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Sunday May 26th, 2024
Economy

Sri Lanka hopes to ease medicine shortages as more supplies come in

And we have placed orders for 862 pharmaceuticals and 1,596 surgical items

February 6, 2023 3 min read

Sri Lanka Transport Board expansion will reduce passengers, says private bus grouping

SLTB plans to include 500 more buses from through an India credit line in 2023 and so far 125 buses have been added.

February 6, 2023 1 min read

Sri Lanka to address SME tax problems at first opportunity: State Minister

VAT and SSCL are effectively paid by customers, but the SSCL is a cascading tax that makes running businesses difficult.

February 5, 2023 1 min read

Sri Lanka revenues Rs158.7bn in Jan 2023 up 51-pct

In January 2022 total revenues were Rs104.5 billion according to central bank data.

February 5, 2023 1 min read
Sri Lanka govt warns liquor manufacturers: pay defaulted tax or lose licence

Liquor manufacturers owe 6.6 bln rupees excise tax, penalty for govt

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
1

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
1

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
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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 triples Maldive fish tax, dried fish doubled as Covid-19 fears hit fisheries

Sri Lanka has tripped a tax on Maldive fish imported from its South Asia neighbour and also raised a tax on fresh fish 3...

Mahadiya Hamza
November 5, 2020 1 min read
1

Future Covid 19 lockdowns unlikely - General Shavendra Silva

The government will most likely cease locking down areas as a measure to prevent the spread of the Covid 19 virus, the h...

Arjuna Ranawana
November 5, 2020 3 min read

Sri Lanka slaps price controls on rice

Sri Lanka has slapped price controls on several varieties of rice as price spiked amid import controls and a Coronavirus...

November 5, 2020 1 min read

Sri Lanka extends deadline to file income returns as Coronavirus spikes

Sri Lanka has extended a last date to file income tax returns without a penalty to February 28, 2020, the Department of ...

November 5, 2020 1 min read

Sri Lanka says allocated Rs7.3bn for Coronavirus curfew relief

Sri Lanka has allocated 7.3 billion rupees to provide food for families in home quarantine and poor families in curfew b...

November 4, 2020 1 min read

Sri Lanka to study feasibility doubling state oil refinery capacity

Sri Lanka's state-run Ceylon Petroleum Corporation has been given the nod to study the feasibility of expanding its refi...

November 4, 2020 1 min read

Sri Lanka economy to shrink 1.7-pct in 2020: Central Bank

Sri Lanka's gross domestic product is projected to shrink 1.7 percent in 2020, and recover to a 5.0 percent growth in 20...

November 1, 2020 2 min read

Sri Lanka can service external debt, domestic to foreign loan ratio improved: Cabraal

Sri Lanka has the ability to repay foreign debt and the ratio of domestic to foreign debt is now more favourable, State ...

October 31, 2020 6 min read

Sri Lanka state agencies in Coronavirus-risky towns under work-from-home: President's office

Sri Lanka state agencies in the Western Province and key towns declared as vulnerable are required to operate under 'wor...

October 30, 2020 3 min read

China has helped us but we are not caught in a debt-trap GR tells Pompeo

Sri Lanka has been assisted by China in its post-war reconstruction efforts but is not caught in a debt-trap President G...

October 28, 2020 3 min read