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Sunday May 26th, 2024
Economy

Sri Lanka opted for some DDR to avoid further tax hikes: Minister

Trying to reach debt sustainability only by improving the primary balance worsened the socio-economic cost

April 27, 2023 2 min read

Sri Lanka workers in Middle East sending money, while more educated do not: Minister

Attempting to raise salaries of Gulf workers

April 27, 2023 3 min read

Sri Lanka exceeds IMF primary budget balance target for first quarter 2023

Primary surplus in balance, taxes up 56-pct, though a little below initial estimates

April 27, 2023 3 min read

S&P confirms Sri Lanka 'SD' sovereign rating, rupee debt outlook negative

Ratings could be lowered further if rupee debt is re-structured

April 26, 2023 11 min read
IMF could have moved faster on Sri Lanka, instead of seeking extra safeguards: ex-official

China was not formally a block to using the LIOA policy as it is called

Sri Lanka housing authority losses near Rs20bn, Rs5bn in 5-years

The cumulative loss of the NHDA is close to 20 billion rupees, with a loss of 5 billion rupees made in last five years

Sri Lanka CB announces monetary board secretary amid controversy

Previous tenors given

September 22, 2021 2 min read

IMF has a role in Sri Lanka after framework decided: Jayasundera

So if the plan is convincing, each one has a role to play in that plan

September 21, 2021 4 min read

Sri Lanka central bank Treasuries stock tops Rs1.3 trillion amid reserve losses

Rising domestic assets point to a corresponding fall in foreign assets

September 21, 2021 3 min read

World Bank Doing Business index scrapped after manipulating ranking for China, others

China's rankings had dropped to 85 from 78 before the data was manipulaed

September 21, 2021 4 min read

Sri Lanka cronies profiting from import controls, SMEs battered: Samarajiva

What we are building is a kleptocracy which will then pollute and completely distort the political processes

September 19, 2021 6 min read

Sri Lanka shortage creating agency may allow milk powder supplies to resume

New price subject to dollars given at 203 to the US dollar

September 19, 2021 3 min read

Sri Lanka gets more railway coaches from India under US$82.6mn deal

RITES will also supply two AC diesel multiple units (DMU) to Sri Lanka Railways.

September 18, 2021 1 min read

Sri Lanka anti-COVID-19 measures to cost $550 million: Jayasundera

The real cost is more

September 17, 2021 2 min read

Sri Lanka to reduce 'vulnerable' international sovereign bond holdings: Jayasundera

Our idea is not to go for any commercial borrowing

September 17, 2021 3 min read

Sri Lanka's foreign exchange reserves are still low despite IMF SDR: Moody's

However, such inflows are piecemeal and boost FX reserves only temporarily

September 16, 2021 5 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 explores green bonds for renewable energy, organic fertilizers: Jayasundera

There are so many inquiries and proposals are being put forward to raise money from green bonds

September 16, 2021 2 min read

Sri Lanka GDP grows 12.3-pct in June 2021 quarter

Recovers from a 16.4-pct fall last year

September 15, 2021 2 min read

Sri Lanka's re-appointed CB chief will tackle external challenges: P B Jayasundera

It also needs much more experienced person to manage the prevailing challenges

September 15, 2021 3 min read

Sri Lanka CB to guide markets, use tools mindful of repercussions: Governor Cabraal

I think we would from now onwards take the lead in providing guidance to markets

September 15, 2021 3 min read

Sri Lanka new CB Governor says will push for stability, consult business

A policy package in the form of a short-term Road Map soon

September 15, 2021 2 min read

Sri Lanka denies 5-pct tax on wage earner tax after 1-pct tax on undeclared funds

Not discussed in cabinet

September 15, 2021 1 min read

Sri Lanka spends US$225.5mn to defend non-credible peg in July

Another US$49.5mn was bought amid a surrender requirement

September 15, 2021 4 min read

Sri Lanka 'fingers crossed' for investment, rise in remittance, tourism: Minister Pathirana

We keep our fingers crossed and we are looking forward to receiving some investments also and foreign remittances'

September 15, 2021 3 min read

Sri Lanka to seek consultant for China DBFOT elevated expressway

The consultant will be chosen following "formal procurement methodology"

September 14, 2021 1 min read

Sri Lanka recovery framework to be launched by Advocata Institute - LIVE NOW

There is no doubt that Sri Lanka is facing a severe economic crisis

September 14, 2021 2 min read