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Thursday August 18th, 2022

Sri Lanka President lifts import ban on glyphosate

Glyphosate now under import permit

August 8, 2022 1 min read

Sri Lanka exporters say committed to repatriating funds

We have communicated this to our membership and is willing to support the CBSL

August 3, 2022 2 min read

Sri Lanka trade surplus in June as economy smashed to resurrect soft-peg

Non-oil imports collapsed 35.6 percent to 1,026 million US dollars.

July 31, 2022 2 min read

Sri Lanka loses Norway shipbuilding deal over sovereign default

Selective default rating and forex shortages makes it impossible to issue guarantees

July 30, 2022 2 min read
Sri Lanka air travellers warned of confiscation, fines by Customs

To face confiscation of goods under the Customs Ordinance and Import and Export Control Act and additional fines

Sri Lanka slaps duty surcharges of up to 200-pct on selected imports

Special commodity levies of up to Rs2000 on yoghurt, butter

June 1, 2022 1 min read

Sri Lanka removes licenses on 369 imports, open account allowed till June 07

Finance Ministry asks not to import excessively

June 1, 2022 1 min read

Sri Lanka healthcare agencies to pay suppliers current dollar rate to reduce shortages

The rupee fell steeply in 2022 after two years of money printing

June 1, 2022 2 min read

Sri Lanka CB takes on task finding dollars for food after open account ban

CBSL would like to reassure its commitment to ensuring foreign exchange within the banking system for food

May 30, 2022 5 min read

India gifts Sri Lanka drugs as currency collapse, price controls hit supplies

Medical supplies also send to the Suwaseriya ambulance service

May 28, 2022 2 min read

Sri Lanka April 2022 exports hit record high amid forex shortages

Forex shortage disrupt energy supplies to industries

May 23, 2022 2 min read

Sri Lanka food importers seek exemption from open account trade ban

Delays in banks releasing dollars could spoil food

May 23, 2022 2 min read

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
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US Dollar 368.7038 368.6066
UK Pound 445.9100 448.2898
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Aus Dollar 257.8056 264.0291
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pts %
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3-m bill 26.11 26.24
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today yesterday
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Source: Central Bank/Indicative

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

April 29, 2022 4 min read

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

Shihar Aneez
April 25, 2022 3 min read

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

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