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Thursday April 18th, 2024
Economy

Sri Lanka publishes 'Aswesuma' welfare beneficiaries

More than 2 million beneficiaries slated to get payments

April 23, 2023 3 min read

Sri Lanka manufacturing up, retail trade down in March 2023 : PMI

Employment continued to decline

April 22, 2023 2 min read

Sri Lanka meets most IMF commitments, transparency platform not done

An IMF program typically has prior actions before it is approved which has to be met.

April 21, 2023 2 min read

Sri Lanka trade taxes below target in 2023 Q1 due to import controls: Minister

Plans to lift import more import controls

April 19, 2023 2 min read
Japan-Sri Lanka investment zone to be set up: Minister

To be located in Bingiriya and Iranavila

Sri Lanka and advisors should decide on negotiating GDP-linked bonds: IMF

Bond holders have proposed bonds which will have hair cuts and lower coupons if GDP growth is lower

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
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 imports top three year high by Aug 2021 amid money printing

The surge in imports came despite import controls

October 19, 2021 3 min read

Sri Lanka CB appoints new monetary policy consultative committee

Representatives from several sectors

October 19, 2021 2 min read

Sri Lanka cryptocurrency users should take own risk: CB officials

El Salvador has made Bitcoin legal tender amid controversy

October 18, 2021 3 min read
2

Sri Lanka prints Rs19bn despite lifting Treasuries price controls

Both reported outright bill stock and window borrowings up

October 18, 2021 3 min read

Sri Lanka sells more bonds by post-auction window, 15-pct unsold

To maintain external stability bond auctions has to succeed

October 18, 2021 2 min read

Sri Lanka CB expects falling remittance to reverse trend from October

Parallel exchange rates still operate

October 16, 2021 3 min read

Sri Lanka will deal with policy measures if GSP+ reversed: CB chief

Therefore we have assured all the stakeholders that we would be able to deal with that situation

October 15, 2021 2 min read

Sri Lanka CB sees inflation rising in the near term, but rules out double digits

We expect some near term inflationary pressure due to global price movement and surge in global commodity prices

October 15, 2021 3 min read

Sri Lanka CB sees private sector credit growth at 14-pct by end 2021

We have seen a substantial increase in the private sector credit

October 15, 2021 2 min read

Sri Lanka CB to propose dollarized car imports amid money printing

We now see a bubble in vehicle prices

October 15, 2021 3 min read