An Echelon Media Company
Sunday June 26th, 2022
Economy

Sri Lanka fuel queue death toll rises to 12; latest victim 19 years old

The eleventh death was that of a 63-year-old man inside his vehicle on Thursday (23).

June 24, 2022 2 min read

Crisis-hit Sri Lanka finally starts to deal with bloated public sector

"There is no way we can go ahead with the current public sector. The ideal size is 500,000."

June 24, 2022 3 min read

IMF's talks with Sri Lanka must also focus on corruption, aid diversion: Mark Malloch-Brown

The IMF must put the issue on the agenda during their visit, he said.

June 24, 2022 2 min read

Sri Lanka monetary meltdown: Steve Hanke on currency boards and flawed pegs

Views of Milton Friedman, Robert Mundell and how John Greenwood and Alan Walters set up the Hong Kong currency board

June 24, 2022 26 min read
Sri Lanka tightens legal tender, limits foreign currency possession

Central Bank of Sri Lanka has the right to initiate actions against persons who hold foreign currency in possession

US Treasury, State Department officials to visit Sri Lanka

The visitors will meet with a wide range of political representatives, economists, and international organizations

Sri Lanka protestors in human chain against President, PM as currency crisis bites

Protests beginning to gather pace as petrol, diesel shortages threaten to bring the country to a standstill

Dulya de Silva
June 19, 2022 6 min read

Sri Lanka CPC pays rupees to Treasury for Indian credit line

Losses absorbed by the Treasury

June 19, 2022 2 min read

Crisis-hit Sri Lanka's fuel shortage forces closure of schools, largest state university 

Fuel crisis hits education institutions.

June 19, 2022 1 min read

Sri Lanka's inflated car prices plunge as interest rates rise

Vehicles advertised on-line were quoted at about a million rupees less than a month ago

June 18, 2022 2 min read
1

IMF team in Sri Lanka from June 20-30; reaffirms support within its policies

IMF team visits following the visit of debt restructuring advisors.

June 18, 2022 1 min read

Sri Lanka sees more boat people events as economic crisis worsens

Police sources said most of the illegal Sri Lankan migrants are aiming to make it to Australia.

June 17, 2022 4 min read
1

Sri Lanka stocks down in mid-day trade

All Share Price Index was down 135.63 points to 7,569.64 at 1142 hours.

June 17, 2022 1 min read

Sri Lanka economy grinding to a halt as monetary meltdown bites fuel imports

Passenger transport, goods transport hit

Chanka Jayasinghe
June 17, 2022 6 min read
1

Sri Lanka to import 50,000MT of rice under Indian credit line signed in March

The Indian credit line was signed in March for the purchase of food and medicines.

June 16, 2022 2 min read

Sri Lanka fuel queues claim two new deaths, taking total to 10

The country has been reporting commodity queue deaths since April 28.

Mahadiya Hamza
June 16, 2022 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 367.1686 367.3982
UK Pound 452.6187 451.8938
Euro 388.4167 389.8979
Aus Dollar 255.6136 255.4851
Yen 2.7395 2.7267
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.6108 4.6159
Korea Won 0.2772 0.2772
Oman Rial 935.8320 937.3904
Saudi Riyal 96.0211 96.1836
UAE Dirham 98.0915 98.2549
Source: Central Bank/Indicative
pts %
S&P SL20 2,470.19 1.59%
CSE All Share 7,651.19 1.26%
Turnover Rs million 1,245,549,656 1,102,192,667
Source: CSE
Latest Last
3-m bill 21.20 21.45
6-m bill 21.88 22.16
12-m bill 22.51 22.77
5-yr bond 20.38 20.79
8-yr bond 20.46 20.49
Source: Central Bank/Indicative
today yesterday
Overnight Money 14.50 14.50
Gilt Repo 14.50 14.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Crisis management roadmap for MP input on the way, Sri Lanka PM tells key MPs

By Thursday (16) afternoon, transport has been all but crippled.

June 16, 2022 2 min read
1

Sri Lanka manufacturing PMI up in May, services continue down

Manufacturing recover from April holiday

June 16, 2022 2 min read

Fed hikes rates 75bp as Powell Bubble pushes up food prices hurting the poor

Blames Russia and Ukraine

June 16, 2022 2 min read

US' DFC lends USD120 mln for crisis-hit Sri Lanka's SME sector

Sri Lanka's MSME sector is hit hard by the ongoing economic crisis.

June 15, 2022 2 min read
1

Debt advisors in Sri Lanka, IMF team on June 20: PM

Hopes to raise more taxes

June 14, 2022 1 min read

Sri Lanka state workers to get 5-year no pay leave in soft-peg collapse

Public administration circular to be issued shortly

June 14, 2022 2 min read

Sri Lanka state offices shut on Fridays for home garden leave

Currency crisis has triggered forex shortages

Dulya de Silva
June 14, 2022 2 min read

Sri Lanka cabinet approves 2.5-pct turnover tax

Government is struggling to find money to pay state workers

June 14, 2022 1 min read
1

Sri Lanka pegs rupee in both directions in May 2022 amid 'float'

Surrendered dollars reduce in May

June 14, 2022 3 min read
1

Crisit-hit Sri Lanka sees unusual spike in new passports issued

One day services now costs 15,000 rupees, with the original prices revised back in July 2020.

Neshella Perera
June 13, 2022 2 min read
1