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Tuesday February 27th, 2024
Economy

Sri Lanka over the worst, but system change needed: President

Yet I believe that we have already gone through the worst of these times

January 1, 2023 4 min read

Sri Lanka will not hire state workers despite retirements amid IMF deal

Sri Lanka has over 1.4 million state workers for 22 million population.

December 31, 2022 2 min read

Crisis-hit Sri Lanka's govt expects not to rely on money printing in 2023 

Sri Lanka's inflation hit record high of 73% in September after money printing-led currency collapse

December 31, 2022 2 min read

Sri Lanka's egg price controls hit two generations of chicken

Price controls leads to shortage of parent birds

December 31, 2022 4 min read
Sri Lanka extends DDR closing date

The offer will now close on 11 August instead of the first announced 25 July.

Sri Lanka parliament approves controversial IMF backed central bank law

Opposition legislators call for changes to make the agency accountable

Sri Lanka passes budget for 2021

Sri Lanka's parliament passed a budget for 2021 with a super majority of 151 legislators of the 225 member assembly voti...

November 21, 2020 2 min read

Sri Lanka central banker Coronavirus positive; operations to continue

Sri Lanka's central bank said it had taken to maintain uninterrupted operations after a staff member tested positive for...

November 21, 2020 3 min read

Sri Lanka protectionism to continue, three band tariff for some

Sri Lanka will simplify import tariffs of items that are not produced locally but will keep protective tariffs on produc...

November 21, 2020 4 min read

Sri Lanka vehicle import ban threatens 100,000 jobs, tax revenues: industry group

A vehicle import ban in Sri Lanka is threatening 100,000 jobs and 350,000 dependants as well as a number of industries a...

November 21, 2020 3 min read
15

Dinesh explained why imports are restricted to EU envoys – Govt.

Sri Lanka explained that it had had to impose import restrictions due to the fall in foreign exchange income due to the ...

November 20, 2020 2 min read

European Union concerned over Sri Lanka import controls; says trade not one way street

The European Union, a key buyer of Sri Lanka exports that has also offered GSP+ benefits to the island has raised concer...

November 19, 2020 3 min read
1

Budget 2021 presents same old, failed neoliberal policies in new words: Harini

Budget 2021 presents the same old, failed neoliberal economic policies couched in new words and will only benefit a priv...

Imesh Ranasinghe
November 18, 2020 2 min read
4

Sri Lanka to charge 0.25-pct social security levy from businesses

Sri Lanka has proposed to charge a 0.25 per cent social security tax from business with more than 50-employes to support...

November 18, 2020 1 min read

Sri Lanka 2019, 2020 budget deficit data controversy hots up

Suddenly changing published data to overstating a budget deficit for 2019 and understating a deficit for 2020, flouting ...

November 18, 2020 4 min read
1

Sri Lanka offers foreign exchange carrots amid monetary instability

Sri Lanka has proposed a series of incentives to draw in black money, foreign exchange or discourage their outflow in a ...

November 18, 2020 4 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 315.8517 316.0679
UK Pound 401.4574 401.2833
Euro 343.4590 344.0649
Aus Dollar 209.1156 209.2045
Yen 2.1097 2.1124
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 to punish auditors and tax consultants, tax court planned

Sri Lanka will punish auditors and tax consultants and bar them from practicing if they prepare false tax filings, Prime...

November 18, 2020 2 min read
3

Sri Lanka units of multi-nationals offered dividend tax carrot to boost exports

Sri Lanka has offered to slash dividend taxes of multi-national firms catering to the domestic markets that increase th...

November 18, 2020 2 min read

Sri Lanka 2021 budget deficit targeted at 8.9-pct of GDP

Sri Lanka is targeting a budget deficit of 8.9 percent of gross domestic product in 2021, with revenue recovery expected...

November 17, 2020 2 min read

Sri Lanka to give amnesty to those who broke tax laws or forex controls

Sri Lanka will give an amnesty to businessmen who have hidden funds breaking tax or foreign exchange laws if the money i...

November 17, 2020 3 min read

Sri Lanka budget 2021 key tax changes and relief

Sri Lanka will give a 100,000 rupee a month tax relief for personal income tax payers who invest in government securitie...

November 17, 2020 12 min read
1

Sri Lanka to raise retirement age for EPF to 60 years for men, women

Sri Lanka will raise the retirement age for the purpose of the Employment Provident to 60 years and remove the differenc...

November 17, 2020 2 min read
10

Sri Lanka to merge small state banks into National Development Banking Corporation

Sri Lanka will merge a number of small state banks into a National Development Banking Corporation, Prime Minister and F...

November 17, 2020 1 min read

Sri Lanka to change privatization agreement of firms that do not raise salaries

Sri Lanka will change the privatization agreements of plantations companies that do not raise salaries to 1,000 rupees a...

November 17, 2020 2 min read

Sri Lanka to give Treasury guarantee for tourism Covid-19 loans, term extended

Sri Lanka will give a 50-per cent Treasury guarantee for central bank re-finance loans given to Coronavirus hit tourism ...

November 17, 2020 1 min read

Sri Lanka central bank should look at credit and liquidity in a new way: Finance Minister

Sri Lanka's central bank should look at credit and liquidity in a new way and maintain price stability with inflation a...

November 17, 2020 1 min read