ministries to health

The Health Minister said he needs an additional 10 billion rupees to purchase medicine in 2023

January 17, 2023 1 min read
Sri Lanka makes offer to restructure domestic debt

Debt of central bank, pension funds and dollar debt of local banks to be re-structured

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

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
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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 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

Sri Lanka disputes Moody's downgrade warning

Action is ill-judged and un-acceptable says Finance Ministry

July 19, 2021 3 min read

Sri Lanka 'Caa1' sovereign rating on downgrade review by Moody's

Low forex reserves

July 19, 2021 9 min read

Sri Lanka's central bank 'saves' US$27mn in forex reserves

CB held T-bill stock sold down by Rs5.6bn after bill auction

July 19, 2021 4 min read

Sri Lanka apparel exporters hopeful of GSP+ extension

Says authorities addressing concerns

July 19, 2021 2 min read

Sri Lanka monetary and fiscal policies for export industry, but businesses not ready: de Zilwa

"I mean if you look at what we are doing its absolute garbage"

July 18, 2021 3 min read

Watch: Covid-19 in Sri Lanka and business: What next?

#Restart21 (Episode 1) Kasturi Chellaraja, Hilmy Cader, Chanakya Dissanayake, and Kenneth De Zilwa

July 16, 2021 1 min read

Sri Lanka's Bank of Ceylon 'CCC' rating confirmed amid operating risks

Credit growth driven by loans to state and SOEs

July 16, 2021 9 min read

Sri Lanka finance minister Basil Rajapaksa meets foreign envoys on economy

Green economy and vaccination among topics

July 15, 2021 1 min read