An Echelon Media Company
Thursday April 18th, 2024
Economy

Paris Club, Hungary says provided Sri Lanka debt assurances, urges China to follow

Says Saudi Arabia will also provide assurances soon

February 7, 2023 4 min read

Paris Club members agree to negotiate Sri Lanka debt restructure: president's office

The Paris Club members urged other official bilateral creditors, including China, to do the same, the statement said.

February 7, 2023 1 min read

Sri Lanka's rising political risks amid uncertain polls, IMF deal drag 

Sri Lanka sees new political risks since its sovereign debt default

February 7, 2023 6 min read

Sri Lanka exporters looking for diversified markets ahead of global recession

Five markets are showing potential including Canada, India, China, Australia, and Japan.

February 7, 2023 3 min read
Sri Lanka COPF chair urges IMF to prioritise accountability, transparency as review begins

The FT story was on a lawsuit filed by the US government in the first week of September.

Sri Lanka to sign MoU with Kuwait for bilateral consultative mechanism

The memorandum of understanding will be signed on the sidelines of the UN General Assembly Sessions held in New York.

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
1

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
1

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
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 closes forward forex market

Sri Lanka has barred commercial banks from selling or buying foreign exchange for three months as the currency came unde...

January 25, 2021 2 min read

Sri Lanka excess liquidity down in Rs100bn correction

Excess liquidity in Sri Lanka's money markets, which was driven up to around 20 percent of reserve money under modern mo...

January 25, 2021 5 min read

Sri Lanka excess liquidity drops ahead of dollar bond repayment

Sri Lanka's excess liquidity in money markets, generated mostly from unprecedented money printing triggering forex short...

January 21, 2021 1 min read

Sri Lanka forex support on 'non-interventionist' basis, no IMF talks yet: CB Governor

Sri Lanka is seeking foreign exchange support from partners who willing to help on a 'non-interventionist' basis and ne...

January 20, 2021 2 min read

Sri Lanka GDP to grow 6-pct in 2021: Central Bank

Sri Lanka's gross domestic product is projected to grow 6.0 percent in 2021 recovering from a 3.9 percent slump in 2020...

January 19, 2021 1 min read

Sri Lanka China RMB swap may come in weeks, India in the works: Central Bank

A 10 billion yuan swap (about 1.5 billion US dollars) with the People's Bank of China could be concluded as early as two...

January 19, 2021 1 min read

Government’s decision to award the Adani group the ECT terminal is positive

By explaining his decision in a straightforward manner, and carrying it out, President Rajapaksa has shown leadership in...

Dr. Jehan Perera - Executive Director National Peace Council
January 19, 2021 6 min read

Sri Lanka central bank keeps policy loose amid negative forward fx premiums

Sri Lanka's central bank said it was holding its policy corridor at the current 4.5 to 5.5 percent amid negative forward...

January 19, 2021 2 min read

Gotabaya must stay the course on attracting foreign investment – Mangala

The government when they were in Opposition encouraged certain elements to attack us saying we were traitors selling the...

January 18, 2021 2 min read
5

Sri Lanka aims for 3,300 arrivals per day as airports open; PCR tests at hotels prior to check-in

Sri Lanka hopes to receive on average 3,300 passengers per day when it opens up the airports for tourists from January 2...

January 18, 2021 2 min read
1