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Thursday January 26th, 2023
Economy

Sri Lanka pins hopes on tourism recovery to solve BOP troubles

Sri Lanka's recovering tourism sector will help end balance of payments troubles

January 19, 2022 2 min read

Sri Lanka busts US$664mn in 'reserves for imports' in two months

A reserve sale by a soft-pegged central bank with a fixed interest rate also involves printing money of an equal amount

January 19, 2022 4 min read

Sri Lanka factories hurt by import disruptions amid recovery: PMI

Services sector strong in December

January 19, 2022 2 min read

India gives Sri Lanka US$500mn credit line for fuel

External Affairs Minister S Jaishankar had sent a letter to Sri Lanka's Foreign Minister G L Pieris

January 18, 2022 1 min read
Sri Lanka central bank threatens 'stern action' on victims after creating BOP trouble

We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake

Sri Lanka Bairaha Farm’s profit soars over 200% on rising chicken price

The poultry group recorded a profit of 369.5 million rupees in the June 2022 quarter

Sri Lanka's Unilever sees consumer demand pick up from June

The market has started to grow from June

Chanka Jayasinghe
October 16, 2019 2 min read

Sri Lanka can negotiate with lenders, deal with debt: Mahinda Rajapaksa

Any future administration headed by presidential candidate Gotabaya Rajapaksa can deal with Sri Lanka's debt by talking...

October 15, 2019 1 min read
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Sri Lanka economic recovery relies on political stability, reforms: World Bank

Sri Lanka's economic growth is expected to slow to 2.7 percent in 2019 and recover next year but depends on how it ensur...

October 15, 2019 2 min read

Sri Lanka imports, trade deficit down in August amid weak credit

Sri Lanka's imports fell 16.6 percent from a year earlier to 1,574 million US dollars in the August 2019, while exports ...

October 14, 2019 1 min read

Sri Lanka state wage hikes argue for tightening policy: CB Governor

Sri Lanka held policy rates in October despite an output gap and weak private credit due to planned state sector wage hi...

October 14, 2019 2 min read

Sri Lanka forex reserves fall to US$7.6bn in September 2019

Sri Lanka's gross official foreign reserves fell 886 million US dollars to 7,637.6 million US dollars in September 2019 ...

October 14, 2019 3 min read

IMF to consider Sri Lanka review in November

A revised staff level agreement for Sri Lanka with the International Monetary Fund will go to agency's board in November...

October 12, 2019 1 min read

Sri Lanka central bank buys Rs20bn in bonds to inject cash amid currency volatility

Sri Lanka's central bank has bought more than 20 billion rupees in bonds to inject new money and target a call money rat...

October 11, 2019 3 min read
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Sri Lanka may launch Yen60bn Samurai bond in early November: CB Governor

Sri Lanka may launch a 60 billion yen (500 million US dollar) 10 year Samuarai bond around November 2019, Central Bank G...

October 11, 2019 1 min read

Sri Lanka policy rates unchanged, CB says price controls to lower loan interest

Sri Lanka's central bank said it is holding policy rates at current levels but is expecting lending rates to fall faster...

October 11, 2019 7 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 371.7127 371.6601
UK Pound 453.5962 453.9794
Euro 396.3156 396.4763
Aus Dollar 250.1862 251.1981
Yen 2.8251 2.7549
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.3961 4.3963
Korea Won 0.2820 0.2791
Oman Rial 943.2237 943.2268
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.8729 98.8786
Source: Central Bank/Indicative
pts %
S&P SL20 2,653.84 -1.51%
CSE All Share 8,420.26 -1.04%
Turnover Rs million 4,621,153,484 2,824,714,520
Source: CSE
Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka appoints three managers for Samurai bond

Sri Lanka has appointed three joint lead managers for a 500 million US dollar equivalent Samurai bond which will have a...

October 11, 2019 1 min read

Sri Lanka does not have any FTAs, should clean up tariff schedule: trade expert

Sri Lanka does not have any free trade agreements, as large volumes of products are taxed at high rates through so-calle...

October 10, 2019 2 min read
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EU funds 40mn euros for local government development in Sri Lanka

Sri Lanka is to receive a 40 million euros from the European Union (EU) to co-finance the ‘Strengthening Transformatio...

October 9, 2019 2 min read

Debt and lack of resources cause rural poverty - AKD

Crippling personal debt and the lack of basic resources to carry on an agricultural livelihood are being identified by t...

October 9, 2019 2 min read

COPE chief faults CEB in audit battle over Sri Lanka's LTL group

The head of a parliamentary committee probing Sri Lanka's state-run Ceylon Electricity Board, who is waging a battle to ...

October 9, 2019 2 min read

Sri Lanka unemployment rate edges up 2019 2Q

Sri Lanka's unemployment rate has risen to 4.9 percent in the second quarter of 2019 the highest since 5.1 percent seen ...

Chanka Jayasinghe
October 9, 2019 2 min read

BMW sees potential for growth in Sri Lanka

Prestige Automobile (Pvt) Ltd, the agent for Germany-based BMW says the brand sees growth opportunities in Sri Lanka.

October 9, 2019 1 min read

Railway strike called off

Following successful discussions with President Maithripala Sirisena, railway trade unions have decided to call of the o...

Imesh Ranasinghe
October 7, 2019 2 min read

Sri Lanka loan price controls may not improve credit growth: Fitch

A ceiling on interest on loans by Sri Lankan banks imposed by the central bank may not increase lending in the short ter...

October 7, 2019 3 min read

Sri Lanka private credit positive in August, state credit expands

Sri Lanka's private credit expanded by 22.2 billion rupees in August 2019, and credit to government had expanded 47.9 b...

October 7, 2019 2 min read
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