An Echelon Media Company
Wednesday December 7th, 2022

Sri Lanka rupee dollar swap discounts jump amid forex crisis

Banks are generating dollars through swaps at rates in excess of 30-pct

December 23, 2021 4 min read

Sri Lanka year end reserves to top US$3.0bn: Central Bank

About 2 billion US dollars of central bank swaps were expected in the 'near term'

December 22, 2021 3 min read

Sri Lanka presidential probe on gas explosions contradicts previous official claims

"The cylinders, regulators, stoves, and other equipment have remained unchanged."

December 22, 2021 4 min read

Sri Lanka forex shortages crippling businesses, IMF deal urged by Chambers

This will affect in maintaining the credibility of doing business with our suppliers and business

December 22, 2021 4 min read
Crisis management roadmap for MP input on the way, Sri Lanka PM tells key MPs

By Thursday (16) afternoon, transport has been all but crippled.

Sri Lanka manufacturing PMI up in May, services continue down

Manufacturing recover from April holiday

Sri Lanka’s Ceylon Chamber wants zero tolerance of divisive practices, pvt sector monitoring

Sri Lanka's main business chamber wants the private sector monitor government program implementation and zero tolerance ...

October 30, 2019 6 min read

Port City Deed handed over

The formalities over the leasing of the land where the Colombo Port city to the CHEC Colombo Port City Ltd., took place ...

October 29, 2019 1 min read

Sri Lanka Cabinet approves US$480mn US Millennium Challenge Corp grant

Sri Lanka's Cabinet of ministers has approved a 480 million US dollar grant from the United States government's Millenni...

October 29, 2019 1 min read

Sri Lanka luxury tax for high value cars, engine capacity base removed

Sri Lanka will charge a so-called luxury tax from high value cars and SUVs for which import letter of credit was opened ...

October 29, 2019 1 min read

Advocata calls for AG Dept. representation at COPE proceedings

Advocata, a free market think tank, welcomed a recommendation to include representatives of the Attorney General’s (AG...

October 29, 2019 2 min read

Reforms that'll help Sri Lanka draw investors shifting production from China

Sri Lanka can benefit from supply chain disruptions that current global trade tensions generate by becoming attractive f...

October 29, 2019 3 min read

Sri Lanka's COPE in oversight battle over listed Lanka Hospitals

ri Lanka parliament's Committee on Public Enterprises has sought oversight over Lanka Hospital Corporation Plc, a public...

October 26, 2019 2 min read

Sri Lanka troubled firms will get CRIB relief, 18-month debt freeze: Cabraal

Borrowers from banks in Sri Lanka in difficulties will get an 18-month debt moratorium and a credit default agency will ...

October 26, 2019 3 min read

Moody’s Analytics Knowledge Services to expand Sri Lanka unit

Moody’s Analytics Knowledge Services Lanka (Pvt) Limited, financial research and analysis firm it expanding operations...

October 25, 2019 1 min read

Sri Lanka ease of doing business ranking rises one spot to 99th

Sri Lanka has risen one place to 99th in the World Bank's Doing Business 2020 rankings without economic reforms, while ...

October 24, 2019 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 371.7757 371.7599
UK Pound 442.7119 438.8584
Euro 387.1945 385.3880
Aus Dollar 253.0234 251.0798
Yen 2.6686 2.6603
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4818 4.4863
Korea Won 0.2748 0.2747
Oman Rial 944.1068 944.1068
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.9627 98.9627
Source: Central Bank/Indicative
pts %
S&P SL20 2,464.20 -3.19%
CSE All Share 8,087.04 -2.47%
Turnover Rs million 1,626,658,918 1,576,314,848
Source: CSE
Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
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

Air tickets in Sri Lanka dollarized after 'flexible exchange rate' collapse

Airlines have started to denominate tickets in US dollars instead of rupees, travel agents in Sri Lanka said, in a new ...

October 24, 2019 4 min read

Sri Lanka cuts VAT on apartments to 6-pct, small condos exempted

Sri Lanka has cut a value added tax on condominiums to 6 percent and has exempted small apartments priced below 25 mill...

October 24, 2019 1 min read

Sri Lanka parliament passes vote on account till April 2020

Sri Lanka's parliament passed a vote on account, giving authority for the government to spend and raise debt up to April...

October 23, 2019 1 min read

Sri Lanka state salaries to go up sharply in 2020

Sri Lanka's state salaries has been raised in recent years and will go up further in 2020, especially in executive grade...

October 23, 2019 2 min read

Sri Lanka, India growth downgraded by IMF; Bhutan, Nepal up

Growth for Bhutan and Nepal, countries which do not have central banks has been upgraded

October 23, 2019 3 min read

Sri Lanka spending approval sought from vote on account

Sri Lanka's finance minister Mangala Samaraweera is to seek parliamentary approval for government expenditure and borrow...

October 23, 2019 1 min read

Sri Lanka's LTL Holdings could be listed to stop tug-o-war, COPE told

Sri Lanka's LTL Holdings, a 63 percent owned unit of state-run Ceylon Electricity Board could be listed to end a stalema...

October 22, 2019 2 min read

Flood warning for Kelani River near Sri Lankan capital Colombo

Sri Lanka has issued a flood warning to residents of low lying areas on the Kelani River, which runs north of the capita...

October 22, 2019 1 min read

Sri Lanka inflation to spike before falling

Sri Lanka's inflation will spike in the coming months before falling, central bank said as consumer prices in the 12-mo...

October 21, 2019 2 min read

Sri Lanka national inflation hits 5.0-pct in September

Sri Lanka’s nationwide inflation hit a high of 5.0 percent in September 2019, the highest in almost two years, accordi...

October 21, 2019 1 min read