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Thursday June 1st, 2023

Sri Lanka ignored IMF 2020 warning that debt was unsustainable, COPE told

They brought the proposal (in 2020) that Financial Advisors have to be appointed to make debt sustainable.

May 26, 2022 4 min read

Sri Lanka CB Governor doing an extremely good job in dire times: Coomaraswamy

No request has been made to return to the central bank

May 25, 2022 1 min read

Sri Lanka's new finance minister faces challenge of winning back international confidence

“What the international community is looking for is long-term policy credibility and sustainability."

May 25, 2022 9 min read

No new loans for Sri Lanka without proper economic plan: World Bank

Until an adequate macroeconomic policy framework is in place, the World Bank does not plan to offer new financing

May 25, 2022 1 min read
Sri Lanka DDR uncertainty premium too high: CB Governor

We have a better understanding how we can treat domestic debt, what are the classes of debt

Sri Lanka on a clear disinflation path faster than expected: CB Governor

November CCPI expected to show same trend

Sri Lanka delays tax and debt collections, state to intervene in financial markets

Sri Lankan President Gotabaya Rajapaksa in a statement said a host of new relief measures to combat the COVID-19 coronav...

March 24, 2020 4 min read

Sri Lanka President pledges US$5mn to Modi's South Asia Coronavirus fund

Sri Lanka President Gotabaya Rajapaksa has pledged 5 million US dollars to a South Asian emergency fund for anti-Coroanv...

March 23, 2020 1 min read

Sri Lanka president has powers to spend, fund Coronavirus fight: PM

Sri Lanka's President has constitutional powers to allocate funds for government activities as well as the fight against...

March 23, 2020 1 min read

As Coronavirus curfew lifts Sri Lanka retailers to restrict entry, limit panic buying

Sri Lankan supermarket chains will limit the number of customers entering stores in a move to control the spread of Coro...

Mahadiya Hamza
March 22, 2020 3 min read

Co-op stores to open soon as curfew is lifted

Prime Minister Mahinda Rajapaksa has advised officials to ensure that food and other essential commodities are released ...

March 21, 2020 1 min read

Sri Lanka makes mini-budget till May 2020 under Presidential powers

Sri Lanka has made a three month mini-budget running from March to May 2020, using constitutional powers given to Presid...

March 21, 2020 2 min read

Sri Lanka to buy US$760mn in chemical fertilizer

Sri Lanka's cabinet of ministers has approved the purchase of 760 million US dollars in chemical fertilizer from the wor...

March 20, 2020 1 min read

Sri Lanka in lockdown-style Coronavirus curfew as count moves up, markets wobble

Sri Lanka Friday announced lockdown-style curfews to cover the entire country, while island's Coronavirus count went to ...

March 20, 2020 4 min read

Sri Lanka halts imports of cars, electronics, perfumes, after soft-peg pressure

Sri Lanka has halted the imports of cars, perfumes, tyres, footwear, airconditors, refrigerators, mobile phones, televis...

March 20, 2020 2 min read

Sri Lanka biz chambers suggest COVID-19 strategies

Sri Lanka's Joint Chambers of Commerce has written to President Gotabaya Rajapaksa suggesting ways to overcome the curre...

March 19, 2020 6 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 290.6745 289.8986
UK Pound 358.1710 357.3274
Euro 309.9647 310.0947
Aus Dollar 188.4064 310.0947
Yen 2.0658 2.0576
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5935 3.6214
Korea Won 0.2248 0.2261
Oman Rial 770.5802 776.9541
Saudi Riyal 79.1149 79.7546
UAE Dirham 80.7822 81.4508
Source: Central Bank/Indicative
pts %
S&P SL20 2,432.34 0.14%
CSE All Share 8,532.60 -0.50%
Turnover Rs million 575,340,332 518,927,793
Source: CSE
Latest Last
3-m bill 24.64 24.60
6-m bill 24.24 24.36
12-m bill 22.37 22.36
5-yr bond 24.98 24.79
8-yr bond 23.82 23.16
Source: Central Bank/Indicative
today yesterday
Overnight Money 16.49 16.49
Gilt Repo 16.50 16.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka President okays funds for Covid-19 battle, troubled firms: Minister

Sri Lanka's President Gotabaya Rajapaska had released 64 billion rupees to government supplier including importers of dr...

Imesh Ranasinghe
March 19, 2020 1 min read

Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse

Sri Lanka to build a 200 billion rupee fuel price stability fund, by keeping oil prices fixed Minister Bandula Gunewarde...

March 19, 2020 2 min read

Sri Lanka gets US$500mn loan to help fight Coronavirus China says

China and Sri Lanka had inked a 500 million dollar loan agreement which could be used to fight Coronavirus Beijing's emb...

March 18, 2020 1 min read

Sri Lanka lifts taxes on masks, disinfectants in COVID-19 battle

Sri Lanka is removing taxes on imported masks and disinfectants to as demand increases due amid a Coronavirus epidemic, ...

March 18, 2020 1 min read

Sri Lanka Coronavirus fight joined by curfew, credit relief and border controls

Sri Lanka President Gotabaya Rajapaksa asked bank not to collect debt from Coronavirus hit businesses, blocked foreign a...

March 18, 2020 4 min read

Sri Lanka Central Bank Governor asks markets to remain calm

Sri Lanka's Central Bank Governor W. D. Lakshman called on financial institutions to not speculate and cause panic in th...

March 17, 2020 2 min read

Sri Lanka cuts rates 25bp, reserve ratio 100 in emergency move over Coronavirus

Sri Lanka has cut its policy rate corridor 25 basis points and also cut the statutory reserve ratio 100 basis points to ...

March 16, 2020 4 min read

Fed cut rates, key floating central banks to open taps on Coronavirus pandemic

The US Federal Reserve and other central banks announced on Sunday a bold set of measures to shore up confidence hit by ...

March 16, 2020 4 min read

Sri Lanka wholesale and retail, external trade will operate Monday

Sri Lanka's public holiday declared for Monday March 16 as an anti-Coronavirus measure will not apply to the wholesale,...

March 15, 2020 1 min read

Sri Lanka supermarket sales up in Coronavirus panic buying

Sri Lanka's supermarket sales have shot up amid after a few new cases of Coronavirus were reported in the country, but o...

Mahadiya Hamza
March 14, 2020 3 min read