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Monday November 9th, 2026
Economy

Sri Lanka exporters hit as costs catch-up after depreciation

Electricity tariffs were hiked to account for higher rupee costs of coal and liquid fuels

March 30, 2023 6 min read

Sri Lanka tuk tuk, bus fares to be cut on lower fuel prices

"The minimum rate will be cut to 30 rupees from tonight,” Lasantha Alagiyawana said.

March 29, 2023 1 min read

Sri Lanka canteens to cut milk tea price after rupee appreciation

From next week the maximum price of a cup of milk tea will be 90 rupees

March 29, 2023 3 min read

Sri Lanka seeks divestment advisors, in talks with IFC for SriLankan

Firms are free to express interest with respect to one or more of the above mentioned enterprises

March 29, 2023 3 min read
Sri Lanka remittances $587.7mn in October, up 13.9-pct

President Dissanayake govt has expected to bring down more remittances

Sri Lanka foreign reserves US$6.4bn in October 2024, up 7.9-pct

Reserves rose US$474mn in October

Brexit could worsen Sri Lanka BoP pressure: Moody’s

ECONOMYNEXT – The United Kingdom’s vote to leave the European Union will not have a significant credit imp...

July 11, 2016 2 min read

Sri Lanka wows support for belt and road initiative on China FM visit

Sri Lanka has wowed support for China's 'belt and road' initiative with visiting Premier Wang Yi, and furthered talks on...

July 10, 2016 2 min read

Sri Lanka forex reserves drop to US$5.3bn in June 2016

Sri Lanka's forex reserves dropped to 5.3 billion US dollars in June 2016 down 348 million dollars from 5.62 billion US ...

July 9, 2016 1 min read

UK's LUSH to up EU output on weak post-Brexit pound, exposing Mercantilist fallacy

Uncertainty caused by Britain's vote to leave the EU is making LUSH, an English-based retailer of handmade cosmetics, lo...

July 9, 2016 4 min read

ADB mulls US$2bn more loans for Sri Lanka in 2017-19

ECONOMYNEXT – The Asian Development Bank (ADB) is preparing a new country strategy for Sri Lanka and envisages in...

July 8, 2016 1 min read

UK launches bilateral trade talks for post-Brexit deal with India

Britain said it would start preliminary talks with India on Friday about an eventual bilateral trade deal after last mon...

July 8, 2016 3 min read

Sri Lanka 2015 foreign debt up 228.7 bln rupees on depreciation

COLOMBO, July 7 (Reuters) - Sri Lanka's foreign debt increased by 228.7 billion rupees ($1.57 billion) last year due to ...

July 7, 2016 1 min read

Sri Lanka govt to act against 'artificial' price hikes exploiting VAT

ECONOMYNEXT – The Sri Lankan government will act against traders who artificially increase prices of essential co...

July 6, 2016 1 min read

Sri Lanka says meets IMF program targets for June, amid inflation spike

Sri Lanka has likely met key targets for June 30, in an International Monetary Fund stabilization program, with final da...

July 6, 2016 2 min read

Brexit fallout on Sri Lanka not "major"; can make bonds pricey: CB Governor

ECONOMYNEXT - The fallout of 'Brexit' from the trade and tourism channels may not be "major", but Sri Lanka could pay hi...

July 6, 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 watching for results from recent tightening: CB Governor

Sri Lanka is watching for the effects of monetary policy measure to play out, and a recent spike in inflation could be d...

July 5, 2016 2 min read

Sri Lanka investment, export agencies in joint focus on manufacturing

ECONOMYNEXT – Sri Lanka’s investment and export promotion agencies have begun working more closely togethe...

July 5, 2016 2 min read

Inaugural Speech Sri Lanka CB Governor Coomaraswamy - full text

Following is the full text of the speech made by Governor Indrajit Coomaraswamy after assuming duties at the Central Ban...

July 4, 2016 8 min read

Sri Lanka’s new Central Bank chief says upholding credibility main responsibility

ECONOMYNEXT – Sri Lanka’s new Governor of the Central Bank, Indrajit Coomaraswamy, said he would do his be...

July 4, 2016 1 min read

Sri Lanka has to stop creating artificial booms: CB Governor

ECONOMYNEXT - Sri Lanka's central bank has allowed politics to trump economics for most of its life and it has to stop c...

July 4, 2016 2 min read

Sri Lanka import duty revenue up 74-pct in Jan-April 2016

ECONOMYNEXT – Sri Lankan government tax increases have begun to yield results in the first four months of 2016, w...

July 4, 2016 2 min read

Sri Lanka CB Governor Coomaraswamy formally appointed

Sri Lanka's President Maithripala Sirisena formally appointed Indrajit Coomaraswamy, a respected economist as Central Ba...

July 4, 2016 1 min read

Sri Lanka President intervenes in VAT hike

Sri Lanka's President Maithripala Sirisena is intervening directly in a recent value added tax hike made without parliam...

July 4, 2016 3 min read

China remains Sri Lanka’s biggest funder in Jan-April 2016

Foreign lenders committed US$855.4 million to fund development projects in Sri Lanka during the first four months in 201...

July 3, 2016 2 min read

Sri Lanka vehicle tax revenues down in early 2016 after hike

Excise tax revenues from vehicles fell 10.6 percent to 59.433 billion rupees in the first four months of 2016 from a yea...

July 3, 2016 1 min read