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Thursday April 18th, 2024
Economy

Sri Lanka's Consumer Affairs Authority contributory party to economic crisis: Minister

Aggrieved parties may be able to go the Supreme Court to seek redress

April 19, 2023 3 min read

Sri Lanka to spend Rs206bn on revised welfare benefit program

To be based on poverty gap

April 18, 2023 1 min read

Sri Lanka consumer confidence spikes in March following IMF deal: survey

There was broad improvement in consumer sentiment in March, during which the IMF approved new funding for Sri Lanka.

April 17, 2023 2 min read

Sri Lanka shares slip on banking sector amid fears of local debt restructuring

The main All Share Price Index (ASPI) was down 0.10 percent or 9.38 points to 9,405.90. 

April 17, 2023 2 min read
Sri Lanka bondholders propose up to 9.5-pct dollar GDP linked 'downside' bonds

Dollar GDP linked bonds to overcome disputes over economic growth and exchange rate

Sri Lanka gets restructuring proposal from bond holders

Bondholders believe IMF growth forecasts are too pessimistic

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
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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 says IMF growth projection for 2021 too low

When it comes to the local forecast, I think our research department has a greater understanding

October 14, 2021 5 min read

Sri Lanka keeps overnight policy rates unchanged, market rates move up

Market rates move up after last hike

October 14, 2021 8 min read

Sri Lanka rupee non-credible peg at 203 to dollar drives dollar rationing, rates rise

Banks trying to supply dollars to non-foods

October 13, 2021 5 min read

Sri Lanka 2021 GDP growth downgraded to 3.6-pct by IMF, global growth lowered

Vaccine divide creates large disparities

October 12, 2021 3 min read

Sri Lanka bond auction yields rise around 100bp across maturities

80 billion rupees out of 100 billion rupee auction sold

October 12, 2021 2 min read

Sri Lanka budget on November 12, vote on December 10

The appropriation bill details a total of 2,505 billion rupees in spending

October 12, 2021 1 min read

Sri Lanka private, state credit surge in August, CB credit up 187-pct

Central bank credit to government grew 187 percent in the 12-months to August

October 12, 2021 1 min read

Sri Lanka CPC seeks fuel price hike amid Powell Bubble, currency fall

We will inform the cabinet that we cannot bear this loss anymore

October 12, 2021 3 min read

Sri Lanka says only quotes no volumes for sovereign bond buy-back

Not even 5 per cent of the outstanding January 2022 ISB maturity was available for sale

October 11, 2021 2 min read

Sri Lanka central bank on insolvency track, quasi-fiscal losses loom

In September gross reserves had fallen further

October 11, 2021 8 min read