An Echelon Media Company
Monday December 5th, 2022

Sri Lanka’s biz leaders bemoan forex shortages amid money printing

The dollar shortage is obviously having an effect on the businesses

December 6, 2021 3 min read

Sri Lanka monetary instability blamed on lack of industrialization

That money printing causes inflation is no longer 'fashionable'.

December 6, 2021 6 min read

Sri Lanka does not need to go on bended knees to outside agency over debt: Cabraal

Debt being re-structured through mutliple means

December 6, 2021 2 min read

Sri Lanka needs IMF, debt restructuring, CB should not subordinate core objective: Coomaraswamy

The central bank's role as the agency for public debt should not be subordinated to its core objectives

December 6, 2021 1 min read

Sri Lanka to recruit more tax-payer paid doctors

Sri Lanka's tax-payer funded health service is running below the optimal level of doctors required and more will be recr...

September 15, 2019 1 min read

Sri Lanka gets applications for two casino licenses

Two parties have applied to open income tax files for casinos in Sri Lanka but no licenses can be issued to them, after ...

September 15, 2019 2 min read

Sri Lanka caught in 'fatal conceit' of swinging away from markets

Deciding prices by an omniscient bureaucratic committee is a 'fatal conceit' that has taken countries away from markets ...

September 13, 2019 6 min read

Japan grants Rs1.6bn to boost Sri Lanka airport security

Japan has given a 1 billion yen grant (1.6 billion rupees) to buy equipment to boost airport security and police work i...

September 12, 2019 1 min read

Sri Lanka, Pakistan face external risks amid US, China trade war: Moody's

Sri Lanka and Pakistan are among Asian countries that face the highest risks of rising debt costs and depreciation as gl...

September 12, 2019 1 min read

Sri Lanka squandered chance to reform and grow: Razeen Sally

Sri Lanka has thrown away a once in a lifetime opportunity to reform the economy and grow that opened up in 2015, and is...

September 12, 2019 3 min read

Sri Lanka is a flexible inflation targeting country now: CB Governor

Sri Lanka is has 'pretty much' completed a transition to a flexible inflation targeting regime, Central Bank Governor I...

September 12, 2019 2 min read

Sri Lanka state teaching hospital to offer services for fees and free

Sri Lanka's cabinet of ministers had given clearance for a newly acquired former private hospital to offer fee based and...

September 11, 2019 1 min read

Sri Lanka cuts petrol to Rs136 a litre, diesel unchanged

Sri Lanka will cut the price of 92 octane petrol by 2 rupees to 136 rupees a litre but keep the cheaper diesel fuel unch...

September 10, 2019 1 min read

Fitch downgrades US, China, Eurozone growth over Trump protectionism

Fitch Ratings has downgraded growth for the US, China and Eurozone as nationalist US President Donald Trump push up impo...

September 10, 2019 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 371.7757 371.7599
UK Pound 442.7119 438.8584
Euro 387.1945 385.3880
Aus Dollar 253.0234 251.0798
Yen 2.6686 2.6603
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4818 4.4863
Korea Won 0.2748 0.2747
Oman Rial 944.1068 944.1068
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.9627 98.9627
Source: Central Bank/Indicative
pts %
S&P SL20 2,464.20 -3.19%
CSE All Share 8,087.04 -2.47%
Turnover Rs million 1,626,658,918 1,576,314,848
Source: CSE
Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka rupee to Indonesia's Rupiah, the consequences of state failure

In 2019 Sri Lanka is suffering an output shock and credit contraction after a steep currency collapse from operating a '...

September 9, 2019 23 min read

2,400 admin workers on sick leave tomorrow

Some 2,400 administrative workers affiliated with the SLAS will go on sick leave tomorrow, demanding a permanent solutio...

Imesh Ranasinghe
September 9, 2019 2 min read

Sri Lanka private credit negative in July, government borrowings up

Sri Lanka's bank credit to private sector was a negative 3.3 billion rupees in July 2019, sharply down from a 63 billion...

September 8, 2019 3 min read

Sri Lanka seeks managers for Yen60bn Samurai bond

Sri Lanka has called proposals from investment banks to manage a 60 billion yen 10-year Samurai bond.

September 7, 2019 1 min read

Tariffs push some US firms to exit China for Sri Lanka, Bangladesh

As fresh US tariffs on Chinese imports kick in, Illinois-based phone accessories manufacturer Ben Buttolph has been urge...

September 5, 2019 4 min read

Sri Lanka mulls ‘digital free trade zone’ to help exporters, like China, Malaysia

Sri Lanka plans to set up a ‘digital free trade zone’ to help exporters, especially small businesses, cut red tape a...

September 5, 2019 2 min read

Sri Lanka to call investors for convention hotel, hospital on China reclaimed land

Sri Lanka is to call proposals for investors to build a hotel, convention centre, hospital and international school in ...

September 4, 2019 1 min read

State funds to buy Sri Lanka Telecom stocks for minimum public float

Sri Lanka's cabinet has cleared the way for state-run funds and banks to buy Sri Lanka Telecom stock to meet a public fl...

September 4, 2019 1 min read

Sri Lanka to set up new SOE to manage Lotus tower

Sri Lanka will set up a new state enterprise to operate a tower build for the telecom regulator, the state information o...

September 4, 2019 1 min read

Development Officers on strike today

Development officers attached to the Ministry of Internal Affairs will be carrying out a token strike today, Union Secre...

Nisali De Silva
September 4, 2019 1 min read