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Saturday May 25th, 2024
Economy

In Sri Lanka reserve money expansion is 'proper' money printing: CB Governor

In Sri Lanka reserve money jumps the day after an SRR rate is changed

February 5, 2023 2 min read

Sri Lanka’s Litro Gas hikes cooking gas price by 7.5-pct

Litro Gas is raising fuel through a price formula every month to prevent losses and borrowings

February 5, 2023 1 min read

Sri Lanka critical on independence day, opportunity to rectify our errors: President

An opportunity not only to review our strengths and gains as a  nation but also to rectify our errors and failure

February 4, 2023 4 min read

China says it will discuss Sri Lanka debt re-structuring during two-year moratorium

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February 4, 2023 5 min read
Sri Lanka, India discuss to resume ETCA negotiations

Sri Lanka saw protests against ETCA when it was scheduled to be signed

Sri Lanka can avoid possible repeated default - State FinMin

Sri Lanka, in an unprecedented way, defaulted on its sovereign debts in April last year

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
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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
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

Covid-related relief for Private Sector employees extended until December – Cabinet Spokesman

Sri Lanka has decided to extend the agreed grace period for the payment of salaries of private-sector employees until De...

October 27, 2020 2 min read

The government is hiding bad news about the economy - Champika

The Opposition is charging that Sri Lankans have to depend on foreign sources to find out the economic data in their own...

Imesh Ranasinghe
October 26, 2020 3 min read

Sri Lanka Coronavirus surge 'serious', as Covid-19 curfews widened

Sri Lanka is continuing to send first contacts of confirmed Coronavirus patients on home quarantine pending Covid-19 PCR...

October 24, 2020 3 min read
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Sri Lanka Treasury bill yields falls below the floor policy rate

Sri Lanka's 06 and 12 month Treasury bill yield fell below the floor policy rate of 4.5 percent at Wednesday's Treasury ...

October 22, 2020 1 min read

Sri Lanka keeps policy rates unchanged amid Covid-19 spike

Sri Lanka is keeping policy interest rates unchanged in October with signs of credit picking up, and the impact of a Cor...

October 22, 2020 7 min read

Sri Lanka central bank urged to take pre-emptive action on debt

Sri Lanka's central bank has been urged to take pre-emptive action on impending debt risks in the country, by a former f...

October 21, 2020 6 min read

Sri Lanka import substitution should be temporary: economist

Sri Lanka should not extend an import control strategy beyond the short term as changes are taking place in world which ...

October 20, 2020 4 min read

Sri Lanka hires 34,000 workers in tax-payer financed job program

Sri Lanka's had started giving appointments to the first 34,000 workers in a program to hire 100,000 state workers into ...

October 19, 2020 2 min read

Sri Lanka caught between rock and a hard place: Pathfinder

Sri Lanka's will have to make reforms for longer term growth and address immediate challenges in repaying debt as the co...

October 19, 2020 8 min read

Sri Lanka GDP growth negative 4.6-pct in 2020, Bangladesh among fastest to grow: IMF

Sri Lanka's gross domestic product could shrink 4.6 percent in 2020, India would shrink 10.3 percent, Maldives 18.7 perc...

October 19, 2020 2 min read