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Thursday June 1st, 2023

Sri Lanka should privatize SriLankan Airlines fast: Advocata

The national carrier has racked up losses of 372 billion rupees since management control

May 24, 2022 2 min read

Sri Lanka Treasury cash shortfall Rs5.6bn a day: Minister

Revenues at Rs4bn expenses are Rs9.6bn

May 24, 2022 2 min read

Sri Lanka seeks US$500mn credit from India

India has already given US$700mn

May 24, 2022 1 min read

Sri Lanka selects Lazard, Clifford Chance to advice on debt-restructuring

Sri Lanka decided to default on debt on April 12

May 24, 2022 1 min read
CT CSLA Asia Frontier forum to feature Sri Lanka, Pakistan firms

CT CLSA Securities of Sri Lanka and Alfalah CLSA Pakistan are partnering to host the forum

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

What will result from the surprise economic stimulus

Three leaders discuss how the stimulus package impacts their businesses, the economy and consumers..

March 14, 2020 9 min read

Sri Lanka pharma firms say no shortage of drugs, not to panic buy

Sri Lanka's pharmaceuticals firms said there is no shortage of drugs in the country and urged the public not to engage i...

March 13, 2020 2 min read

Govt can use Active Liability Management Act to borrow- Harsha

Former MP Harsha De Silva is saying that the government can take advantage of historically low interest rates to take th...

March 11, 2020 2 min read

No reason to delay reducing fuel prices: JVP

The government has failed to decrease fuel prices when it could’ve easily matched the dramatic drop in prices globally...

March 11, 2020 2 min read

Sri Lanka bank credit to state surge in January 2020, private loans muted

Sri Lanka' credit to government from commercial banks had surged to 147.8 billion rupees in January 2020, up from 34.4 b...

March 10, 2020 2 min read

Sri Lanka forex reserves rise to US$7.9bn in Jan 2020 before rate cut, profit transfer

Sri Lanka's forex reserves had grown to 7,948 million US dollars in January 2020, from 7512 million US dollars ahead of ...

March 9, 2020 2 min read

Sri Lanka hires 45,000 graduates in costly fallout from state university crisis

Sri Lanka has announced that 45,585 graduate mainly from state universities who failed to get a job in productive secto...

March 8, 2020 3 min read

Sri Lanka in talks with China for US$1,000mn, RMB2000mn 10-year loans: Minister

Sri Lanka's cabinet has given the nod to negotiate 10-year US dollar and Renminbi denominated loans from China Developme...

March 8, 2020 1 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

Without female engagement, Sri Lanka’s Growth will sputter

In Sri Lanka, 73.6% of working-age men are in the labour market but only 36.6% of working-age women. This 37% gap betwee...

March 8, 2020 14 min read

China exports plunge 17.5-pct on coronavirus epidemic

China's exports plummeted in the first two months of this year on the back of a coronavirus epidemic that forced busines...

March 7, 2020 3 min read

Sri Lanka expects apparel orders to recover; Coronavius hit on exports US$500mn in 2Q

Sri Lanka is expecting to lose 500 million US dollars of apparel exports from March to June 2020, as an outbreak of Cor...

Mahadiya Hamza
March 7, 2020 4 min read

Red tape hinders registration of small businesses in Sri Lanka: think tank

Red tape is hindering the registration of small businesses at Divisional Secretariats in Sri Lanka, oppressing the poor ...

March 6, 2020 2 min read

Sri Lanka expects 3.5-4.0-pct GDP growth in 2020: CB Governor

Sri Lanka is expecting 3.5-4.0 percent growth in gross domestic product in 2020, amid a hit from Coronavirus while infla...

March 6, 2020 1 min read

Sri Lanka excess liquidity spike in Feb from central bank profit transfer

A steep jump in excess liquidity in Sri Lanka's interbank money markets came from a transfer of profits from the central...

March 6, 2020 2 min read

Big Onions to cost more

ECONOMYNEXT-The Finance Ministry has increased the minimum guaranteed price of the government for big onions from Rs 60 ...

March 6, 2020 1 min read

Sri Lanka to subsidise pipe-borne water connections for 150,000 low-income houses

Sri Lanka plans to connect 150,000 new houses to pipe borne water in the first two quarters of 2020 by lowering initial ...

March 5, 2020 1 min read

Sri Lanka to execute an action plan to boost access to finance

Sri Lanka will execute an action plan to expand access to banking, payment services, insurance and pensions, co-cabinet ...

Imesh Ranasinghe
March 5, 2020 1 min read

Sri Lanka to set up state real estate holding company for Hilton, Hyatt, GOH

Sri Lanka will set up a holding company owned by the Treasury, Bank of Ceylon and Sri Lanka Insurance Corporation to con...

March 5, 2020 1 min read