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An Echelon Media Company
Tuesday September 28th, 2021
Trade

Sri Lanka to import 100,000 tonnes of 'healthy', non-organic rice, as prices soar

There is a food controller from the health ministry when we import any foods,

6 min read

Sri Lanka to give US$50mn to clear 800 containers stuck at port: Consumer Minister

"The Prime Minister asked the Finance Ministry to release foreign currency to clear the containers."

6 min read

EU to review Sri Lanka’s access to GSP+ trade concession amid rights abuse concerns

The EU delegation visit comes after two key incidents of alleged human rights violations in the last two weeks.

6 min read

Sri Lanka in talks for milk credit line from New Zealand

Sri Lanka spends about 300 million dollars a year on diary product imports

6 min read

Sri Lanka latest import restrictions should be revisited: Jayasundara

Now the central bank has imposed a 100-pct credit margin on IT products, which is not healthy

Sri Lanka cronies profiting from import controls, SMEs battered: Samarajiva

What we are building is a kleptocracy which will then pollute and completely distort the political processes

6 min read

Sri Lanka shortage creating agency may allow milk powder supplies to resume

New price subject to dollars given at 203 to the US dollar

3 min read

Sri Lanka denies 5-pct tax on wage earner tax after 1-pct tax on undeclared funds

Not discussed in cabinet

1 min read

Sri Lanka 'fingers crossed' for investment, rise in remittance, tourism: Minister Pathirana

We keep our fingers crossed and we are looking forward to receiving some investments also and foreign remittances'

3 min read

Sri Lanka imports soar to 17-month high in July 2021 amid money printing, exports

Imports at pre-pandemic highs despite lack of tourism revenues

3 min read

Sri Lanka seizes rice from private traders after broken deal

Government says millers broke agreements

4 min read

Sri Lanka seizes rice stocks from private mills under emergency for defying price controls

Stocks owned by Nipuna, Lathpandura, Araliya, Hiru, New Rathna and Suriya mills were seized

2 min read

Sri Lanka hikes import duty on onions to Rs40 per kilogram

Domestic farmers are harvesting now

1 min read

Sri Lanka parliament passes emergency regulations to seize food stocks, warehouses

The emergency was passed convincingly with 132 legislators voting for it against 51

1 min read

Sri Lanka top rice millers profiting Rs50bn a season says minister, amid import substitution

Nadu rice should be sold at 97 rupees, he says

2 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 200.0335 200.0000
UK Pound 274.0359 273.3300
Euro 233.8592 234.3800
Aus Dollar 145.6500 145.6500
Yen 1.8006 1.8077
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7096 2.7093
Korea Won 0.1693 0.1701
Oman Rial 519.5743 519.4873
Saudi Riyal 53.3280 53.3205
UAE Dirham 54.4583 54.4492
Source: Central Bank/Indicative
pts %
S&P SL20 3,416.12 2.04%
CSE All Share 9,269.65 3.69%
Turnover Rs million. 2,191,558,044.10 6,774,922
Source: CSE
Latest Last
3-m bill 6.03 5.91
6-m bill 6.06 5.95
12-m bill 6.15 6.02
5-yr bond 9.09 8.90
8-yr bond 9.50 9.26
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.11 5.11
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka orders banking, transport, petroleum, food, state offices essential services

Ceylon Sugar, Paddy Marketing Board included

3 min read

Sri Lanka slaps price controls on sugar, rice amid money printing

Sugar at Rs122 for bulk Rs125 for packets

2 min read

Sri Lanka seizes sugar stocks through emergency law amid monetary instability

Sugar was seized from Pyamid Wilmar, Global Trading, Wilson Trading Company and R G Stores

2 min read

Sri Lanka sugar importers caught in CPC-style unhedged forex losses

Sugar imported now has to be paid in 180 days

2 min read

Sri Lanka issues emergency food regulations as prices go up, rupee weakens

Major General appointed to co-ordinate food distribution

2 min read

Sri Lanka international trade role in Advocata forum as monetary instability drive import controls

LIVE-streamed on the 30th of August from 1600h onwards

1 min read

Sri Lanka foreign minister seeks Korean language boost for closer links

Korea is a key market for migrant Sri Lankan workers who want to earn a higher income

2 min read

Sri Lanka to import 300,000 litres of oxygen a week

Sri Lanka thanks India for sending 140 tonnes of oxygen quickly

1 min read

Sri Lanka Foreign Minister, EU envoy discuss GSP Plus action, Covid co-operation

Matters related to cooperation in the fishery sector were also discussed

1 min read

Sri Lanka plans lentil credit line as money printing drive forex shortages

Credit for large import items

5 min read

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