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Monday November 9th, 2026
Economy

Sri Lanka Fitch confirms Sunshine Holdings at ‘A(lka)’

Fitch Ratings said it has confirmed the National Long-Term Rating of Sri Lankan Sunshine Holdings at ‘AA+(lka)’

May 4, 2023 6 min read

Sri Lanka to announce debt restructuring strategy in May: state minister

“It is clear that we’re moving forward with a plan to lower the debt and tax burdens,” he said.

May 4, 2023 2 min read

Sri Lanka can prosper if it achieves debt sustainability: IMF official

The official also noted that inflation has come down in Sri Lanka, albeit from having gone “through the roof”.

May 4, 2023 5 min read

Sri Lanka expects cricket book to promote sports tourism

A book on Sri Lanka's cricket history by UK-based author Nicholas Brookes will help promote the island's status.

May 4, 2023 2 min read
Sri Lanka sees 7,958 new active credit cards in September 2024

Number of active credit card declined last year after financial crisis

Sri Lanka deflation not harmful, economy growing: CB Governor

The deflation is reducing the cost of living for the people and also the cost of production of companies

Sri Lanka 'domestic manufacturers' to make drugs; fears of a canned fish repetition

Sri Lanka's cabinet of ministers had approved the setting up of domestic drug companies as joint ventures with State Pha...

November 17, 2016 2 min read

Sri Lanka tax hikes will strengthen state finances: Fitch

Sri Lanka's tax hikes will strengthen the revenue base, but some of the revenue assumptions look optimistic and governme...

November 16, 2016 4 min read

Sri Lanka to hunt for tax dodgers

ECONOMYNEXT – Sri Lanka’s Inland Revenue Department will carry out islandwide raids on businesses to rope ...

November 16, 2016 2 min read

U.S. manufacturing groups urge Trump to re-think economic nationalism

America's manufacturers are urging President-elect Donald Trump to back off from his most threatening trade rhetoric and...

November 16, 2016 3 min read

Sri Lanka financial transaction tax to be paid by banks: Finance Minister

A debit tax on bank withdrawals will have to be paid by banks, Finance Minister Ravi Karunanayake said, amid rising conc...

November 16, 2016 1 min read

Sri Lanka may charge taxes on listed bonds issued from this month

Sri Lanka is likely to exempt taxes on future interest of bonds issued before the budget in November, but is likely to t...

November 15, 2016 1 min read

Sri Lanka group laments reduced control of rulers after 2017 budget

An activist group has lamented a perceived reduction in the control of Sri Lanka's elected ruling class and bureaucrats ...

November 15, 2016 6 min read

Sri Lanka consumer durables demand to slow down: Fitch

ECONOMYNEXT – Demand for consumer durables in Sri Lanka, which has one of the highest sales taxes in the region, ...

November 15, 2016 3 min read

Sri Lanka to count state workers in broad census

Sri Lanka will count workers of 28,000 state agencies and state enterprises on November 17, comprehensive census that se...

November 15, 2016 2 min read

Green lobby exempted from VAT while healthccare draws tax

Sri Lanka's renewable energy businessmen, who are making billions of rupees by selling high priced power to the people, ...

November 15, 2016 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 331.7485 330.8514
UK Pound 443.7468 438.3450
Euro 372.5204 371.0168
Yen 2.0969 2.0916
Aus Dollar 233.0533 231.1659
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.4948 3.4202
Korean Won 0.2499 0.2479
Oman Rial 861.6397 859.3320
Saudi Riyal 88.4403 88.0955
UAE Dirham 90.3209 90.0766
Source: Central Bank/Indicative
pts %
S&P SL20 5,656.91 -0.43%
CSE All Share 19,927.30 -0.28%
Turnover Rs 1457.79 million 1193.67 million
Source: CSE
Latest Last
3-m bill 7.61 7.84
6-m bill 7.91 8.26
12-m bill 8.23 8.3
3-yr bond 9.24 9.25
5-yr bond 9.82 9.56
8-yr bond 10.50 10.48
Source: Central Bank/Indicative
today yesterday
Overnight Money 7.70 7.69
Gilt Repo 7.74 7.72
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka hikes carbon tax 80-pct; fears of trouble ahead for motorists

Sri Lanka is raising a carbon emission tax for cars by 80 percent to 2,000 rupees a media report said, while the fees wi...

November 13, 2016 2 min read

Sri Lanka banks, customers, hit by contradictory debit taxes

Sri Lanka budget for 2017 has slapped penal debt taxes on bank withdrawals which claimed to boost banking transactions, ...

November 12, 2016 2 min read

Sri Lanka 2017 budget in subsidized credit push; housing loans below policy rate

Sri Lanka's budget for 2017 has proposed multiple subsidized credit programs including 370 billion rupees of long term h...

November 12, 2016 4 min read

Sri Lanka slash tax on commercial vehicles, smaller cars go up - Update

The Finance ministry has revised the tax rates on vehicles making smaller cars and three wheelers more expensive, but co...

November 11, 2016 2 min read

Sri Lanka budget proposes slashing car, trishaw loans

Sri Lanka's budget for 2017 has proposed slashing the loans given to buy car loans to 50 percent of the value from the c...

November 11, 2016 1 min read

Sri Lanka's Hambantota port loses Rs18.8bn a year

Sri Lanka's Hambantota Port, built by a Chinese firm with a loan from China during the ousted Mahinda Rajapaksa regime, ...

November 11, 2016 1 min read

Sri Lanka to encourage re-export of used cars

Sri Lanka is proposing the re-export of used cars older than five years to ease congestion on already overcrowded roads,...

November 11, 2016 1 min read

Sri Lanka hikes taxes, targets lower deficit in 2017

Sri Lanka hiked taxes, including on pension funds of private sector workers, and held state salaries and pensions for th...

November 11, 2016 3 min read

Vehicle insurance to pay Sri Lanka state hospital for accident victims

Sri Lanka's state hospitals will claim a minimum of 25,000 rupees for treating accident victims from the insurance cover...

November 10, 2016 1 min read

Sri Lanka to charge 10-pct capital gains tax on property: Budget 2017

Sri Lanka will charge a 10 percent capital gains tax on immovable property, Finance Minister Ravi Karunanayake said, in ...

November 10, 2016 1 min read