An Echelon Media Company
Thursday April 18th, 2024
Economy

Sri Lanka expects to make debt restructuring framework by May

Re-structuring debt is the biggest challenge now facing Sri Lanka

April 25, 2023 2 min read

China attempts to prove its close cooperation with debt defaulted Sri Lanka

"We are always "providing free charcoal in the snow" instead of "collecting rented-umbrellas in the rain", - CMG chief

April 24, 2023 2 min read

Sri Lanka's Co-operative Insurance downgraded by Fitch

The Insurance Regulatory Commission of Sri Lanka had suspended its license to carry out business.

April 24, 2023 3 min read

Sri Lanka electronic procurement platform online at promise.lk

A series of ministries and agencies are already on the system

April 24, 2023 1 min read
Sri Lanka tax revenues up 43-pct in July, deficit up on interest costs

Interest costs grew 89 percent to 1,443 billion rupees

Sri Lanka positioned for development shift to the Indian Ocean: President

Sri Lanka to benefit from a shift of development from South East Asia and the Asia Pacific, into the Indian Ocean

Sri Lanka inflation soars to 4-year high in October 2021, food up 24-pct over 2-years

Food prices have risen 24.1 percent over two years amid local and global money printing

October 30, 2021 3 min read

China doubles down on bacteria tainted fertilizer row, blacklisting Sri Lanka state bank

"Third party test refused. L/C payment obligation refused. PBSL (People’s Bank of Sri Lanka) blacklisted."

October 29, 2021 3 min read

Sri Lanka central bank tightens exporter surrender rules

Only specified deductions allowed

October 29, 2021 4 min read

Sri Lanka exports 0.4-pct down in September 2021, tea slip 8.6-pct

Apparel, rubber up, tea, seafood down

October 29, 2021 3 min read

Sri Lanka says Moody's latest downgrade to Caa2 untimely

Says assessment failed to take into account the latest developments

October 28, 2021 7 min read

Moody's downgrades Sri Lanka sovereign rating to Caa2

Very low foreign exchange reserves, raises default risks

October 28, 2021 10 min read

Sri Lanka needs radical public service consolidation, training blitz: Samarajiva

Everybody took a hit except the government or the public sector employees

October 28, 2021 4 min read

Sri Lanka to import some agro-chemicals amid protests, crop devastation concerns

In relation to weedicide and pesticide, the secretary to the agriculture ministry would take decisions

October 27, 2021 3 min read

Sri Lanka central bank says debt deals, land, power plant sale in progress

Sale of power plant to New Fortress Energy expected in November/December

October 26, 2021 5 min read

Lanka Credit and Business Finance IPO oversubcribed

The IPO has attracted over 500 million rupees of applications in a few hours

October 26, 2021 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

Sri Lanka’s 2022 budget unlikely to be relief package: economist

"But obviously the budget cannot provide relief without somebody out there to finance it.”

October 26, 2021 6 min read

Sri Lanka can come out of economic crisis if 'right policies' are in place: opposition legislator

We need to create that confidence in investors coming in and saying look, Sri Lanka is good, trust us, invest in us

October 26, 2021 5 min read

Sri Lanka expects US$1 billion FDI in this year despite pandemic: BoI Chief

The BOI has approved 1.4 billion US dollar worth projects so far this year

October 25, 2021 2 min read

Sri Lanka policy consistency in 2022 budget vital for FDI: BOI chief

Stability is something that everyone, including the existing investors, and the new investors will look at

October 24, 2021 4 min read

Sri Lanka's Peoples Insurance A+(lka) confirmed amid import controls, pandemic

Fitch Ratings has confirmed an 'A+(lka)' National Insurer Financial Strength rating of People's Insurance Plc

October 23, 2021 4 min read

Sri Lanka blocks payment to China Qingdao Seawin Biotech over fertilizer with bugs

The order has prevented the People's Bank from making any payment under a Letter of Credit

October 23, 2021 1 min read

Sri Lanka’s pandemic-hit unemployment show need for social security: IPS

Surge in youth unemployment

October 23, 2021 4 min read

Sri Lanka preparing agreements for US$3.6bn for Oman credit line amid money printing

The central bank Governor has promised to supply dollars for this month's fuel imports

Chanka Jayasinghe
October 23, 2021 3 min read

Sri Lanka's rising prices will hurt the poor, but price controls do not work: economist

The price control is a feel good policy

October 23, 2021 3 min read
1

Sri Lanka national inflation 5.5-pct in Sept 2021, food up 25-pct over two years

12-month inflation unchanged at 5.5 percent

October 22, 2021 1 min read