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Sunday April 14th, 2024
Economy

Sri Lanka personal income tax collections surge with lower slabs, higher rates

Sri Lanka hiked personal income tax rates, including payroll taxes in 2023

April 6, 2023 1 min read

Sri Lanka budget support IMF loan for debt repayment or rupee expenses

Anything remaining they can sell to the central bank, take rupees and spend for local expenditure

April 5, 2023 1 min read

Sri Lanka central bank keeps policy rates unchanged as liquidity eases

sri lanka foreign reserves rose to US$2.7bn

April 4, 2023 8 min read

Sri Lanka economy to shrink 3.0-pct in 2023, grow in 2024: ADB

The outlook is clouded by uncertainty concerning progress on debt restructuring

April 4, 2023 2 min read
Global Economic Trends and Domestic Reforms Point to a Sri Lankan Rebound: HSBC

Sri Lanka at crucial turning point, say HSBC economists, CBSL Governor and Ceylon Chamber Chairman

Crisis-hit Sri Lanka’s brain drain hits ICT sector’s workforce; requires 100,000 more – offici...

Sri Lanka aims to have $15 billion foreign revenue through ICT in 2030

EU gives Sri Lanka till 2022 to fix terror law, discusses institutions of liberty

EU-Sri Lanka Joint Commission to review in early 2022.

October 2, 2021 4 min read

Sri Lanka expects 5.0-pct GDP growth in 2021, 6.5 in first quarter 2022

Economy dealing with a series of challenges

October 1, 2021 3 min read

Sri Lanka central bank relaxes some controls, exporters forced to convert more dollars

Central Bank negotiating US$500mn in swaps

October 1, 2021 4 min read

Sri Lanka to consider buying back ISBs falling due in 2022: Governor Cabraal

We will consider buying back the ISBs if steep discounts continue

October 1, 2021 2 min read

Sri Lanka removes LC margins on electronic, 'non-essential' items: Cabraal

The cash margin is removed from today

October 1, 2021 1 min read

Sri Lanka to hike mandatory foreign exchange surrender rule

No change will be made to personal foreign currency accounts,

October 1, 2021 1 min read

Sri Lanka courts get AV equipment from US for Covid-19 era hearings

To help courts to record and transcribe proceedings

October 1, 2021 1 min read

Sri Lanka killing US$1.3bn export industry to save US$30mn

For tea industry in particular, the fertilizer cost is only two percent of the total earnings

October 1, 2021 2 min read

Sri Lanka September 2021 inflation 5.7-pct in Colombo

The food sub-index up 22 percent over 24 months

October 1, 2021 3 min read

Sri Lanka CB rate hike, SRR has not met original objectives: Jayasundera

If the export credit is expensive, they have to bring dollars

September 30, 2021 7 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

If I was Sri Lanka's Finance Minister: Chandra Jayaratne

Jayaratne is advising the administration to avoid astrological beliefs, communicate the problem and take action.

September 30, 2021 17 min read

Sri Lanka opp lawmaker accuses govt of representing interests of "rice mafia"

The MP also claimed that the current leadership’s image as a fearless doer has waned.

September 29, 2021 3 min read

Sri Lanka shortages and blackmarkets not the actual intention of price controls: Minister

'We are not deliberately creating these conditions (thuth-wer athi-karalar) and trying to take these decisions'

September 29, 2021 3 min read

Sri Lanka’s CMC seeks property registration to boost revenue

“There are properties that haven’t been registered for 200 years,” Iqbal said.

Mahadiya Hamza
September 28, 2021 2 min read

Sri Lanka sells 16.8bn in bonds, yields up, post-auction tap open

Post auction tap open till 1600hours on Sept 30

September 28, 2021 4 min read

Sri Lanka to import 100,000 tonnes of 'healthy', non-organic rice, as prices soar

There is a food controller from the health ministry when we import any foods,

September 28, 2021 2 min read

Sri Lanka to give US$50mn to clear 800 containers stuck at port: Consumer Minister

"The Prime Minister asked the Finance Ministry to release foreign currency to clear the containers."

September 28, 2021 1 min read

Sri Lanka cabinet clears Appropriation Bill for 2022 outlining budget allocations

The bill sets out allocations for each ministry and also borrowing limits

September 28, 2021 1 min read

Sri Lanka debt rises to 104-pct of GDP by June 2021

Debt to GDP had risen steadily through 'revenue based fiscal consolidation'

September 28, 2021 3 min read

Sri Lanka CB Governor warned on pitfalls by Wijewardene amid contradictory rupee moves

"The result was the lengthening of the queue for dollars and the expansion of the black market further."

September 28, 2021 5 min read