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Friday June 21st, 2024
Economy

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 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
US commits USD 32.5 mn for Sri Lanka McGovern-Dole school feeding programme

"Over 200,000 Sri Lankan children will benefit from the funds."

Sri Lanka to bring 87 items to value added tax

Value added tax revenues up 62-pct to September

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

Sri Lanka budget 2022: key tax changes

Sri Lanka's budget for 2022 has proposed new taxes

November 12, 2021 3 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 budget 2022: railway land for private development

Lands owned by Department of Railways are currently not being utilized productively.

November 12, 2021 1 min read

Sri Lanka budget 2022: new law on export dollar conversion

The central bank has said earlier exporters who do not convert will be charged a higher tax

November 12, 2021 1 min read

Sri Lanka budget 2022: taxes on vehicle getting into accidents

There are many accidents and this will discourage them

November 12, 2021 1 min read

Sri Lanka budget 2022: 25-pct tax surcharge on large firms, 2.5-pct turnover tax

Financial VAT on banks and finance companies to go up to 15 to 18 pct

November 12, 2021 1 min read

Sri Lanka 2022 budget deficit targeted at 8.8-pct of GDP

The out-turn projected for 2022 is 11.1 percent of GDP or 1,826 billion rupees

November 12, 2021 1 min read

Sri Lanka budget 2022: radio television, frequencies to be auctioned

There will be transparent auctions in the future

November 12, 2021 1 min read

Sri Lanka budget 2022: supplementary estimates barred, fuel allowances, power bills cut

Spending brakes

November 12, 2021 1 min read

Sri Lanka budget 2022 LIVE UPDATES

Hopes to avert external crisis and large deficit

November 12, 2021 2 min read

Sri Lanka budget 2022 to pick winners amid money printing crisis

Help take the country to post-Covid recovery

November 12, 2021 4 min read

Sri Lanka central bank calls for fuel pricing formula

To improve transparency and the general public’s acceptance of much needed regular price revisions

November 11, 2021 2 min read