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Saturday April 20th, 2024
Economy

Sri Lanka Chamber urges IMF to proceed, China to give full debt assurances

The Ceylon Chamber would like to urge the IMF to consider the assurances received thus far

February 12, 2023 3 min read

Sri Lanka to settle contractor arrears with bonds in cash crisis

Bonds to be settled with allocations in 2024, 2025 and 2026

February 12, 2023 1 min read

Sri Lanka's egg producers grumble over forced price reduction

Egg prices jumped to as high as 70 rupees in December

February 11, 2023 2 min read

Sri Lanka worker remittances jump in January after record labour migration

Foreign workers shifted to black market to send their remittances from Dec 2021 after CB kept rupee artificially up

February 11, 2023 2 min read
Report sought on Sri Lanka dam, tunnel safety after tremors

Assessment of the current safety conditions of all reservoirs, lakes, dams and water-carrying tunnels

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 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
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

Highway project over Thalangama wetlands put on hold - CEA Chairman

Work on the second phase of the New Kelani Bridge (NKB) to Athurugiriya Elevated Highway Project will be put on hold unt...

Kshama Ranawana
February 11, 2021 5 min read
3

Ethiopia in debt restructuring, downgrade after printing money, despite low deficit

Ethiopia had been downgraded to 'CCC' from 'B' by Fitch Ratings after it applied for 'Paris Club' debt relief having pri...

February 11, 2021 4 min read
1

Sri Lanka to buy 18mn Covid-19 vaccines, India says regulator independence should be respected

Sri Lanka is planning to order 18 million vaccines as part of efforts to protect up to 60 percent of the population as I...

February 11, 2021 3 min read
1

Sri Lanka to eyes re-negotiating trade deals amid import controls

Sri Lanka has given the nod for the Ministry of Trade to examine ways of re-negotiating existing free trade agreements a...

February 10, 2021 3 min read

Top German companies renew their commitment to Sri Lanka

Delegation of German Industry and Commerce in Sri Lanka said that a record 176 German companies have pledged their commi...

February 9, 2021 2 min read

Sri Lanka confirms India has objected to power projects given to China on Northern islands

Co-Cabinet Spokesman Keheliya Rambukwella confirmed that the Sri Lankan government has received complaints from the Indi...

February 9, 2021 2 min read
3

Sri Lanka should consider an IMF deal, pre-emptive debt re-profiling: Pathfinder

Sri Lanka should consider an agreement with the International Monetary Fund and pre-emptive extensions of capital and i...

February 8, 2021 4 min read

Sri Lanka repays US$400mn India swap, extension requires IMF deal

Sri Lanka has repaid a 400 million US dollar swap line from the Reserve Bank of India after six months, as an agreement ...

February 5, 2021 2 min read

Sri Lanka stocks up 0.6-pct with Hayleys units, ceramics

Sri Lanka stocks rose 0.60 percent, with several Hayleys stocks re-gaining momentum after an earlier sell-off and cerami...

February 5, 2021 3 min read

Sri Lanka to maintain fixed prices on 27 essential goods, subject to forex rates and taxes for some ...

Sri Lanka will reduce and maintain fixed prices prices of 27 essential commodities for three months starting February 8,...

Imesh Ranasinghe
February 5, 2021 2 min read