An Echelon Media Company
Friday June 18th, 2021
Trade

Sri Lanka imports at US$1.7bn in April, trade deficit 889mn amid credit recovery

Economic activity slows in April after surge in March

2 minutes

Sri Lanka to discuss preferential trade deal with Bangladesh

Bilateral trade minimal despite various agreements

1 min read

Sri Lanka has cancelled 216 LCs for 14,000 vehicles after March 2020 import ban: trade gro...

Ban has led to skyrocketing second had car prices

2 min read

Gulam Chatoor founder of Sri Lanka Spice Traders Association steps down

His career spanned over 70-years

2 min read

Losing GSP+ will spell disaster for Sri Lanka's economy: former PM Wickremesinghe

"In the face of the danger that has arisen, the GSP+ must not be politicised."

Sri Lanka diplomats should help keep GSP+ going: Central Bank Governor

CB is also working on measures

Sri Lanka President plants turmeric in garden in import substitution drive

Five 'grade-A' turmeric plants would be given to 1.5mn families to produce their own requirements

2 min read

Sri Lanka merchandise exports reach US$1,066.1mn in March 2021

Export earnings were up 11.5 percent in the first quarter of 2021 to 2,945.53 million US dollars.

1 min read

Sri Lanka raises tax on imported potatoes to Rs50

Sri Lanka has raised a tax on potatoes to give higher profits to farmers as harvests come in

1 min read

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

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 199.8265 199.8643
UK Pound 278.4682 279.8000
Euro 238.1133 239.8771
Aus Dollar 150.8590 152.4765
Yen 1.8136 1.8065
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6932 2.7276
Korea Won 0.1765 0.1772
Oman Rial 519.0434 519.1415
Saudi Riyal 53.2842 53.2943
UAE Dirham 54.4019 54.4122
Source: Central Bank/Indicative
pts %
S&P SL20 3,079.59 0.23%
CSE All Share 7,659.00 0.23%
Turnover Rs million. 3,955,091
Source: CSE
Latest Last
3-m bill 5.08 5.06
6-m bill 5.12 5.11
12-m bill 5.17 5.16
5-yr bond 7.30 7.31
8-yr bond 7.86 7.85
Source: Central Bank/Indicative
today yesterday
Overnight Money 4.67 4.67
Gilt Repo 4.68 4.68
I-m SLIBOR - -
Source: Central Bank/Indicative

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

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

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