An Echelon Media Company
Thursday June 1st, 2023

Sri Lanka's Water Supply Board loses Rs3.1 bn in 2021

25 percent of water lost without any revenue

June 5, 2022 2 min read

SriLankan Airlines loses Rs170bn in 2021 amid soft-peg collapse

In the year to March 2022 finance costs went up to Rs122.5bn Rs35.6bn and unrealized forex losses were Rs47.7bn

June 4, 2022 2 min read

Power cuts dampen Sri Lanka rubber product exports despite higher global demand - SLAMERP

Sri Lanka's rubber products can grow up to 30% in US dollar revenue if uninterrupted power supply ensured

June 3, 2022 2 min read

Sri Lanka central bank deep in debt, dollar shortages at 'guidance' rate : Wijewardena

Central bank has run out of reserves and is guidance rate

June 3, 2022 8 min read
Sri Lanka coconut auction prices up 3.7-pct

Average prices up 5.6-pct over three weeks

After crisis, Sri Lanka president moots 'regional educational hub' idea to preserve forex

Sri Lanka can be a regional hub for education, let us make up our mind, President says.

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

Sick, stranded and broke: crisis hits Gulf's migrant workers

When all nine men in his dormitory caught coronavirus, 27-year-old Nurudhin was bused to a remote quarantine camp -- bec...

April 24, 2020 4 min read

Sri Lanka cabinet approves US$400mn currency swap from India

Sri Lanka's cabinet of ministers had approved a 400 million US dollar swap line with the Reserve Bank of India, co-cabin...

April 23, 2020 2 min read

Sri Lanka industries hit by import controls can appeal to Finance Ministry: Bandula

Sri Lanka's domestic industries hit by import control that came in the wake of currency pressure should appeal to the Fi...

April 23, 2020 1 min read

Sri Lanka in talks with ADB for US$300mn credit, more from China's AIIB, France: Treasury

Sri Lanka is in talks with a raft lenders ranging from the Asian Development Bank, China's Asian Infrastructure Investme...

April 23, 2020 2 min read

Sri Lanka President appoints task force on Coronavirus economic revival and poverty

Sri Lanka's President Gotabaya Rajapaksa has appointed a task force on economic revival and poverty eradication as state...

April 23, 2020 2 min read

Sri Lanka in talks with World Bank for emergency credits, fast disbursements

Sri Lanka is in talks with the World Bank to re-align a part of existing programs as the island fights off Coronavirus,...

April 23, 2020 1 min read

Maldives IMF deal for US$28.9mn approved, says international support needed

The International Monetary Fund has approved a 28.9 million US dollar Rapid Credit Facility (RCF) for the Indian Ocean i...

April 23, 2020 1 min read

Sri Lanka rupee fall, import controls to hurt 60-pct of companies Fitch says

About 60 percent of Sri Lanka's companies would be hit from fall in the rupee, Fitch Ratings said while imports control ...

April 22, 2020 5 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 290.6745 289.8986
UK Pound 358.1710 357.3274
Euro 309.9647 310.0947
Aus Dollar 188.4064 310.0947
Yen 2.0658 2.0576
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5935 3.6214
Korea Won 0.2248 0.2261
Oman Rial 770.5802 776.9541
Saudi Riyal 79.1149 79.7546
UAE Dirham 80.7822 81.4508
Source: Central Bank/Indicative
pts %
S&P SL20 2,432.34 0.14%
CSE All Share 8,532.60 -0.50%
Turnover Rs million 575,340,332 518,927,793
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 16.49 16.49
Gilt Repo 16.50 16.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka exports to fall 36-pct to US$7.5bn in 2020 on Coronavirus economic hit

Sri Lanka's merchandise exports are projected to fall 36 percent to 7.5 billion US dollars in 2020, with services export...

April 21, 2020 2 min read

Sri Lanka rupee weaker in erratic trade, bond yields down

Sri Lanka's rupee was quoted wide around 194.50/196.00 to the US dollar in the one week forward market while there were ...

April 20, 2020 2 min read

Sri Lanka may re-evaluate school opening date after Coronavirus cluster triggers surge

Sri Lanka may re-evaluate school re-opening, a top official said after the discovery of a new cluster after long delay ...

April 20, 2020 3 min read

Sri Lanka sells US$174mn to defend peg in March after printing money

Sri Lanka has sold 174.3 million US dollars in March 2020 to defend a soft-peg with the US dollar after printing money, ...

April 20, 2020 3 min read

Liquor stores may operate during curfew-relaxed hours: Sri Lanka Excise Department

Licensed liquor stores and retailers may operate in areas where curfew will be relaxed starting tomorrow, the Excise Dep...

April 19, 2020 1 min read

Sri Lanka bans more imports after printing excess money amid Coronavirus crisis

Sri Lanka has banned more imports until July 2020 while allowing some items to be imported on three months credit, accor...

April 19, 2020 3 min read

PUCSL extends electrical and plumbing maintenance service during COVID-19 lockdown to all of Sri Lan...

A regulator-led initiative to provide solutions for electrical and plumbing issues in Sri Lanka’s Western province hou...

Imesh Ranasinghe
April 18, 2020 3 min read

Maldives IMF deal to go to Board on April 22, GDP to shrink 8.1-pct on Coronavirus hit

A 29 million US dollar program for the Indian Ocean tourist paradise of Maldives will go to the board of the Internatio...

April 18, 2020 2 min read

Sri Lanka's Ceylon Chamber proposes economic recovery plan to President

Sri Lanka's Ceylon Chamber of Commerce has suggested several strategies for an economic recovery to President Gotabaya ...

April 17, 2020 1 min read

Sri Lanka rupee gains to 191.50/192.00 to greenback as spot trading resumes

Sri Lanka's rupee closed around 191.50/192.00 to the US dollar after spot deals resumed late on Friday and bond yields e...

April 17, 2020 1 min read