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Thursday April 18th, 2024
Economy

Sri Lanka to fast-track FTA with Thailand in bid to boost exports

"The only way to mitigate this is to increase dollar income and reduce outflows."

February 14, 2023 2 min read

Sri Lanka to introduce new excise legislation replacing century-old ordinance

The proposal was first made in the 2023 Budget when it was presented to parliament by the president.

February 14, 2023 1 min read

Japan to grant 5 bn yen to Sri Lanka for public health sector fuel purchases

"The health sector is facing a huge financial crisis," the minister said.

February 14, 2023 1 min read

Sri Lanka cabinet clears bill for new monetary law

To be published in the gazette

February 14, 2023 1 min read
Sri Lanka hopes to resume road projects after debt restructuring, IMF review

Most road projects are suspended due to lack of funding after Sri Lanka declared bankruptcy

Sri Lanka debt to GDP ratio down to 106-pct of GDP in June 2023 - Corrected

The exchange rate has depreciated somewhat since June

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
1

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
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

Ghana gets first Covax delivery, Sri Lanka gets shipment as AstraZeneca asks India to make a billion...

Ghana in Africa had got the first Covax delivery from India under a global facility aimed at making Coronavirus vaccine ...

February 25, 2021 2 min read

Sri Lanka undeclared funds tax, special GST to be legislated by April: Treasury Secy

Sri Lanka tax changes announced in 2019 December and a budget for 2021 including a special goods and services tax and a ...

February 25, 2021 2 min read
1

Sri Lanka sees link between bond investment advisories and UN rights pressure

Sri Lanka saw a link between pressure to improve human rights and accountability in by a United Nations body and recent ...

February 25, 2021 2 min read

Sri Lanka central bank buying US$10mn dollars a day from market: CB Governor

Sri Lanka's central bank is buying around 10 million US dollars a day from banks from the middle of February, Governor W...

February 24, 2021 2 min read

Presidential commission to probe Sri Lanka Customs

Sri Lanka's President Gotabaya Rajapaksa had appointed a Presidential Commission of Inquiry to "evaluate the state of cu...

February 24, 2021 1 min read
1

Sri Lanka forex debt owed to non-residents only US$3.7bn in 2021: CB Governor

Sri Lanka has to repay only 3.7 billion dollars to holders of external debt in 2021 and the balance is held by resident ...

February 24, 2021 2 min read
1

Sri Lanka central bank explains 25-pct repatriation and 12.5-pct surrender requirement

Sri Lanka's central bank has said a 25 percent dollar repatriation requirement for exporter earnings and a surrender req...

February 24, 2021 4 min read

Sri Lanka appoints committees to fast track special investments

Sri Lanka has set up two committees to fast track investments and give tax breaks under under a Special Development Proj...

Imesh Ranasinghe
February 23, 2021 2 min read
1

Sri Lanka to order 13.5mn Covid-19 AstraZeneca vaccines from India, UK

Sri Lanka's cabinet of ministers had cleared the direct purchase of 13.5 million Coronavirus vaccines doses from India a...

February 23, 2021 1 min read

Sri Lanka national inflation at 3.7-pct in Jan 2021

Sri Lanka's nation-wide inflation in the 12-months to January 21 was measured at 3.7 percent, down from 4.6 percent in D...

February 23, 2021 1 min read