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Friday July 30th, 2021
Trade

Sri Lanka bakers plan to increase bread prices by Rs10: report

Key mill has said wheat prices would be raised by 18 rupees

3 min read

Sri Lanka to import rice as trade controls strengthen domestic grain 'mafia'

Rice price spike not due to fertilizer ban

3 min read

Sri Lanka exports US$884mn in May; US, EU top buyers

The EU as a region bought 210 million US dollars of goods, just behind the US.

3 min read

Japan donates one million AstraZeneca doses to Vietnam as 'Extensive Strategic Partner'

Japanese businesses have also donated to Vietnam's vaccine fund

3 min read

Sri Lanka apparel exporters hopeful of GSP+ extension

Says authorities addressing concerns

Sri Lanka import controls shattered by credit, money printing in May

Investment and intermediate goods 'permitted' by bureaucrats surge

Sri Lanka sugar SOE making profits after ethanol ban

Lanka Sugar Company (Pvt) Ltd, built by re-expropriating two privatized firms, are now making profits after ethanol impo...

2 min read

Sri Lanka to ban chemical fertilizer imports in 'near future'

Sri Lanka will ban the import of chemical fertilizer in the 'near future' as pollution of waterways and suspected kidney...

2 min read

Sri Lanka exporters, importers battle high rates, box shortfalls to maintain trade lifeline

Sri Lanka's exporters and importers are working against multiple global and domestic disruptions in logistics in the pos...

Mahadiya Hamza

6 min read

Sri Lanka rupee plunges amid money printing as car imports collapse

Sri Lanka's rupee has plunged to 199 to the US dollar in March as vehicle imports collapsed to almost nothing, official ...

2 min read

Sri Lanka imports down 2.5-pct in Feb 2021, exports down 3.7-pct

Sri Lanka's imports were down 2.5 percent from a year ago to 1,524 million US dollars while exports were down 3.7 percen...

2 min read

Sri Lanka cuts exporter proceeds conversion rule to 10-pct

Sri Lanka has cut a requirement to covert export proceeds into rupees to 10 percent from an earlier 25 percent in new r...

1 min read

Sri Lanka seeks to extend payment terms for oil imports

Sri Lanka is in talks with oil supplying countries to extend payments terms for up to one year, Treasury Secretary S R A...

2 min read

Sri Lanka to allow palm stearin imports, other fractions 'unhealthy'

Sri Lanka will allow palm stearin, a fraction of palm oil produced through an industrial process used in food products, ...

3 min read

India says boosting Covid-19 vaccine production, as Sri Lanka faces delay in order

India is boosting vaccine production capacity as domestic cases also continue to rise and Sri Lanka has said the origina...

1 min read

Ban-nomics: Sri Lanka to ban imports of handloom textiles, printed batiks

Sri Lanka will ban the import of printed batik and handloom textiles to eliminate competition from imports for domestic ...

4 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 199.9033 199.9000
UK Pound 278.1954 277.5112
Euro 236.8554 236.3318
Aus Dollar 147.2188 147.1464
Yen 1.8214 1.8210
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6863 2.6830
Korea Won 0.1738 0.1732
Oman Rial 519.2428 519.2343
Saudi Riyal 53.3004 53.2910
UAE Dirham 54.4229 54.4220
Source: Central Bank/Indicative
pts %
S&P SL20 3,072.72 0.71%
CSE All Share 8,134.75 0.47%
Turnover Rs million. 2,191,558,044.10 1,806,549,564.70
Source: CSE
Latest Last
3-m bill 5.14 5.13
6-m bill 5.17 5.16
12-m bill 5.22 5.21
5-yr bond 7.35 7.34
8-yr bond 7.89 7.88
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 bakers not doomed by palm oil ban Trade Minister says, license raj to the rescue

Sri Lanka's bakery industry is not doomed as claimed by some but a license raj on import controls will be extended to re...

3 min read

Sri Lanka may revise midnight gazette banning palm oil: Minister

Sri Lanka may revise a midnight gazette banning the import of palm oil issued on April 06, cabinet spokesman Minister Ke...

1 min read

Sri Lanka palm oil ban would push up prices, give profits to those with stocks: Harsha

Sri Lanka's palm oil ban was a 'knee-jerk' reaction that would push up costs for consumers and businesses and would give...

2 min read

Many Sri Lanka expats in Lebanon who asked to return stays on

Sri Lanka's embassy in Lebanon said that 860 out of 1384 stranded Sri Lankans who had registered for an evacuation list ...

Mahadiya Hamza

1 min read

Sri Lanka Customs checking for leaks of coconut oil with aflatoxin

Sri Lanka Customs is deploying a separate team to check whether coconut oil with higher that permitted levels of aflatox...

3 min read

Sri Lanka Customs probing seized coconut oil bowsers amid aflatoxin scare

Sri Lanka customs has taken into their custody two bowsers which were said to contain coconut oil, an official said amid...

1 min read

Sri Lanka opposition calls for forensic audit on midnight tax linked 'sugar scam'

Sri Lanka's main opposition has called for a forensic audit of an alleged 'sugar scam' carried out as taxes were suddenl...

5 min read

Sri Lanka exports and imports could be disrupted if Suez canal remains blocked

Sri Lanka's exports and imports could be delayed if the Suez canal remains closed, as re-routing ships via the tip of Af...

2 min read

COPE orders investigation into dodgy Ilmenite sale

The COPE committee has ordered an investigation into how Lanka Mineral Sands Ltd sold 85,000 metric tons of Ilmenite for...

2 min read

Sri Lanka home builders going potty with sanitary ware prices soaring 300-pct: opposition

Sri Lanka's import controls placed to boost import substitution has strengthened monopolies, prices of sanitary ware hav...

4 min read