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Saturday June 3rd, 2023

Sri Lanka CB Governor doing an extremely good job in dire times: Coomaraswamy

No request has been made to return to the central bank

May 25, 2022 1 min read

Sri Lanka's new finance minister faces challenge of winning back international confidence

“What the international community is looking for is long-term policy credibility and sustainability."

May 25, 2022 9 min read

No new loans for Sri Lanka without proper economic plan: World Bank

Until an adequate macroeconomic policy framework is in place, the World Bank does not plan to offer new financing

May 25, 2022 1 min read

Sri Lanka to save US$2.3bn, pay US$900 to multilaterals in next six months

Senior creditors, central bank obligations to be serviced

May 25, 2022 4 min read
Sri Lanka new CB law to cabinet soon as IMF prior action

The law will also make macro-prudential surveillance formally under the bank.

Sri Lanka supermarket sales up in Coronavirus panic buying

Sri Lanka's supermarket sales have shot up amid after a few new cases of Coronavirus were reported in the country, but o...

Mahadiya Hamza
March 14, 2020 3 min read

What will result from the surprise economic stimulus

Three leaders discuss how the stimulus package impacts their businesses, the economy and consumers..

March 14, 2020 9 min read

Sri Lanka pharma firms say no shortage of drugs, not to panic buy

Sri Lanka's pharmaceuticals firms said there is no shortage of drugs in the country and urged the public not to engage i...

March 13, 2020 2 min read

Govt can use Active Liability Management Act to borrow- Harsha

Former MP Harsha De Silva is saying that the government can take advantage of historically low interest rates to take th...

March 11, 2020 2 min read

No reason to delay reducing fuel prices: JVP

The government has failed to decrease fuel prices when it could’ve easily matched the dramatic drop in prices globally...

March 11, 2020 2 min read

Sri Lanka bank credit to state surge in January 2020, private loans muted

Sri Lanka' credit to government from commercial banks had surged to 147.8 billion rupees in January 2020, up from 34.4 b...

March 10, 2020 2 min read

Sri Lanka forex reserves rise to US$7.9bn in Jan 2020 before rate cut, profit transfer

Sri Lanka's forex reserves had grown to 7,948 million US dollars in January 2020, from 7512 million US dollars ahead of ...

March 9, 2020 2 min read

Sri Lanka hires 45,000 graduates in costly fallout from state university crisis

Sri Lanka has announced that 45,585 graduate mainly from state universities who failed to get a job in productive secto...

March 8, 2020 3 min read

Sri Lanka in talks with China for US$1,000mn, RMB2000mn 10-year loans: Minister

Sri Lanka's cabinet has given the nod to negotiate 10-year US dollar and Renminbi denominated loans from China Developme...

March 8, 2020 1 min read

Without female engagement, Sri Lanka’s Growth will sputter

In Sri Lanka, 73.6% of working-age men are in the labour market but only 36.6% of working-age women. This 37% gap betwee...

March 8, 2020 14 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 283.8763 290.6745
UK Pound 352.3039 358.1710
Euro 302.2424 309.9647
Aus Dollar 183.5776 188.4064
Yen 2.0303 188.4064
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5400 3.5935
Korea Won 0.2216 0.2248
Oman Rial 759.5857 770.5802
Saudi Riyal 77.9716 79.1149
UAE Dirham 79.6253 80.7822
Source: Central Bank/Indicative
pts %
S&P SL20 2,470.42 2.02 %
CSE All Share 8,668.40 1.59 %
Turnover Rs million 1,335,527,883 575,340,332
Source: CSE
Latest Last
3-m bill 24.64 24.60
6-m bill 24.24 24.36
12-m bill 22.37 22.36
5-yr bond 24.98 24.79
8-yr bond 23.82 23.16
Source: Central Bank/Indicative
today yesterday
Overnight Money 14.00 16.50
Gilt Repo 14.00 16.50
I-m SLIBOR - -
Source: Central Bank/Indicative

China exports plunge 17.5-pct on coronavirus epidemic

China's exports plummeted in the first two months of this year on the back of a coronavirus epidemic that forced busines...

March 7, 2020 3 min read

Sri Lanka expects apparel orders to recover; Coronavius hit on exports US$500mn in 2Q

Sri Lanka is expecting to lose 500 million US dollars of apparel exports from March to June 2020, as an outbreak of Cor...

Mahadiya Hamza
March 7, 2020 4 min read

Red tape hinders registration of small businesses in Sri Lanka: think tank

Red tape is hindering the registration of small businesses at Divisional Secretariats in Sri Lanka, oppressing the poor ...

March 6, 2020 2 min read

Sri Lanka expects 3.5-4.0-pct GDP growth in 2020: CB Governor

Sri Lanka is expecting 3.5-4.0 percent growth in gross domestic product in 2020, amid a hit from Coronavirus while infla...

March 6, 2020 1 min read

Sri Lanka excess liquidity spike in Feb from central bank profit transfer

A steep jump in excess liquidity in Sri Lanka's interbank money markets came from a transfer of profits from the central...

March 6, 2020 2 min read

Big Onions to cost more

ECONOMYNEXT-The Finance Ministry has increased the minimum guaranteed price of the government for big onions from Rs 60 ...

March 6, 2020 1 min read

Sri Lanka to subsidise pipe-borne water connections for 150,000 low-income houses

Sri Lanka plans to connect 150,000 new houses to pipe borne water in the first two quarters of 2020 by lowering initial ...

March 5, 2020 1 min read

Sri Lanka to execute an action plan to boost access to finance

Sri Lanka will execute an action plan to expand access to banking, payment services, insurance and pensions, co-cabinet ...

Imesh Ranasinghe
March 5, 2020 1 min read

Sri Lanka to set up state real estate holding company for Hilton, Hyatt, GOH

Sri Lanka will set up a holding company owned by the Treasury, Bank of Ceylon and Sri Lanka Insurance Corporation to con...

March 5, 2020 1 min read

Sri Lanka could finalize billion dollar plus China loan within weeks

Sri Lanka is making good progress with a loans of more than a billion US dollars loan from China Development Bank, which...

March 5, 2020 1 min read