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Thursday June 1st, 2023

Sri Lanka must rebuild agriculture sector immediately to prevent food shortages: PM

"We have to work hard from this point onwards to ensure the next harvest is a success."

June 7, 2022 2 min read

Sri Lanka economy may contract 6.9-pct in 2022 PM says after soft-peg collapse

CB estimates economy may contract 4-5-pct

June 7, 2022 1 min read

Tough three weeks ahead for Sri Lanka with crippling fuel, gas shortages incoming: PM

“At the end of these three difficult weeks, we shall try to supply fuel and gas without disruptions."

June 7, 2022 2 min read

Sri Lanka to present interim budget cutting capex: PM

Needs US$5 billion to live and 1 billion to support rupee

June 7, 2022 2 min read
Sri Lanka poverty has doubled to 25-pct in latest crisis: World Bank VP

Poverty has doubled this year from 13 percent 2021 we estimate it is about 25 percent

Sri Lanka's state-owned Litro raises gas prices by over 5.5-pct

Sri Lanka's cooking gas distribution is gradually recovering after shortage in mid 2022.

Sri Lanka cabinet clears Rs25bn Coronavirus income supplements

Sri Lanka's cabinet of ministers had approved a proposal to allocate 25.72 billion rupees to pay income supplements to p...

May 15, 2020 1 min read

Sri Lanka starts shipping 200mn face mask made by Brandix to the United States

Sri Lanka's Brandix, a top apparel group said it had started shipping 200 million face masks to made at its factories to...

May 14, 2020 3 min read

Electricity Consumers to be given a grace period to pay their bills

Electricity consumers concerned at having to pay huge amounts because charges for the past two or three months have accu...

Imesh Ranasinghe
May 14, 2020 3 min read

Govt confirms Private Sector will not let go any employees due to COVID 19

The Private sector Employers’ Union has agreed not to terminate any employee due to the financial crisis created in th...

May 14, 2020 1 min read

Sri Lanka GDP could contract 1-3-pct over Coronavirus in 2020: analysts

Sri Lanka's gross domestic product likely to contract 1-3 percent in 2020 over a Coronavirus shock and macro issues, wit...

Chanka Jayasinghe
May 12, 2020 6 min read

Sri Lanka's CAA ends black markets it started in dhall and tinned fish

Sri Lanka's Consumer Price Authority has ended the black markets and shortages it created by imposing price controls fro...

May 10, 2020 4 min read

Opposition challenges PBJ's request for goverment workers to donate salary

The Samagi Jana Balavegaya is challenging the government’s statement that the country can save Rs 100 billion if the s...

May 9, 2020 2 min read

Sri Lanka private credit slow in February 2020

Sri Lanka's private credit picked up to 25 billion rupees in January 2020, from just 0.3 billion rupees in December, whi...

May 9, 2020 1 min read

Sri Lanka state salary contribution call from Jayasundera as tax revenues hit: Minister

A call for Sri Lanka's state workers to make some contribution to help the budget deficit came from the President's Secr...

May 8, 2020 2 min read

Sri Lanka state SOE to get Coronvirus bailouts for salaries

May 8, 2020 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 290.6745 289.8986
UK Pound 358.1710 357.3274
Euro 309.9647 310.0947
Aus Dollar 188.4064 310.0947
Yen 2.0658 2.0576
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5935 3.6214
Korea Won 0.2248 0.2261
Oman Rial 770.5802 776.9541
Saudi Riyal 79.1149 79.7546
UAE Dirham 80.7822 81.4508
Source: Central Bank/Indicative
pts %
S&P SL20 2,432.34 0.14%
CSE All Share 8,532.60 -0.50%
Turnover Rs million 575,340,332 518,927,793
Source: CSE
Latest Last
3-m bill 24.64 24.60
6-m bill 24.24 24.36
12-m bill 22.37 22.36
5-yr bond 24.98 24.79
8-yr bond 23.82 23.16
Source: Central Bank/Indicative
today yesterday
Overnight Money 16.49 16.49
Gilt Repo 16.50 16.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka forex reserves drop US$353mn to US$7.2bn in April

Sri Lanka's foreign reserves have dropped 353 million US dollars to 7,179 million US dollars, official data show, after ...

May 8, 2020 2 min read

More than a million can lose jobs as COVID 19 ravages the economy - experts

More than a million Sri Lankans are likely to become unemployed or underemployed as the COVID 19 crisis ravages the econ...

Arjuna Ranawana
May 7, 2020 5 min read

Sri Lanka state enterprises to get Coronvirus bailouts

Sri Lanka's cabinet of ministers had approved bailouts to several state enterprises which are in financial trouble in a ...

May 7, 2020 1 min read

Sri Lanka task force to devise post-Covid-19 'new economic model'

A presidential task force has been asked to a come up with a 'new economic model' in the post-Coronavirus era, with econ...

May 7, 2020 3 min read

Sri Lanka cuts policy rates by 50bp to 6.50-pct

Sri Lanka's central bank said it had cut the policy rate at which it injects printed money to markets by 50 basis points...

May 6, 2020 3 min read

Sri Lanka, IMF continuing talks for emergency support over Covid-19 crisis

May 5, 2020 3 min read

Sri Lanka's Negombo hospital ICU upgrade started by Dialog Axiata

Dialog Axiata, Sri Lanka's largest mobile operator said it had begun expanding the intensive care unit of Negombo hospit...

May 4, 2020 2 min read

Sri Lanka extends Central bank re-financed Covid-19 credit relief deadline to May 15

Sri Lanka has extended a deadline for Coronavirus credit relief for Coronavirus affected businesses from a central bank ...

May 3, 2020 2 min read

Sri Lanka prints more money, after slapping forex controls amid IMF warning

Sri Lanka has printed more money in the week ending April 30 after under-selling Treasury bills at the weekly auction, o...

May 2, 2020 3 min read

Economist Magazine ranks Sri Lanka among countries in economic distress

Sri Lanka’s economy is among the worst affected by the current COVID 19 crisis, according to a ranking published by th...

May 2, 2020 3 min read