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Thursday June 8th, 2023

Sri Lanka food shortfalls, high prices feared after open account, DA/DP ban

Food suppliers have been willing to extend credit to local importers due to strong relationships spanning generations

May 20, 2022 2 min read

Fitch downgrades Sri Lanka bonds to Default, sovereign rating to RD

Cross default clauses triggered

May 20, 2022 6 min read

Sri Lanka still rated 'Ca' by Moody's after default, signaling recovery rate of 35-65-pct

Delays is fiscal reforms can reduce the recovery rate

May 19, 2022 4 min read

Sri Lanka IMF discuss macro-fiscal plan, Finance Minister needed for policy sign-off

Debt advisors expected to be appointed by the cabinet soon

May 19, 2022 4 min read
Sri Lanka aims foster parents system for 40,000 children to face malnutrition

The number of malnourished children is on the rise due to Sri Lanka's economic crisis.

Sri Lanka DDR uncertainty premium too high: CB Governor

We have a better understanding how we can treat domestic debt, what are the classes of debt

Some development projects being re-negotiated - Bandula

Co-Cabinet Spokesman Bandula Gunawardena said today that some development projects that are under way have been put on h...

February 13, 2020 1 min read

Sri Lanka looking into taxpayer top up for mandated estate wage hike: Minister

Sri Lanka's taxpayer support may be extended to supplement a state mandated wage hike to workers of plantations plantati...

February 13, 2020 2 min read

Sri Lanka tax payers to get relief for shares, housing interest, pensions, education

Sri Lanka's personal income tax payers will get relief up to 1.2 million rupees a year for investments in stocks and sec...

February 13, 2020 2 min read

Sri Lanka apparel exporters eye regional supply chain management

Sri Lanka's apparel industry has the capacity to expand into offshore supply chain management for their customers and bu...

Mahadiya Hamza
February 13, 2020 2 min read

Sri Lanka's EPF members to receive SMS alerts

Sri Lanka will set up a mechanism to update Employees' Provident Fund members of their monthly transactions via SMS, the...

February 13, 2020 1 min read

Sri Lanka taxes, economy to pick up from 2020 2H, deficit 7.5-pct of GDP: Treasury Secy

Sri Lanka's state revenues will pick up in the second half of 2020, as tax cuts and lower interest rates expand disposab...

February 13, 2020 3 min read

Sri Lanka program expires June 02, interest in 'range of options' later: IMF

A final review of Sri Lanka's existing program with the International Monetary Fund happen in April, if there is enough ...

February 13, 2020 2 min read

Govt to woo high-end tourists to hit USD 10 bn revenue target by 2025

Government Media Spokesman Keheliya Rambukwella said that the government intends to develop the tourism industry to earn...

Imesh Ranasinghe
February 12, 2020 2 min read

Sri Lanka firms keen to meet international standards: EU

Sri Lanka is keen to meet international standards required by the General System of Preferences (GSP) Plus program, alth...

February 12, 2020 2 min read

Concerns that Sri Lanka tax changes may violate democratic principles, defy Supreme Court order

Concerns have been raised that a series of tax changed by cabinet decree without parliamentary consent may violate a rec...

February 12, 2020 4 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 285.6164 283.8763
UK Pound 353.8887 352.3039
Euro 304.1967 302.2424
Aus Dollar 187.2054 183.5776
Yen 2.0304 2.0303
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5460 3.5400
Korea Won 0.2234 0.2216
Oman Rial 759.2190 759.5857
Saudi Riyal 77.9349 77.9716
UAE Dirham 79.5868 79.6253
Source: Central Bank/Indicative
pts %
S&P SL20 2,494.26 0.28%
CSE All Share 8,766.60 0.15%
Turnover Rs million 1,335,527,883 1,335,527,883
Source: CSE
Latest Last
3-m bill 24.37 24.64
6-m bill 24.00 24.24
12-m bill 22.03 22.37
5-yr bond 24.67 24.98
8-yr bond 23.33 23.82
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 firms told not to deduct any PAYE, WHT tax; refund Jan collections

In the latest twist to Sri Lanka's fluctuating taxes the Department of Inland Revenue which earlier raised the threshold...

February 12, 2020 2 min read

Sri Lanka withholding tax removal may increase taxes of some payers

Some tax payers may end up paying a higher 18 percent tax on interest income after withholding tax deduction of 5 percen...

Mahadiya Hamza
February 11, 2020 2 min read

Negative rating stances on Sri Lanka worrying, but will improve with next budgetary cycle: CB Govern...

Cuts by rating agencies in the outlook of Sri Lanka's sovereign rating to negative in 2019 was worrying but ratings wil...

February 11, 2020 2 min read

Sri Lanka may start talks on a new IMF deal 'later on': CB Governor

Sri Lanka may start talks with the International Monetary Fund for a new program, Central Bank Governor W D Lakshman sai...

February 11, 2020 2 min read

Sri Lanka imports to fall in 2020, external account to improve: CB Governor

Sri Lanka will see a slow improvement in external accounts, trade deficit will continue to fall in 2020, and there will ...

February 10, 2020 1 min read

Govt will crack down on businesses not passing tax cut benefits to consumers

Legal action will be taken against businesses which do not pass on the benefits of tax cuts to VAT and other tax relief ...

February 10, 2020 1 min read

Sri Lanka asks debt moratorium from India: report

Sri Lanka's Prime Minister Mahinda Rajapaksa has asked for three year debt moratorium from India, a media report said.

February 10, 2020 2 min read

Sri Lanka GDP to grow 3.7-pct in 2020, with limited hit from Coronavirus: IMF

Sri Lanka's gross domestic product growth is expected to increase to 3.7 percent in 2020, with a limited fallout from th...

February 10, 2020 3 min read

Sri Lanka will grow old before getting rich

Sri Lanka will become old before getting rich as the country's population declines from 2030, dragging down growth, an A...

February 9, 2020 3 min read

Sri Lanka cabinet clears laws to remove debt repayment levy

Sri Lanka's cabinet of ministers had cleared changes to the Finance Act that are required to remove the Debt Repayment L...

February 9, 2020 1 min read