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Sunday May 26th, 2024
Economy

Sri Lanka sovereign bond holders write to the IMF

Raises matter relating to domestic debt restructuring and economic assumptions

February 3, 2023 4 min read

Paris Club communicates on Sri Lanka debt re-structuring with IMF: report

India was the first to give acceptable debt assurances to the IMF

February 3, 2023 2 min read

Sri Lanka sees booming e-commerce amid constraints - report

Mistrust over payment and lack of knowledge on online transaction have been barriers for e-commerce

February 2, 2023 2 min read

Sri Lanka to promote Ramayana sites to attract Indian tourists

There will be more tourists to visit Ramayana sites in the future than Buddhist places in the country. 

February 2, 2023 2 min read
Sri Lanka has to give quick service, look after investors: Minister

The Board of Investment has to provide quick service to foreign investors and look after them

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
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 wants to renew US$1.5bn equivalent RMB swap as standby facility: Minister Cabraal

Sri Lanka has started talks on renewing a 10 billion yuan swap with China (about 1.5 billion US dollars) to be used as a...

October 19, 2020 1 min read

Sri Lanka state retailer Lanka Sathosa appoints ex-army major as CEO

Lanka Sathosa Limited, a loss-making state-run retail chain has appointed a retired army major as its chief executive of...

October 18, 2020 2 min read

Sri Lanka to delay second quarter GDP data to December amid Coronavirus

Sri Lanka's statistics office has said it would not release second quarter gross domestic product data until December 20...

October 18, 2020 2 min read

Sri Lanka's DIMO, NTB link up finance pre-owned Mercedes, Jeep cars amid import controls

Dimo, the agents for Mercedes-Benz and Jeep in Sri Lanka said it was teaming up with Nations Trust Bank to help lease bo...

October 18, 2020 2 min read

Sri Lanka approves Rs178bn central bank re-financed bank credit, breaking limit

Sri Lanka has approved 178 billion rupees of credit through commercial lenders mostly through re-financed by the central...

October 17, 2020 2 min read

Sri Lanka manufacturing, services pick up September 2020 before new Covid-19 cluster: PMI

A Purchasing Managers' Index of 59.8 for September 2020 showed manufacturing activities rising 1.9 points faster rate th...

October 16, 2020 2 min read

Sri Lanka cannot alienate other creditors and solve debt problems with only China: Harsha

Sri Lanka's cannot alienate other creditors and solve its debt problem by banking on China alone, with sovereign bond in...

Imesh Ranasinghe
October 15, 2020 3 min read

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