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Saturday July 20th, 2024
Economy

Sri Lanka's SJB opposes sale of strategic SOEs, wants competition

“Our foremost objective is to provide the best service at the lowest price to the consumer," the MP said.

May 9, 2023 5 min read

Sri Lanka EU to discuss GSP+ in 2024 at Joint Commission meeting

Sri Lanka and the European Union will discuss GSP+ trade benefits from 09 May onwards.

May 9, 2023 2 min read

World Bank warns Sri Lanka of worsening poverty amid IMF adjustments

Poverty has already doubled last year with higher inflation and rising unemployment.

May 8, 2023 3 min read

USAID to provide technical assistance for Sri Lanka's energy reforms

The government has defended its moves to restructure loss-making state-owned enterprises (SOEs).

May 8, 2023 2 min read
Namal takes on opposition for supporting Sri Lanka's 2019 tax cut

Main opposition which is now criticizing a tax cut in 2019 was part of a parliament that endorsed them unanimously,

Sri Lanka must use court verdict to recover stolen assets: CBK

"Citizens can go to court and seek punishment and compensation,” she said.

Sri Lanka will repay bonds, holders should appreciate efforts made: Cabraal

IMF programs impose un-acceptable costs

July 7, 2021 2 min read

China top lender to Sri Lanka up to April 2021

ADB, World Bank second

July 7, 2021 2 min read

Sri Lanka 2016-2017 cash subsidy reduced fertilizer use but not yield: Minister

Imports were 400,000 tonnes in 2016 compared to 900,000 in 2019

Imesh Ranasinghe
July 6, 2021 2 min read

Sri Lanka starts process to turn undisclosed assets white with 1-pct tax

The cabinet had cleared a proposed bill to put the plan into effect.

July 6, 2021 1 min read

Sri Lanka government bank overdraft soars to Rs620bn

By July window borrowings were also up

July 6, 2021 3 min read

Sri Lanka's July sovereign bond; arrangements in place to settle: CB

To maintain unblemished record in debt repayments

July 6, 2021 2 min read

World Bank helps Sri Lanka buy 5mn Coronavirus vaccines, oxygen concentrators

800,000 Pfizer vaccines included

July 5, 2021 2 min read

Sri Lanka's Perpetual linked W M Mendis to re-start alcohol production: report

Owes billions in taxes to IRD and Excise Dept

July 5, 2021 1 min read

Sri Lanka budget deficit up to April 2021 at 3.2-pct of GDP, exceeds revenue

Over 200 billion rupees printed to generate US$929mn BOP deficit

July 5, 2021 4 min read

Sri Lanka following John Law, rupee debauched in MMT: legislator

Same dead rope given to King Louis given to this country

July 4, 2021 8 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 has no need to raise rates as yet, following alternative to IMF: Minister Cabraal

Rates can be raised if inflation picks up

July 2, 2021 3 min read

China-backed Port City act could be Sri Lanka's Nanjing treaty: former finance minister

“It will be a centre for international money laundering for the local and international mafia."

July 2, 2021 10 min read

Sri Lanka tightens capital controls, outflows from forex accounts capped

Blanket approvals taken off for outward investments

July 2, 2021 4 min read

Sri Lanka updates EU on terror revision ahead of GSP+ monitoring mission

EU had raised concerns over rule of law

July 1, 2021 5 min read

Sri Lanka rupee quoted at 225/226.50 to US dollar in kerb market amid money printing

In the formal market trading curbs and unofficial rationing has reduced supply of dollars to match printed money

July 1, 2021 4 min read

Sri Lanka bakers plan to increase bread prices by Rs10: report

Key mill has said wheat prices would be raised by 18 rupees

July 1, 2021 2 min read

Sri Lanka inflation rises to 5.2-pct in June, food prices up 11.3-pct

Foods rise 3.9-pct in the month

June 30, 2021 1 min read

Construction begins on 39-acre, Rs 1.5 bn bird park in Colombo, Sri Lanka

A private sector investor was selected for the project, the urban development ministry said.

Imesh Ranasinghe
June 30, 2021 2 min read

Sri Lanka rupee dollar parallel markets step in amid money printing, forex curbs

Parallel exchange markets had developed officially and unofficially in money printing non-credible pegged regimes

June 30, 2021 5 min read

Sri Lanka to get US$150mn Coronavirus vaccine loan from ADB

Credit will support refrigeration and related facilities

June 30, 2021 1 min read