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Tuesday April 16th, 2024
Economy

Sri Lanka plantations minister moves to increase wages for tea, rubber estate workers

"With the rise in cost of living, a fair wage must be sought with government intervention," he said.

February 9, 2023 2 min read

Thousands of Sri Lankans protest against tax hike

If the government fails to respond, the unions will bring the country to a standstill.

February 8, 2023 3 min read

Amid protests, Sri Lanka relaxes taxes partially on non-cash benefits

Tax exemptions come after a series of street protests

February 8, 2023 2 min read

Sri Lanka to lose Rs63bn if personal tax threshold doubled from US$9 a day

IMF has suggested income tax at US$4 a day.

February 8, 2023 2 min read
Sri Lanka to sign MoU with Kuwait for bilateral consultative mechanism

The memorandum of understanding will be signed on the sidelines of the UN General Assembly Sessions held in New York.

Sri Lanka's SEC approves new listing board and rules for SOEs

SEC approves creation of a separate CSE listing board and listing rules for SOEs

Western province to experience low-pressure water supply; public advised to be mindful

Sri Lanka's western province will experience low-pressure water supply in the coming days due to prevailing drought cond...

February 22, 2021 1 min read

New State Ministry of Home Affairs will control all lands

President Gotabaya Rajapaksa has issued an extraordinary gazette notification creating a State Ministry of Home Affairs ...

February 22, 2021 2 min read
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Solving Sri Lanka's debt and monetary crisis sans the IMF, like Japan, Malaysia: Bellwether

The question is often asked whether Sri Lanka do without an International Monetary Fund program. It is certainly possi...

Bellwether
February 22, 2021 11 min read
1

Sri Lanka external debt under online spotlight

Sri Lanka's external debt situation would be under the spotlight at a forum organized by Veemansa, a policy advocacy gro...

February 21, 2021 1 min read

Sri Lanka exports to Maldives fall as Covid-19 slams tourism driving import plunge

Sri Lanka's exports to Maldives fell 29 percent from a year earlier to 117 million rupees in 2020 as Coronavirus hit tou...

February 21, 2021 2 min read

Sri Lanka FDI slows to US$528mn up to Sept 2020

Foreign direct investments to Sri Lanka has fallen to 528 million US dollars up to the third quarter of 2020 down from 7...

February 21, 2021 2 min read

Sri Lanka banks to surrender 12-5-pct of export receipts to central bank

Sri Lanka's banks have been ordered to sell half of mandatorily converted export proceeds to the central bank, financial...

February 20, 2021 1 min read
2

Sri Lanka forex interventions rise to US$72mn amid credit pick-up in Jan 21

Sri Lanka forex market interventions to defend a soft-peg with the US dollar had picked up to 72.25 million dollars in J...

February 19, 2021 5 min read

Sri Lanka stocks extend gains rising 1.9-pct

Sri Lanka stocks gained 1.95 percent on Thursday continuing for the second day, pushed up by LOLC Holdings, Brown Invest...

February 18, 2021 3 min read

Police nab gang repackaging expired jumbo peanuts

Police have nabbed a group repackaging expired packets of jumbo peanuts into packets with a new expiry date printed on t...

February 17, 2021 1 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 too poor to lockdown country – Gammanpila

Sri Lanka does not have the economic strength to lock down the country because of the emergence of the new Covid 19 vari...

February 16, 2021 2 min read

Sri Lanka posts record US$2.32bn BOP deficit in 2020 with MMT

Sri Lanka has posted a 2.3 billion US dollar balance of payments deficit in 2020, down from a surplus of 377 million dol...

February 16, 2021 6 min read

Sri Lanka import controls to continue as long as BOP dictates: CB Governor

Sri Lanka will continue import controls as long as balance of payments problems persist, under an 'alternative' economic...

February 15, 2021 3 min read

Sri Lanka records current account surplus in 3Q 2020, 2021 expected: CB Governor

Sri Lanka had recorded a surplus in the external current account in the third quarter of 2020 and is expecting a margina...

February 15, 2021 5 min read

Sri Lanka in talks for US$4-5bn pipeline of swaps, credits except IMF: Central Bank

Sri Lanka is in talks for up to 5 billion US dollars of funding through swaps and loans outside of a program with the In...

February 14, 2021 3 min read

Sri Lanka in state guided market oriented economy with 1970s elements: CB Governor

Sri Lanka is following a 'guided market oriented economy' with some elements of the 1970s and pre-1990s India, which was...

February 13, 2021 5 min read
1

Sri Lanka exports down 3.5-pct in Dec 2020, but recovers from Nov fall

Sri Lanka's exports fell 3.5 percent from a year earlier to 964 million US dollars in December 2020, recovering from 16...

February 12, 2021 2 min read
1

Sri Lanka forex reserves slip to US$4.8bn in January 2021

Sri Lanka's gross official reserves were at 4.8 billion US dollars in by end January 2021 Central Bank Governor W D Laks...

February 12, 2021 2 min read

Sri Lanka economy managed in 'alternative' way, critics on wrong track: CB Governor

Sri Lanka's economy is managed through new policies in an 'alternative way' but critics are using the downturn seen in t...

February 12, 2021 4 min read
3

Sri Lanka import controls misguided; doesn’t solve the real problem: Eran

Sri Lanka's import controls which has left the economy mired in a plethora of regulations does not solve underlying econ...

February 11, 2021 3 min read
2