An Echelon Media Company
Wednesday June 19th, 2024
Economy

Sri Lanka in talks with Bill and Melinda Gates Foundation for automation in agriculture

Officials of the Bill and Melinda Gates Foundation have assured President Wickremesinghe interventions would be made.

May 31, 2023 1 min read

Sri Lanka inks deal with Korea for floating solar plants

KIAT will give a grant of 5.2 million  dollars to the Sustainable Energy Authority in order to build the projects.

May 31, 2023 1 min read

Sri Lanka tourism arrivals up from last year in May, but below April 

In April Sri Lanka welcomed 105,498 tourists, down from 125,495 in March.

May 31, 2023 1 min read

Sri Lanka may have to raise debt limit: Minister

Many foreign funded projects are at a standstill, after default

May 31, 2023 1 min read
Sri Lanka must include informal sector workers in social security system: Minister

Sri Lanka needs to protect daily wage earners, domestic workers, and allow them to join retirement funds like EPF, ETF

Sri Lanka ends fertilizer ban, private sector imports allowed

Chemical fertilizer can be taken from the open market

November 24, 2021 1 min read

Effective tax on Sri Lanka banks could go up to 70-pct with new 'super gains' tax

In the budget for 2022 proposed a windfall tax on 25 percent for large companies

November 24, 2021 2 min read

Sri Lanka energy minister calls for fuel pricing formula if stabilisation fund is no go

He said the stabilisation fund that was originally proposed by him on March 15 has yet to receive cabinet approval.

November 23, 2021 2 min read

Sri Lanka national inflation surges to a 4-year high after money printing

Since inflationary policy began from around August 2019, the food index had risen 28.5-pct

November 23, 2021 2 min read

Sri Lanka parliament passes 2022 budget with 153 votes

The budget is first by Finance Minister Basil Rajapaksa

November 22, 2021 1 min read

Sri Lanka's nattami porters go on strike, demand higher compensation

"Even a cup of plain (black) tea costs about 20-25 rupees," one nattami said.

Chanka Jayasinghe
November 22, 2021 1 min read

Sri Lanka minister says cars with one passenger should be banned after printing money

A law should be brought that a minimum of three to four passengers should be in the car

November 22, 2021 2 min read

Sri Lanka opposition graphically warns on commode effect on controlled economy

"There are no commodes to go to toilet (Lat ekerter yun-ner lat porch-chiya nae)"

November 21, 2021 3 min read

Sri Lanka central bank appoints four assistant governors

Appointments are effective from November 17

November 21, 2021 7 min read

Vietnam's Vinfast unveils electric vehicles, expects to ship from 2022

Vinfast unveiled a crossover and SUV, VFe35 and VFe36

November 21, 2021 1 min read
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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 exports hit October record as money printing drive forex shortages

Exports up 21-pct up to October

November 19, 2021 3 min read

Sri Lanka manufacturing recovers strongly in October : PMI

Manufacturers stock up in anticipation of new orders while others due supply-side woes

November 18, 2021 2 min read

Sri Lanka's CPC debt 4.2-pct of GDP by July 2021, loses Rs61.8bn

Part of losses comes from dollars borrowed after money printing

November 18, 2021 2 min read

Sri Lanka's Sarvodaya building supply chain for rural products

SDF to develop a business portal

November 17, 2021 4 min read

Sri Lanka can take high road with cannabis instead of IMF to solve debt crisis: legislator

We do not have to beg and bend in two (hingar kun-ner, dekerter namen-ner) before the IMF or other creditors

November 17, 2021 2 min read

Sri Lanka cabinet discussed going for IMF bailout at length: spokesman

"There was an in depth discussion on the pros and cons of going to the IMF, but no decision was taken," he said.

November 16, 2021 1 min read

Sri Lanka closes oil refinery amid money printing, forex shortages

We made this decision to manage limited foreign exchange to import essential foods

November 15, 2021 4 min read

Sri Lanka public service made a burden by politicians: Opposition leader

Extending retirement age will compound the problem

November 15, 2021 2 min read

Sri Lanka imports still strong in September, BOP deficit US$2.5bn

Remittance fall amid a credibility loss of a peg at 203

November 15, 2021 2 min read

Sri Lanka state enterprises a burden on economy: Finance Minister

Most of these institutions do not provide returns on the investments made by the government

November 15, 2021 2 min read