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Sunday May 26th, 2024

Sri Lanka banks seek transparency, clarity on domestic debt 'optimization'

Voluntary optimization

May 1, 2023 5 min read

Sri Lanka central bank buys US$1,046mn since ACU credits ran out: analysis

Net purchases after rate hikes and so-called balance of payments surpluses started from the last quarter of 2022.

May 1, 2023 2 min read

Sri Lanka President suggests blocking share sales of privatized plantations

At a meeting of a plantations reform committee

April 30, 2023 3 min read

Main Sri Lanka goods and services exports in US$155mn surplus over imports in March

In 1Q 2023 goods exports and remittances were US$4,409mn US dollars and merchandise imports were US$2.998mn

April 29, 2023 2 min read
SriLanka government to disburse August Aswesuma payments this week after July drag

The new program replaced the politically-motivated Samurdhi scheme

Sri Lanka rejects bids for bond auction ahead of coupon payment

The debt office offered 22.5 billion rupees of 2028 and 22.5 billion rupees of 2031 bonds

If I was Sri Lanka's Finance Minister: Chandra Jayaratne

Jayaratne is advising the administration to avoid astrological beliefs, communicate the problem and take action.

September 30, 2021 17 min read

Sri Lanka opp lawmaker accuses govt of representing interests of "rice mafia"

The MP also claimed that the current leadership’s image as a fearless doer has waned.

September 29, 2021 3 min read

Sri Lanka shortages and blackmarkets not the actual intention of price controls: Minister

'We are not deliberately creating these conditions (thuth-wer athi-karalar) and trying to take these decisions'

September 29, 2021 3 min read

Sri Lanka’s CMC seeks property registration to boost revenue

“There are properties that haven’t been registered for 200 years,” Iqbal said.

Mahadiya Hamza
September 28, 2021 2 min read

Sri Lanka sells 16.8bn in bonds, yields up, post-auction tap open

Post auction tap open till 1600hours on Sept 30

September 28, 2021 4 min read

Sri Lanka to import 100,000 tonnes of 'healthy', non-organic rice, as prices soar

There is a food controller from the health ministry when we import any foods,

September 28, 2021 2 min read

Sri Lanka to give US$50mn to clear 800 containers stuck at port: Consumer Minister

"The Prime Minister asked the Finance Ministry to release foreign currency to clear the containers."

September 28, 2021 1 min read

Sri Lanka cabinet clears Appropriation Bill for 2022 outlining budget allocations

The bill sets out allocations for each ministry and also borrowing limits

September 28, 2021 1 min read

Sri Lanka debt rises to 104-pct of GDP by June 2021

Debt to GDP had risen steadily through 'revenue based fiscal consolidation'

September 28, 2021 3 min read

Sri Lanka CB Governor warned on pitfalls by Wijewardene amid contradictory rupee moves

"The result was the lengthening of the queue for dollars and the expansion of the black market further."

September 28, 2021 5 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
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 to review Sri Lanka’s access to GSP+ trade concession amid rights abuse concerns

The EU delegation visit comes after two key incidents of alleged human rights violations in the last two weeks.

September 27, 2021 6 min read

Sri Lanka central bank explains forex repatriation, Zimbabwe style surrender rules

Reserve Bank of Zimbabwe raised its surrender requirement to 40-pct in January.

September 27, 2021 7 min read

Sri Lanka markets being allowed to work, confidence key: Governor Cabraal

What we are doing is allowing markets to move in the way that they should perform

September 27, 2021 3 min read

Cabraal removes Sri Lanka bond auction price controls

Rs 2bn printed after last week's bill auction despite low forex reserves

September 27, 2021 2 min read

Sri Lanka CB Governor meets envoy of forex reserve rich Bangladesh

Bangladesh forex reserves surged as reserve money grew from NFA

September 27, 2021 3 min read

Sri Lanka in talks for milk credit line from New Zealand

Sri Lanka spends about 300 million dollars a year on diary product imports

September 26, 2021 1 min read

Sri Lanka CB Governor meets exporters and importers

The exchange of views with the main #Importers & #Exporters in Sri Lanka was very helpful

September 26, 2021 3 min read

Sri Lanka prints Rs103.5bn below 3-month Treasuries yield to reverse SRR

Money injected for 87 days below the market risk free rate

September 25, 2021 3 min read

Sri Lanka extends deadline for foreign currency loan

The extension was given because some investors requested more time to get internal approvals

September 25, 2021 1 min read

Sri Lanka seeks UAE help in buying oil

Discussion are also under way with the Indian government for a 500 million US dollar credit line to buy fuel.

September 24, 2021 2 min read