An Echelon Media Company
Tuesday May 21st, 2024
Economy

Sri Lanka imports 4.5mn eggs after price controls shut local layer farms

Minister Siyambalapitiya said 277,360 kilograms of eggs have been imported from February 13.

May 10, 2023 1 min read

Sri Lanka rates to follow faster fall in inflation: CB Governor

After the complete debt restructuring process, market interest rates expected to come down faster

May 10, 2023 2 min read

Sri Lanka official creditor committee promises relief after formal request

It reiterates its invitation to other bilateral official creditors to formally join

May 10, 2023 4 min read

Sri Lanka bank deposits protected in any domestic debt optimization: CB Governor

A key objective of the central bank is maintaining financial sector stability

May 10, 2023 2 min read
Sri Lanka must stay the course on reforms: top World Bank official

Bjerde’s trip included visits to World Bank-supported projects in the Northern and North Central Provinces.

Sri Lanka's cross-subsidising power tariff revision questioned

According to the organisation, the “differential” tariffs are inequitable and make little economic sense.

Sri Lanka rupee dollar swap discounts widen, some interbank outright trades

The cryptocurrency Tether, a stable coin or pegged exchange rate is quoted around 236 rupees

November 11, 2021 2 min read

Sri Lanka to present “non-traditional” budget to avoid sovereign default, strengthen finances

“We may have to take from the people”

Shihar Aneez
November 11, 2021 6 min read

Sri Lanka to give sweetners to expat workers as dollars lost to informal channels

Incentive package to be announced

November 10, 2021 2 min read

Sri Lanka lifts 'maize mafia' tax for nutritional supplement

Allows imports for Triposha nutritional supplement

November 10, 2021 2 min read

Sri Lanka bank credit to state repaid after money printing surge in Sept

Failed bond auctions effectively monetize past deficits

November 10, 2021 2 min read

Teachers, health workers in Sri Lanka promise TU action on Nov 9 over salary issues

“If there is no solution provided tomorrow, we shall go for a massive campaign on the day of the budget."

November 8, 2021 2 min read

Sri Lanka Central bank defends controversial export dollar surrender rules

Services included but remmittances

November 8, 2021 5 min read

Sri Lanka export agency, Bangladesh envoy in dicussion to boost trade

Sri Lankan exporters pay high custom duties and have issues obtaining cargo space.

November 8, 2021 2 min read

Sri Lanka prints SRR hike, Rs296bn in new money dumped into banks in Sept

From Dec 2019 to Sept 2021 the central bank has printed Rs1.467 trillion triggering around US$5bn in reserve losses

November 8, 2021 2 min read

Sri Lanka central bank foreign assets negative by US$780mn in Sept

A central bank whose net foreign assets go negative loses its ability to provide convertibility

November 8, 2021 2 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

Sri Lanka forex reserves fall to US$2,267mn in Oct 2021

Surrender requirement tightened despite steady fall in reserves

November 7, 2021 2 min read

Sri Lanka, not IMF, should restructure debt: Jayasundera

We should restructure the loans by ourselves

November 7, 2021 4 min read

Sri Lanka needs USD 2.0 bn to cut down road deaths by half: World Bank

Over two thirds of road crash victims in Sri Lanka are between the working ages of 15-64 years, the report said.

Mahadiya Hamza
November 5, 2021 2 min read

Sri Lanka lifts price controls on chicken meat

Chicken farmers have been facing higher feed costs

November 5, 2021 1 min read

Sri Lanka shortage agency lifts price controls on sugar, dhall

Price control gazettes on sugar, dhall, b-onions, sprats, tinned fish rescinded

November 5, 2021 2 min read

Sri Lanka inks US$500mn World Bank loan for roads

Sri Lanka has inked a 500-million-dollar loan from the World Bank to improve 3,000 kilometers

November 4, 2021 2 min read

Sri Lanka president turned Japanese loan into Indian investment in ECT deal: Jayasundera

India - Sri Lanka joint venture terminal

November 4, 2021 4 min read

Sri Lanka aims to cut deficit, have non-traditional budget in 2022

We are planning to reduce the budget deficit by a significant level

November 3, 2021 3 min read

Sri Lanka stock market looks to Dubai diaspora to reverse outflow in first post-COVID forum

The forum will be held at the Sheraton Grand Hotel, Dubai, on Friday (05) from 6 pm to 9pm local time.

November 2, 2021 3 min read

Sri Lanka state docs take step back as Pliny sows fertilizer crisis down millennia

There had been warnings that Pliny the Elder;s claims are not reliable evidence to base policy

November 2, 2021 5 min read