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Tuesday April 16th, 2024
Economy

Ceylon Chamber of Commerce calls for public support for Sri Lanka IMF programme

“The country cannot afford any pauses in the programme, or returning for an 18th program with the IMF."

March 22, 2023 3 min read

Sri Lanka President seeks parliament nod for creditor negotiations

The approval will be needed by the third week of April

March 22, 2023 1 min read

Sri Lanka to adjust wages and pensions to inflation: President

But this adjustment will be done within the limits of a primary deficit

March 22, 2023 1 min read

Sri Lanka central bank buys US$950mn amid negative credit so far 2023

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March 22, 2023 2 min read
Sri Lanka EPF, ETF to be brought under independent board

Employees’ Provident Fund (EPF) and Employees’ Trust Fund will be brought under one board, the president told parlia...

Sri Lanka poverty to rise to 27.9-pct in 2023: World Bank

Poverty reduction could resume from 2024 and continue in 2025

Sri Lanka central bank still not decided on possible Zimbabwe-style parastatal facility

Cabinet had decreed 4-pct loans for government and semi-government agencies

August 20, 2021 4 min read

Sri Lanka Central Bank helping clear containers stuck at port without forex: Governor

It is not the best method

August 20, 2021 3 min read

Sri Lanka 'official' exchange rate unchanged CB Governor says, amid parallel prices

Parallel exchange rates around 230 or higher

August 19, 2021 3 min read

Sri Lanka to keep Treasury auction ceiling yields: CB Governor

Small increases have been seen weekly

August 19, 2021 2 min read

Sri Lanka expects US$200mn Bangladesh swap in tranches from this week

Money to come in three tranches

August 19, 2021 2 min read

Sri Lanka to put ceilings on exporter dollar deposit rates

To reduce incentive to hold dollars

August 19, 2021 2 min read

Sri Lanka chamber chief suggests policy reforms

We as a nation we must also make sure that we are investor friendly

Mahadiya Hamza
August 19, 2021 5 min read

Sri Lanka hikes policy rate 50bp, SRR up 200bp as forex reserves run low

Reserves at 1.8 months, net reserves lower

August 19, 2021 8 min read

Sri Lanka to import Pakistan rice, establish mills after failed price stability efforts

Local consumers still pay higher prices amid rice shortage speculations.

August 18, 2021 2 min read

Sri Lanka small businesses lockdown town centres; TUs issue ultimatum

Trade associations in several towns have shuttered shops for a week

August 18, 2021 4 min read
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Latest Last
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
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 inks deal for RMB2.0bn loan from China Development Bank

Third tranche of a US$1.2bn equivalent facility

August 17, 2021 1 min read

Sri Lanka rupee non-credible peg breaks to 211-215 to US dollar

Most domestic banks are selling dollars at around 211 rupees

August 17, 2021 3 min read

Sri Lanka opposition calls for self-imposed Coronavirus lockdown

Over 6,000 deaths

August 16, 2021 2 min read

Sri Lanka hikes de facto policy rate by 05bp for second time

Rate taken up to 5.38-pct

August 16, 2021 2 min read

Sri Lanka state techs oppose private testing labs at airport

Questions why PCR prodcurements are delayed

August 14, 2021 2 min read

Sri Lanka foreign reserves drop to US$2.83bn after bond repayment, liquidity injections

Reserves fall below 2 month of imports but PBoC swap is worth another month

August 14, 2021 3 min read

Sri Lanka June 2021 imports, trade deficit hit 3-year high as injections defeat controls

Output gap targeting of 2018, turned to full blown modern monetary theory in 2020.

August 13, 2021 3 min read

Sri Lanka's Jat Holdings closes below IPO price as inflation bites building material firms

Several building material firms have shown weaker results amid rising costs and a lockdown

August 13, 2021 2 min read

Sri Lanka's EPF public counters closed over Covid

Services provided over email and telephone

August 12, 2021 2 min read

Sri Lanka FinMin to direct state firms to borrow at 4%: cabinet spokesman

Sri Lanka’s treasury is facing a daunting task of generating funds to meet the government’s day-to-day expenses.

August 10, 2021 1 min read