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Thursday May 23rd, 2024
Economy

Sri Lanka consumer prices up 0.5-pct in Jan 2023, annual down to 54.2-pct

Food prices up 113-pct since overtly inflationary policy began Feb 2020.

February 1, 2023 2 min read

Sri Lanka's leading leftist alliance NPP promises tax cuts for the rich

"We will definitely reduce this tax," he said.

January 31, 2023 3 min read

Sri Lanka meets 4.0-pct primary deficit target for 2022

Combination of revenue increases and spending restraint seen

January 31, 2023 2 min read

Sri Lanka sovereign bond holders not looking for domestic hair-cut

GFN is a key target a country under an IMF deal has to bring down

January 31, 2023 4 min read
Sri Lanka’s 2022 EPF returns falls to lowest, single digit in near two decades – CB data

A central bank analysis shows EPF return could fall further if DDO is not chosen

Sri Lanka President, IMF MD discuss debt restructure, reforms

President Wickremesinghe is in New York attending the United Nations General Assembly meetings

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

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
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 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

Sri Lanka inflation at 4.0-pct in September 2020

Sri Lanka's 12-month inflation was at 4.0 percent in September 2020, slowing from 4.1 percent a month earlier, though pr...

September 30, 2020 1 min read

Sri Lanka expects US$500mn inflow to rupee bonds, US$700mn China loan in 2020

Sri Lanka is expecting a 700 million dollar loan from Chin and rupee bond purchases by China and a Samurai and Panda bon...

September 30, 2020 2 min read

Sri Lanka expects budget deficit of 9.0-pct in 2020, revenues recovering: Treasury secy

Sri Lanka is expecting the budget deficit in 2020 to reach 9.0 percent of gross domestic product and tax revenues are re...

September 30, 2020 2 min read

Sajith calls for National effort to save the country’s economy

Leader of the Opposition Sajith Premadasa is calling on all political parties to shed their differences and come togethe...

September 30, 2020 2 min read

How to improve Sri Lanka's debt sustainability: Advocata forum on Sept 30

Advocata Institute, a Colombo-based think tank will host a live forum on how to improve Sri Lanka's debt sustainability.

September 29, 2020 1 min read

Sri Lanka says Moodys sovereign rating downgrade to 'Caa1' unwarranted

Sri Lanka has said a downgrade of the sovereign rating by two notches to 'Caa1' by Moody's is unwarranted.

September 28, 2020 6 min read