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Saturday March 2nd, 2024
Economy

Sri Lanka rupee at 322/323 to US dollar, kerb Rs313/316

There were quotes around 317/325, 318/326 in the market in afternoon trade

March 10, 2023 1 min read

Sri Lanka post-default rating linked to IMF debt reduction path: Fitch

A longer path to debt re-structuring may delay upgrades

March 10, 2023 5 min read

Sri Lanka's state-run CPC records significant reduction in fuel sales: minister

Records show a reduction of about 50 percent in auto diesel, about 30 pertol in petrol, and about 70 percent in kerosene

March 10, 2023 1 min read

Sri Lanka central bank buys US$500mn since surrender rule ended

About a billion US dollars in gross purchases since January

March 10, 2023 2 min read
Sri Lanka to use Biyagama free trade zone as blueprint for industrialisation: president

“These areas are set to undergo rapid development, transforming into vibrant commercial cities,” he said.

ADB budget support, SME loans in the offing for Sri Lanka after IMF review

These policy-based loans will be underpinned by critical sector reforms

Sri Lanka extends deadline for foreign currency loan

The extension was given because some investors requested more time to get internal approvals

September 25, 2021 1 min read

Sri Lanka seeks UAE help in buying oil

Discussion are also under way with the Indian government for a 500 million US dollar credit line to buy fuel.

September 24, 2021 2 min read

Sri Lanka in talks with India for $500mn credit line for oil: Jayasundera

So that petroleum burden would be reduced

September 24, 2021 3 min read

Sri Lanka latest import restrictions should be revisited: Jayasundara

Now the central bank has imposed a 100-pct credit margin on IT products, which is not healthy

September 24, 2021 5 min read

Sri Lanka rupee hobbled by 203 decree, priority lists, three bonds quoted

This week American Express, a credit card started rejecting overseas transactions above 100 US dollars.

September 23, 2021 5 min read

Sri Lanka bus assembly eyed by China's King Long Auto in Hambantota

'With the Hambantota Port being so strategically located, we would be able to reach newer markets.'

September 23, 2021 2 min read

Sri Lanka new CB Governor earns cautious approval from Wijewardena

Wijewardene as Deputy Governor in 2008/2009 along with Cabraal tamed the agency's domestic operations

September 23, 2021 3 min read

2021 IMF Annual Meetings Youth Fellowships open for application

Open to individuals aged between 20 to 32 from across the world

September 23, 2021 2 min read

Sri Lanka to raise borrowing limit by Rs400bn for 2021

The borrowing ceiling for 2021 will be raised to Rs3,397 billion rupees from 2,997 billion.

September 22, 2021 1 min read

Sri Lanka seeks 100mn US supplementary loan from World Bank for COVID-19

The World Bank has agreed to grant the loan, a cabinet release said.

September 22, 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

Fingers crossed that Sri Lanka's failed bill auctions which ravaged rupee will end

The yield curve flattens and is rock steady ahead of currency crises as anchors conflict

September 22, 2021 5 min read

Sri Lanka's national inflation at 6.7-pct in August 2021

The food price index grew 11.1 percent in the year to August

September 22, 2021 1 min read

Sri Lanka CB announces monetary board secretary amid controversy

Previous tenors given

September 22, 2021 2 min read

IMF has a role in Sri Lanka after framework decided: Jayasundera

So if the plan is convincing, each one has a role to play in that plan

September 21, 2021 4 min read

Sri Lanka central bank Treasuries stock tops Rs1.3 trillion amid reserve losses

Rising domestic assets point to a corresponding fall in foreign assets

September 21, 2021 3 min read

World Bank Doing Business index scrapped after manipulating ranking for China, others

China's rankings had dropped to 85 from 78 before the data was manipulaed

September 21, 2021 4 min read

Sri Lanka cronies profiting from import controls, SMEs battered: Samarajiva

What we are building is a kleptocracy which will then pollute and completely distort the political processes

September 19, 2021 6 min read

Sri Lanka shortage creating agency may allow milk powder supplies to resume

New price subject to dollars given at 203 to the US dollar

September 19, 2021 3 min read

Sri Lanka gets more railway coaches from India under US$82.6mn deal

RITES will also supply two AC diesel multiple units (DMU) to Sri Lanka Railways.

September 18, 2021 1 min read

Sri Lanka anti-COVID-19 measures to cost $550 million: Jayasundera

The real cost is more

September 17, 2021 2 min read