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Sunday May 19th, 2024
Economy

Sri Lanka can prosper if it achieves debt sustainability: IMF official

The official also noted that inflation has come down in Sri Lanka, albeit from having gone “through the roof”.

May 4, 2023 5 min read

Sri Lanka expects cricket book to promote sports tourism

A book on Sri Lanka's cricket history by UK-based author Nicholas Brookes will help promote the island's status.

May 4, 2023 2 min read

Sri Lanka exports down 1.96-pct in March, tea up

Exports to US and European markets down

May 4, 2023 1 min read

US Fed hikes rates to 5.25-pct, claims banking system is sound

We will continue to monitor conditions in this sector

May 4, 2023 3 min read
Sri Lanka rejects bids for bond auction ahead of coupon payment

The debt office offered 22.5 billion rupees of 2028 and 22.5 billion rupees of 2031 bonds

Meet GMT recommendations when granting tax incentives: Sri Lanka think tank

The GMT rule is an agreement introduced by the OECD/G20 in October 2021.

Sri Lanka CB to propose dollarized car imports amid money printing

We now see a bubble in vehicle prices

October 15, 2021 3 min read

Sri Lanka says IMF growth projection for 2021 too low

When it comes to the local forecast, I think our research department has a greater understanding

October 14, 2021 5 min read

Sri Lanka keeps overnight policy rates unchanged, market rates move up

Market rates move up after last hike

October 14, 2021 8 min read

Sri Lanka rupee non-credible peg at 203 to dollar drives dollar rationing, rates rise

Banks trying to supply dollars to non-foods

October 13, 2021 5 min read

Sri Lanka 2021 GDP growth downgraded to 3.6-pct by IMF, global growth lowered

Vaccine divide creates large disparities

October 12, 2021 3 min read

Sri Lanka bond auction yields rise around 100bp across maturities

80 billion rupees out of 100 billion rupee auction sold

October 12, 2021 2 min read

Sri Lanka budget on November 12, vote on December 10

The appropriation bill details a total of 2,505 billion rupees in spending

October 12, 2021 1 min read

Sri Lanka private, state credit surge in August, CB credit up 187-pct

Central bank credit to government grew 187 percent in the 12-months to August

October 12, 2021 1 min read

Sri Lanka CPC seeks fuel price hike amid Powell Bubble, currency fall

We will inform the cabinet that we cannot bear this loss anymore

October 12, 2021 3 min read

Sri Lanka says only quotes no volumes for sovereign bond buy-back

Not even 5 per cent of the outstanding January 2022 ISB maturity was available for sale

October 11, 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 central bank on insolvency track, quasi-fiscal losses loom

In September gross reserves had fallen further

October 11, 2021 8 min read

IMF cautions Maldives on money printing to stop rufiyaa fall as Sri Lanka wobbles

Tighter monetary policy stance may be needed to ensure compatibility with the exchange rate peg

October 9, 2021 3 min read

Sri Lanka forex reserves down to US$2.5bn in September

From US$5.6bn in December 2020

October 9, 2021 1 min read

Despite challenges, trade fairs will stay

Organisers are looking at different methods in which Trade Fairs could be re-introduced.

Kshama Ranawana
October 9, 2021 5 min read

Sri Lanka Minister apologizes for creating shortages, gives up on price controls

We apologize for the inconvenience caused to consumers

October 8, 2021 4 min read

Sri Lanka shortage agency likely to relax price controls on LPG, wheat flour, milk

CAA to issue new price controls based on 'costs'

October 8, 2021 6 min read

Sri Lanka kicks off 2022 budget process with Appropriation Bill

The ministry of defence had been allocated 373.1 billion rupees, health 153.5 billion rupees and education 127 billion

October 7, 2021 1 min read

Sri Lanka to grow 3.3pct in 2021, macro-risks loom: World Bank

Outlook clouded by pre-existing macroeconomic weaknesses

October 7, 2021 2 min read

Sri Lanka looking to adopt policy on blockchain technology, digital banking, crypto mining

"Proper regulatory framework will ensure that Sri Lanka will lead the digital economy in the region.”

October 7, 2021 2 min read

EU: Focused on non-discrimination, PTA during Sri Lanka’s GSP+ monitoring mission

 “The meetings also reviewed drugs policy, environment and climate change, as well as corruption.”

October 7, 2021 3 min read