An Echelon Media Company
Wednesday June 19th, 2024

Sri Lanka to make state interventions on cement, steel, aluminum prices: Minister

Instead of allowing for the open market to bring down prices, interventions should be made

May 31, 2023 2 min read

Sri Lanka food producers on countdown; 6-months to reduce trans fat content

However, these regulations will not be applicable for export oriented food products.

May 30, 2023 2 min read

India extends under utilized $1 bln credit facility to Sri Lanka by one year 

The agreement is extended for the remaining $423.25 million - State FinMin

May 30, 2023 1 min read

Sri Lanka President cleared to discuss cancelled LRT after soured Japan relations

Gotabaya Rajapaksa unilaterally cancelled Japanese financed $1.5 billion LRT, Japan, India involved ECT

May 30, 2023 2 min read
Sri Lanka ruling party will not defeat budget: Mahinda Rajapaksa

The SLPP leader also said his party ready for an election "anytime".

Sri Lanka crisis: former prez does not accept apex court verdict

“I do not accept it. I must state that clearly."

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
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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's NDB net up 24-pct in September quarter before windfall tax

Net Profits at Sri Lanka’s NDB Bank grew 24 percent to 1.8 billion rupees in the September 2021

November 15, 2021 2 min read

Sri Lanka recalls control-era NM Perera in budget 2022 amid new rubber import control

'Our leaders and financial sector experts have failed to bring a long term programme to manage our foreign reserves'

November 15, 2021 5 min read

Sri Lanka's Ceylon Chamber says lifting price controls good, but warns against cascading tax

Looking to engage with goverment

November 15, 2021 5 min read

Sri Lanka budget 2022: 9.8-pct of GDP deficit to be funded locally, repeats windfall taxes

Windfall taxes are now being shown to be a habit. Super Gains Tax returns as 25-pct surcharge

November 15, 2021 5 min read

Sri Lanka CB says no forcible conversion of worker remittances in securitization

Remittance surrenders are from voluntary conversions

November 14, 2021 2 min read

Sri Lanka Finance Minister unaware of items in Special GST hatched in secret

Officials have not even told me all the items since I may accidentally disclose them

November 14, 2021 2 min read

Sri Lanka public sector ‘unbearable burden’: Finance Minister

Unemployed graduates agitate lifetime jobs and pensions to take taxes home

November 13, 2021 2 min read

Sri Lanka seeks investment bank to securitize remittance surrenders

The Securitised Financing Arrangement could be in USD, Euro, Renminbi, Yen, or in a Gulf Cooperation Council currency

November 13, 2021 4 min read

Sri Lanka budget 2022: 700 vehicles seized by Customs to be released

Many are rotting away

November 13, 2021 1 min read

Sri Lanka targets big firms, spectrum auctions to shore up post-Covid finances

Plans to reduce deficit from 11.1-pct of GDP to 8.8-pct

November 12, 2021 5 min read