An Echelon Media Company
Thursday June 20th, 2024
Economy

Sri Lanka adds wheat flour to price control agency list, LP gas dropped

The CAA has previously triggered shortages in eggs, tinned fish, dhal and sugar with price controls

June 19, 2023 1 min read

Sri Lanka dollarization, currency competition can end depreciation, instability: Lawrence White

A fixed exchange rate is one kind of restraint on a central bank. Dollarization is the strongest fixed exchange rate

June 19, 2023 13 min read

Sri Lanka's new anti-corruption law will signal ease of doing business: official

“Next week, when this bill is brought to parliament, I believe we will be able to take that forward,” he said. 

June 18, 2023 3 min read

Sri Lanka official warns against premature speculation on DDR

"The government is fully committed to ensure the stability of the banking and financial sector."

June 18, 2023 2 min read
Crisis-hit Sri Lanka eyes $200 mln yearly from foreign ships

“We lose significant revenue because we don’t have ENCs" - Minister

Sri Lanka to part repay re-auctioned bonds with cash deposits: CB Governor

The government now has deposits in state banks, not overdrafts

Sri Lanka to import 300,000 tonnes of rice as crop loss expected

Nadu and Samba substitute

January 11, 2022 1 min read

Sri Lanka gold sales to boost liquid assets: Central Bank

Gold reserves are 5.6 percent of total reserves

January 11, 2022 2 min read

Sri Lanka to get US$125mn equivalent grant from China on Wang Yi visit

Can be used for food, medicine and infrastructure

January 10, 2022 1 min read
1

China ready for 'new level' in Sri Lanka relations, expand strategic partnership: Wang Yi

We should seek further synergy between our development strategies

January 10, 2022 2 min read

Sri Lanka relief package may worsen budget problems: Moody's

Deficit could be 9-10-pct of GDP

January 10, 2022 5 min read

China's 10bn yuan swap with Sri Lanka is “unique”, says envoy

It’s a strategic decision by the Chinese leader

Shihar Aneez
January 10, 2022 2 min read

Sri Lanka needs corrective economic package: Wijewardena

Unless the bitter pill is taken Sri Lanka has no future

January 10, 2022 3 min read

Chinese envoy confident of Sri Lanka overcoming economic crisis

I am positive and I am confident Sri Lankan people and Sri Lanka as a country can complete the task

January 10, 2022 2 min read

China backs resumption of stalled FTA with Sri Lanka

There was a very good discussion on the FTA as well as Comprehensive Economic and Technical Co-operation

Shihar Aneez
January 9, 2022 5 min read

Sri Lanka will have "no default, disorderly or otherwise": CB Governor

Defaults have negative consequences

January 9, 2022 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
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

India banks slash packing credit for Sri Lanka shipments, cuts risk limits

Banks getting selective

January 9, 2022 2 min read

Sri Lanka President seeks debt relief, import credit from China

It would be a great relief to the country if the attention could be paid on restructuring the debt repayments

January 9, 2022 2 min read

Sri Lanka minister defends payment in China organic fertilizer dispute, says no loss

Fertilizer will come back

January 9, 2022 2 min read

Sri Lanka CB allays fears of expat workers

Says dollars of foreign resident workers will not be converted

January 8, 2022 3 min read

Sri Lanka sells down monetary gold as forex reserves drop

Country has not bought gold since 2014

January 8, 2022 3 min read

Sri Lanka foreign reserves US$3,137mn in Dec, gold reserves down

Gold reserves down to US$175mn from US$382mn

January 7, 2022 1 min read

Sri Lanka bakery owners warn of possible bread shortage

“People might not be able to buy bread even if they stand in queues,” said Jayawardena.

January 7, 2022 2 min read

Sri Lanka seeks more Korean aid, offers special investment zone

.

January 7, 2022 1 min read

Sri Lanka releasing dollars for essential items: CB Governor

A 15 million dollar tranche this week

January 7, 2022 1 min read

Sri Lanka signs Trinco oil tank farm deal with India's LIOC

“The agreement will be submitted to the cabinet on January 10 and to the parliament on January 18.”

January 6, 2022 2 min read