An Echelon Media Company
Saturday June 15th, 2024
Economy

Opposing Sri Lanka Telecom share sale on national security grounds baseless: expert

“National security is not a slogan. National security takes specific forms."

June 9, 2023 4 min read

Sri Lanka Telecom share sale opposed on 'national security' grounds

This is despite nearly all mobile operators in Sri Lanka being private for decades.

June 9, 2023 2 min read

SLT shares down after privatization statement

SLT shares down by 7.8 percent after the privatization statement.

June 9, 2023 1 min read

Sri Lanka’s Colombo Port capacity will rise to 15mn boxes in 3 years: Minister

We plan to increase the capacity in the two to three years,” De Silva said.

June 9, 2023 1 min read
Tea
Sri Lanka budget deficit illegal, fiscal rules should be relaxed: Harsha

Fiscal Management Responsibility Act states we have to maintain the budget deficit at 5 percent.

Tea
Argentina's pro-dollarization Milei wins amid Sri Lanka style objections

In Argentina, several hundred billion US dollars are in any case believed to be held by citizens

Sri Lanka foreign reserves reach US$3.1bn by Dec 29: CB Governor

Says expected remain at that level

December 29, 2021 3 min read

Sri Lanka central bank T-bill stock reaches Rs1.9trn amid sterilized interventions

Overnight injections reach Rs 450 billion

December 29, 2021 3 min read

Bangladesh Bank renews Sri Lanka forex loan by three months

“Our assessment is that the Sri Lanka would use the fund for at least nine months,” a BB official said.

December 28, 2021 2 min read

Sri Lanka bank dollar surrender rule hiked to 25-pct

The rule will be effective from December 27

December 27, 2021 1 min read

Sri Lanka cabinet divided on IMF, more discussions at next meeting Minister

There is no hardline against going to the IMF. Some are saying to go, others are saying not to go

December 27, 2021 2 min read

Sri Lanka economic tsunami disproportionately hitting poor: Eran

Controls will lead to more negative fallouts like under-invoicing

December 26, 2021 3 min read

Sri Lanka exporters try to keep dollars out amid rising depreciation risk

Exporters try to get more dollars, avoid monetary expropriation

Shihar Aneez
December 25, 2021 8 min read

Sri Lanka Christmas cake hit by high inflation

Prices accelerate faster in recent years

December 25, 2021 3 min read

Sri Lanka terms of trade improve amid currency troubles

Export prices surge

December 25, 2021 2 min read

Sri Lanka extends parallel exchange rate for expat workers

Extension after an improvement seen in December

December 24, 2021 2 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

Sri Lanka BOP deficit rises US$3.2bn in October 2021 in new record

Money printing was then ratcheted up in February 2020 under so-called 'Modern Monetary Theory

December 24, 2021 2 min read

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."

Shihar Aneez
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

Sri Lanka national inflation hits 11.1-pct in November 2021 after money printing

Food prices up 35-pct since inflationary policy began in August 2019

December 22, 2021 2 min read

Sri Lanka imports up 24.5-pct in October 2021 amid money printing, credit

Capital goods imports soar amid low interest rates, credit

December 22, 2021 3 min read

Sri Lanka inks US$251mn tea for oil debt deal with Iran

The scheme not to violate US sanctions

December 21, 2021 3 min read

Sri Lanka cabinet debates IMF bailout for second week

"Different views" (vividher adahas) were expressed by ministers

December 21, 2021 2 min read

Sri Lanka blames pandemic for economic woes, reserve depletion

None of the governments of this country has defaulted on loan repayments and even now under a grave situation

December 21, 2021 3 min read