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Saturday April 20th, 2024
Economy

IMF contemplates loan to Sri Lanka even without China's assurances: report

President Ranil Wickremesinghe has said Sri Lanka can expect the 2.9 billion dollar IMF extended fund facility in March.

February 18, 2023 2 min read

Sri Lanka risks of losing EU trade concession over PTA – German envoy

Sri Lanka has been repeatedly asked to repeal PTA, a law governments also used to suppress dissents

February 18, 2023 2 min read

Sri Lanka opposition SJB trains guns on rival NPP in battle for middle class vote

It has been a while since the JVP last spoke of a proletariat revolution.

February 18, 2023 4 min read

Sri Lanka bakers hold bread prices after power hike on demand fall

The current prices are too high and if we increase it more it will result in further downfall of the business

February 17, 2023 3 min read
Sri Lanka’s 2022 EPF returns falls to lowest, single digit in near two decades – CB data

A central bank analysis shows EPF return could fall further if DDO is not chosen

Sri Lanka President, IMF MD discuss debt restructure, reforms

President Wickremesinghe is in New York attending the United Nations General Assembly meetings

Sri Lanka taxes frozen mackerel at Rs6.00 a kilo, kurakkan Rs70

Sri Lanka has issued a gazette notice taxing mackerel at 6.00 rupees a kilogram while taxing kurakkan at 70 rupee a kilo...

March 20, 2021 1 min read

Sri Lanka's Adani-WCT terminal is a private deal without tender, not govt-to-govt: opposition

Handing over the West Container Terminal of Sri Lanka's Colombo port to Adani group is not a government-to-government co...

March 20, 2021 2 min read

Sri Lanka overnight window borrowings spike amid reserve outflow

Sri Lanka's commercial banks have borrowed 10.5 billion rupees from the central bank's overnight window amid reserve out...

March 19, 2021 3 min read

Sri Lanka suspends forex surrender requirement

Sri Lanka has temporarily suspended a requirement imposed on banks to surrender a part of remittances and export receipt...

March 18, 2021 1 min read

Sri Lanka stocks end 1.06 -pct lower

Sri Lanka stocks fell 1.06 percent on Wednesday with selling seen in LOLC Holdings, LOLC Development Finance and Expolan...

March 17, 2021 3 min read
1

China to play central role in supporting 'CCC' rated Sri Lanka, Maldives, Laos: Fitch

China is expected to play a major role in providing financial support for 'CCC' rated borrowers, Sri Lanka, Maldives and...

March 17, 2021 2 min read

Sri Lanka GDP contracts 3.6-pct in 2020 amid Coronavirus, import substitution

Sri Lanka's gross domestic product has contracted 3.6 percent in 2020, down from 2.3 percent in 2019 amid a Coronavirus ...

March 17, 2021 2 min read

Sri Lanka GDP grows 1.3-pct in fourth quarter 2020

Sri Lanka's gross domestic product was estimated to have grown 1.3 percent in the fourth quarter of 2020 against 1.6 per...

March 17, 2021 1 min read

Sri Lanka loan from China development bank close to materializing

A loan from China Development Bank for 700 million dollar equivalent is 'close to materializing' a top official said, so...

March 16, 2021 1 min read

Sri Lanka expects to collect 125mn dollars a month from exporter surrenders

Sri Lanka expects to collect about 125 million US dollars a month from foreign exchange surrenders once efforts to track...

Chanka Jayasinghe
March 14, 2021 2 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 sugar scam saga: questionable tax changes not new, no revenue 'loss': Finance Ministry

Sudden tax changes that gave large profits to a few traders was not limited to the current administration, but had taken...

March 13, 2021 7 min read
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IMF was dragging feet in 2020, Sri Lanka provided relief in Pandemic on its own: Minister

The International Monetary Fund was dragging its feet in providing support to Sri Lanka in 2020 and the island gave reli...

March 13, 2021 2 min read

Sri Lanka mulls quota, license raj for car imports after printing money

Sri Lanka has asked vehicle importers to come up with a plan such as a quota or alternative foreign exchange financing t...

March 12, 2021 2 min read

Sri Lanka 2020 deal talks hit a snag on debt sustainability: IMF spokesman

Talks on an International Monetary Fund program in 2020 had hit a snag over policies required for debt sustainability an...

March 12, 2021 3 min read

Sri Lanka imports recover in January 2021 amid credit pick up

Sri Lanka's imports grew to 1,592 million US dollars in January 2021 as credit and economic activities recovered the hig...

March 11, 2021 3 min read

China approves US$1.5bn dollar swap for Sri Lanka: Minister Cabraal

The People's Bank of China has confirmed that a US$1.5 billion dollar equivalent swap arrangement had been approved, Sta...

March 10, 2021 1 min read

Sri Lanka's problem linked to insolvency, not liquidity: Harsha

Sri Lanka's external problem is linked to medium and long term solvency requiring debt restructuring and is not a short ...

March 9, 2021 7 min read

Sri Lanka exports down 9.6-pct in January, Brexit, lockdowns hit UK market

Sri Lanka's merchandise exports fell 9.64 per cent in February 2021, with apparel exports down 10.7 per cent and shipmen...

March 8, 2021 2 min read

Sri Lanka has US$3.5bn in external debt to repay in 2021; ISB partially owned by residents

Sri Lanka has about US$3.5 billion US dollars of foreign currency denominated debt to repay from March to December 2021,...

March 8, 2021 2 min read
1

Kenya sovereign rating downgraded to 'B' by S&P despite IMF deal

Standard and Poor's has downgraded Kenya's sovereign rating to 'B' from 'B-' despite a deal with the International Monet...

March 7, 2021 2 min read