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Saturday May 25th, 2024
Economy

Sri Lanka to enact public finance, revenue authority laws to facilitate IMF deal

“I have already informed the Treasury to start the process. Our two state ministers [of finance] will also be involved...

April 26, 2023 2 min read

Sri Lanka in talks for US$350mnn IMF deal linked ADB loan

The loan is to provide economic stability

April 25, 2023 1 min read

Sri Lanka expects to make debt restructuring framework by May

Re-structuring debt is the biggest challenge now facing Sri Lanka

April 25, 2023 2 min read

China attempts to prove its close cooperation with debt defaulted Sri Lanka

"We are always "providing free charcoal in the snow" instead of "collecting rented-umbrellas in the rain", - CMG chief

April 24, 2023 2 min read
Sri Lanka to call RFP for value addition, upgrading of some SOEs

Most Sri Lankan minerals are mostly exported as raw materials

Sri Lanka, Italy in bilateral discussions on labour migration

Talks centred on the renewal of the bilateral cooperation on labour migration agreement between the two countries

Sri Lanka BOP deficit soars to US$2.7bn to July 2021 as bond auctions fail

Weakened credibility of the peg fires several speculative frenzies

September 14, 2021 6 min read

Nivard Cabraal says will focus on "stability first" as Sri Lanka CB Governor

I will be concentrating on stability first and growth

September 13, 2021 1 min read

Sri Lanka imports soar to 17-month high in July 2021 amid money printing, exports

Imports at pre-pandemic highs despite lack of tourism revenues

September 13, 2021 3 min read

Sri Lanka prints Rs29bn as price controls undermine bill auction

The liquidity injected however has been sucked up by a statutory reserve ratio hike

September 13, 2021 1 min read

Sri Lanka CB chief Lakshman yearns for stable rupee amid money printing

I am personally not in favour of continuous depreciation of the currency based on our own past experience

September 13, 2021 12 min read

Sri Lanka opposition objects to the planned appointment of new CB governor

Ex-state minister Wikramaratne says there are conflicts of interest

September 13, 2021 1 min read

Sri Lanka seizes rice from private traders after broken deal

Government says millers broke agreements

September 12, 2021 4 min read

Sri Lanka exchanges IMF special drawing rights for US dollars

The central bank had 132 million SDRs by the end of August

September 11, 2021 1 min read

Sri Lanka forex reserves rise to US$3,550mn after IMF SDR flow

Reserves climb US$744.8mn

September 11, 2021 2 min read

Academic turned Sri Lanka central bank chief Lakshman resigns

He promised an alternative policy framework

September 10, 2021 5 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
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 central bank governor W D Lakshman to step down on Sept 14

He was appointed on December 2019

September 10, 2021 2 min read

Nivard Cabraal "very likely" to be appointed Sri Lanka central bank Governor

Has to resign political offices

September 10, 2021 2 min read

Sri Lanka rupee revaluation to 203 dries up dollar flows, exporters brace for new controls

Authorities seek information on exporter deposits

September 9, 2021 5 min read

Sri Lanka seizes rice stocks from private mills under emergency for defying price controls

Stocks owned by Nipuna, Lathpandura, Araliya, Hiru, New Rathna and Suriya mills were seized

September 8, 2021 2 min read

Sri Lanka Finance Minister says country facing twin external and domestic crises

Revenues far below budget, deep forex crisis

September 8, 2021 7 min read

Sri Lanka banks quote Rs197/203 to the US dollar

For small value transactions

September 7, 2021 2 min read

Speculation rises over Sri Lanka central bank governor post

Reports indicated the possibility of Minister Cabraal returning to his old post

September 7, 2021 1 min read

Sri Lanka hikes import duty on onions to Rs40 per kilogram

Domestic farmers are harvesting now

September 7, 2021 1 min read

Sri Lanka should stop printing money, get IMF help; price controls a useless drama: legislator

Your monetary policy has to change, price controls will create blackmarkets

September 7, 2021 7 min read

Sri Lanka parliament passes emergency regulations to seize food stocks, warehouses

The emergency was passed convincingly with 132 legislators voting for it against 51

September 6, 2021 1 min read