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Monday November 9th, 2026
Economy

Sri Lanka central bank makes Rs788bn forex loss in 2022, net loss Rs374bn

Profits from printing money for private sector lending and government Rs437bn

April 28, 2023 3 min read

Sri Lanka projects higher economic growth than IMF up to 2027

IMF projected 3.1 pct growth for 2027 against 5.0 percent by the central bank

April 28, 2023 2 min read

Sri Lanka's active credit cards fall

Sri Lanka had 1,975,335 active credit cards by October 2022, which had fallen to 1,942,272 from January.

April 27, 2023 1 min read

Sri Lanka opted for some DDR to avoid further tax hikes: Minister

Trying to reach debt sustainability only by improving the primary balance worsened the socio-economic cost

April 27, 2023 2 min read
Ceylon Chamber welcomes IMF staff-level agreement

"The Chamber looks forward to the Government meeting the requirement for disbursement by the Board of the IMF,"

Foreign investors scope Sri Lanka's Trincomalee, Hambantota ports

Foreign investors explore opportunities at Trincomalee and Hambantota ports

Japanese small businesses eye investments in Sri Lanka

ECONOMYNEXT – A delegation representing Japanese small and medium enterprises is visiting Sri Lanka scouting for ...

November 2, 2016 2 min read

New EU project to help strengthen Sri Lankan exports

ECONOMYNEXT – The European Union will launch a project this month to help strengthen Sri Lankan exports to the EU...

November 2, 2016 1 min read

Sri Lanka holds policy rate at 8.50-pct, credit growth slows

ECONOMYNEXT - Sri Lanka's central bank said it is keeping unchanged at 8.50 percent its Standing Lending Facility Rate (...

October 31, 2016 3 min read

Inflation in Sri Lanka’s capital picks up to 4.2-pct in October

ECONOMYNEXT - Inflation in Sri Lanka’s capital Colombo picked up to 4.2% in October 2016 from a year ago after fa...

October 31, 2016 1 min read

Sri Lanka VAT hike credit positive: Moody's

Sri Lanka's imposition of a value-added tax will be credit positive, and keep a programme with the International Monetar...

October 31, 2016 2 min read

Sri Lanka to raise minimum wages for Middle Eastern workers

Sri Lanka will raise minimum wages for workers in the Middle East from 2017, Finance Minister Ravi Karunanayake said.

October 31, 2016 2 min read

Sri Lanka aims for top 70 in Doing Business by 2020

ECONOMYNEXT – Sri Lanka aims to be among the top 70 countries ranked in the World Bank’s doing business in...

October 28, 2016 1 min read

Sri Lanka taxes sweetened milk powder

ECONOMYNEXT – Sri Lanka will charge value added tax (VAT) on sweetened milk powder, both imported and locally-mad...

October 28, 2016 1 min read

Sri Lanka inflation higher in 2017: World Bank

ECONOMYNEXT – Sri Lanka’s inflation will increase this year and the next although the economy’s sta...

October 28, 2016 1 min read

Sri Lanka expects IMF deal to be on track in two weeks: FinMin

Sri Lanka expects a deal with the International Monetary Fund to be back on track in November Finance Minister Ravi Karu...

October 28, 2016 2 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 Prime Minister's policy statement

Prime Minister Ranil Wickramasinghe's full policy statement made in parliament on October 27 is reproduced below.

October 28, 2016 22 min read

Chinese firms to take-over Hambantota port, Mattala airport, repay debt: PM

Chinese firms will take-over Hambantota Port and Mattala Airport to help repay nearly a billion dollars of debt taken fr...

October 28, 2016 1 min read

Sri Lanka's sick risk losing best drugs after price controls: industry body

Sri Lanka runs the risk of 'original' drugs going off the shelves, depriving patients of free access of the most effecti...

October 27, 2016 3 min read

Sri Lanka to give support for domestic firms to export: PM

Sri Lanka will provide a 'trade adjustment facility' including capital allowances to help domestic companies to be compe...

October 27, 2016 1 min read

Sri Lanka’s bumbling bureaucrats block paperless trade, deter investors

ECONOMYNEXT – Sri Lankan businesses alarmed over weakening export competitiveness are praying for prime ministeri...

October 27, 2016 3 min read

Sri Lanka slides down World Bank ease of doing business index

ECONOMYNEXT – Sri Lanka has dropped one place in the World Bank’s ease of doing business index despite som...

October 27, 2016 2 min read

Parliament approves Sri Lanka's much delayed VAT bill

Sri Lanka's parliament Wednesday approved the controversial bill to amend for Value Added Tax with 112 members voting f...

October 26, 2016 1 min read

Sri Lanka targets 10 pct cut in total expenditure next year

COLOMBO, Oct 25 (Reuters) - Sri Lanka will curb its total expenditure by around 10 percent to 3.33 trillion rupees ($22....

October 25, 2016 2 min read

Sri Lanka's delayed VAT bill gets court nod

ECONOMYNEXT - Sri Lanka's Supreme Court has given its approval for the amended Value Added Tax bill clearing the way for...

October 25, 2016 1 min read

Danish business team seeks investments in Sri Lanka

ECONOMYNEXT – A business delegation from Denmark will be visiting Sri Lanka from the 1st of November to the 4th o...

October 24, 2016 1 min read