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Sunday July 25th, 2021

Sri Lanka exports up 9.4-pct in June 2021

US, UK, Germany leads

3 min read

Sri Lanka disputes Moody's downgrade warning

Action is ill-judged and un-acceptable says Finance Ministry

3 min read

Sri Lanka 'Caa1' sovereign rating on downgrade review by Moody's

Low forex reserves

3 min read

Sri Lanka's central bank 'saves' US$27mn in forex reserves

CB held T-bill stock sold down by Rs5.6bn after bill auction

3 min read

Some Sri Lanka firms could be hit on import controls as reserves fall: Fitch

Import substitution firms to benefit, essential goods may be neutral

Sri Lanka liquidity down amid reserve outflows, overnight rates edge up

Overnight rates highest since July 2020 rate cut but below ceiling rate

Sri Lanka banks are not rationing LCs for intermediate goods: Deputy CB Governor

Banks will consider their cashflows before issuing LCs

2 min read

Sri Lanka encourages local firms to buy cheap sovereign bonds

Half the money has to be placed in dollar denominated SLDBs

3 min read

Sri Lanka discussing import controls of selected items: CB Governor

They are still at discussion level

2 min read

21-hour water cut in parts of Colombo on Saturday (10); plant capacities to be increased

Colombo  01, 02, 03, 07, 08, 09, 10, and 11 will see water supply interrupted for 21-hours from 9:00 AM Saturday (10).

Mahadiya Hamza

1 min read

Sri Lanka central bank studying hike in 25-pct exporter dollar conversion rule

Cabinet decision has asked for a study

3 min read

Sri Lanka 2021 first quarter growth would be better than expected: CB Governor

Expects reserves to improve

1 min read

Sri Lanka central bank keeps rates unchanged as inflation rise, BOP in deficit

Flexible policy to continue

6 min read

Sri Lanka issues gold and silver coins for Communist Party of China anniversary

Gold coin to be sold at Rs 222,000

1 min read

Sri Lanka will repay bonds, holders should appreciate efforts made: Cabraal

IMF programs impose un-acceptable costs

2 min read

China top lender to Sri Lanka up to April 2021

ADB, World Bank second

2 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 199.9000 199.9019
UK Pound 273.9929 273.5957
Euro 235.8120 235.9142
Aus Dollar 147.0165 146.9979
Yen 1.8150 1.8253
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6842 2.6681
Korea Won 0.1736 0.1740
Oman Rial 519.2343 519.2392
Saudi Riyal 53.2910 53.2972
UAE Dirham 54.4220 54.4232
Source: Central Bank/Indicative
pts %
S&P SL20 3,095.09 0.43%
CSE All Share 8,068.33 0.57%
Turnover Rs million. 4,885,333,805.80 3,078,656,097.55
Source: CSE
Latest Last
3-m bill 5.13 5.11
6-m bill 5.16 5.15
12-m bill 5.21 5.20
5-yr bond 7.34 7.33
8-yr bond 7.88 7.86
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.00 5.00
Gilt Repo 5.00 5.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka 2016-2017 cash subsidy reduced fertilizer use but not yield: Minister

Imports were 400,000 tonnes in 2016 compared to 900,000 in 2019

Imesh Ranasinghe

2 min read

Sri Lanka starts process to turn undisclosed assets white with 1-pct tax

The cabinet had cleared a proposed bill to put the plan into effect.

1 min read

Sri Lanka government bank overdraft soars to Rs620bn

By July window borrowings were also up

3 min read

Sri Lanka's July sovereign bond; arrangements in place to settle: CB

To maintain unblemished record in debt repayments

2 min read

World Bank helps Sri Lanka buy 5mn Coronavirus vaccines, oxygen concentrators

800,000 Pfizer vaccines included

2 min read

Sri Lanka's Perpetual linked W M Mendis to re-start alcohol production: report

Owes billions in taxes to IRD and Excise Dept

1 min read

Sri Lanka budget deficit up to April 2021 at 3.2-pct of GDP, exceeds revenue

Over 200 billion rupees printed to generate US$929mn BOP deficit

4 min read

Sri Lanka following John Law, rupee debauched in MMT: legislator

Same dead rope given to King Louis given to this country

8 min read

Sri Lanka has no need to raise rates as yet, following alternative to IMF: Minister Cabraal

Rates can be raised if inflation picks up

3 min read

China-backed Port City act could be Sri Lanka's Nanjing treaty: former finance minister

“It will be a centre for international money laundering for the local and international mafia."

10 min read