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Monday November 9th, 2026
Economy

Sri Lanka in talks for US$350mnn IMF deal linked ADB loan

The loan is to provide economic stability

April 25, 2023 1 min read

Sri Lanka expects to make debt restructuring framework by May

Re-structuring debt is the biggest challenge now facing Sri Lanka

April 25, 2023 2 min read

China attempts to prove its close cooperation with debt defaulted Sri Lanka

"We are always "providing free charcoal in the snow" instead of "collecting rented-umbrellas in the rain", - CMG chief

April 24, 2023 2 min read

Sri Lanka's Co-operative Insurance downgraded by Fitch

The Insurance Regulatory Commission of Sri Lanka had suspended its license to carry out business.

April 24, 2023 3 min read
Sri Lanka budget deficit down 40-pct to September, taxes up 39-pct

Capex picks up, interest bill flat, despite higher debt

Vietnam embassy meets BOI, biz chamber to strengthen economic links

Vietnam has achieved high growth and expanded markets using free trade agreements with key trade partners

Sri Lanka food quality, packaging standards improving: EDB

ECONOMYNEXT – The quality levels of Sri Lankan exporters of food products as well as their packaging have improve...

October 14, 2016 1 min read

WEDF draws investors in organic foods, hotels to Sri Lanka

Foreign investors in a range of sectors from organic food to hotels showed interest in Sri Lanka during the World Export...

October 14, 2016 1 min read

More Sri Lankan firms becoming exporters: ITC

ECONOMYNEXT – More Sri Lankan companies have ventured into exports in the past 10 years, according to a survey do...

October 13, 2016 1 min read

China Vice Minister lauds Sri Lanka free trade moves; says FDI needed for exports

China's Vice Minister of Commerce Wang Shouwen praised Sri Lanka's plans to freer trade and said joining a global inform...

October 13, 2016 3 min read

Sri Lanka Treasuries auction fails; renewed fears for rupee

ECONOMYNEXT - Sri Lanka's Treasuries auctions failed on Wednesday with all bids rejected for a Rs25 billion of bills on ...

October 12, 2016 4 min read

Sri Lanka to hold GSP plus talks in Brussels: PM

Sri Lanka will shortly hold talks with Brussels over restoring GSP Plus trade access to the European Union, Prime Minist...

October 12, 2016 1 min read

Sri Lanka in push to create Bay of Bengal economic area: Prime Minister

Sri Lanka is working to stitch together a rapidly growing Bay of Bengal economic area, where the island will be linked t...

October 12, 2016 3 min read

EU, ITC to boost competitiveness of Sri Lankan SMEs

ECONOMYNEXT – The European Union is to fund a project to help increase the competitiveness of Sri Lankan small an...

October 11, 2016 2 min read

Japan to fund Rs33bn piped water project to CKDu hit area

Japan said it is providing a 23.1 billion yen (Rs32.9 billion) loan to build a pipe borne water supply system in Anuradh...

October 11, 2016 1 min read

Sri Lanka's unemployment ticks up to 4.6-pct in 2Q 2016, more non-farm jobs

Sri Lanka's unemployment rate ticked up to 4.6 percent in the second quarter of 2016, from 42 percent in the first quart...

October 10, 2016 1 min read
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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 forex reserves down to US$6.46bn September

Sri Lanka's forex reserves fell 138.8 million dollars from a month earlier to 6.46 billion rupees in September 2016, fro...

October 9, 2016 2 min read

Sri Lanka's budget gap improves in July 2016, but revenues falter

Sri Lanka's budget deficit improved to Rs432.7 billion in July 2016 or 3.6 percent of gross domestic product, down from ...

October 7, 2016 2 min read

Sri Lanka India economic pact to create US$500bn economy: PM

Sri Lanka will sign an economic pact with India by the end of the year that will expand trade and services creating a $5...

October 7, 2016 2 min read

Sri Lanka raises cigarette tax

ECONOMYNEXT – The Sri Lankan government has decided to increase the tax on cigarettes by Rs7 each to raise revenu...

October 4, 2016 1 min read

Three Sri Lankan startups shortlisted for Helsinki Accelerator event

ECONOMYNEXT – Three Sri Lankan startups have been shortlisted to take part in the Slush Global Impact Accelerator...

October 4, 2016 2 min read

Sri Lanka to increase state revenues to Rs1,850bn in 2017: Ravi

Sri Lanka is hoping to boost state revenues to 1,850 billion rupees in 2017 or around 14.2 percent of gross domestic pro...

October 4, 2016 2 min read

Sri Lanka to sell-down stakes in listed companies shortly: Finance Minister

Sri Lanka plans to sell down government stakes in listed companies by the end of the month, which also serve as a positi...

October 4, 2016 1 min read

Sri Lanka PM calls for Commonwealth economic arrangement after Brexit

Sri Lanka's Prime Minister Ranil Wickramamsinghe has called for greater economic and trade links among Commonwealth nati...

October 4, 2016 1 min read

Sri Lanka looking at 'market orientation' of the rupee CB Governor

Sri Lanka is moving towards a 'market-oriented rupee' Central Bank Governor Indrajit Coomaraswamy said, amid speculation...

October 3, 2016 3 min read

Sri Lanka to have long term budget in 2016: Ravi

Sri Lanka will have a 'long-term' budget in 2017, finance minister Ravi Karunanayake said as the country moves towards a...

October 3, 2016 1 min read