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Wednesday June 7th, 2023

Sri Lanka's central bank advances US$388mn to banks to ease dollar mis-match

Monetary instability and forex shortages continue

June 6, 2022 2 min read

Sri Lanka to operate one-third of private buses from June 06

Money printing creates forex and fuel shortages

June 5, 2022 2 min read

Sri Lanka's China-backed Port City set back by soft-peg collapse, unrest

Duty-free complex by the fourth quarter

June 5, 2022 2 min read

Sri Lanka agriculture goes to pot after soft-peg collapse

Minister urges citizens to start growing vegetables in flow pots

June 5, 2022 2 min read
Sri Lanka imports down 21-pct in October

Investments goods imports plunged 42 percent to 188.2 million US dollars in October as private credit contracted

Sri Lanka export revenue falls in October as global recession bites

Sri Lanka has been focusing on boosting exports to come out of economic crisis

Social activists urge officials to care for marginalised citizens in COVID 19 fight

Sex-workers, homeless and migrant workers without a fixed abode are increasingly at risk of contracting COVID 19 and are...

Arjuna Ranawana
April 17, 2020 3 min read

Moody's puts Sri Lanka rating on watch for possible downgrade

Sri Lanka's B2 rating has been placed rating watch by Moody's a rating agency for possible downgrade but the agency woul...

April 17, 2020 2 min read

Sri Lanka seafood exports swimming against Coronavirus tide to keep economy afloat

Sri Lanka seafood exports are seeing strong demand and higher prices during a global Coronavirus crisis though air frei...

Mahadiya Hamza
April 17, 2020 4 min read

Power outages in Puttalam disrupt supply to 7,000 homes

Power supply to about 7,000 households in the Puttalam district was disrupted last night due to outages caused by strong...

Imesh Ranasinghe
April 16, 2020 1 min read

Sri Lanka to allow export inputs despite import controls: EDB Chief

Sri Lanka will allow inputs for export industries despite an import ban, a top official said, after import controls wer...

Mahadiya Hamza
April 16, 2020 2 min read

Sri Lanka in talks with IMF for rapid finance amid Coronavirus crisis

Sri Lanka is in talks with the International Monetary Fund are in talks for a program under its Rapid Finance Instrument...

April 16, 2020 1 min read

Sri Lanka cuts bank rate 500bp to 10-pct, to be linked to ceiling policy rate

Sri Lanka has cut the bank rate, the final lender of last resort facility available to banks that face runs, to 10 perce...

April 16, 2020 1 min read

Sri Lanka 2020 GDP to contract 0.5-pct IMF says amid Coronavirus hit

The International Monetary Fund has said Sri Lanka's gross domestic product would contract 0.5 percent n 2020, down 4.0...

April 16, 2020 3 min read

Gotabaya orders Secretaries to "restart services"in the next few days

President Gotabaya Rajapaksa has told Secretaries to Ministries to restart state and private sector services in the next...

April 16, 2020 3 min read

Sri Lanka export leaders in Advocata discussion on Coronavirus crisis live now

Advocata Institute, a Colombo-based think tank is hosting an online discussion with top officials of Sri Lanka's export ...

April 16, 2020 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 285.6164 283.8763
UK Pound 353.8887 352.3039
Euro 304.1967 302.2424
Aus Dollar 187.2054 183.5776
Yen 2.0304 2.0303
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5460 3.5400
Korea Won 0.2234 0.2216
Oman Rial 759.2190 759.5857
Saudi Riyal 77.9349 77.9716
UAE Dirham 79.5868 79.6253
Source: Central Bank/Indicative
pts %
S&P SL20 2,494.26 0.28%
CSE All Share 8,766.60 0.15%
Turnover Rs million 1,335,527,883 1,335,527,883
Source: CSE
Latest Last
3-m bill 24.37 24.64
6-m bill 24.00 24.24
12-m bill 22.03 22.37
5-yr bond 24.67 24.98
8-yr bond 23.33 23.82
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

G20 agrees to give debt relief for poorest nations over Coronavirus

The Group of 20 nations announced support Wednesday for a temporary halt to debt payments by the world's poorest nations...

April 15, 2020 1 min read

President mulls restarting daily activities at Provincial level

President Gotabaya Rajapaksa is leaning towards the immediate resumption of day-to-day economic activities at provincial...

April 15, 2020 1 min read

Sri Lanka activates tea, rubber, cococnut spice export crops amid Coranvirus curfew, hotlines given

Sri Lanka has given the go-ahead for tea, coconut, rubber, pepper, Cinnamon and other crop producers to resume harvestin...

Chanka Jayasinghe
April 15, 2020 1 min read

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