An Echelon Media Company
Thursday October 6th, 2022
Economy

Sri Lanka revenue and grants Rs1,238bn by August

Recurrent spending up to August was Rs1,952.1bn

October 5, 2022 1 min read

Sri Lanka cabinet approves Appropriations Bill for 2023

The gross borrowing requirement is 4,429 billion rupees

October 4, 2022 1 min read

Sri Lanka awards contract to buy potassium fertilizer for Maha season

Contract awarded to Ameropa Asia (Pvt) Ltd

October 4, 2022 1 min read

Sri Lanka parliament panel approval delayed for HCL tax breaks

Explanations expected on October 04

October 4, 2022 1 min read

Sri Lanka keen to restart cancelled Japanese projects; Japan willing to lead creditor talks: PMD

He had also expressed an interest in exploring investment opportunities in renewable energy in Sri Lanka

September 27, 2022 2 min read
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Hong Kong, GCC pegs, Vietnam hike rates after Fed as Sri Lanka eyes flexible policy

Now, we are going to run a Currency system which means that the moment we earn less, we spend less

September 27, 2022 5 min read

Sri Lanka to prioritise Singapore FTA, president tells Singapore PM in Tokyo

President Wickremesinghe is in Tokyo on a two-day official visit.

September 27, 2022 1 min read

Sri Lanka 's Inland Revenue collections top 60-pct of 2022 target by Aug: Minister

We have to collect taxes while the economy is contracting

September 26, 2022 1 min read

Sri Lanka rupee debt in US$20bn IFR hair cut as economy inflates

Sri Lanka central government rupee debt falls to US$32.4bn equivalent from US$50.5 billion

September 25, 2022 7 min read

Sri Lanka President to visit Japan, meet ADB chief in the Philippines

To join ADB Governors meeting

September 25, 2022 1 min read

Sri Lanka foreign minister meets China's Wang Yi

Had a productive discussion

September 25, 2022 2 min read

Sri Lanka files motion to dismiss action of holdout bond holder

.

September 24, 2022 1 min read

Sri Lanka coconut prices fall further at weekly auction

Margin between highest and lowest prices narrowed this week

September 24, 2022 1 min read

Sri Lanka has no final decision yet on domestic debt re-structuring

Gross Financing Need projected to be over 30-pct of GDP without re-structuring

September 23, 2022 3 min read
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Latest Last
US Dollar 369.9103 369.9103
UK Pound 419.5837 413.4458
Euro 365.2629 364.8862
Aus Dollar 242.4453 240.1335
Yen 2.5656 2.5668
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4489 4.4516
Korea Won 0.2529 0.2518
Oman Rial 942.5852 942.5852
Saudi Riyal 96.5416 96.5545
UAE Dirham 98.7994 98.7994
Source: Central Bank/Indicative
pts %
S&P SL20 2,875.21 -5.70%
CSE All Share 9,237.05 -4.28%
Turnover Rs million 4,541,034,136 3,017,534,901
Source: CSE
Latest Last
3-m bill 29.75 29.35
6-m bill 28.66 28.29
12-m bill 28.54 28.44
5-yr bond 25.22 25.26
8-yr bond 25.82 25.87
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 IMF deal nod could be Jan 2023

Private debt restructuring by 2Q 2023

September 23, 2022 3 min read

Sri Lanka's economic crisis forces public sector to let saree go as office attire

"Wearing a saree reduces productivity because we have to wear appropriate accessories such as heels"

Neshella Perera
September 23, 2022 2 min read
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Sri Lanka rupee bonds see initial interest from foreign investors

High yields and IMF deal prospects may

September 23, 2022 2 min read

Sri Lanka gets backing from Japan, bi-lateral lender envoys for debt talks

23 Paris Club and Non Paris Club nations participated in the hybrid conference

September 22, 2022 2 min read

Sri Lanka holds "Ambassadors’ Forum" on debt restructuring, IMF programme

Sri Lanka suspended foreign debt repayment on April 12

September 22, 2022 1 min read

Crisis-hit Sri Lanka likely to resume China FTA talks along with India's CEPA: sources 

Sri Lanka is caught in a geopolitical cold war between China and India, analysts say

Shihar Aneez
September 22, 2022 3 min read

Confusion over whether Sri Lanka's IMF deal will be presented to parliament

"The cabinet will be briefed very soon once he received all the details."

September 22, 2022 2 min read

Sri Lanka military too strong at 247,000 in peacetime: legislator

In other countries of the world, when the war is over they voluntarily leave

September 22, 2022 2 min read
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US Federal Reserve hikes rates, to take out US$95bn a month to tame Powell bubble

US money supply already slowing at an unusual rate

September 22, 2022 3 min read

Sri Lanka gets first batch of rice donated by Australia

Launched in June, WFP’s emergency response aims to help 3.4 million of those most at risk

September 21, 2022 2 min read
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