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Friday June 2nd, 2023

Sri Lanka central bank denies rift between Governor and PM

Vehemently rejects such assertions and reiterates that the cordial relationship between him and the Hon. Prime Minister

June 8, 2022 1 min read

PM calls for unity, reforms, state sector overhaul to bring Sri Lanka out of crisis

Wickremesinghe also warned against being hyper-focused on the past.

June 7, 2022 5 min read

Sri Lanka considers incentives for expatriate workers not using undiyal or hawala

Foreign expatriates have stopped sending money through banking channels as black market gives them more rupees.

June 7, 2022 2 min read

Sri Lanka finds way around CPC monopoly to end aviation fuel crunch: Minister

Allows suppliers to stock fuel at CPC facilties and be paid after selling

June 7, 2022 2 min read
Sri Lanka imports down 21-pct in October

Investments goods imports plunged 42 percent to 188.2 million US dollars in October as private credit contracted

Sri Lanka export revenue falls in October as global recession bites

Sri Lanka has been focusing on boosting exports to come out of economic crisis

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

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
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Latest Last
US Dollar 283.8763 290.6745
UK Pound 352.3039 358.1710
Euro 302.2424 309.9647
Aus Dollar 183.5776 188.4064
Yen 2.0303 188.4064
Source: Central Bank/Indicative
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Indian Rupee 3.5400 3.5935
Korea Won 0.2216 0.2248
Oman Rial 759.5857 770.5802
Saudi Riyal 77.9716 79.1149
UAE Dirham 79.6253 80.7822
Source: Central Bank/Indicative
pts %
S&P SL20 2,470.42 2.02 %
CSE All Share 8,668.40 1.59 %
Turnover Rs million 1,335,527,883 575,340,332
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 14.00 16.50
Gilt Repo 14.00 16.50
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Source: Central Bank/Indicative

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

Sri Lanka to resume work on May 11 amid partial Coronavirus curfew

Sri Lanka's state and government businesses should open from 1000am on May 11, though partial curfews will continue, the...

May 1, 2020 4 min read

Sri Lanka inflation slows to 5.2-pct in April 2020

The government is cracking down on drug dealers who it says are causing the spread of the COVID 19 disease as four more ...

May 1, 2020 1 min read