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Sunday February 5th, 2023
Economy

Sri Lanka senior legislators, ex-speaker call for debt-renegotiation, correct policies

Sri Lanka can then correct its policies towards a path of sustainable economic growth

February 12, 2022 7 min read

Sri Lanka BOP deficit hits record US$3.9bn in 2021 amid money printing

Liquidity injections are deficit balance of payments are in the third year

February 12, 2022 2 min read

Sri Lanka 2021 imports surge to 20.6bn amid controls, forex 'shortages

Severe foex shortages despite, cars, dairy imports falling

February 11, 2022 2 min read

US inflation rises to 7.5-pct as Sri Lanka hits 14.2-percent

US Fed chief Jerome Powell for many months claimed inflation was 'transitory'

February 11, 2022 4 min read
Sri Lanka's Laugfs Gas reduces cooking gas prices

The new price of a 12.5kg gas cylinder has been reduced by 1,050 rupees effective Wednesday August 17.

Sri Lanka policy rate unchanged amid slowing private credit

IMF talks to continue

Speculation rises over Sri Lanka's next central bank governor

With Sri Lanka's central bank Governor Indrajit Coomaraswamy due to step down on December 20, speculation is rising ove...

December 2, 2019 1 min read
1

Johnston orders SLPA to beautify Galle Face Green in one week

Ports Minister Johnston Fernando has ordered the Ports Authority to take immediate action with regard to the beautificat...

Imesh Ranasinghe
December 2, 2019 1 min read

Sri Lanka PAYE tax to stay, high threshold from Jan 01

Sri Lanka will keep Pay-As-You-Earn (PAYE), tax for salaries over 250,000 rupees a month, but all personal income will b...

December 2, 2019 2 min read

Sri Lanka president warns West investment needed to keep China at bay

Sri Lanka's new president Gotabaya Rajapaksa has warned India and Western nations that his country will be forced to see...

December 2, 2019 2 min read

Sri Lanka SOE credit up in October, private credit moderate

Sri Lanka's private credit grew 26.5 billion rupees in October 2019 down from 53.7 billion rupees a month earlier and ...

December 2, 2019 2 min read

Sri Lanka's new administration to re-negotiate IMF deal

Sri Lanka's new administration will re-negotiate an ongoing agreement with the International Monetary Fund, a top offici...

December 1, 2019 2 min read

Sri Lanka's 12-month inflation slows to 4.4-pct in November

Sri Lanka's 12-month inflation rose 4.4 percent in the 12- month to November, dropping from 5.3 percent a month earlier...

December 1, 2019 1 min read

Sri Lanka to focus on India, China, Japan for FDI: Keheliya

Sri Lanka wants to target India, China and Japan for foreign investments with measures taken to raise investor confidenc...

Mahadiya Hamza
November 29, 2019 1 min read

India offers USD 400mn credit line

Indian Prime Minister Narendra Modi announced a USD 400 million line of credit to Sri Lanka to fund infrastructure proje...

November 29, 2019 2 min read

India offers Sri Lanka US$450mn as President Gotabaya meets Modi

India has offered Sri Lanka a 450 million US dollars to build infrastructure and boost security as President Gotabaya R...

November 29, 2019 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 371.7127 371.6601
UK Pound 453.5962 453.9794
Euro 396.3156 396.4763
Aus Dollar 250.1862 251.1981
Yen 2.8251 2.7549
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.3961 4.3963
Korea Won 0.2820 0.2791
Oman Rial 943.2237 943.2268
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.8729 98.8786
Source: Central Bank/Indicative
pts %
S&P SL20 2,653.84 -1.51%
CSE All Share 8,420.26 -1.04%
Turnover Rs million 4,621,153,484 2,824,714,520
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 Samurai bond may be in January : CB Governor

Sri Lanka's planned Samurai bond sale may be pushed back to January from a earlier plan to go to market in December, Cen...

November 29, 2019 1 min read

Govt to slash spending, push up non-tax revenues - Bandula

The Govt plans to slash spending and push up non-tax revenues in a bid to keep the budget deficit at 5 per cent of gross...

November 29, 2019 1 min read

Sri Lanka's central bank holds rates watching tax cuts, budget deficit

Sri Lanka is holding policy rates at current levels, amid worsening of the budget deficit so far this year and recent t...

November 29, 2019 3 min read

Sri Lanka to slash spending, push up non-tax revenues: Bandula

Sri Lanka plans to slash spending and push up non-tax revenues in a bid to keep the budget deficit at 5 percent of gross...

November 29, 2019 1 min read

Sri Lanka PAYE tax to be abolished, uniform personal income tax on all earnings

Sri Lanka is abolishing Pay As You Earn (PAYE) on salaries and withholding tax on interest up to 250,000 rupees a month,...

November 28, 2019 2 min read

Committee to probe ‘Yal Devi’ derailment

Sri Lanka Railways has appointed a committee to investigate yesterday's derailment of the Yal Devi express train, Railwa...

November 28, 2019 1 min read

Sri Lanka President's committee seeks qualified persons to run SOEs

A committee appointed by President Gotabaya Rajapaksa is seeking qualified professional to run state owned enterprises, ...

November 28, 2019 1 min read

Stocks surge 1.6 pct after tax cuts

Stocks surged 1.6% in the first hour of trading after the Govt announced a slew of tax cuts that may help boost corporat...

November 28, 2019 1 min read

Sri Lanka tax cuts to boost growth amid concerns: report

A host of tax cuts by Sri Lanka's new government will provide an immediate boost to economic growth and corporate profit...

November 28, 2019 2 min read

Sri Lanka tax cuts to boost economy, 5-pct of GDP deficit in 2020: Treasury Secretary

Sri Lanka's economic activity will pick up following a series of the tax cuts and the expansion of economic activity wi...

November 28, 2019 2 min read