An Echelon Media Company
Tuesday January 31st, 2023
Economy

Sri Lanka operators seek higher renewable tariffs, amid exchange rate expectations

With the rupee continuing to devalue in other 5 years 40 rupees will look like 20 rupees

January 29, 2023 4 min read

Sri Lanka top chamber less pessimistic on 2023 GDP contraction

Expects GDP change to be between 0 to 2 percent

January 28, 2023 1 min read

Acuity Knowledge Partners with Sri Lanka office to be bought by Permira

Acuity has a 500 person operation in Sri Lanka

January 28, 2023 1 min read

Sri Lanka, other defaulting nations have widely differing debt indicators: Expert

"This is sometimes over-emphasized… but this ratio at 120 is a lot."

January 27, 2023 8 min read
Apé Amma named Sri Lanka's highest-earning YouTube channel

CashnetUSA.com reported that the channel has earned an estimated 962,386 US dollars since its inception.

Sri Lanka President explains problem as progressive taxes discredit reforms

If we do not bring revenues back to 2019 levels, foreign countries will not support us

Sri Lanka tries to unscramble egg crisis from price controls

Broiler meat prices collapse as price signals allowed to work without state interference

January 24, 2023 1 min read
1

IMF accepts India debt assurance for Sri Lanka, China, others awaited

Sri Lanka is engaged with other official bilateral creditors to obtain similar assurances

January 24, 2023 2 min read

Sri Lanka national inflation at 59.2-pct in Dec 2023

Food prices down for the third month

January 24, 2023 2 min read

Money to pay Sri Lanka state salaries on January 25 mostly found: Minister

Salaries will be paid on January 25

January 24, 2023 2 min read

Sri Lanka exporters getting advance payments in fix over forced fx conversion

Advance payments are converted before goods are shipped at least by two banks

January 23, 2023 2 min read

Sri Lanka central bank buys US$103mn from banks net in Dec 2022

The monetary authority operates a peg at 360 to the US dollar through a surrender rule

January 23, 2023 3 min read

Sri Lanka remittances up after tight money kills parallel FX gap, Pakistan down

Pakistan has seen its reserve fall from 17 to 4 billion US dollars over 12 months

January 23, 2023 6 min read

Sri Lanka gets first response from China over debt restructuring

China Exim Bank responds to Sri Lanka

January 22, 2023 2 min read

Sri Lanka's CEB engineers protest against high tax; warn to expend agitation 

Sri Lanka trade unions have started to protest against tax hikes; protesters warn of more agitation

Chanka Jayasinghe
January 20, 2023 2 min read

Sri Lanka, India agree to raise ceiling on high-impact community development projects

His presence in Sri Lanka was testimony to Prime Minister Narendra Modi's Neighbourhood First policy, said Jaishankar.

January 20, 2023 2 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 expecting debt assurance from China in the near future: Minister

India this week gave debt assurance to the IMF.

January 20, 2023 1 min read

India to expand investment in Sri Lanka's energy sector, other core areas: Jaishankar

"I am confident that the gravity of the situation is realised by policymakers here,” Jaishankar said.

Himal Kotelawala
January 20, 2023 3 min read

Sri Lanka commercial banks repay foreign credits

Bank repayments of foreign credits will reduce the current account deficit

January 20, 2023 2 min read

India external affairs minister S Jaishankar arrives in Colombo

Jaishankar is scheduled to meet President Ranil Wickremesinghe, Prime Minister Dinesh Gunawardena and others.

Himal Kotelawala
January 19, 2023 3 min read

US welcomes India's assurance of support to Sri Lanka's debt restructuring plans

“The US stands ready to assist SL to unlock IMF assistance when all creditors agree to fair and equitable treatment."

Himal Kotelawala
January 19, 2023 4 min read

India tells IMF it strongly supports Sri Lanka's debt restructuring efforts

The financing and debt relief will be provided by the Export-Import Bank of India, said Mishra in his letter.

Himal Kotelawala
January 19, 2023 4 min read
1

Sri Lanka optimistic of 2023 tourism targets after Jan performance: official

Fernando said tourism revenue in 2022 was 1.2 billion US dollars.

Himal Kotelawala
January 18, 2023 2 min read

Unhappy ending to Sri Lanka's thriving spa industry averted

He had made no comment on banning women massaging men or vice versa, he insisted.

Chanka Jayasinghe and Himal Kotelawala
January 18, 2023 3 min read

Sri Lanka's manufacturing picks up slow in Dec; services see upturn: PMI

Manufacturing PMI was still below 50

January 18, 2023 2 min read

Sri Lanka committee to oversee merging of BOI and EDB activities

The cabinet had also directed the Legal Draftsman to prepare a bill to set up an International Trade Office

January 18, 2023 1 min read