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Monday April 15th, 2024
Economy

Sri Lanka making national tariff policy for export orientation

Para tariffs to be phased out

April 13, 2024 3 min read

Sri Lanka to grow 1.9-pct in 2024 despite tax hikes: ADB

Reforms and improvement to business climate to help

April 12, 2024 2 min read

Sri Lanka consumer confidence surges to new peak in March 2024

"Indices have been improving since the start of this year, so the general trend has been up."

April 11, 2024 2 min read

Sri Lanka Construction Guarantee Fund premiums plunges, investment income up

Premium income at Sri Lanka's Construction Guarantee Fund plunged 87 percent in 2023 amid a downturn in the industry

April 11, 2024 4 min read
No rice imports permitted in Sri Lanka, says State FinMin

The government reduced import tax on rice by 65 rupees for 19 days in January to encourage imports

Sri Lanka eyes speedy debt resolution at IMF/WB Spring Meetings: State Finmin

Sri Lanka has made steady progress in debt restructuring, though it was not up to the expected speed

Sri Lanka repays $1,338mn to multilateral lenders up to Feb 2024: PMD

Multilateral lender debt is serviced after a default

April 6, 2024 1 min read

Sri Lanka anticipates third IMF EFF installment by June: official

However, Sri Lanka has to first obtain consensus from the country's creditors on restructuring its debt.

April 5, 2024 2 min read

IMF says "strong expectation" on Sri Lanka deal with private creditors

Domestic debt re-structuring related to SOE debt also expected to be done soon

April 5, 2024 1 min read

Vehicles imported for Sri Lanka's tourism sector will be year-old, taxed: official

"We will allow the import of year-old vehicles, because year-old vehicles are sold at a much lower price," he said.

April 4, 2024 2 min read

South Korea to provide employment for Sri Lankans, including in seasonal work

"Possibility of short-term provision of human resources required in Korea only for the harvesting season"

April 4, 2024 2 min read

Any deviation from Sri Lanka's reform programme could jeopardise stability: minister

According to the World Bank, Sri Lanka’s economy has stabilised though poverty remains.

April 4, 2024 2 min read

Sri Lanka ready to provide Chinese enterprises preferential policies

Joint statement by Sri Lanka and China issued

April 4, 2024 9 min read

Sri Lanka poverty being addressed by Aswesuma safety net: Minister

Rise in poverty in a country that experienced negative 8 percent growth, and bankruptcy is normal, Gunawardana said

Nethmi Rajawasam
April 4, 2024 3 min read

Sri Lanka private banks unlikely to need state recapitalization

A budget for 2024 set aside 1.5-pct of GDP in allocations for possible bank recapitalization

April 4, 2024 1 min read

Sri Lanka plans to roll PAL, CESS into new customs duty band

Sri Lanka is negotiating a series of free trade agreements

April 4, 2024 3 min read
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US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
Source: Central Bank/Indicative
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Korea Won 0.2342 0.2292
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Source: Central Bank/Indicative
pts %
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CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
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3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
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Source: Central Bank/Indicative

ADB to resume Sri Lanka project financing, back PPPs under new strategy

Irrigation, education and health likely areas for project financing in the near term

April 3, 2024 1 min read

Short term pain from Sri Lanka's reforms subsiding, economy strengthening: Minister

"There was a short term pains from those reforms, and by today those pains have subsided a bit."

April 3, 2024 3 min read

Sri Lanka 2024 growth upgraded, but recovery path narrow, says World Bank

Results were already beginning to be seen, but there was unlikely to be a quick bounce back

April 3, 2024 2 min read

World Bank concerned over potential reform fatigue in Sri Lanka's election year

The concern is articularly with regard to state-owned enterprises (SOEs), a World Bank official said.

Himal Kotelawala
April 2, 2024 5 min read

Sri Lanka’s mothers should avoid foreign employment: Minister

Mothers of infants should avoid working abroad, Sri Lanka’s Minister of Women’s Affairs, Geetha Kumarasinghe, has sa...

Apsara Rodrigo
April 2, 2024 1 min read

Sri Lanka to allow import of 750 vans and 250 buses for tourism

Vans with 6–15 seating capacity, 250 buses with 6–30 and 30–45 seating capacity with no tax concessions

April 2, 2024 1 min read

Sri Lanka central bank buys $484mn from markets to Feb 2024

The central bank bought US$245.3 from banks in January 2024 and US$239.5mn in February

April 2, 2024 2 min read

Sri Lanka exporters protest rupee appreciation, forced conversion rules

Sri Lanka's central bank is operating deflationary monetary policy giving it full control of the exchange rate

April 1, 2024 8 min read

Sri Lanka optimistic about a positive outcome with bondholders: Minister

Hopeful of meeting IMF debt requirements to complete second review

April 1, 2024 1 min read

Sri Lanka’s Litro Gas cuts price on rupee appreciation, stock management

“We look at the advanced trends and then order stocks. That and the dollar appreciation has caused prices to fall.”

Apsara Rodrigo
April 1, 2024 1 min read