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Sunday May 26th, 2024
Economy

Sri Lanka issues Rs1,000 coin, Rs50 stamp to mark 75-years of self-determination

Commemorative coin available for sale from March 2023

February 2, 2023 1 min read

Sri Lanka gets 102,000 tourists in January 2023

Russia, UK, India and Germany remain the top three source markets since 2022.

February 2, 2023 1 min read

Sri Lanka firms target agro exports with German backing

International Green Week draws over 400,000 visitors

February 2, 2023 2 min read

US wants to see credible, specific assurances from China for Sri Lanka's IMF deal 

The top US State Dept official said what China has offered so far is not enough.

February 2, 2023 2 min read

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
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

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

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