An Echelon Media Company
Sunday May 26th, 2024
Economy

Sri Lanka state university lecturers still on strike against IMF-backed tax hike

The strike will continue till March 15.

March 10, 2023 3 min read

Sri Lanka rupee started to appreciate after surrender rule relaxed: CB official

The surender rule was slashed and completely relaxed

March 10, 2023 3 min read

Japan gives US$6.6mn in food grants after monetary instability

This support is being used to provide essential food and nutrition to communities across the nation

March 10, 2023 2 min read

Sri Lanka anti-tax protests: Unions threaten to turn "main switch" off on Mar 15

"Don't blame our doctors, our banks, our port. The government must take responsibility," said Illangasinghe.

March 9, 2023 3 min read
Sri Lanka pensioners grow to 695,726 by end September

Sri Lanka had made 253 billion rupees in pension payments up to the beginning of October

Debt defaulted Sri Lanka sees active credit cards down by 35,655 in Jan-Aug 2023

High rates, migration, lower purchasing power are cited for the drop

Sri Lanka palm oil ban would push up prices, give profits to those with stocks: Harsha

Sri Lanka's palm oil ban was a 'knee-jerk' reaction that would push up costs for consumers and businesses and would give...

April 7, 2021 2 min read

Sri Lanka may get US$800mn equivalent from IMF SDR allocation: Minister Cabraal

Sri Lanka could get up to 800 million US dollars worth reserves from the International Monetary Fund as a part of a new ...

April 7, 2021 5 min read

Sri Lanka 2021 GDP growth forecast lowered to 4.0-pct by IMF

Sri Lanka's gross domestic product in 2021 has been downgraded to 4.0 percent by the International Monetary Fund from a ...

April 6, 2021 2 min read

Many Sri Lanka expats in Lebanon who asked to return stays on

Sri Lanka's embassy in Lebanon said that 860 out of 1384 stranded Sri Lankans who had registered for an evacuation list ...

Mahadiya Hamza
April 6, 2021 1 min read

Sri Lanka part settles billion dollar Federal Reserve repo

Sri Lanka has settled half of a billion US dollar repo transaction with the Federal Reserve, executed last year official...

April 6, 2021 1 min read

Sri Lanka President knew revenues will be lost, VAT cut to remain for 5-years: Jayasundera

Sri Lanka's President Gotabaya Rajapaksa knew revenue will be lost by tax cuts but he considered it an investment, and ...

April 4, 2021 4 min read
4

Sri Lanka denies plan to delay domestic dollar loan repayments, SLDBs

Sri Lanka's central bank has denied that repayment of forex loans taken from local banks and dollar denominated domestic...

April 4, 2021 3 min read

China to pursue third country investment to Sri Lanka's Port City, Hambantota zone

China will work with Sri Lanka to bring third country investments to Colombo Port City and Hambantota Special Economic Z...

April 4, 2021 2 min read

US inflation will overshoot target, Powell delusional: Hanke

US inflation is likely to go as much as 5 percent with broad money supply beginning to grow at unprecedented rates and F...

April 3, 2021 3 min read

Sri Lanka to give US$5 grocery relief pack amid money printing

A state-run retail chain under Sri Lanka's Trade Ministry is giving a discounted grocery pack and a face mask for Coron...

April 2, 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 debt to GDP to rise to 115-pct in 2021, poverty 10.9-pct: World Bank

Sri Lanka's government debt as a share of gross domestic product is expected to rise to 115 percent in 2021 and poverty ...

April 2, 2021 5 min read

Sri Lanka to grow 3.4-pct in 2021, South Asia 7.2-pct: World Bank

Sri Lanka's economic growth will recover to 3.4 percent in 2021 and South Asia will grow 7.2 percent with Maldives to gr...

April 2, 2021 1 min read

Sri Lanka's Ceylon Electricity Board to raise Rs20bn from listed bonds

Sri Lanka's state-run Ceylon Electricity Board has been cleared to sell up to 20 billion rupees of publicly trade 5-year...

April 1, 2021 1 min read

Sri Lanka Customs checking for leaks of coconut oil with aflatoxin

Sri Lanka Customs is deploying a separate team to check whether coconut oil with higher that permitted levels of aflatox...

April 1, 2021 3 min read

Sri Lanka banks borrow Rs64bn from liquidity window, rupee below 200 to the dollar

Sri Lanka's banks borrowed 64.6 billion rupees overnight on Wednesday up from 46 billion rupees a day earlier, keeping c...

April 1, 2021 4 min read

Sri Lanka Customs probing seized coconut oil bowsers amid aflatoxin scare

Sri Lanka customs has taken into their custody two bowsers which were said to contain coconut oil, an official said amid...

April 1, 2021 1 min read

Sri Lanka's inflation picks up to 4.1-pct in March 2021

Sri Lanka's 12-month consumer price inflation accelerated to 4.1 percent in March 2021 from 3.3 percent in February amid...

March 31, 2021 1 min read

Sri Lanka opposition calls for forensic audit on midnight tax linked 'sugar scam'

Sri Lanka's main opposition has called for a forensic audit of an alleged 'sugar scam' carried out as taxes were suddenl...

March 31, 2021 5 min read

Sri Lanka to raise minimum wage

Sri Lanka will raise a monthly minimum wage by 12.5 percent and will also legislate a daily minimum wage according to a ...

March 31, 2021 4 min read

Sri Lanka unemployment spikes to 11-year high amid Coronavirus, monetary instability

Sri Lanka's unemployment has spiked to 5.8 percent in the third quarter of 2020 amid a Coronavirus crisis, and several y...

March 30, 2021 2 min read