An Echelon Media Company
Sunday February 5th, 2023

Sri Lanka economy may shrink 3.5-pct in 2023: President

A 4.0-pct contraction if there is global downturn

January 29, 2023 1 min read

Sri Lanka exporters bring back nearly 100-pct of proceeds: CB Governor

The new monitoring system shows exporters are bringing money back

January 29, 2023 3 min read

Sri Lanka operators seek higher renewable tariffs, amid exchange rate expectations

With the rupee continuing to devalue in other 5 years 40 rupees will look like 20 rupees

January 29, 2023 4 min read

Sri Lanka top chamber less pessimistic on 2023 GDP contraction

Expects GDP change to be between 0 to 2 percent

January 28, 2023 1 min read
Sri Lanka services exports down 5.9-pct in 2022

There are more than 500 ICT companies, the EDB said.

Sri Lanka optimistic of 2023 tourism targets after Jan performance: official

Fernando said tourism revenue in 2022 was 1.2 billion US dollars.

Himal Kotelawala
January 18, 2023 2 min read

Unhappy ending to Sri Lanka's thriving spa industry averted

He had made no comment on banning women massaging men or vice versa, he insisted.

Chanka Jayasinghe and Himal Kotelawala
January 18, 2023 3 min read

Sri Lanka's manufacturing picks up slow in Dec; services see upturn: PMI

Manufacturing PMI was still below 50

January 18, 2023 2 min read

Sri Lanka committee to oversee merging of BOI and EDB activities

The cabinet had also directed the Legal Draftsman to prepare a bill to set up an International Trade Office

January 18, 2023 1 min read

Sri Lanka to spend Rs10bn to give free rice to families

The government will buy 61,600 metric tonnes of paddy to produce 40,000 MT of rice.

January 17, 2023 2 min read

Sri Lanka debt talks with India, China successful: President

I can tell this assembly that the talks are successful

January 17, 2023 1 min read

Sri Lanka to transfer 1-pct of 2023 current spending of all ministries to health

The Health Minister said he needs an additional 10 billion rupees to purchase medicine in 2023

January 17, 2023 1 min read

Sri Lanka getting good results from creditors for IMF deal: Minister

The discussions are becoming successful

January 17, 2023 1 min read

Sri Lanka to pay state workers in stages to avoid printing money

Salaries for SOE employees has increased by 633 percent since 2000

January 17, 2023 2 min read

Sri Lanka president to provide free rice for poor amid rising discontent

Sri Lanka sees new anti-government protest amid high cost of living, taxes

January 16, 2023 2 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

Despite strict measures, Sri Lanka's illegal migration continues as crisis takes toll

Sri Lanka saw number of boat people increasing over 11 folder last year

Chanka Jayasinghe
January 16, 2023 2 min read

Pakistan diplomats and Sri Lanka Chamber Federation look to boost trade

Trade and Investment Attache of Pakistan was also present in the meeting.

January 16, 2023 1 min read

Sri Lanka cracks down on sin tax fraud

In 2023 the agency has been give a target to collect 217 billion rupees.

January 16, 2023 2 min read

Sri Lanka budget tax revenues up 36-pct to Oct, deficit down in real terms

Overall deficit down to 5.5-pct of projected revenues from 8.6-pct last year

January 16, 2023 2 min read

Vietnam rejects IMF-backed Sri Lanka-style policy in bid for monetary stability

Vietnam does not have fully credible peg, but its monetary policy not widely inconsistent

January 15, 2023 4 min read

Sri Lanka coconut auction prices ease after 7 weeks

Average coconut prices went up 20.5 percent in the year to December 2022, lower than other food commodities.

January 15, 2023 1 min read

India foreign minister in Sri Lanka for debt talks

We discussed with China's EXIM Bank this week and by now we have commenced exchanging views on it

January 15, 2023 2 min read

Sri Lanka may see drop in egg prices after January amid imports

“If import tax on animal feed was removed we could further bring down prices to roughly 43 rupees."

Neshella Perera
January 14, 2023 1 min read

Sri Lanka's remittances in December up 46-pct, but down for year

Sri Lankan expatriate workers sent money via illegal methods after the central bank propped up rupee artificially

January 14, 2023 1 min read

IMF working with China on possible maturity extensions for Sri Lanka, others

China does not have the tradition of that coordination that exists in more mature lenders

January 14, 2023 4 min read
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