An Echelon Media Company
Friday December 9th, 2022
Economy

Sri Lanka to fast track FTAs with Thailand, China and India

Export-oriented, competitive market economy for Sri Lanka as the country has the opportunity to supply to South Asia

December 6, 2022 2 min read

Sri Lanka could face 6-8-hour power cuts in 2023 if tariffs aren't revised: minister

"Most CEB unions and senior management agree that a revision is needed," he said.

December 6, 2022 3 min read

Sri Lanka cleared to borrow cheaper IDA funds by World Bank

Loss of market access qualifies Sri Lanka for cheaper funds

December 6, 2022 1 min read

Sri Lanka passport applications online as demand soars

Passport applicants may apply from the comfort of their home.

December 6, 2022 1 min read
Sri Lanka may see rates falling next year: President

So maybe sometimes early next year we will have a meeting of minds of both these propositions

Sri Lanka President says 2015-2019 policy struggle was 'warfare'

But it was warfare Politicians wanted to protect their power, businessmen wanted to protect their profits

A new Sri Lanka monetary law may have prevented 2019 tax cuts?

"We would never know"

November 29, 2022 2 min read

Sri Lanka new CB law to cabinet soon as IMF prior action

The law will also make macro-prudential surveillance formally under the bank.

November 29, 2022 1 min read

Sri Lanka inflation expectations said to be "very high": ex-CB Governor

The central bank has started to bring inflation under control

November 29, 2022 3 min read

Sri Lanka will widen foreign exchange trading band gradually: CB Governor

We will be gradually relaxing the band, once we start getting inflows

November 28, 2022 1 min read
1

Sri Lanka aims foster parents system for 40,000 children to face malnutrition

The number of malnourished children is on the rise due to Sri Lanka's economic crisis.

November 28, 2022 2 min read

Sri Lanka DDR uncertainty premium too high: CB Governor

We have a better understanding how we can treat domestic debt, what are the classes of debt

November 28, 2022 2 min read

Sri Lanka on a clear disinflation path faster than expected: CB Governor

November CCPI expected to show same trend

November 28, 2022 1 min read

Sri Lanka's central bank would prefer not to impose interest rate ceilings: CB Governor

We will allow markets to respond first

November 28, 2022 2 min read

CT CSLA Asia Frontier forum to feature Sri Lanka, Pakistan firms

CT CLSA Securities of Sri Lanka and Alfalah CLSA Pakistan are partnering to host the forum

November 28, 2022 1 min read

Sri Lanka's third external creditors' meeting not scheduled yet - State finmin

Sri Lanka is desperately waiting for IMF board approval for $2.9 bln loan

November 26, 2022 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 371.7757 371.7599
UK Pound 442.7119 438.8584
Euro 387.1945 385.3880
Aus Dollar 253.0234 251.0798
Yen 2.6686 2.6603
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4818 4.4863
Korea Won 0.2748 0.2747
Oman Rial 944.1068 944.1068
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.9627 98.9627
Source: Central Bank/Indicative
pts %
S&P SL20 2,464.20 -3.19%
CSE All Share 8,087.04 -2.47%
Turnover Rs million 1,626,658,918 1,576,314,848
Source: CSE
Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Tax hikes could force Sri Lanka exporters shift to other countries - exporters

New tax hikes will be effective from December 1

Roshani Fernando
November 26, 2022 3 min read
1

Sri Lanka's dollar earnings from exports services underestimated - official

The EDB has estimated services exports at 1,456 million dollars in the first nine months of this year,

Roshani Fernando
November 25, 2022 3 min read
1

Sri Lanka's Expolanka shares jump over 16-pct on expansion plan

The shares closed 22.75 rupees up at 163.25 rupees a share on Friday.

November 25, 2022 2 min read

Sri Lanka's tax hike will help curb inflation, cut interest rates faster - cenbank chief 

Sri Lanka's increased tax rates will be effective from December 1

November 25, 2022 2 min read
1

Sri Lanka still in ACU but settlement through normal channels encouraged: CB Governor

Some members prefer that there is no accumulation

November 25, 2022 2 min read

Sri Lanka can manage with current inflows, after policy tightening: CB Governor

The first action was to tighten monetary policy and reduce the demand for imports

November 25, 2022 2 min read

Sri Lanka President ends import ban that raised an ugly stink

Deo-odorants, anti-perspirants, shampoo, toilet waters and dental floss could be imported

November 24, 2022 3 min read

Sri Lanka tracking exports inflow, forex conversions around 25-pt: CB

Conversions are around 23-pct

November 24, 2022 4 min read

Sri Lanka bond yields marginally up, rupee steady

Admin controls if rates do not come down

November 24, 2022 1 min read

Sri Lanka hopes to go to IMF in January 2023: CB Governor

Confident of getting assurance from bilateral creditors in the coming weeks

November 24, 2022 2 min read