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Sunday May 22nd, 2022
Trade

Sri Lanka non-oil imports down in March 2022 as soft-peg collapses

Non-oil imports fell 17.7 percent to 1,299.1 million US dollars in March 2022

May 21, 2022 3 min read

Sri Lanka food shortfalls, high prices feared after open account, DA/DP ban

Food suppliers have been willing to extend credit to local importers due to strong relationships spanning generations

May 20, 2022 2 min read

Sri Lanka exports soar in Feb 2022, imports up with tourism, credit

Tourism receipts estimated at US$174mn up from US$9mn last year

May 13, 2022 2 min read

Sri Lanka's Abans outlook cut to negative over soft-peg collapse

The Negative Outlook reflects the deteriorating operating conditions for consumer-durable retailers

May 2, 2022 9 min read
Sri Lanka to ban open account imports to curb Undiyal/Hawala

"We see that there is a large volume of money going through the Hawala/Undiyal systems

China hopeful of FTA talk resumption with Sri Lanka

The FTA between the two countries have not taken place since 2017 after Sri Lanka asked for more time to decide

Sri Lanka food importers need US$200mn a month, await India credit line

They are trying but so far no money has come

April 24, 2022 2 min read

Sri Lanka imports oil without letters of credit

There is an understanding that the ordered stocks will be purchased

April 14, 2022 3 min read

Sri Lanka has to act on finance minister, IMF, before economy falls off precipice: chambers

We have to act before the economy falls off a complete precipice

April 8, 2022 2 min read

Sri Lanka imports up 23-pct in January as tourism recovers

Exports also up

April 2, 2022 2 min read
1

Sri Lanka import licenses will worsen economic crisis, promote corruption: think tank

Forex shortages are a problem associated with pegged exchange rates which do not allow short term rates to float

March 23, 2022 3 min read

Sri Lanka Ceylon Chamber chief thanks India for USS2.4bn in financial support

India is also recognised as a key investment partner of Sri Lanka

March 23, 2022 1 min read

Sri Lanka to appoint technical committee to negotiate with IMF, hire law firm

A transparent process will be followed

March 22, 2022 1 min read
3

Sri Lanka to use Indian credit line to clear goods, medicines stuck at port

About US$200mn expected to be allocated for medicines

March 22, 2022 1 min read

China resumes Sri Lanka FTA push amid Indian tactics over loans, energy deals

Finalising the proposed FTA between Sri Lanka and China would immensely benefit the local market and products

March 21, 2022 5 min read

Cup of milk tea to cost 100 rupees in Sri Lanka: reports

Milk tea -- a mix of hot, strong tea with powdered and usually sugar -- is a favourite beverage in Sri Lanka.

March 20, 2022 2 min read
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Milk powder prices in Sri Lanka spike again

A 400g pack will be sold at 790 rupees while a 1kg pack will be sold at 1,945 rupees.

Chanka Jayasinghe
March 19, 2022 1 min read

Sri Lanka inks billion dollar credit for food, meds, from State Bank of India

US$ 1 billion credit line signed for essential commodities

March 17, 2022 1 min read

Sri Lanka expects billion dollar credit line as Finance Minister meets Modi, Jaishankar

India has promised a billion US dollar credit line for imports

March 17, 2022 2 min read

Sri Lanka firms with billions in trade credits exposed as rupee falls

In the 9 months to September 2021, gross trade credits went up US$478mn

March 16, 2022 4 min read
1

Cash-strapped Sri Lanka's cabinet panels meet to find alternative importing methods

Sri Lanka's dollar shortage has forced its central bank to impose ban of several imports and seek credit lines

March 14, 2022 2 min read

Sri Lanka drug prices up after money printing hits rupee; concern over cost

Many patients tempted to buy drugs in small amount "without taking them for the prescribed period of time." - MCPA

Chanka Jayasinghe and Neshella Perera
March 12, 2022 5 min read

Sri Lanka allows exporters to pay local suppliers in dollars

Strategic Development Law projects may be given exemptions

March 12, 2022 3 min read

Sri Lanka rupee at 265/275 after opening at 260/280 to US dollar

Some exporters have also started to convert, market participants said

March 11, 2022 2 min read
3

Sri Lanka rupee traded at 260 to US dollar for the day, market at 260/265

No active trading is expected for the rest of the day

March 10, 2022 2 min read

Sri Lanka tightens import controls with license raj, taxes amid rupee float

Some items have been brought under licensing, some under taxes and some under taxes and licensing

March 9, 2022 1 min read
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