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Saturday March 2nd, 2024

Sri Lanka GDP shrinks 7.8-pct in 2022 after output gap targeting

In the fourth quarter of 2023, the economy shrank 11.2 percent

March 16, 2023 5 min read

INTERVIEW - Sri Lanka likely to see over $7 bln in four years after IMF deal – minister

Sri Lanka's economic crisis turned into a political crisis last year and ousted its leader and government.

March 15, 2023 2 min read

Sri Lanka trade unions call off "strange" anti-tax protest after PMD claims failure

Over 40 Sri Lankan state-sector trade unions started protest against personal income tax rate hike

March 15, 2023 4 min read

Sri Lanka promoting MICE tourism to meet 12-pct of 2023 target

Targeting South Asia, Middle East and Europe

March 15, 2023 2 min read
Sri Lanka remittances up 53-pct to US$499mn in August

The August number is slightly lower than 541 million US dollars in July

Sri Lanka to make EPF, ETF mandatory for domestic aides, plumbers

The government hopes to increase the number of contributors to the funds.

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
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 optimize existing structure before new taxes: Jayasundera

What we have to do is see if we get the optimum yield with the existing tax structure

October 4, 2021 4 min read

Sri Lanka 2021 budget deficit hits trillion rupees by July, Rs549bn printed

Money printing has triggered a US$2.7bn balance of payments deficit

October 4, 2021 4 min read

EU gives Sri Lanka till 2022 to fix terror law, discusses institutions of liberty

EU-Sri Lanka Joint Commission to review in early 2022.

October 2, 2021 4 min read

Sri Lanka expects 5.0-pct GDP growth in 2021, 6.5 in first quarter 2022

Economy dealing with a series of challenges

October 1, 2021 3 min read

Sri Lanka central bank relaxes some controls, exporters forced to convert more dollars

Central Bank negotiating US$500mn in swaps

October 1, 2021 4 min read

Sri Lanka to consider buying back ISBs falling due in 2022: Governor Cabraal

We will consider buying back the ISBs if steep discounts continue

October 1, 2021 2 min read

Sri Lanka removes LC margins on electronic, 'non-essential' items: Cabraal

The cash margin is removed from today

October 1, 2021 1 min read

Sri Lanka to hike mandatory foreign exchange surrender rule

No change will be made to personal foreign currency accounts,

October 1, 2021 1 min read

Sri Lanka courts get AV equipment from US for Covid-19 era hearings

To help courts to record and transcribe proceedings

October 1, 2021 1 min read

Sri Lanka killing US$1.3bn export industry to save US$30mn

For tea industry in particular, the fertilizer cost is only two percent of the total earnings

October 1, 2021 2 min read