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Thursday July 18th, 2024

ADB approves Sri Lanka US$100mn power sector policy loan

This program will support reforms in the power sector introduced under the Electricity Act

July 11, 2024 2 min read

Qualified nod from Committee on Public Finance for Sri Lanka's new public finance law

The MP said the new bill clarifies fiscal rules, strengthens budgeting and enhances scrutiny.

July 11, 2024 2 min read

Sri Lanka minister invites Singapore business to invest in energy, port, logistics, digital sectors

Arranging a business delegation from the Chambers to explore opportunities

July 11, 2024 2 min read

Sri Lanka Hayleys subsidiary signs with BoI to export coconut water concentrate

Hayleys Nature Nest (PVT) Ltd has signed an agreement with BoI to produce frozen concentrated coconut water for export

July 11, 2024 1 min read

Sri Lanka invites Israel farmers to visit island and recruit workers

Israel unhappy with unskilled workers sent to agriculture sector, Sri Lanka to monitor social media of future hires

July 5, 2024 2 min read

Sri Lanka bondholder deal gives NPV benefit of 40-pct, 27-pct in upside: FinMin

Discount rate 11-pct

July 5, 2024 10 min read

IMF awaiting more information for final sign-off on Sri Lanka bondholder deal


July 5, 2024 1 min read

Sri Lanka's Colombo Port, US Virginia Port to collaborate

Agreement covers information sharing, cooperation on general logistics, exchange of technical expertise, dispute settlem

July 4, 2024 2 min read

Sri Lanka Customs strike will affect SMEs mostly: JAAFSL, SLSC

Sri Lanka Shippers’ Council and Joint Apparel Association Forum say small players affected

July 4, 2024 2 min read

Sri Lanka bondholders agree on 28-pct hair cut; GDP-gains capped at 15-pct

Also leaves room for ESG bond

July 4, 2024 3 min read

Sri Lanka port trade unions oppose increase in female gantry operators: Minister

Unions have protested the increase of female gantry crane operators

July 3, 2024 1 min read

Sri Lanka, Japan discuss resuming stalled projects under yen loans

Opportunities for increasing Japanese investment and expanding employment prospects for Sri Lankans

July 3, 2024 2 min read

Bilateral creditors never reduce principal, only offer deferments: Sri Lanka president

Official bilateral creditors never reduce the principal on a loan, he said.

July 2, 2024 4 min read

Sri Lanka to get US$100mn from ADB on power reforms

The loan is the first part of a 300 million dollar program

July 2, 2024 1 min read
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Aus Dollar 201.0018 201.4980
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pts %
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today yesterday
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President fact-checks viral social media post on Sri Lanka's external debt

"Some political groups are spreading false information about our foreign debt on social media."

July 2, 2024 2 min read

Sri Lanka to make US$5bn interest savings in bilateral debt deal: President

Interest rates on loans will be 2.1-pct or less

July 2, 2024 1 min read

Sri Lanka reports US$706mn current account surplus amid financial outflows

When capital repayments are made - in the absence of money printing - the current account shrinks

July 2, 2024 3 min read

Sri Lanka to digitize motor traffic department operations despite complaints: Minister

E-ticketing system to combat theft by bus conductors opposed by workers who have taken matter to court.

July 1, 2024 1 min read

Sri Lanka reduces bus fares by 5.07-pct; public transport declared essential service

A special gazette notification was also issued making public transport services an essential service.

July 1, 2024 1 min read

Gevorg Sargsyan new World Bank Group Country Manager for Sri Lanka

“Priority is to strengthen the dynamic collaboration among the Bank Group institutions in Sri Lanka,

July 1, 2024 2 min read

Sri Lanka Treasury cash balance of Rs542.3bn by end April

The government ended up with 542.3 billion rupees cash surplus by April.

July 1, 2024 3 min read

Sri Lanka President hopes for quick finish to ISB holder talks

Then will have that agreement as well

July 1, 2024 1 min read

Sri Lanka budget deficit implodes 56-pct to April 2024, interest bill eases

Current account deficit still wide. Primary balance is surplus due to interest bill exceeding overall deficit

June 30, 2024 4 min read

Sri Lanka government repays foreign debt on a net basis in 1Q 2024

Foreign financing was a net repayment of equivalent to Rs14.9bn in the first three months

June 29, 2024 1 min read