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Sunday June 26th, 2022
Economy

Sri Lanka considering dollar tea auction: Minister

Tea farmers would be able to import fertilizer and inputs

June 22, 2022 2 min read

Sri Lanka sued by holdout Hamilton Reserve, other bondholders form group

First holdout sues

June 22, 2022 2 min read

Sri Lanka tightens border transactions reporting after printing money

Phase 01 to go live on June 21

June 22, 2022 4 min read

Sri Lanka PM talks debt restructuring, One China policy with Chinese envoy

"Sri Lanka was looking forward to discussing the debt restructuring with China (sic)," the statement said.

June 21, 2022 2 min read
Sri Lanka fuel queue death toll rises to 12; latest victim 19 years old

The eleventh death was that of a 63-year-old man inside his vehicle on Thursday (23).

Crisis-hit Sri Lanka finally starts to deal with bloated public sector

"There is no way we can go ahead with the current public sector. The ideal size is 500,000."

Sri Lanka's central bank runs BOP deficits on borrowed money

Up to April BOP deficit US$2.5bn

June 13, 2022 2 min read
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Sri Lanka investment goods, non-foods import fall faster than oil bill in April 2022

Oil imports up up U$97mn, investment goods down US$87mn

June 12, 2022 2 min read

Sri Lanka mulls relaxing open account imports for 10 foods: Minister

Rice, wheat flour, sugar, potatoes, red dhal, onions, dry chillies and dry fish can be imported under O/A

June 12, 2022 2 min read

Sri Lanka official remittances down 33-pct in May

Down

June 12, 2022 2 min read
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Sri Lanka President considers decentralizing public service, youth-led cultivation after crisis

Sri Lanka has seen long queues across the country waiting for fuel amid severe dollars shortage.

June 11, 2022 2 min read
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Sri Lanka rupee quoted 367 to TT dollar

Rupee has collapsed and fallen over 70 percent since central bank allowed flexible fox rate

June 11, 2022 2 min read
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Sri Lanka Central Bank executives warn PM over Governor appointment

Six Governors appointed over a decade

June 11, 2022 5 min read
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UN launch appeal for 1.7 million in Sri Lanka hardest hit by soft-peg collapse

If we don't act now, many families will be unable to meet their basic food needs

June 10, 2022 3 min read

Sri Lanka IMF staff level deal date not certain, team visit shortly: official

The timing .... would depend on the strength of the policies the authorities would propose and commit to

June 10, 2022 2 min read

Crisis-hit Sri Lanka's president requests help from Indian, Chinese, Middle East envoys - PMD

Sri Lanka is compelled to depend on other countries to manage the impacts of economic crisis.

June 9, 2022 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 367.1686 367.3982
UK Pound 452.6187 451.8938
Euro 388.4167 389.8979
Aus Dollar 255.6136 255.4851
Yen 2.7395 2.7267
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.6108 4.6159
Korea Won 0.2772 0.2772
Oman Rial 935.8320 937.3904
Saudi Riyal 96.0211 96.1836
UAE Dirham 98.0915 98.2549
Source: Central Bank/Indicative
pts %
S&P SL20 2,470.19 1.59%
CSE All Share 7,651.19 1.26%
Turnover Rs million 1,245,549,656 1,102,192,667
Source: CSE
Latest Last
3-m bill 21.20 21.45
6-m bill 21.88 22.16
12-m bill 22.51 22.77
5-yr bond 20.38 20.79
8-yr bond 20.46 20.49
Source: Central Bank/Indicative
today yesterday
Overnight Money 14.50 14.50
Gilt Repo 14.50 14.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka Prime Minister holds talks with IMF chief on economic crisis 

Sri Lanka is in the process of debt restructuring before going for an IMF programme

June 8, 2022 1 min read
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Sri Lanka forex reserves up in May to US$1912mn

The central bank has been borrowing dollars from India for several months

June 8, 2022 1 min read

Sri Lanka central bank denies rift between Governor and PM

Vehemently rejects such assertions and reiterates that the cordial relationship between him and the Hon. Prime Minister

June 8, 2022 1 min read

PM calls for unity, reforms, state sector overhaul to bring Sri Lanka out of crisis

Wickremesinghe also warned against being hyper-focused on the past.

June 7, 2022 5 min read

Sri Lanka considers incentives for expatriate workers not using undiyal or hawala

Foreign expatriates have stopped sending money through banking channels as black market gives them more rupees.

Chanka Jayasinghe
June 7, 2022 2 min read
2

Sri Lanka finds way around CPC monopoly to end aviation fuel crunch: Minister

Allows suppliers to stock fuel at CPC facilties and be paid after selling

June 7, 2022 2 min read

Sri Lanka must rebuild agriculture sector immediately to prevent food shortages: PM

"We have to work hard from this point onwards to ensure the next harvest is a success."

June 7, 2022 2 min read

Sri Lanka economy may contract 6.9-pct in 2022 PM says after soft-peg collapse

CB estimates economy may contract 4-5-pct

June 7, 2022 1 min read

Tough three weeks ahead for Sri Lanka with crippling fuel, gas shortages incoming: PM

“At the end of these three difficult weeks, we shall try to supply fuel and gas without disruptions."

June 7, 2022 2 min read

Sri Lanka to present interim budget cutting capex: PM

Needs US$5 billion to live and 1 billion to support rupee

June 7, 2022 2 min read
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