An Echelon Media Company
Sunday February 5th, 2023
Economy

Sri Lanka central bank profits for 2023, transfer not finalized: CB Governor

The Monetary Board will make a decision on whether there are sufficient amounts to transfer

February 1, 2023 4 min read

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 gets 102,000 tourists in January 2023

Russia, UK, India and Germany remain the top three source markets since 2022.

Amid international pressure, Sri Lanka considers transparency on spending tax money

Finance Ministry will be told to compile reports on how the public tax money was spent

January 24, 2023 2 min read
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Sri Lanka's state sector salary struggle likely to ease by April - cabinet spokesman 

Finance Ministry is struggling to pay whopping state sector salary bills for January

January 24, 2023 2 min read

Any Sri Lanka domestic debt to be part of negotiation process: CB Governor

Hopes to conclude talks in about six months

January 24, 2023 2 min read

Sri Lanka will have single digit inflation by year end: CB Governor

All efforts on speeding up IMF program

January 24, 2023 1 min read
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Sri Lanka tries to unscramble egg crisis from price controls

Broiler meat prices collapse as price signals allowed to work without state interference

January 24, 2023 1 min read
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IMF accepts India debt assurance for Sri Lanka, China, others awaited

Sri Lanka is engaged with other official bilateral creditors to obtain similar assurances

January 24, 2023 2 min read

Sri Lanka national inflation at 59.2-pct in Dec 2023

Food prices down for the third month

January 24, 2023 2 min read

Money to pay Sri Lanka state salaries on January 25 mostly found: Minister

Salaries will be paid on January 25

January 24, 2023 2 min read

Sri Lanka exporters getting advance payments in fix over forced fx conversion

Advance payments are converted before goods are shipped at least by two banks

January 23, 2023 2 min read

Sri Lanka central bank buys US$103mn from banks net in Dec 2022

The monetary authority operates a peg at 360 to the US dollar through a surrender rule

January 23, 2023 3 min read
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Latest Last
US Dollar 371.7127 371.6601
UK Pound 453.5962 453.9794
Euro 396.3156 396.4763
Aus Dollar 250.1862 251.1981
Yen 2.8251 2.7549
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.3961 4.3963
Korea Won 0.2820 0.2791
Oman Rial 943.2237 943.2268
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.8729 98.8786
Source: Central Bank/Indicative
pts %
S&P SL20 2,653.84 -1.51%
CSE All Share 8,420.26 -1.04%
Turnover Rs million 4,621,153,484 2,824,714,520
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

Sri Lanka remittances up after tight money kills parallel FX gap, Pakistan down

Pakistan has seen its reserve fall from 17 to 4 billion US dollars over 12 months

January 23, 2023 6 min read

Sri Lanka gets first response from China over debt restructuring

China Exim Bank responds to Sri Lanka

January 22, 2023 2 min read

Sri Lanka's CEB engineers protest against high tax; warn to expend agitation 

Sri Lanka trade unions have started to protest against tax hikes; protesters warn of more agitation

Chanka Jayasinghe
January 20, 2023 2 min read

Sri Lanka, India agree to raise ceiling on high-impact community development projects

His presence in Sri Lanka was testimony to Prime Minister Narendra Modi's Neighbourhood First policy, said Jaishankar.

January 20, 2023 2 min read

Sri Lanka expecting debt assurance from China in the near future: Minister

India this week gave debt assurance to the IMF.

January 20, 2023 1 min read

India to expand investment in Sri Lanka's energy sector, other core areas: Jaishankar

"I am confident that the gravity of the situation is realised by policymakers here,” Jaishankar said.

Himal Kotelawala
January 20, 2023 3 min read

Sri Lanka commercial banks repay foreign credits

Bank repayments of foreign credits will reduce the current account deficit

January 20, 2023 2 min read

India external affairs minister S Jaishankar arrives in Colombo

Jaishankar is scheduled to meet President Ranil Wickremesinghe, Prime Minister Dinesh Gunawardena and others.

Himal Kotelawala
January 19, 2023 3 min read

US welcomes India's assurance of support to Sri Lanka's debt restructuring plans

“The US stands ready to assist SL to unlock IMF assistance when all creditors agree to fair and equitable treatment."

Himal Kotelawala
January 19, 2023 4 min read

India tells IMF it strongly supports Sri Lanka's debt restructuring efforts

The financing and debt relief will be provided by the Export-Import Bank of India, said Mishra in his letter.

Himal Kotelawala
January 19, 2023 4 min read
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