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Thursday April 18th, 2024
Economy

Sri Lanka industry down in January, services improve slightly: PMI

Tourism helps boost services, though retail trade down

February 16, 2023 2 min read

Fitch downgrades Pakistan to CCC amid monetary instability

Pakistan is in an IMF program but has so far failed

February 15, 2023 10 min read

IMF to meet creditors of Sri Lanka, other debt troubled nations: report

"Aims to address the current shortcomings in debt restructuring"

February 15, 2023 2 min read

Sri Lanka to ban seven single use plastic items from June 

The production, import and distribution of the items will be prohibited from June 01, 2023

February 14, 2023 1 min read
Sri Lanka President World Bank chair discuss South Asian energy interconnection

Ranil Wickremesinghe has discussed ongoing economic reforms and sector growth plans with World Bank

Report sought on Sri Lanka dam, tunnel safety after tremors

Assessment of the current safety conditions of all reservoirs, lakes, dams and water-carrying tunnels

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

Sri Lanka places sweetened milk and cream on 2.5-pct para-tariff band

Sri Lanka has placed sweetened milk and cream on a 2.5 percent band of an import para-tariff known as the Port and Airpo...

March 6, 2021 1 min read
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Sri Lanka, Pakistan seeks expanded trade ties after PM visit

Sri Lanka and Pakistan is hoping for expanded trade ties in the wake of a visit by Prime Minister Imran Khan, by making ...

March 5, 2021 2 min read

Sri Lanka GDP to grow 3.0-3.5-pct in the first quarter

Sri Lanka's gross domestic product could grow between 3.0 to 3.5 percent in the first quarter of 2021, Central Bank's Di...

March 5, 2021 2 min read

Sri Lanka directed credit plans in the oven

Sri Lanka's main monetary policy tool to promote growth in Sri Lanka are low interest rates and liquidity in the banking...

March 5, 2021 3 min read

Light Rail Project: Maharagama to be linked to the network

Prime Minister Mahinda Rajapaksa has asked that the Urban Development Authority (UDA) include the city of Maharagama in ...

March 5, 2021 3 min read
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Sri Lanka forex reserves at US$4.6bn in February 2021

Sri Lanka's forex reserves were estimated at 4.6 billion US dollars in February 2021, down from 4.8 billion a month earl...

March 4, 2021 1 min read

German biz chamber in Sri Lanka launches simplified exporters guidelines for local exporters

The German Industry and Commerce (AHK Sri Lanka) together with United National Industrial Development Organization launc...

March 4, 2021 3 min read

Sri Lanka central bank to keep 'historically low' interest rates amid BOP deficits

Sri Lanka will maintain low interest rates, the central bank's rate-setting Monetary Board said in its March monetary po...

March 4, 2021 7 min read

Sri Lanka Parliament instructs CBSL to come up with a plan to help entrepreneurs

The Parliamentary Committee on Public Finance (CPF) has asked the Central Bank of Sri Lanka (CBSL) to come up with an in...

March 3, 2021 3 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 rupee quoted weaker at 195/199 levels in one-week forwards

Sri Lanka’s rupee opens weaker at 195/199 levels to the US dollar in the one-week forwards market on Wednesday while b...

March 3, 2021 1 min read

Vietnam REER ignored by IMF buoying US Mercantilists as Sri Lanka rupee falls

Washington-based International Monetary Fund has claimed that the external position of Vietnam was too strong and appear...

March 3, 2021 7 min read

Sri Lanka quarterly income tax payments rebounds to exceed 2019 level: Treasury Secy

Sri Lanka's quarterly income tax filed for the 2020 last final quarter had exceeded the 2019 number, despite lower rates...

March 2, 2021 4 min read
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Opposition complains to regulator, People's Bank chief says followed procedure

The main opposition Samagi Jana Balavegaya (SJB) has lodged a complaint against the head of People’s Bank for granting...

March 1, 2021 2 min read
1

Sri Lanka rupee plunges as car registrations collapse under import controls

Sri Lanka rupee has fallen from 186 to around 194 to the US dollar in January 2021 as new car imports and registrations ...

March 1, 2021 2 min read

China's AIIB clears US$180mn Covid-19 credit for SMEs: Sri Lanka embassy

China's Asian Infrastructure Investment Bank (AIIB) has cleared a 180 million dollar credit for Coronavirus hit small an...

February 27, 2021 1 min read

Sri Lanka to grow 3.6-pct in 2021, deficit could reach 10.8-pct: ICRA

Sri Lanka's economic growth would recover to 3.6 percent in 2021, from a contraction in 2020, while the budget deficit m...

February 26, 2021 1 min read

Sri Lanka inflation at 3.3-pct in Feb 2021

Sri Lanka's inflation in the capital Colombo has picked up to 3.3 percent in January 2021 from 3.0 percent in December,...

February 26, 2021 1 min read
1

Sri Lanka targeting US$32bn inflows to repay debt: Minister

Sri Lanka is expecting 32 billion US dollars in inflows from exports of goods and services and financial inflows and out...

February 26, 2021 3 min read
1

Sri Lanka, Pakistan discuss cross-investing forex reserves in government bonds: Minister

Sri Lanka and Pakistan had discussed the possibility of cross-investing foreign reserves in each others' sovereign bonds...

February 25, 2021 3 min read
1