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Saturday June 3rd, 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 to fast track FTAs with Thailand, China and India

Export-oriented, competitive market economy for Sri Lanka as the country has the opportunity to supply to South Asia

Sri Lanka could face 6-8-hour power cuts in 2023 if tariffs aren't revised: minister

"Most CEB unions and senior management agree that a revision is needed," he said.

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
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
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
Latest Last
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
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka merchandise exports drop 42-pct in March amid Covid-19

Sri Lanka's Merchandise exports have dropped 42 percent to 645 million US dollars in March 2020, with apparels falling 4...

April 30, 2020 2 min read

Sri Lanka faces currency pressure, low reserves, deficits, debt as Coronavirus hits: Moody's

Sri Lanka's government finances which had started to deteriorate before a Coronavirus pandemic, had been compounded with...

April 29, 2020 2 min read

SriLankan Airlines dollar bonds downgraded to 'B-' after sovereign rating cut

Government guaranteed bond of state-run SriLankan Airlines (SLA) have been downgraded to 'B-' after Sri Lanka's rating w...

April 29, 2020 3 min read

Central Bank of Sri Lanka gives 2019 annual report to Mahinda

Sri Lanka's central bank said it has handed over a copy of the 2019 annual report to Prime Minister Mahinda Rajapaksa wh...

April 28, 2020 1 min read

Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank

Sri Lanka would grow 1.5 percent in 2020, down from 2.3 percent a year earlier amid a Coronavirus crisis and imports wou...

April 28, 2020 2 min read

Sri Lanka rubber exports retains bounce on Coronavirus crisis

Sri Lanka's rubber sector has got a bounce from Coronavirus with glove capacity sold out, strong demand for from agricul...

Mahadiya Hamza
April 26, 2020 4 min read

Sri Lanka disputes Fitch downgrading rating to 'B-'

Sri Lanka says the downgrading of the island's sovereign rating from 'B' to 'B-' is ill-timed, illogical and a rush judg...

April 25, 2020 4 min read

Sri Lanka prints more money as rating downgraded to just above CCC

A key domestic asset stock of Sri Lanka' central bank went up by over 8 billion rupees to 291 billion rupees on April 24...

April 25, 2020 4 min read

Sri Lanka sovereign rating downgraded to 'B-' by Fitch, outlook negative

Fitch Ratings had downgraded Sri Lanka to 'B-' with a negative outlook, as the country cut value added tax in January a...

April 24, 2020 7 min read

Sri Lanka transport controls hit fertilizer supplies, military to step in

Sri Lanka's tight controls, transport , permits and price controls which have already hit food supplies and have also hu...

April 24, 2020 2 min read