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Saturday July 20th, 2024
Economy

Japan gives US$6.6mn in food grants after monetary instability

This support is being used to provide essential food and nutrition to communities across the nation

March 10, 2023 2 min read

Sri Lanka anti-tax protests: Unions threaten to turn "main switch" off on Mar 15

"Don't blame our doctors, our banks, our port. The government must take responsibility," said Illangasinghe.

March 9, 2023 3 min read

Colombo Dockyard reports 332.1 million rupee profit in Dec-2022

Revenue on shipbuilding, repairing and heavy engineering segments grew during 2022.

March 9, 2023 1 min read

Sri Lanka CB aggressive dollar buying prevented sharp rupee appreciation - dealers

Rupee has strengthened around 15% in the last four sessions.

March 9, 2023 4 min read
Sri Lanka to commence RAMIS 2.0 by December: state minister

The new digitalised system will enable Sri Lanka to raise tax revenue significantly, he said.

Sri Lanka must stay the course on reforms: top World Bank official

Bjerde’s trip included visits to World Bank-supported projects in the Northern and North Central Provinces.

Sri Lanka to merge small state banks into National Development Banking Corporation

Sri Lanka will merge a number of small state banks into a National Development Banking Corporation, Prime Minister and F...

November 17, 2020 1 min read

Sri Lanka to change privatization agreement of firms that do not raise salaries

Sri Lanka will change the privatization agreements of plantations companies that do not raise salaries to 1,000 rupees a...

November 17, 2020 2 min read

Sri Lanka to give Treasury guarantee for tourism Covid-19 loans, term extended

Sri Lanka will give a 50-per cent Treasury guarantee for central bank re-finance loans given to Coronavirus hit tourism ...

November 17, 2020 1 min read

Sri Lanka central bank should look at credit and liquidity in a new way: Finance Minister

Sri Lanka's central bank should look at credit and liquidity in a new way and maintain price stability with inflation a...

November 17, 2020 1 min read

Sri Lanka to have special GST tax, investment relief for bonds, stocks

Sri Lanka will have a special goods and services tax (GST) for vehicles, cigarettes and alcohol Prime Minister and Finan...

November 17, 2020 2 min read
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Sri Lanka budget 2021 -LIVE blog

Sri Lanka is presenting a budget for 2021 amid challenges to take the country on path of industrialization, agriculture...

November 17, 2020 2 min read

Private-sector style Labour Laws for State Sector – Cabinet spokesman

The government will go ahead with a plan to introduce laws to resolve employee disputes in the State Sector which will b...

November 17, 2020 1 min read

Sri Lanka to present budget for 2021 amid Coronavirus, revenue challenges

Sri Lanka's Prime Minister and Finance Minister Mahinda Rajapaksa will present a budget for 2021 amid weak revenues from...

November 17, 2020 2 min read

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
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

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
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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
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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
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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

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
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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