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Saturday March 2nd, 2024
Economy

Sri Lanka calls on bilaterals to work among themselves to re-structure debt

President promises not to do side deals with individual creditors

March 14, 2023 2 min read

Sri Lanka central bank officers concerned over controversial draft monetary law

Govenor to serve in perpetuity?

March 14, 2023 2 min read

Sri Lanka central bank staff to join IMF progressive tax protests

EPF, cash counters and regional offices may be disrupted

March 14, 2023 1 min read

Sri Lanka's JVP will not support sustained strike beyond Mar 15: Lal Kantha

Trade unions in Sri Lanka have threatened to cripple the economy if the government does not reverse a number of reforms.

March 14, 2023 3 min read
Sri Lanka must not allow elections to distract from stabilisation: ex-central bank chief

"We must not allow the gains that we have made to be reversed through policy slippage,” he said.

Sri Lanka may appoint local advisors for small SOE divestments

About 80 state commercial entities could potentially be divested

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
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 September 2021 inflation 5.7-pct in Colombo

The food sub-index up 22 percent over 24 months

October 1, 2021 3 min read

Sri Lanka CB rate hike, SRR has not met original objectives: Jayasundera

If the export credit is expensive, they have to bring dollars

September 30, 2021 7 min read

If I was Sri Lanka's Finance Minister: Chandra Jayaratne

Jayaratne is advising the administration to avoid astrological beliefs, communicate the problem and take action.

September 30, 2021 17 min read

Sri Lanka opp lawmaker accuses govt of representing interests of "rice mafia"

The MP also claimed that the current leadership’s image as a fearless doer has waned.

September 29, 2021 3 min read

Sri Lanka shortages and blackmarkets not the actual intention of price controls: Minister

'We are not deliberately creating these conditions (thuth-wer athi-karalar) and trying to take these decisions'

September 29, 2021 3 min read

Sri Lanka’s CMC seeks property registration to boost revenue

“There are properties that haven’t been registered for 200 years,” Iqbal said.

Mahadiya Hamza
September 28, 2021 2 min read

Sri Lanka sells 16.8bn in bonds, yields up, post-auction tap open

Post auction tap open till 1600hours on Sept 30

September 28, 2021 4 min read

Sri Lanka to import 100,000 tonnes of 'healthy', non-organic rice, as prices soar

There is a food controller from the health ministry when we import any foods,

September 28, 2021 2 min read

Sri Lanka to give US$50mn to clear 800 containers stuck at port: Consumer Minister

"The Prime Minister asked the Finance Ministry to release foreign currency to clear the containers."

September 28, 2021 1 min read

Sri Lanka cabinet clears Appropriation Bill for 2022 outlining budget allocations

The bill sets out allocations for each ministry and also borrowing limits

September 28, 2021 1 min read