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Friday September 30th, 2022
Economy

Sri Lanka CB Governor warned on pitfalls by Wijewardene amid contradictory rupee moves

"The result was the lengthening of the queue for dollars and the expansion of the black market further."

September 28, 2021 5 min read

EU to review Sri Lanka’s access to GSP+ trade concession amid rights abuse concerns

The EU delegation visit comes after two key incidents of alleged human rights violations in the last two weeks.

September 27, 2021 6 min read

Sri Lanka central bank explains forex repatriation, Zimbabwe style surrender rules

Reserve Bank of Zimbabwe raised its surrender requirement to 40-pct in January.

September 27, 2021 7 min read

Sri Lanka markets being allowed to work, confidence key: Governor Cabraal

What we are doing is allowing markets to move in the way that they should perform

September 27, 2021 3 min read

Sri Lanka business chamber builds links with Myanmar

The Sri Lanka-Greater Mekong Business Council of the Ceylon Chamber of Commerce organized a delegation to Myanmar to exp...

July 13, 2019 1 min read

Sri Lanka President in push for large scale money printing, fiscal dominance: report

President Maithripala Sirisena has opposed changes to Sri Lanka's central bank law which aims to end wholesale money pri...

July 12, 2019 3 min read

Travel + Leisure ranks Sri Lanka Best Island in the World

Popular travel magazine Travel + Leisure has ranked Sri Lanka No. 1 in its list of 15 Best Islands in the World.

July 12, 2019 2 min read

858 women migrant workers back in the island

The Sri Lanka Bureau of Foreign Employment (SLBFE) has by yesterday (11 July) brought in 858 expatriate women workers wh...

July 12, 2019 1 min read

Sri Lanka's growth downgraded to 3-pct for 2019

Sri Lanka's growth forecast for 2019 has been downgraded to 3.0 percent from an earlier 4.0 percent, though a recovery i...

July 11, 2019 1 min read

Sri Lanka central bank may cut floor rate in August

Sri Lanka's central bank which is propping up overnight rates a little above the 7.5 percent floor policy corridor with ...

July 11, 2019 3 min read

Sri Lanka eying 10-year Samurai bond sale in 2019

Sri Lanka is eying a 10-year Samurai bond to raise funds for debt management, after parliament gave the go ahead to rais...

July 11, 2019 1 min read

Sri Lanka forex reserves grow to US$8.9bn in June

Sri Lanka's forex reserves grew to 8.9 billion US dollars in June 2019 from 6.7 billion US dollars, in May a central ban...

July 11, 2019 1 min read

Sri Lanka floor policy rate unchanged at 7.50-pct in July

Sri Lanka is holding policy rates at curent levels in a bid to maintain inflation, the central bank said.

July 11, 2019 6 min read

Sri Lanka’s economy to bottom out in 2019: HSBC

Sri Lanka’s economic slowdown which was caused by drought, floods, political uncertainty and the Easter Sunday te...

July 11, 2019 4 min read
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Latest Last
US Dollar 369.9235 369.9235
UK Pound 417.3920 417.3688
Euro 365.4949 365.1473
Aus Dollar 247.2916 245.9917
Yen 2.6166 2.5700
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4750 4.5225
Korea Won 0.2575 0.2576
Oman Rial 942.5852 942.5852
Saudi Riyal 96.4518 96.4518
UAE Dirham 98.7994 98.7994
Source: Central Bank/Indicative
pts %
S&P SL20 3,203.01 -0.87%
CSE All Share 9,964.80 -0.36%
Turnover Rs million 3,017,534,901 4,958,500,230
Source: CSE
Latest Last
3-m bill 30.31 30.81
6-m bill 28.51 28.66
12-m bill 28.26 28.78
5-yr bond 25.30 25.04
8-yr bond 26.01 25.76
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

Project underway to assist small-scale rice mill owners

A project is underway to sell paddy stocks purchased by Government Agents to small-scale rice mill owners to strengthen ...

July 11, 2019 1 min read

Sri Lanka minister calls out anti-Muslim teacher who destroyed student's property

A minister in Sri Lanka called out a nationalist teacher who has destroyed a child's property in a bid to enforce a boyc...

July 10, 2019 2 min read

Sri Lanka parliament committee slams abuse of discretionary budgeting

A Sri Lankan parliament committee has highlighted what it called “misuse of discretionary budgeting” by the ...

July 10, 2019 2 min read

Sri Lanka's overnight target rate down 84-bp since floor rate cut

Sri Lanka's central bank is propping up the overnight rates about 20 basis points above its floor policy rate which was ...

July 10, 2019 5 min read

Sri Lanka Prime Minister wows to battle anti-freeholders

Sri Lanka' Prime Minister Ranil Wickremesinghe said he would battle in court anti-freeholders to give title to farmers a...

July 9, 2019 3 min read

MCC CEO keen on pushing controversial compact

Newly sworn-in Chief Executive Officer of the Millennium Challenge Corporation (MCC) Sean Cairncross says the agency is ...

July 9, 2019 2 min read

COPA recognises 109 high performing state institutes

The Parliamentary Committee on Public Accounts (COPA) has highlighted 109 state institutions that have shown high perfor...

July 8, 2019 1 min read

Sri Lanka parliament faults finance ministry on wrong foreign debt interest costs

A Sri Lankan parliament committee has accused the government’s finance ministry of seriously underestimating and ...

July 8, 2019 2 min read

Suicides due to economic reasons go up in Sri Lanka

Though family disputes, failed love affairs and suffering from chronic disorders are seen as the main reasons, suicides ...

July 8, 2019 1 min read

Trade union alcohol politics leave Sri Lanka state railways, passengers reeling

A wildcat strike at state-run Sri Lanka Railways that left 400,000 passengers stranded was a result of union rivalry inv...

July 6, 2019 4 min read