An Echelon Media Company
Sunday December 3rd, 2023
Economy

Sri Lanka central bank discontinues incentive for foreign remittances

Incentive was granted in December 2021 to discourage using illegal hawala/undiyal money transactions

January 5, 2023 2 min read

Sri Lanka says, secured 550 USA jobs

Jobs for 250 registered nurses, 100 laboratory technicians and 200 nursing assistants.

January 5, 2023 1 min read

Sri Lanka PM calls for cooperation, bipartisan support in recovery process

The prime minister also claimed that the government has encouraged critical views.

January 5, 2023 2 min read

Sri Lanka cuts exorbitant fees charged from private expressway buses

"If the capacity of the bus is 100, the formula will be calculated assuming only 50 percent is travelling."

January 5, 2023 2 min read

Sri Lanka minister warns of financial terror, mystery deepens over fuel stabilization fund

“Instead of lying (un-der-ner-war) to the people I like to tell them the truth.”

June 17, 2021 5 min read

Sri Lanka discloses 14.1-pct budget deficit in 2020 AG audited accounts

The Finance Ministry had claimed an 11.1 percent of GDP deficit for 2020 elsewhere

June 17, 2021 2 min read

Sri Lanka forex swap rates plunge as outright rupee/dollar market dries up

One year swaps at a discount of 17.00/15.00

June 16, 2021 3 min read

Sri Lanka keen on rupee at 200 to US dollar, using influence on market: CB

Several measures being taken to bolster the rupee

June 16, 2021 3 min read

Sri Lanka excise department contemplating a limited license for online liquor orders

The department has received requests from the industry, supermarket chains and consumers to permit online liquor orders

June 16, 2021 1 min read

Sri Lanka repays 41-pct of US$6.3bn in forex debt due in 2021

Up to June 2021, 1.3 billion US dollars were paid and 2.4 billion US dollars remained

June 16, 2021 2 min read

Sri Lanka to discuss preferential trade deal with Bangladesh

Bilateral trade minimal despite various agreements

June 15, 2021 1 min read

Sri Lanka has cancelled 216 LCs for 14,000 vehicles after March 2020 import ban: trade group

Ban has led to skyrocketing second had car prices

June 15, 2021 2 min read

Sri Lanka CCC sovereign rating confirmed by Fitch, growth lowered

Growth for 2021 lowered to 3.8-pct from 4.9-pct

June 15, 2021 9 min read

Sri Lanka fuel price stabilization account Rs26bn in the red

An import tax surcharge was put on fuel when petroleum prices fell to around US$25 a barrel

June 14, 2021 3 min read
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Latest Last
US Dollar 330.2942 315.1016
UK Pound 429.0139 401.1871
Euro 372.1704 343.1959
Aus Dollar 227.2526 211.5951
Yen 2.3820 2.1908
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

Gulam Chatoor founder of Sri Lanka Spice Traders Association steps down

His career spanned over 70-years

June 14, 2021 2 min read

Sri Lanka CB advised Treasury to hike fuel prices, banking sector on brink of collapse: Minister

Statists and Keynesians generally label such moves as 'austerity'.

June 14, 2021 2 min read

Sri Lanka targets year end forex reserves of US$4.0-4.5bn: Central Bank

A US$400mn swap from Reserve Bank of India and IMF SDR allocation expected in August

June 14, 2021 3 min read

Sri Lanka raised fuel prices to strengthen economy, rupee: President's office

CPC owes banks Rs652bn, CEB Rs85bn

June 13, 2021 3 min read

Losing GSP+ will spell disaster for Sri Lanka's economy: former PM Wickremesinghe

"In the face of the danger that has arisen, the GSP+ must not be politicised."

June 13, 2021 3 min read
1

Sri Lanka CB did not approve luxury SUV imports for MPs: Governor

It is a difficult question to justify

June 13, 2021 3 min read

Sri Lanka 2021 May foreign reserves drop to US$4,018mn

Sri Lanka's forex reserves have been on a steady downward path from around August 2019

June 12, 2021 2 min read

Sri Lanka diplomats should help keep GSP+ going: Central Bank Governor

CB is also working on measures

Imesh Ranasinghe
June 11, 2021 3 min read

Sri Lanka 2021 GDP growth target lowered to below 5.0-pct: CB

Inflation to be with target

June 11, 2021 1 min read

Sri Lanka expects US$400mn swap from Reserve Bank of India in August: CB Governor

Bangladesh swap proceeding rapidly

June 11, 2021 1 min read