An Echelon Media Company
Thursday June 1st, 2023

Sri Lanka issues gazette hiking value added tax from June 01

In a bid to reverse fiscal stimulus

June 1, 2022 2 min read

Sri Lanka healthcare agencies to pay suppliers current dollar rate to reduce shortages

The rupee fell steeply in 2022 after two years of money printing

June 1, 2022 2 min read

Sri Lanka key tax changes, top personal tax rate 34-pct, companies 30-pct

Plans to raise Rs195bn a year

May 31, 2022 2 min read

Sri Lanka to increase VAT to 12 percent, telecom levy to 15 percent

PM's office

May 31, 2022 3 min read
Sri Lanka settles Rs495bn to suppliers in 2022, Rs214bn in arrears

government has paid a total of 495 billion rupees from 01.01.2022 to 16.11.2022

Sri Lanka in talks with ADB, World Bank for US$1.9bn in loans after IMF

Reform program to be backed bv credits

Sri Lanka Coronavirus mask export ban lifted by drug price control agency

Sri Lanka's National Medical Regulatory Authority, a price control agency for drugs which has extensive powers to disrup...

April 14, 2020 3 min read

Afghanistan, Nepal, 23 other countries get IMF Coronavirus debt relief

South Asian nations of Afghanistan, Nepal and 23 other African and small island nations will be given debt relief for th...

April 14, 2020 1 min read

Sri Lanka ex-CB chief moots Coronavirus revival funds for vulnerable persons, businesses with WB, IM...

The International Monetary Fund and the World Bank should give relief to debtor nations which can be channeled to funds ...

April 14, 2020 2 min read

Sri Lanka's LOLC gets US$422mn for first tranche of Cambodia unit

Sri Lanka-based LOLC group said, a holding company in Singapore had had received 422 million dollars from the sale of th...

April 13, 2020 3 min read

Govt purchases nearly 1 million kg of vegetables in Sri Lanka amid COVID-19 curfew

The government of Sri Lanka has purchased a total of 904,010kg of vegetables under a programme initiated by the presiden...

April 13, 2020 1 min read

Sri Lanka GDP to shrink 3.0-pct in 2020 as economy hit by Coronavirus: WB

Sri Lanka's economy may contract as much as 3.0 percent in 2020, the World Bank has said as a Coronavirus crisis hit ex...

April 13, 2020 3 min read

Pope Francis calls for debt forgiveness as Sri Lanka and developing nations hit by Coronavirus

Pope Francis on Sunday called for the reduction or forgiveness of the debt of poor nations as the Coronavirus pandemic d...

April 13, 2020 1 min read

Sri Lanka sets price control on rice at Rs90 a kilogram

Sri Lanka's Consumer Affairs Authority, the main price control agency in the island has set new ceiling prices for rice ...

April 11, 2020 2 min read

Sri Lanka pumps Rs240bn into banking system during Coronavirus crisis

Sri Lanka has pumped 240 billion rupees in liquidity into the banking system an official said of which 140 billion rupee...

April 11, 2020 3 min read

Sri Lanka exports revival, using new opportunities vital to beat Coronavirus: EDB chief

Reviving exports urgently is vital to keep Sri Lanka afloat during a Coronavirus crisis and the sector needs room to ada...

Mahadiya Hamza
April 10, 2020 4 min read
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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 brings back PAYE as Advance Income Tax

Sri Lanka has brought a revised version of pay-you-earn tax as an Advance Personal Income Tax to be deducted by the empl...

April 10, 2020 6 min read

Sri Lanka forex reserves down to Rs7.5bn in March amid liquidity injections

Sri Lanka's forex reserves were down by 412.5 million US dollars to 7,525 million by end March 2020 from 7,938.24 milli...

April 10, 2020 2 min read

Sri Lanka Covid-19 heathcare fund totals Rs585mn

A fund started by President Gotabaya Rajapaksa to help fight Coronavirus had drawn 585 million rupees with contributors ...

April 10, 2020 2 min read

US gives US$1.3mn to Sri Lanka to fight Coronavirus, promises testing support

The United States has given 1.3 millon US dollars to help Sri Lanka help protect healthcare workers in the fight against...

April 9, 2020 1 min read

European Union says Sri Lanka Coronavirus fight 'impressive', grants 22 million Euro

The European Union has given Sri Lanka a grant of 22 million US dollars to fight Coronavirus in the island saying the co...

April 9, 2020 2 min read

For all its a struggle to get the essentials of life

Across the districts designated as the most affected by the COVID 19 threat, the fear of the disease is tinged by the co...

Arjuna Ranawana
April 9, 2020 5 min read

Sri Lanka to give Coronavirus incentive package for foreign exchange remitted in

Sri Lanka will give an incentive package to anyone who repatriates dollars held abroad to the island in the next three m...

April 9, 2020 2 min read

Sri Lanka to seek US$1400mn in swap lines from India, China mulled amid Coronavirus

Sri Lanka has requested a 400 million dollar swap line from the Reserve Bank of India under an arrangement available for...

April 9, 2020 2 min read

Sri Lanka may hit foreign borrowing ceiling, recall parliament to raise it: ex-Finance Minister

Sri Lanka may hit legal snags in getting foreign loans unless parliament is recalled to pass new resolution to legalize ...

April 8, 2020 3 min read

Sri Lanka tightens forex controls after printing money

Sri Lanka has tightened controls on foreign exchange outflows for three months as the rupee slid in the wake of rate cut...

April 6, 2020 3 min read