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Saturday June 3rd, 2023

SriLankan Airlines owes CPC US$300mn, but no arrears from 2019: Minister

During the past two years they have paid for all the supplies made

May 24, 2022 2 min read

Sri Lanka should privatize SriLankan Airlines fast: Advocata

The national carrier has racked up losses of 372 billion rupees since management control

May 24, 2022 2 min read

Sri Lanka Treasury cash shortfall Rs5.6bn a day: Minister

Revenues at Rs4bn expenses are Rs9.6bn

May 24, 2022 2 min read

Sri Lanka seeks US$500mn credit from India

India has already given US$700mn

May 24, 2022 1 min read
Sri Lanka inflation expectations said to be "very high": ex-CB Governor

The central bank has started to bring inflation under control

Sri Lanka will widen foreign exchange trading band gradually: CB Governor

We will be gradually relaxing the band, once we start getting inflows

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
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

Sri Lanka trade, tourism, remittances to be hit by Coronavirus: Central Bank

Sri Lanka's exports, imports, tourism and overseas remittances would be hit by an ongoing outbreak of novel Coronavirus ...

March 5, 2020 3 min read

Sri Lanka's central bank keeps rates unchanged in Feb amid Coronavirus fallout

Sri Lanka's central bank kept its policy rates unchanged in February 2020 saying credit was starting to pick up, but war...

March 5, 2020 8 min read

Sri Lanka's merchandise exports down 7-pct in January 2020, services up: EDB

Sri Lanka's merchandise exports fell 7.4 percent from a year ago to 961.2 million US dollars in January 2020, though ser...

March 4, 2020 1 min read

Federal Reserve cuts key interest rate due to virus risk

The US Federal Reserve announced an emergency rate cut Tuesday, responding to the growing economic risk posed by the cor...

March 3, 2020 1 min read

Sri Lanka hikes tax on fish imports

Sri Lanka has hiked a tax on imported fish to 150 rupees a kilogram from 100 rupees or 10 percent of the value, the fin...

March 3, 2020 1 min read

Sanjaya Mohottala made head Board of Investment of Sri Lanka

Sanjaya Mohottala, has assumed duties as the Director General of Sri Lanka's Board of Investment, the state investment p...

March 3, 2020 1 min read

Sri Lanka apparel exporters see orders slashed as Coronavirus spread to markets in Europe

Apparel exporters in Sri Lanka, already battered by disruptions of raw materials from China which may trigger factory cl...

Mahadiya Hamza
March 3, 2020 3 min read

Sri Lanka climbs in misery index in 2019 after currency collapse

Sri Lanka's economic misery has increase in 2019, according to an annual global index compiled by a Johns Hopkins econo...

March 2, 2020 3 min read

Sri Lanka hotels given more time to pay tourism tax

Sri Lanka's hotels, which were given till January 2020, to pay a tourism tax for 2019, after the industry was hit by sui...

February 29, 2020 1 min read

President wants greater scrutiny of Public Accounts

President Gotabaya Rajapaksa is calling on the Public Accounts Committee (PAC) of Parliament to grade all government ins...

February 29, 2020 2 min read