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Tuesday April 23rd, 2024
Economy

Sri Lanka, India agree to raise ceiling on high-impact community development projects

His presence in Sri Lanka was testimony to Prime Minister Narendra Modi's Neighbourhood First policy, said Jaishankar.

January 20, 2023 2 min read

Sri Lanka expecting debt assurance from China in the near future: Minister

India this week gave debt assurance to the IMF.

January 20, 2023 1 min read

India to expand investment in Sri Lanka's energy sector, other core areas: Jaishankar

"I am confident that the gravity of the situation is realised by policymakers here,” Jaishankar said.

January 20, 2023 3 min read

Sri Lanka commercial banks repay foreign credits

Bank repayments of foreign credits will reduce the current account deficit

January 20, 2023 2 min read
Sri Lanka to tax bond profits in President's budget of many surprises?

There will be taxes on the profits made by this. That will come in the budget

Disappearing act by Keeri Samba amid Sri Lanka price controls, import curbs

“By today when Keeri Samba prices are to rise to Rs.280 to 285 the CAA will take steps to raid them.

Sri Lanka slashes onion, lentil, tinned fish, and sugar import tax to 25 cents a kilo

Sri Lanka has slashed an import tax on lentils, tinned fish and sugar to 25 cents from an earlier 50 to 100 rupees a kil...

October 14, 2020 2 min read

Sri Lanka has to be vigilant about inflation, asset bubbles as credit picks up: IPS

While money has been printed as an emergency measures amid a Coronavirus crisis, Sri Lanka has to be careful about infla...

October 14, 2020 9 min read

Sri Lanka says protectionist taxes on canned fish, sugar cut

Sri Lanka is cutting protectionist taxes on canned fish, sugar and large (Bombay) onions and dhall (lentils) the Preside...

October 14, 2020 1 min read

Prices of canned fish, Onions and sugar reduced – President’s Office

Import duties on a number of essential items have been removed to ease the prices of goods such as canned fish, sugar an...

October 13, 2020 1 min read

Sri Lanka state company to own, finance expressways

Sri Lanka will set up a state-run company to own and self-finance expressways which may require financing of around 0.5...

October 13, 2020 1 min read

Sri Lanka exports up 5.6-pct to one billion dollars in September 2020, UK up 38-pct

Sri Lanka's exports have grown 5.6 percent from a year earlier to 1.001.27 million dollars in September 2020, with expor...

October 13, 2020 2 min read

Sri Lanka to activate anti-dumping laws from October 10 amid import controls

Sri Lanka will enforce anti-dumping laws from October 10, a state gazette notice said, tightening the grip of businesses...

October 13, 2020 5 min read

Sri Lanka forex reserves drop to US$6,652mn in September 2020

Sri Lanka's gross official reserves had dropped to 6,652.8 million US dollars by the end of September 2020, from 7,430 m...

October 12, 2020 2 min read

China gives Sri Lanka RMB600mn grant after Yang Jeichi visit

China is giving a 600 million yuan grant for health care and water supply in rural areas, following the visit of politbu...

October 11, 2020 1 min read

Sri Lanka closes hospital wards over Coronavirus, 103 new Covid-19 cases, more in factories

Sri Lanka has closed three hospital wards and a threatre at the National Hospital in the capital Colombo an official sai...

October 10, 2020 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

Top China delegation to meet President and PM

A delegation from China led by ex-Foreign Minister Yang Jiechi who is a member of the politburo of the Community Party i...

October 9, 2020 1 min read

Sri Lanka GDP to shrink 6.7-pct in 2020, Maldives 19.5-pct: World Bank

Sri Lanka's gross domestic product is forecasted to shrink 6.7 percent in 2020, Maldives by 19.5 percent and India 9.6 p...

October 8, 2020 3 min read

Government to crackdown on pro-Cannabis lobby – Prime Minister

The government is taking a tough stance against those promoting the legalization of Marijuana with Prime Minister Mahind...

Imesh Ranasinghe
October 7, 2020 2 min read

Sri Lanka cabinet approves budget bill for 2021

Sri Lanka's cabinet of ministers had approved an Appropriation Bill covering the budget for the 2021 fiscal year, the st...

October 6, 2020 1 min read

MR says PM’s and President’s offices will be audited after 20A but Auditors’ Union disagrees

Prime Minister Mahinda Rajapaksa is saying that the offices of the President and the Prime Minister will continue to be ...

Imesh Ranasinghe
October 5, 2020 3 min read

Sri Lanka slaps Rs300 import tax on moulded and beaded bamboo

Sri Lanka has slapped 300 rupee per kilogram tax on moulded bamboo used in construction, according a government gazette...

October 3, 2020 1 min read

Sri Lanka repays billion US dollar sovereign bond

Sri Lanka has repaid a billion US dollar sovereign bond falling due this week, the central bank said with the country u...

October 3, 2020 2 min read

Port City, BOI and TRCSL among bodies brought under the President

Sri Lanka’s Board of Investment, the Colombo Port City Project and several other institutions which are in the Nationa...

October 2, 2020 2 min read
1

Sri Lanka launches countrywide E-waste collection project

Post offices around the country will collect E-waste starting from October 5 to October 11 to prevent harmful materials ...

Imesh Ranasinghe
October 1, 2020 2 min read

Sri Lanka says economy recovering with exceptional Coronavirus control

Sri Lanka's domestic economic coming back to pre-Covid-19 levels with exceptional Coronavirus control while exports are ...

October 1, 2020 2 min read