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Thursday April 18th, 2024
Economy

Crisis hit Sri Lanka offers support to Turkiye

The earthquake that recorded a magnitude of 7.8 has killed around 7,962 in Turkey and Syria.

February 8, 2023 2 min read

Sri Lanka talking to China to get similar assurance with other creditors: President

We are in direct discussions with China

February 8, 2023 1 min read

Sri Lanka foreign reserves rise to 2.1bn dollars in Jan 2023

Since India stopped deferring ACU payments the central bank had been able to buy dollars net from banks

February 8, 2023 2 min read

Sri Lanka may discuss changes amid progressive tax protests

High income taxes a measure to take the country out of currency crisis

February 8, 2023 3 min read
Sri Lanka will need to wait out IMF review to review taxes: official

“Regardless, the government is not prepared to work outside the framework of the IMF programme,” he added.

Sri Lanka meets IMF delegation for first review of fund facility

The inaugural meeting for the IMF's first review of the EFF programme took place at the Presidential Secretariat

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

Sri Lanka domestic borrowings exceed deficit, repays Rs352bn to foreign lenders by Oct 2020

Sri Lanka has repaid the equivalent of 352 billion rupees (about 1.9 billion US dollars) in foreign borrowings up to Oct...

February 5, 2021 2 min read

Sri Lanka giving stimulus to turmeric, grains through import controls: President

Sri Lanka is giving 'stimulus' to producers of turmeric, grains and potatoes through import controls and free fertilizer...

February 4, 2021 2 min read

Officials confirm Indian high Commissioner had “unplanned” meetings with Sri Lankan leaders

India’s High Commissioner in Colombo Gopal Baglay met President Gotabaya Rajapaksa, Prime Minister Mahinda Rajapaksa a...

February 3, 2021 2 min read

Sri Lanka suspends gazette relaxing tile imports

Sri Lanka has suspended an order issued by gazette under an import control law which allowed the import of tiles on cred...

February 3, 2021 2 min read
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Sri Lanka allows import of Sarees under 90-day credit

Sri Lanka is allowing the import of Sarees, an elaborately draped garment worn by women in South Asia, which were halted...

February 3, 2021 3 min read

Sri Lanka allows imports of tile, squatting pans on credit

Sri Lanka is allowing some tile and ceramic items including squatting pans which were banned in 2020 to be imported on 1...

February 3, 2021 2 min read

Sri Lanka to hold 55th ADB summit in May 2022; some 4,000 participants expected

Sri Lanka’s cabinet of ministers has approved a proposal to hold the Asian Development Bank’s 55th annual summit in ...

February 2, 2021 1 min read

Sri Lanka prints 505 billion rupees in 2020, bank borrowings top 11-pct of GDP

Borrowings from Sri Lanka's banking system after a tax cut at the beginning of the year and a Coronavirus pandemic had r...

February 2, 2021 2 min read

Sri Lanka Vietnam eye preferential trade deal, agri-fisheries links

Sri Lanka and Vietnam had agreed to work on a free trade deal and advance co-operation in fisheries and agriculture at a...

January 31, 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

EU asks Sri Lanka to notify import controls to the WTO

The European Union has asked Sri Lanka to notify the World Trade Organization of the import controls imposed in 2020, at...

January 31, 2021 2 min read

Sri Lanka to showcase direct and portfolio investments

Sri Lanka's Colombo Stock Exchange, the Ceylon Chamber of Commerce and the Board of Investment will host a virtual forum...

January 31, 2021 2 min read

Sri Lanka 12-month inflation down in January 2021, prices up in month

Sri Lanka's 12-month consumer inflation rose 3.0 percent in January 2021 from a year earlier in the capital Colombo, slo...

January 30, 2021 1 min read

Sri Lanka exporters should convert, rupee worth 185 to dollar: Minister Cabraal

Sri Lanka's rupee should be around 185 to the US dollar State Minister for Money and Capital Markets Nivard Cabraal has ...

Imesh Ranasinghe
January 29, 2021 5 min read

Biden policy on Sri Lanka, India driven by US hardline on China: Sally

A US hard line against Xi Jinping's China will continue under President Joe Biden, involving a 'partial de-coupling' dri...

January 29, 2021 6 min read

Sri Lanka to issue new orders under foreign exchange law

Sri Lanka will change several orders and regulations issued under the country's exchange control law, involving capital ...

January 29, 2021 1 min read

US Federal Reserve to print $120bn a month to increase inflation above 2.0-pct

The US Federal Reserve has announced a 120 billion dollar a month money printing program to inject liquidity, keep rates...

January 28, 2021 1 min read
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Sri Lanka to draft new Fossil Fuel Resource Development Act

Sri Lanka will draft a new Fossil Fuel Resource Development Act to create a new legal framework for local fossil fuel an...

Imesh Ranasinghe
January 26, 2021 2 min read

Sri Lanka cabinet approves LKR 30 billion industrial city in Katunayake

Sri Lanka’s cabinet of ministers has approved a proposal to establish an industrial city in Katunayake expected to gen...

Imesh Ranasinghe
January 26, 2021 1 min read
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COPE instructs Foreign Employment Bureau to fund repatriation of migrant workers

Sri Lanka’s Committee on Public Enterprises (COPE) has instructed the Sri Lanka Bureau of Foreign Employment (SLBFE) t...

January 26, 2021 3 min read