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Sunday March 26th, 2023

IMF assistance sought but Sri Lanka must be mindful of its core policies: central bank chief

“When the pandemic was emerging, some countries were on a strong economic footing."

March 23, 2022 4 min read

Sri Lanka central bank ends ban on forward forex sales to importers

Anomaly in the forward market due to low rates

March 23, 2022 4 min read

Sri Lanka import licenses will worsen economic crisis, promote corruption: think tank

Forex shortages are a problem associated with pegged exchange rates which do not allow short term rates to float

March 23, 2022 3 min read

Sri Lanka Ceylon Chamber chief thanks India for USS2.4bn in financial support

India is also recognised as a key investment partner of Sri Lanka

March 23, 2022 1 min read
Sri Lanka to build 2,000 housing units for low-income families by Feb 2023

"The government’s goal is to solve the housing needs of low-income families living in rural and urban areas"

Sri Lanka's progress on GSP+ commitments: top EU officials says report due soon

GSP+ is an annual trade concession worth over 500 million US dollars

Sri Lanka to repay US$4.8bn in 2020, already part financed

Sri Lanka's external debt repayments are 4.8 billion US dollars for 2020, and payments for the first half of the year is...

December 30, 2019 1 min read

Sri Lanka to get US$250m real estate FDI, US$43mn from land sale

Sri Lanka's cabinet has cleared a 250 million US dollars mixed development by an foreign investor who will also pay 43 m...

December 29, 2019 1 min read

Sri Lanka new monetary law fate to be decided by new administration

Sri Lanka's new administration will have to decide whether to pass the new central bank law that has been drawn up, but...

December 29, 2019 2 min read

Sri Lanka aims at stable rupee, forex reserves, IMF engagement: Governor Lakshman

Sri Lanka will aim for forex reserve collection and exchange rate stability and will engage with the International Monet...

December 28, 2019 3 min read

Sri Lanka's new central bank chief slams 'neo-liberalism'

Sri Lanka's new central Bank Governor W D Lakshman said he wanted find alternatives to neo-liberal policies that the cou...

December 27, 2019 4 min read

Sri Lanka expects 4.0-4.5-pct growth in 2020, inflation 4-pct: CB Governor

Sri Lanka is expecting 4.0 to 4.5 percent economic growth in 2020 and inflation below 4.0 percent and a higher 6.5 perc...

December 27, 2019 2 min read

Sri Lanka keeps policy rates unchanged

Sri Lanka' central bank said it is keeping policy rates, saying market rates have room to fall and the government has an...

December 27, 2019 6 min read

Sri Lanka national inflation falls to 4.1-pct in Nov

Sri Lanka's national inflation in November 2019 was 4.1 percent from a year earlier, slowing down from 5.6 percent in Oc...

December 26, 2019 1 min read

Cheaper potatoes on the market

The price of potatoes should come down in the marketplace as the government has cut the special commodity levy imposed o...

December 26, 2019 1 min read

Sri Lanka banks deposit over Rs50bn in excess cash after injections

Sri Lanka's commercial banks deposited 53 billion rupees in excess cash at the central bank on December 23, 2019 sharply...

December 26, 2019 1 min read
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Latest Last
US Dollar 328.6083 334.9328
UK Pound 404.2407 411.1914
Euro 358.1529 359.7836
Aus Dollar 221.9914 225.8025
Yen 2.5191 2.5583
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.8504 4.0593
Korea Won 0.2471 0.2566
Oman Rial 824.2395 870.3981
Saudi Riyal 84.4779 89.2088
UAE Dirham 86.3927 91.2333
Source: Central Bank/Indicative
pts %
S&P SL20 2,722.94 -1.64%
CSE All Share 9,395.98 -1.38%
Turnover Rs million 3,437,599,160 1,512,188,680
Source: CSE
Latest Last
3-m bill 26.95 28.13
6-m bill 26.26 27.13
12-m bill 25.26 26.11
5-yr bond 26.01 25.82
8-yr bond 24.73 24.73
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 cuts protectionist tax on potatoes as food prices rise

Sri Lanka has cut a protectionist tax of 50 rupees a kilogram on imported potatoes, slapped to boost profit of the farmi...

December 26, 2019 1 min read

Sri Lanka vehicle registrations hits 6-year low amid elections, peg collapse

Sri Lanka's vehicle registrations fell to 24,472 units in November 2019, the lowest since the June 2013 amid a collapsed...

December 25, 2019 2 min read

Sri Lanka has scope to cut rates: Cabraal

Sri Lanka has scope to cut rates, Senior Economic Advisor to the Finance Minister Nivard Cabraal said after the governme...

December 25, 2019 2 min read

State-sanctioned playlists to replace bus music?

State-sanctioned playlists will replace music heard on private and state-owned buses as the National Transport Commissio...

December 24, 2019 1 min read

W D Lakshman appointed CBSL Governor

W D Lakshman, a former Colombo University Vice Chancellor, has been appointed Governor of the Central Bank of Sri Lanka ...

December 24, 2019 1 min read

W D Lakshman appointed Sri Lanka central bank Governor

W D Lakshman, a former professor at Colombo University has been appointed the governor of Sri Lanka's central bank, offi...

December 24, 2019 1 min read

Sri Lanka awaits CB Governor decision

Sri Lanka is expected to make an announcement on the central bank governor soon, after Indrajit Coomaraswamy stepped dow...

December 23, 2019 1 min read

Sri Lanka fiscal stimulus to close output gap

Sri Lanka's sweeping tax cuts are are fiscal stimulus will close a "persistent output gap", seen in recent years and tra...

December 22, 2019 3 min read

Global tobacco use among males falls for first time on tougher policies: WHO

Tobacco use among men have fallen for the first time globally, showing a powerful shift in trends, the World Health Orga...

December 20, 2019 2 min read

CAA announces maximum retail price for rice

Issuing an extraordinary gazette yesterday, the Consumer Affairs Authority (CAA) announced Maximum Retail Prices (MRPs) ...

December 20, 2019 1 min read