An Echelon Media Company
Tuesday April 16th, 2024
Economy

Sri Lanka to launch remittance mobile app to boost inflows from expatriates

The app will be an incentive for expatriates who use formal banking channel

April 3, 2023 1 min read

International community turning blind eye to Sri Lanka concerns, IMF deal must ensure rights: AI

With the government we raised alarm bells around the proposed anti-terrorism legislation

April 3, 2023 4 min read

Sri Lanka expects discussions on GDP linked bonds in creditor talks

The IMF had projected growth of 3.1-pct for the next few years

April 3, 2023 3 min read

Sri Lanka SMEs in trouble over 7-pct output gap targeting loans

Output gap targeting is to be legalized in a controversial new monetary law

April 2, 2023 4 min read
Global Economic Trends and Domestic Reforms Point to a Sri Lankan Rebound: HSBC

Sri Lanka at crucial turning point, say HSBC economists, CBSL Governor and Ceylon Chamber Chairman

Sri Lanka latest import restrictions should be revisited: Jayasundara

Now the central bank has imposed a 100-pct credit margin on IT products, which is not healthy

September 24, 2021 5 min read

Sri Lanka rupee hobbled by 203 decree, priority lists, three bonds quoted

This week American Express, a credit card started rejecting overseas transactions above 100 US dollars.

September 23, 2021 5 min read

Sri Lanka bus assembly eyed by China's King Long Auto in Hambantota

'With the Hambantota Port being so strategically located, we would be able to reach newer markets.'

September 23, 2021 2 min read

Sri Lanka new CB Governor earns cautious approval from Wijewardena

Wijewardene as Deputy Governor in 2008/2009 along with Cabraal tamed the agency's domestic operations

September 23, 2021 3 min read

2021 IMF Annual Meetings Youth Fellowships open for application

Open to individuals aged between 20 to 32 from across the world

September 23, 2021 2 min read

Sri Lanka to raise borrowing limit by Rs400bn for 2021

The borrowing ceiling for 2021 will be raised to Rs3,397 billion rupees from 2,997 billion.

September 22, 2021 1 min read

Sri Lanka seeks 100mn US supplementary loan from World Bank for COVID-19

The World Bank has agreed to grant the loan, a cabinet release said.

September 22, 2021 1 min read

Fingers crossed that Sri Lanka's failed bill auctions which ravaged rupee will end

The yield curve flattens and is rock steady ahead of currency crises as anchors conflict

September 22, 2021 5 min read

Sri Lanka's national inflation at 6.7-pct in August 2021

The food price index grew 11.1 percent in the year to August

September 22, 2021 1 min read

Sri Lanka CB announces monetary board secretary amid controversy

Previous tenors given

September 22, 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

IMF has a role in Sri Lanka after framework decided: Jayasundera

So if the plan is convincing, each one has a role to play in that plan

September 21, 2021 4 min read

Sri Lanka central bank Treasuries stock tops Rs1.3 trillion amid reserve losses

Rising domestic assets point to a corresponding fall in foreign assets

September 21, 2021 3 min read

World Bank Doing Business index scrapped after manipulating ranking for China, others

China's rankings had dropped to 85 from 78 before the data was manipulaed

September 21, 2021 4 min read

Sri Lanka cronies profiting from import controls, SMEs battered: Samarajiva

What we are building is a kleptocracy which will then pollute and completely distort the political processes

September 19, 2021 6 min read

Sri Lanka shortage creating agency may allow milk powder supplies to resume

New price subject to dollars given at 203 to the US dollar

September 19, 2021 3 min read

Sri Lanka gets more railway coaches from India under US$82.6mn deal

RITES will also supply two AC diesel multiple units (DMU) to Sri Lanka Railways.

September 18, 2021 1 min read

Sri Lanka anti-COVID-19 measures to cost $550 million: Jayasundera

The real cost is more

September 17, 2021 2 min read

Sri Lanka to reduce 'vulnerable' international sovereign bond holdings: Jayasundera

Our idea is not to go for any commercial borrowing

September 17, 2021 3 min read

Sri Lanka's foreign exchange reserves are still low despite IMF SDR: Moody's

However, such inflows are piecemeal and boost FX reserves only temporarily

September 16, 2021 5 min read

Sri Lanka explores green bonds for renewable energy, organic fertilizers: Jayasundera

There are so many inquiries and proposals are being put forward to raise money from green bonds

September 16, 2021 2 min read