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Sunday May 26th, 2024
Economy

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 to lose billion rupees in alcohol tax from Vesak store closure

"The decision to close liquor stores for three days will cost the government 337 million rupees per day".

May 3, 2023 2 min read
Sri Lanka cabinet nod for revising power tariffs every three months

This was taking into consideration “the inconveniences the public has to confront”, the minister said.

Sri Lanka president to propose state, private sector salary hikes in budget

This is to compensate for the rise in commodity prices due to inflation triggered by the 2022 currency crisis.

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

Sri Lanka rejects Oman land-for- interest request in US$3.6bn oil supplier's credit: Minister

The 3.6 billion US dollar credit line for one year

October 6, 2021 2 min read

Sri Lanka warned on debt default bombshells by Lee Buchheit

There is an enormous political aspect to it both internationally and domestically

October 6, 2021 8 min read

Sri Lanka gets five proposals for foreign currency term loan

The loans will have to be a minimum of one year

October 6, 2021 1 min read

Sri Lanka prints Rs106.7bn rupees to fully sterilize interventions, SRR hike effect

On October 04, the central bank's Treasury bills stock rose to 1,442.7 billion rupees from 1,336 billion rupees

October 5, 2021 3 min read

Sri Lanka Finance Minister, India foreign secy discuss taking forward joint projects

To take forward joint projects of mutual benefit

October 5, 2021 1 min read

Sri Lanka online forum with sovereign debt restructure specialist Lee Buchheit

He has worked on debt restructuring soft-pegged countries like Argentina and Venezuela as well as Greece

October 5, 2021 2 min read

Sri Lanka can’t develop Trinco oil tanks without India as per 1987 accord: Minister

“There is not even a modicum of truth about what is reported everywhere,” said Gammanpila.

October 4, 2021 2 min read

Sri Lanka to optimize existing structure before new taxes: Jayasundera

What we have to do is see if we get the optimum yield with the existing tax structure

October 4, 2021 4 min read

Sri Lanka 2021 budget deficit hits trillion rupees by July, Rs549bn printed

Money printing has triggered a US$2.7bn balance of payments deficit

October 4, 2021 4 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

EU gives Sri Lanka till 2022 to fix terror law, discusses institutions of liberty

EU-Sri Lanka Joint Commission to review in early 2022.

October 2, 2021 4 min read

Sri Lanka expects 5.0-pct GDP growth in 2021, 6.5 in first quarter 2022

Economy dealing with a series of challenges

October 1, 2021 3 min read

Sri Lanka central bank relaxes some controls, exporters forced to convert more dollars

Central Bank negotiating US$500mn in swaps

October 1, 2021 4 min read

Sri Lanka to consider buying back ISBs falling due in 2022: Governor Cabraal

We will consider buying back the ISBs if steep discounts continue

October 1, 2021 2 min read

Sri Lanka removes LC margins on electronic, 'non-essential' items: Cabraal

The cash margin is removed from today

October 1, 2021 1 min read

Sri Lanka to hike mandatory foreign exchange surrender rule

No change will be made to personal foreign currency accounts,

October 1, 2021 1 min read

Sri Lanka courts get AV equipment from US for Covid-19 era hearings

To help courts to record and transcribe proceedings

October 1, 2021 1 min read

Sri Lanka killing US$1.3bn export industry to save US$30mn

For tea industry in particular, the fertilizer cost is only two percent of the total earnings

October 1, 2021 2 min read

Sri Lanka September 2021 inflation 5.7-pct in Colombo

The food sub-index up 22 percent over 24 months

October 1, 2021 3 min read

Sri Lanka CB rate hike, SRR has not met original objectives: Jayasundera

If the export credit is expensive, they have to bring dollars

September 30, 2021 7 min read