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Tuesday September 28th, 2021
Trade

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

6 min read

Sri Lanka hikes import duty on onions to Rs40 per kilogram

Domestic farmers are harvesting now

6 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

6 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

6 min read

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

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

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

Sri Lanka BOP deficit tops billion dollars in May, trade gap soars amid money printing

Trade gap up to May 2021 soars to 3.6bn, higher than the 3.2bn in 2019 with no import controls

2 min read

Sri Lanka could double exports to US$20bn with organic crops after fertilizer ban: Trade Minister

"If we make the country organic we can earn 20 billion US dollars in two years." the minister said

Imesh Ranasinghe

3 min read

Sri Lanka exports up 9.4-pct in June 2021

US, UK, Germany leads

2 min read

Sri Lanka apparel exporters hopeful of GSP+ extension

Says authorities addressing concerns

2 min read

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

Investment and intermediate goods 'permitted' by bureaucrats surge

5 min read

Sri Lanka 2016-2017 cash subsidy reduced fertilizer use but not yield: Minister

Imports were 400,000 tonnes in 2016 compared to 900,000 in 2019

Imesh Ranasinghe

2 min read

Sri Lanka updates EU on terror revision ahead of GSP+ monitoring mission

EU had raised concerns over rule of law

5 min read

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

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

2 min read

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

Rice price spike not due to fertilizer ban

4 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.

1 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

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

Economic activity slows in April after surge in March

2 min read

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 group

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."

3 min read

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

CB is also working on measures

Imesh Ranasinghe

3 min read

Sri Lanka can continue to control imports: Central Bank

There are goods that can be made in the country that is better than the foreign ones

1 min read

Sri Lanka exports maintain momentum in April 2021

Exports maintain 2019 level just as a third wave hits

2 min read

Sri Lanka imports surge in March 2021 despite controls as credit, exports recover

Analysts had warned that imports will rise as credit picked up and import controls were a Mercantilist policy error

3 min read