An Echelon Media Company
Friday August 12th, 2022

Power cuts dampen Sri Lanka rubber product exports despite higher global demand - SLAMERP

Sri Lanka's rubber products can grow up to 30% in US dollar revenue if uninterrupted power supply ensured

June 3, 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

June 2, 2022 1 min read

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

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

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
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 368.6127 368.6127
UK Pound 447.0879 446.9724
Euro 378.4089 377.3186
Aus Dollar 258.8081 259.7439
Yen 2.7436 2.7454
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.5360 4.5360
Korea Won 0.2758 0.2758
Oman Rial 937.4943 937.4943
Saudi Riyal 95.9947 95.9947
UAE Dirham 98.2658 98.2658
Source: Central Bank/Indicative
pts %
S&P SL20 2,928.96 4.46%
CSE All Share 8,706.17 2.43%
Turnover Rs million 4,506,916,091 3,748,329,990
Source: CSE
Latest Last
3-m bill 26.24 26.34
6-m bill 26.52 26.51
12-m bill 27.36 27.11
5-yr bond 23.86 23.10
8-yr bond 24.21 24.35
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

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

Sri Lanka import 45-pct of wheat, other grains, sunflower oil from Russia, Ukraine: IPS

Forex crisis compounds the problem

February 28, 2022 2 min read