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Thursday February 22nd, 2024

Sri Lanka starts rage room to vent frustrations as economic crisis bites

"The rage room was introduced as an addition to the leisure and entertainment market."

February 7, 2023 2 min read

Sri Lanka to re-base CCPI and NCPI indices

New base years for both indices

February 7, 2023 1 min read

Sri Lanka to close 55 project offices, suspend others to cut costs

Due to the current situation we cannot maintain, and salaries of the staff is above average in these offices

February 7, 2023 1 min read

Sri Lanka exporters foxed as severe monetary instability hits Pakistan

Net foreign assets of SBP also negative

February 7, 2023 4 min read
Sri Lanka to lease loss-making Channel Eye airtime to Lyca group

“At the moment it is making losses and cannot even pay the electricity bill.”

Sri Lanka raised fuel prices to strengthen economy, rupee: President's office

CPC owes banks Rs652bn, CEB Rs85bn

June 13, 2021 3 min read

Losing GSP+ will spell disaster for Sri Lanka's economy: former PM Wickremesinghe

"In the face of the danger that has arisen, the GSP+ must not be politicised."

June 13, 2021 3 min read

Sri Lanka CB did not approve luxury SUV imports for MPs: Governor

It is a difficult question to justify

June 13, 2021 3 min read

Sri Lanka 2021 May foreign reserves drop to US$4,018mn

Sri Lanka's forex reserves have been on a steady downward path from around August 2019

June 12, 2021 2 min read

Sri Lanka diplomats should help keep GSP+ going: Central Bank Governor

CB is also working on measures

Imesh Ranasinghe
June 11, 2021 3 min read

Sri Lanka 2021 GDP growth target lowered to below 5.0-pct: CB

Inflation to be with target

June 11, 2021 1 min read

Sri Lanka expects US$400mn swap from Reserve Bank of India in August: CB Governor

Bangladesh swap proceeding rapidly

June 11, 2021 1 min read

Sri Lanka can continue to control imports: Central Bank

There are goods that can be made in the country that is better than the foreign ones

June 11, 2021 1 min read

Sri Lanka net forex reserves fall to 33-pct of reserve money

The slide had been relentless since September 2014

June 11, 2021 4 min read

US inflation hits 5.0-pct in May 2021 amid money growth

Consumer Inflation hits highest level since 2008

June 10, 2021 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 316.8174 317.1692
UK Pound 401.8873 400.7585
Euro 344.4463 343.1934
Aus Dollar 210.0421 208.9952
Yen 2.1235 2.1199
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
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
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka private workers bear Covid-19 shock with wage cuts, state workers get salary hikes

As soon as private sector activities were curtailed, economies collapsed around the world

June 10, 2021 4 min read

Sri Lanka hikes limit on borrowing by treasury guarantees to 15-pct of GDP

By end 2020, Treasury guarantees already issued totalled Rs1.34 trillion

June 9, 2021 2 min read

Sri Lanka to vaccinate all by early 2022, facilitate growth: Army chief

“The resilience in a pandemic is essentially the resilience in the economy too."

June 8, 2021 11 min read

Sri Lanka urges private firms to borrow offshore; free forex cover from central bank

Companies could also pledge assets to non-residents and issue corporate guarantees

June 7, 2021 3 min read

Sri Lanka will make bullet repayment in sovereign bond in July: President's Secy

Foreign debt including private loans had fallen to US$54.8bn from US$49.2bn

June 7, 2021 1 min read

President Rajapaksa's speech at Sri Lanka Investment Forum 2021 - full text

Invites investment to Colombo Port City, energy, information technology, agriculture

June 7, 2021 7 min read

Sri Lanka 2021 budget deficit revised up to 9.5-pct of GDP

A Coronavirus third wave is further slowing the economy

June 2, 2021 2 min read

Sri Lanka's inflation rise to 4.5-pct in May, foods up 9.9-pct

Index up 1.1-pct during the month

June 1, 2021 1 min read

Sri Lanka sovereign rating confirmed at CCC+ by S&P, warns on macro-policy

An increase in domestic liquidity will also pressure the exchange rate

May 31, 2021 10 min read

No decision yet on extending Sri Lanka's unofficial lockdown: army chief

But it may be decided at any point until then, Army Commander Gen Shavendra Silva said.

Chanka Jayasinghe
May 31, 2021 2 min read