An Echelon Media Company
Tuesday April 16th, 2024
Economy

Sri Lanka in talks for billion dollar equivalent Indian rupee swap

it could be up to the equivalent of a billion US dollars

March 25, 2023 2 min read

Sri Lanka repays part of Indian credit with first IMF loan tranche

US$121mn from $331 loan tranche used to settle debt

March 24, 2023 1 min read

Sri Lanka to make presentation to creditors on IMF deal on March 30

Chaired by CB Governor and Treasury Secy

March 24, 2023 1 min read

Sri Lanka to hit smokers, drinkers with index linked taxes

Hike taxes on alcohol and tobacco taxes again in June 2023

March 24, 2023 1 min read
Sri Lanka SOE policy to see over 80 firms shifted to holding company

An SOE Law will legislate the principles of the policy

Sri Lanka ready to seek investors for Hilton, Hyatt, Lanka Hospitals

EOIs for other four firms, including SriLankan Airlines would be called in about five weeks

Sri Lanka's LOLC enters Tajikistan taking over micro-lender

Takes over micro-lenders in Africa

August 30, 2021 3 min read

Sri Lanka state salaries outpace tax gain up to April 2021

But the salary and pension bill rose by 27.7 billion rupees to 361.3 billion rupees easily outpacing the increase

August 29, 2021 2 min read

Sri Lanka international trade role in Advocata forum as monetary instability drive import controls

LIVE-streamed on the 30th of August from 1600h onwards

August 28, 2021 1 min read

Extend lockdown to Oct 2 to save 10,000 lives at 2.2 pct GDP: experts convened by WHO Sri Lanka

Sri Lanka did extend the ongoing quarantine curfew on Friday (27) but only until September 6.

Himal Kotelawala
August 27, 2021 5 min read

Sri Lanka CCC+ sovereign rating outlook downgraded to negative by S&P as reserves fall

Liquidity from failed rupee bond auctions have been driving forex reserves down

August 27, 2021 10 min read

Too late for Sri Lanka currency board, tool to control central bankers, politicians: Wijewardena

Because the currency board will introduce discipline to political leaders as well as those in the central bank

August 27, 2021 5 min read

Sri Lanka foreign minister seeks Korean language boost for closer links

Korea is a key market for migrant Sri Lankan workers who want to earn a higher income

August 27, 2021 2 min read

Sri Lanka resumes repo auctions in minor tightening of policy

The resumption of repo auctions is a further tightening of policy

August 26, 2021 2 min read

World Bank funds Sri Lanka Coronavirus vaccines, ICUs, test kits, lockdown cash

5 million Pfizer vaccines on the way, ICUs, HDUs being built

August 26, 2021 2 min read

Bangladesh BB- rating confirmed by Standard and Poor's

We may lower the ratings if fiscal and external debt metrics weaken further

August 26, 2021 10 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 state workers ask to lift lockdown over salary cut fears

Private sector real salaries had already fallen in 2020

August 26, 2021 4 min read

Sri Lanka re-building reserves as predicted with IMF allocation, China loan: Minister Cabraal

Discussions ongoing on non-debt inflows

August 25, 2021 1 min read

Sri Lanka central bank orders 5.0-pct ceiling on foreign currency deposits

Special deposit accounts can pay a premium

August 25, 2021 4 min read

Amid sex slavery claims Pakistan envoy tells Sri Lanka: Taliban pledged to protect women's rights

Women already being told not to report to work

August 25, 2021 3 min read

Sri Lanka to import 300,000 litres of oxygen a week

Sri Lanka thanks India for sending 140 tonnes of oxygen quickly

August 24, 2021 1 min read

Sri Lanka Covid-19 data errors due to rising case load, test reconciliation officials say

Wider use of rapid antigen tests also may contribute

August 24, 2021 3 min read

Sri Lanka inflation rises to 6.8-pct in July 21 amid MMT, currency fall

Inflation above 6.0-pct for three months

August 24, 2021 2 min read

Sri Lanka new foreign minister pushes trade, investment with foreign envoys

Requests China for oxygen

August 23, 2021 4 min read

IMF allocates new SDR tranche, Sri Lanka to get US$800mn equivalent

The IMF is also warning members not to use the SDR allocation to delay reforms.

August 23, 2021 2 min read

Sri Lanka Foreign Minister, EU envoy discuss GSP Plus action, Covid co-operation

Matters related to cooperation in the fishery sector were also discussed

August 23, 2021 1 min read