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Tuesday February 27th, 2024
Economy

Sri Lanka progressive tax hikes defended by the IMF

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March 3, 2023 4 min read

Sri Lanka rupee closes stronger at Rs343/348 to the US dollar

Relaxation of surrender rule on Monday led to appreciation

March 2, 2023 2 min read

Sri Lanka posts US$211mn BOP surplus in Jan 2023: analysis

The 2022 balance payments deficit peaked at 3,035 million dollars in August

March 2, 2023 3 min read

Anti-tax strikes threaten to bring Sri Lanka's ailing economy to standstill

“Stop the brain drain,” was a prominent slogan at one of the anti-tax protests held on Wednesday.

March 1, 2023 3 min read

Sri Lanka slaps price controls on sugar, rice amid money printing

Sugar at Rs122 for bulk Rs125 for packets

September 3, 2021 2 min read

Sri Lanka rupee crosses 230 to dollar, Rs127bn printed overnight to sterilize SRR hike

Overnight short reaches Rs205bn

September 2, 2021 5 min read

Sri Lanka seizes sugar stocks through emergency law amid monetary instability

Sugar was seized from Pyamid Wilmar, Global Trading, Wilson Trading Company and R G Stores

September 1, 2021 2 min read

Sri Lanka to allocate 19 bn rupees for orphan, widow, widower pension fund

300,000 million rupees will be borne by the General Treasury as pension benefits for public service officers.

Mahadiya Hamza
September 1, 2021 1 min read

Sri Lanka seeks forex loans amid attempts to boost reserves

Proposals in US$50mn equivalent tranches

September 1, 2021 1 min read

Sri Lanka sugar importers caught in CPC-style unhedged forex losses

Sugar imported now has to be paid in 180 days

September 1, 2021 2 min read

Sri Lanka 2021 budget deficit 4.7-pct of GDP up to June, debt grows faster

Growth in net debt is higher than the deficit

September 1, 2021 2 min read

Sri Lanka inflation rises to 6.0-pct in August 2021

Food prices up 11.5-pct in the past 12-months

September 1, 2021 1 min read

Sri Lanka central bank gets US$150mn swap from Bangladesh, SDR541mn from IMF

Total of over a billion US dollars in gross inflows to the central bank in August

September 1, 2021 2 min read

Sri Lanka rupee falls to 226 to US dollar at banks, CB indicative spot changed to Rs210

There is no functioning spot market at the moment

August 31, 2021 1 min read
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Latest Last
US Dollar 315.8517 316.0679
UK Pound 401.4574 401.2833
Euro 343.4590 344.0649
Aus Dollar 209.1156 209.2045
Yen 2.1097 2.1124
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 will decide on IMF based on local and global conditions: Minister

No decision yet

August 31, 2021 2 min read

Sri Lanka to freeze hiring, halt new projects, target subsidies

Revenue crunch amid Coronavirus pandemic

August 31, 2021 2 min read

Sri Lanka issues emergency food regulations as prices go up, rupee weakens

Major General appointed to co-ordinate food distribution

August 30, 2021 2 min read

Sri Lanka's LOLC enters Tajikistan taking over micro-lender

Takes over micro-lenders in Africa

August 30, 2021 3 min read

Sri Lanka state salaries outpace tax gain up to April 2021

But the salary and pension bill rose by 27.7 billion rupees to 361.3 billion rupees easily outpacing the increase

August 29, 2021 2 min read

Sri Lanka international trade role in Advocata forum as monetary instability drive import controls

LIVE-streamed on the 30th of August from 1600h onwards

August 28, 2021 1 min read

Extend lockdown to Oct 2 to save 10,000 lives at 2.2 pct GDP: experts convened by WHO Sri Lanka

Sri Lanka did extend the ongoing quarantine curfew on Friday (27) but only until September 6.

Himal Kotelawala
August 27, 2021 5 min read

Sri Lanka CCC+ sovereign rating outlook downgraded to negative by S&P as reserves fall

Liquidity from failed rupee bond auctions have been driving forex reserves down

August 27, 2021 10 min read

Too late for Sri Lanka currency board, tool to control central bankers, politicians: Wijewardena

Because the currency board will introduce discipline to political leaders as well as those in the central bank

August 27, 2021 5 min read

Sri Lanka foreign minister seeks Korean language boost for closer links

Korea is a key market for migrant Sri Lankan workers who want to earn a higher income

August 27, 2021 2 min read