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Monday February 26th, 2024
Economy

SriLankan Airlines halts coupon payments on bond

The bond has a sovereign guarantee

December 29, 2022 1 min read

Bad loan provisions erode Sri Lanka banks' profit amid looming domestic debt restructuring

Banking sector likely to collapse if government decides for domestic debt restructuring-analysts

December 28, 2022 4 min read

Sri Lanka minister mulls paths of self-sufficiency or economic freedom for 2023

Out of 1645 items which under import bans after 2020 monetary instability, 795 have been removed

December 25, 2022 3 min read

Sri Lanka President calls for a giving Christmas in deepest ever currency crisis

In the country’s current unprecedented economic crisis, it is important for the people to assist each other

December 24, 2022 2 min read
Gate keeping and status quo bias in monetary reform explained to Sri Lanka by top economist

Sri Lanka to legalize money printing for growth again in new law

Sri Lanka water tariff hike to unlock $200 mln ADB fund for budget support - minister 

Sri Lanka's economic crisis has shut down the doors for commercial fundings

Sri Lanka to have special GST tax, investment relief for bonds, stocks

Sri Lanka will have a special goods and services tax (GST) for vehicles, cigarettes and alcohol Prime Minister and Finan...

November 17, 2020 2 min read
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Sri Lanka budget 2021 -LIVE blog

Sri Lanka is presenting a budget for 2021 amid challenges to take the country on path of industrialization, agriculture...

November 17, 2020 2 min read

Private-sector style Labour Laws for State Sector – Cabinet spokesman

The government will go ahead with a plan to introduce laws to resolve employee disputes in the State Sector which will b...

November 17, 2020 1 min read

Sri Lanka to present budget for 2021 amid Coronavirus, revenue challenges

Sri Lanka's Prime Minister and Finance Minister Mahinda Rajapaksa will present a budget for 2021 amid weak revenues from...

November 17, 2020 2 min read

Sri Lanka 2020 budget deficit projected at 7.9-pct of GDP, 2019 gap re-stated up

Sri Lanka has re-stated a budget deficit for 2019 an already published number of 6.8 percent of gross domestic product t...

November 16, 2020 4 min read

Sri Lanka buys US$48mn from forex markets in Oct

Sri Lanka's central bank has bought 49 million US dollars from foreign markets in October 2020 to maintain a pegged exch...

November 16, 2020 1 min read

World's largest trade deal (RCEP) signed in Vietnam as Sri Lanka controls imports

Economic ministers from ten Association of South East Asian Nations and five other partners inked a Regional Comprehensi...

November 15, 2020 3 min read

Sri Lanka bans export of scrap iron, copper, aluminium, stainless steel, zinc

Sri Lanka has banned the export of scrap iron, copper, aluminium, stainless steel, high carbon steel, brass, zinc and co...

November 15, 2020 1 min read
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Government has blatantly violated the Constitution by presenting this Appropriations Bill – Sumant...

Opposition Member of Parliament M A Sumanthiran is accusing the government of “blatantly violating the Constitution”...

November 13, 2020 4 min read

Sri Lanka exports fall 14.9-pct on Covid-19 flare up, UK shipments surge

Sri Lanka's merchandise exports fell 14.9 percent from a year earlier to 831.7 million dollars in September 2020, as a C...

November 13, 2020 2 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 hikes Treasury guarantees to 15-pct of GDP

Sri Lanka is hiking Treasury guarantees to 15 percent of gross domestic product, or about 330 percent of the original li...

November 13, 2020 4 min read

Sri Lanka repays US$4.2bn in foreign debt without defaulting in 2020: PM

Sri Lanka has repaid 4.2 billion US dollars in foreign debt falling due and avoided sovereign default, Prime Minister an...

November 12, 2020 1 min read
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State Engineering land for Manning Market; Civil Defence Force to assist

The government is looking to allocate land owned by the State Engineering Corporation for the proposed relocation of the...

Imesh Ranasinghe
November 12, 2020 2 min read
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Opposition charges that the government has spent money without Parliamentary approval

The government presented a budget for the year 2020 today in Parliament in a historic first where Parliament will have t...

November 12, 2020 2 min read

Sri Lanka's RR-Senok gets Rs5.3bn fishery harbour deal

Sri Lanka has awarded a 5.36 billion rupee contract to build a fishery harbour to a joint venture made up RR and Senok ...

November 11, 2020 1 min read
2

Sri Lanka to give Strategic Development Project tax breaks for pharma zone

Sri Lanka will provide tax relief under the Strategic Development Project Act for a 400-acre pharmaceutical investment z...

Imesh Ranasinghe
November 10, 2020 1 min read

Sri Lanka imports pick up as credit, exports recover

Sri Lanka's imports have picked up as exports and credit started to recover with September 2020 imports rising to 1.52 b...

November 10, 2020 4 min read

Sri Lanka plastics exports up 400-pct in September 2020 driven by PPE

Sri Lanka's exports grew 3.6 percent to 774.5 million dollars in September 2020 with apparel export falls made up by per...

November 9, 2020 2 min read

Sri Lanka private credit up, state credit surge in September 2020

Sri Lanka's private credit grew by 87.4 billion rupees in September 2020, expanding for the second month in a row, short...

November 9, 2020 2 min read

Sri Lanka forex reserves drop to US$5.8bn after bond repayment

Sri Lanka's forex reserves dropped 807.8 million dollars in October 2020 to 5,578.5 million dollars as the island repaid...

November 9, 2020 1 min read