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Sunday March 26th, 2023

Sri Lanka inks investment deals worth US$765mn in 1Q: BOI

Received applications for projects with 1,412 million US dollars

April 6, 2022 1 min read

Sri Lanka's worst economic crisis in known history just beginning: Parliament Speaker

As I understand it many economists are warning that it can become much worse

April 6, 2022 2 min read

Sri Lanka awaits new Finance Minister, Treasury Secretary

Short serving minister resigns to make way for an outsider if necessary

April 6, 2022 2 min read

Sri Lanka Treasury Secretary resigns

Newly appointed Finance Minister also resigned after a day

April 5, 2022 1 min read

Sri Lanka withholding tax removal may increase taxes of some payers

Some tax payers may end up paying a higher 18 percent tax on interest income after withholding tax deduction of 5 percen...

Mahadiya Hamza
February 11, 2020 2 min read

Negative rating stances on Sri Lanka worrying, but will improve with next budgetary cycle: CB Govern...

Cuts by rating agencies in the outlook of Sri Lanka's sovereign rating to negative in 2019 was worrying but ratings wil...

February 11, 2020 2 min read

Sri Lanka may start talks on a new IMF deal 'later on': CB Governor

Sri Lanka may start talks with the International Monetary Fund for a new program, Central Bank Governor W D Lakshman sai...

February 11, 2020 2 min read

Sri Lanka imports to fall in 2020, external account to improve: CB Governor

Sri Lanka will see a slow improvement in external accounts, trade deficit will continue to fall in 2020, and there will ...

February 10, 2020 1 min read

Govt will crack down on businesses not passing tax cut benefits to consumers

Legal action will be taken against businesses which do not pass on the benefits of tax cuts to VAT and other tax relief ...

February 10, 2020 1 min read

Sri Lanka asks debt moratorium from India: report

Sri Lanka's Prime Minister Mahinda Rajapaksa has asked for three year debt moratorium from India, a media report said.

February 10, 2020 2 min read

Sri Lanka GDP to grow 3.7-pct in 2020, with limited hit from Coronavirus: IMF

Sri Lanka's gross domestic product growth is expected to increase to 3.7 percent in 2020, with a limited fallout from th...

February 10, 2020 3 min read

Sri Lanka will grow old before getting rich

Sri Lanka will become old before getting rich as the country's population declines from 2030, dragging down growth, an A...

February 9, 2020 3 min read

Sri Lanka cabinet clears laws to remove debt repayment levy

Sri Lanka's cabinet of ministers had cleared changes to the Finance Act that are required to remove the Debt Repayment L...

February 9, 2020 1 min read

Sri Lanka January 2020 forex reserves drop to US$7.56bn

Sri Lanka's January 2020 official reserves fell 116 million dollars to 7,626 million dollars from 7,642 million dollars...

February 8, 2020 1 min read
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Latest Last
US Dollar 328.6083 334.9328
UK Pound 404.2407 411.1914
Euro 358.1529 359.7836
Aus Dollar 221.9914 225.8025
Yen 2.5191 2.5583
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.8504 4.0593
Korea Won 0.2471 0.2566
Oman Rial 824.2395 870.3981
Saudi Riyal 84.4779 89.2088
UAE Dirham 86.3927 91.2333
Source: Central Bank/Indicative
pts %
S&P SL20 2,722.94 -1.64%
CSE All Share 9,395.98 -1.38%
Turnover Rs million 3,437,599,160 1,512,188,680
Source: CSE
Latest Last
3-m bill 26.95 28.13
6-m bill 26.26 27.13
12-m bill 25.26 26.11
5-yr bond 26.01 25.82
8-yr bond 24.73 24.73
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 2020 budget deficit could rise to 7.9-pct of GDP amid tax cuts: IMF

Sri Lanka's 2020 budget deficit could rise to 7.9 percent of gross domestic product from an earlier forecast 5.3 percent...

February 8, 2020 4 min read

Sri Lanka misses 2019 budget deficit, forex reserve targets in IMF program

Sri Lanka has missed the budget deficit and foreign reserves targets in a deal with the International Monetary Fund wher...

February 8, 2020 3 min read

Sri Lanka fiscal cash crunch hits medical suppliers

Sri Lanka's state hospitals has no medicine shortage but rising payment arrears is making it difficult for some pharmace...

February 8, 2020 2 min read

UNIDO to help Sri Lanka formulate industrial policy

The United Nations Industrial Development Organization will help Sri Lanka to create an industrial policy to move into ...

February 7, 2020 4 min read

Sri Lanka seeks to raise more debt, hike spending in vote on account supplement

Sri Lanka is seeking parliamentary approval to spend 156 billion rupees more and raise up to 357 billion rupees in gross...

February 6, 2020 3 min read

The public must be told what relief they can expect from tax cuts - Vasu

The public needs to be informed about the drop in prices of essentials after the tax cuts imposed by the government Stat...

February 6, 2020 1 min read

Issuance of medical reports for some drivers' licenses to be decentralised

Government has decided to centralise the issuance of medical reports needed for the drivers’ licence of light vehicles...

February 6, 2020 1 min read

Public finance committee calls for CBSL observations on Sri Lanka bondscam audits

The Parliament's Committee on Public Finance has called for the observations of the Central Bank of Sri Lanka, on sever...

February 6, 2020 1 min read

Sri Lanka VAT cut, tobacco taxes paused by Parliament's finance committee

The Committee on Public Finance of Sri Lanka's Parliament has deferred the approval of finance bills aimed at slashing v...

February 5, 2020 2 min read

Sri Lanka President promises de-regulation drive for economic freedom

Sri Lanka's President Rajapaksa said he planned a de-regulation drive to remove permits and regulations which collective...

February 4, 2020 2 min read