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Monday June 24th, 2024
Economy

Sri Lanka firm finds low income tax rates in countries with monetary stability: analysis

Generally higher rates in countries with monetary instability : analysis

February 20, 2023 4 min read

Sri Lanka economic confidence still negative, govt approval low in Feb 2023: survey

Dis-satisfaction up

February 20, 2023 1 min read

Sri Lanka’s high grown Ceylon Teas gain

While Medium Growns fell at the auction on February 14

February 19, 2023 2 min read

IMF contemplates loan to Sri Lanka even without China's assurances: report

President Ranil Wickremesinghe has said Sri Lanka can expect the 2.9 billion dollar IMF extended fund facility in March.

February 18, 2023 2 min read
Sri Lanka SOE accumulated losses equal 18 times PAYE taxes: Advocata 

This year the PAYE taxes deducted from wage earners are about 100 billion rupees.

Sri Lakna's GMOA holds protest over taxation, other issues

“Do justice by the doctors who didn’t leave this country, especially in terms of economic justice,” said Aluthge.

Sri Lanka 2020 budget deficit projected at 7.9-pct of GDP, 2019 gap re-stated up

Sri Lanka has re-stated a budget deficit for 2019 an already published number of 6.8 percent of gross domestic product t...

November 16, 2020 4 min read

Sri Lanka buys US$48mn from forex markets in Oct

Sri Lanka's central bank has bought 49 million US dollars from foreign markets in October 2020 to maintain a pegged exch...

November 16, 2020 1 min read

World's largest trade deal (RCEP) signed in Vietnam as Sri Lanka controls imports

Economic ministers from ten Association of South East Asian Nations and five other partners inked a Regional Comprehensi...

November 15, 2020 3 min read

Sri Lanka bans export of scrap iron, copper, aluminium, stainless steel, zinc

Sri Lanka has banned the export of scrap iron, copper, aluminium, stainless steel, high carbon steel, brass, zinc and co...

November 15, 2020 1 min read
1

Government has blatantly violated the Constitution by presenting this Appropriations Bill – Sumant...

Opposition Member of Parliament M A Sumanthiran is accusing the government of “blatantly violating the Constitution”...

November 13, 2020 4 min read

Sri Lanka exports fall 14.9-pct on Covid-19 flare up, UK shipments surge

Sri Lanka's merchandise exports fell 14.9 percent from a year earlier to 831.7 million dollars in September 2020, as a C...

November 13, 2020 2 min read

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
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'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

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