An Echelon Media Company
Wednesday June 29th, 2022

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 port gives US$20mn in demurrage relief: Chairman

SLPA has waived 20 mn USD of demurrage for importers who have been unable to clear goods in time

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

Special commodity levies of up to Rs2000 on yoghurt, butter

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

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

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
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 367.2255 367.4039
UK Pound 452.1949 452.7893
Euro 389.8785 389.4918
Aus Dollar 256.3767 256.4772
Yen 2.7277 2.7394
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.5882 4.6034
Korea Won 0.2797 0.2807
Oman Rial 934.7931 935.8320
Saudi Riyal 95.8864 95.9981
UAE Dirham 97.9826 98.0915
Source: Central Bank/Indicative
pts %
S&P SL20 2,336.44 -1.88%
CSE All Share 7,451.91 -1.87%
Turnover Rs million 815,332,807 1,423,365,059
Source: CSE
Latest Last
3-m bill 19.88 19.95
6-m bill 20.76 20.17
12-m bill 21.12 21.81
5-yr bond 19.79 19.87
8-yr bond 20.46 20.14
Source: Central Bank/Indicative
today yesterday
Overnight Money 14.50 14.50
Gilt Repo 14.50 14.50
I-m SLIBOR - -
Source: Central Bank/Indicative

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

Sri Lanka interest rate hike not enough, rupee cannot be held at 230: Harsha


March 9, 2022 2 min read

Sri Lanka approves Rs38 incentive for worker remittance amid float move

The cabinet approved it before the decision was made to change the exchange rate

March 8, 2022 1 min read

Sri Lanka tea exports drop 6.9-pct in Jan 2022, Iraq, Russia leads

Iraq and Russia leades

March 6, 2022 2 min read

Sri Lanka trade of US$461mn threatened by Russia invasion of Ukraine

Tourism is diversifed

Mahadiya Hamza
March 4, 2022 2 min read

Sri Lanka sees LP gas shortages re-emerge amid forex crisis

"With today's situation, there will be another shortage of gas by next week."

Mahadiya Hamza
March 4, 2022 4 min read

Sri Lanka in drug shortages, due to price controls, forex crisis, NMRA delays

NMRA delaying re-registration and registration of drugs

March 3, 2022 6 min read

Sri Lanka apparel exports in 5-year record in January 2022 amid war clouds: JAAF

The order book was strong but the Russia's invasion of Ukraine was a challenge

March 2, 2022 1 min read

Sri Lanka gives 1.9mn barrel petrol supply deal to UAEs OQ Trading

OQ Trading will supply petrol from February 15, 2020 to October 14, 2022

March 1, 2022 1 min read