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Saturday March 2nd, 2024
Economy

Shock revelations on Sri Lanka ministers' electric defaults

Ministers overstay at official residences for years, some are now dead

December 15, 2022 2 min read

Fed hikes rates by 50bp with US inflation at 7.1-pct

US inflation came in at 7.1 percent in November

December 15, 2022 3 min read

More Sri Lankans make up less as economic crisis takes its toll on beauty industry

Beauty has slid down the priority list for many as expenditure skyrocketed due to dollar shortage

December 14, 2022 3 min read

Vietnam forex troubles show that Sri Lanka cannot fix BOP problems with exports: Kabir

So the problem is not simply increasing exports, but doing the correct monetary policy

December 14, 2022 5 min read
Sri Lanka adds wheat flour to license raj

License fee of 0.1-pct of shipment value

Sri Lanka tax body warns evaders; explores actions

Voluntary opening of tax files has hardly worked in Sri Lanka, says IRD chief

Sri Lanka eyes more exports to China, mulls re-activating FTA talks

Sri Lanka is eying more exports to China in the Covid-19 era by participating in an import fair in the country and also ...

August 29, 2020 2 min read

Sri Lanka parliament passes vote-on-account for Aug-Dec 2020

Sri Lanka's parliament passed a vote-on-account authorizing the spending of 949.7 billion rupees from August to December...

August 28, 2020 1 min read

Opinion: Treat roadbuilding in Sinharaja with caution

The road that connects Neluwa to Deniyaya is mired in controversy, with many questions being asked about the development...

Kshama Ranawana
August 28, 2020 8 min read

Sri Lanka's last administration also printed money: Minister Cabraal

Sri Lanka's last administration had also printed money almost from the time they started in 2015, though now charges are...

August 28, 2020 3 min read

Government violated the Constitution by passing Votes on Account without Parliament - Harsha

The Main Opposition Samagi Jana Balavegaya (SJB) says the government should admit it violated the constitution when it a...

August 27, 2020 2 min read
2

Sri Lanka to call contractors for Rs6bn flyover in Colombo

Sri Lanka will call bids from domestic contractors shortly to build a flyer in the Slave Island area of the capital Colo...

August 27, 2020 1 min read
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Sri Lanka cabinet approves changes to tax laws

Sri Lanka's cabinet of ministers had approved changes to a series of tax laws proposed by Prime Minister and Finance Min...

August 27, 2020 1 min read
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Sri Lanka export agency to help get US and EU approval for Covid-19 nanotech

Sri Lanka's Export Development Board said it getting ready to help get approval from US and EU medical regulators for C...

August 27, 2020 1 min read

'Business facility unit' to expand Sri Lanka's coconut market globally

Sri Lanka’s Coconut Development Authority (CDA) will set up a business facility unit at the Coconut Processing Researc...

Chanka Jayasinghe
August 26, 2020 2 min read

Gotabaya says “turn Samurdhi recipients into micro-entrepreneurs”

President Gotabhaya Rajapakse has said that poverty and social inequality can be lessened by launching new avenues of re...

August 25, 2020 2 min read
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Latest Last
US Dollar 314.2362 315.2986
UK Pound 398.6683 401.0482
Euro 341.7333 343.3195
Aus Dollar 206.6758 207.9088
Yen 2.1003 2.1051
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 comfortable repaying foreign debt, sovereign bond in 2020

Sri Lanka has see no difficulties repaying foreign debt 2020, including a billion dollar sovereign bond, with only 2.5 b...

August 25, 2020 2 min read

Sri Lanka egg output, export opportunity hit by maize import ban, collector oligopoly

Sri Lanka's egg production has been hit with a maize import ban and a powerful collector oligopoly driving up maize pric...

August 24, 2020 3 min read

Sri Lanka seeks parliament nod for Sept-Dec 2020 vote-on-account

Sri Lanka has submitted a draft vote-on-account or mini budget to parliament seeking approval to spend 949.76 billion ru...

August 23, 2020 1 min read

Advocata commends the launch of E-registry for businesses

Advocata is commending the decision taken by the Department of Census and Statistics (DCS) to launch an e-registry porta...

August 22, 2020 2 min read

Sri Lanka hikes import tax on potatoes

Sri Lanka has hiked the tax on imported potatoes to 55 rupees a kilogram with effect from August for four months, a Fina...

August 22, 2020 1 min read

Sri Lanka to reactivate export development council of ministers

Sri Lanka's newly appointed trade minister Bandula Gunewardene had said he would revive an Export Development Council of...

August 22, 2020 1 min read

Sri Lanka's Sanken gets offshore finance for construction imports amid trade controls

Sri Lanka's Sanken group said it has secured offshore import financing facility suported by Hatton National Bank and Peo...

August 21, 2020 2 min read

Sajith sees a gap between Gotabaya's goals and the plans to achieve them

The Leader of the Opposition Sajith Premadasa says there is a huge gap between the goals laid out in the President’s p...

August 21, 2020 1 min read
1

Sri Lanka statistics office under pressure to show higher economic growth numbers

Sri Lanka's central bank will start discussions with the Department of Census and Statistics after it reported a 1.6 per...

August 21, 2020 2 min read

Sri Lanka import competition controlled, crops banned, fish should be halted: President

Sri Lanka has already controlled imports competing with businessmen, farmers were protected, re-export of exportable pro...

August 21, 2020 2 min read