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Tuesday June 18th, 2024
Economy

Sri Lanka president apologises to Japan for cancellation of light rail project

Wickremesinghe met Japanese Prime Minister Fumio Kishida in Tokyo on Thursday May 25.

May 25, 2023 3 min read

Sri Lanka President bets for China-inclusive Asia-led economy

“We want an Asia that can accommodate the Indo-Pacific, the BRI, as well as the ASEAN Outlook on the Indo- Pacific”

May 25, 2023 4 min read

Sri Lanka's Hayleys Plc rated 'AAA(lka)' with a stable outlook: Fitch

We believe this will lead to steady operating cash flows

May 25, 2023 8 min read

Sri Lanka to lift import controls on 100 items: Minister

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May 25, 2023 2 min read

Sri Lanka, not IMF, should restructure debt: Jayasundera

We should restructure the loans by ourselves

November 7, 2021 4 min read

Sri Lanka needs USD 2.0 bn to cut down road deaths by half: World Bank

Over two thirds of road crash victims in Sri Lanka are between the working ages of 15-64 years, the report said.

Mahadiya Hamza
November 5, 2021 2 min read

Sri Lanka lifts price controls on chicken meat

Chicken farmers have been facing higher feed costs

November 5, 2021 1 min read

Sri Lanka shortage agency lifts price controls on sugar, dhall

Price control gazettes on sugar, dhall, b-onions, sprats, tinned fish rescinded

November 5, 2021 2 min read

Sri Lanka inks US$500mn World Bank loan for roads

Sri Lanka has inked a 500-million-dollar loan from the World Bank to improve 3,000 kilometers

November 4, 2021 2 min read

Sri Lanka president turned Japanese loan into Indian investment in ECT deal: Jayasundera

India - Sri Lanka joint venture terminal

November 4, 2021 4 min read

Sri Lanka aims to cut deficit, have non-traditional budget in 2022

We are planning to reduce the budget deficit by a significant level

November 3, 2021 3 min read

Sri Lanka stock market looks to Dubai diaspora to reverse outflow in first post-COVID forum

The forum will be held at the Sheraton Grand Hotel, Dubai, on Friday (05) from 6 pm to 9pm local time.

November 2, 2021 3 min read

Sri Lanka state docs take step back as Pliny sows fertilizer crisis down millennia

There had been warnings that Pliny the Elder;s claims are not reliable evidence to base policy

November 2, 2021 5 min read

Sri Lanka lifts 'rice mafia' tax for State Trading Corporation imports

In Sri Lanka Nadu rice is retailed around the export price of Thai Jasmine rice

November 1, 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's UBC net down 24-pct in Sept 2021

Profits at Sri Lanka’s Union Bank of Colombo (UBC) group fell 24 percent to 182 million rupees from a year earlier

October 31, 2021 2 min read

Sri Lanka CB says working to reverse trend of getting deeper into dollar debt

Balancing Act

October 31, 2021 4 min read

Sri Lanka inflation soars to 4-year high in October 2021, food up 24-pct over 2-years

Food prices have risen 24.1 percent over two years amid local and global money printing

October 30, 2021 3 min read

China doubles down on bacteria tainted fertilizer row, blacklisting Sri Lanka state bank

"Third party test refused. L/C payment obligation refused. PBSL (People’s Bank of Sri Lanka) blacklisted."

October 29, 2021 3 min read

Sri Lanka central bank tightens exporter surrender rules

Only specified deductions allowed

October 29, 2021 4 min read

Sri Lanka exports 0.4-pct down in September 2021, tea slip 8.6-pct

Apparel, rubber up, tea, seafood down

October 29, 2021 3 min read

Sri Lanka says Moody's latest downgrade to Caa2 untimely

Says assessment failed to take into account the latest developments

October 28, 2021 7 min read

Moody's downgrades Sri Lanka sovereign rating to Caa2

Very low foreign exchange reserves, raises default risks

October 28, 2021 10 min read

Sri Lanka needs radical public service consolidation, training blitz: Samarajiva

Everybody took a hit except the government or the public sector employees

October 28, 2021 4 min read

Sri Lanka to import some agro-chemicals amid protests, crop devastation concerns

In relation to weedicide and pesticide, the secretary to the agriculture ministry would take decisions

October 27, 2021 3 min read