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Monday October 18th, 2021
Trade

Sri Lanka exports up 5.6-pct to one billion dollars in September 2020, UK up 38-pct

Sri Lanka's exports have grown 5.6 percent from a year earlier to 1.001.27 million dollars in September 2020, with expor...

3 min read

Sri Lanka to activate anti-dumping laws from October 10 amid import controls

Sri Lanka will enforce anti-dumping laws from October 10, a state gazette notice said, tightening the grip of businesses...

3 min read

Sri Lanka slaps Rs300 import tax on moulded and beaded bamboo

Sri Lanka has slapped 300 rupee per kilogram tax on moulded bamboo used in construction, according a government gazette...

3 min read

India expects Sri Lanka to move on port, energy; US$1bn swap, debt relief talks continue: Rajapaksa-...

India expects Sri Lanka to go ahead with agreed deals on ports and energy request for Prime Minister Narendra Modi had s...

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...

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 ...

New inspection facility for Sri Lanka Customs

ECONOMYNEXT – Sri Lanka’s Customs is planning to set up a new inspection facility with Asian Development ...

1 min read

Sri Lanka tightens gap in trade controls

Sri Lanka's central bank has tightened a loophole in newly slapped import restrictions to stop items like baby cologne, ...

2 min read

Sri Lanka’s price controls ineffective: Advocata

ECONOMYNEXT - Price controls set by the Sri Lankan government do not benefit consumers or traders, a recent report relea...

3 min read

Sri Lanka Customs to speed up cargo clearance with ADB aid

ECONOMYNEXT – The Asian Development Bank (ADB) is helping Sri Lanka’s Customs to speed up cargo clearance...

2 min read

Plugging into Indian supply chains could raise Sri Lankan exports: World Bank

There is untapped export potential for Sri Lanka if it plugs into India’s local and regional value chains, a new ...

2 min read

Sri Lanka finance minister talks down rupee

Sri Lanka's finance minister Mangala Samaraweera talked down the rupee as the soft-pegged currency hit a new low below 1...

2 min read

High protection betrays uncompetitiveness of Sri Lankan industry

ECONOMYNEXT - Prohibitive import tariffs that protect domestic industry from competition are an indication of the ineffi...

2 min read

Sri Lanka, Seychelles to deepen trade, tourism ties

ECONOMYNEXT - Sri Lanka and the Seychelles have agreed to develop trade and tourism relations between the two countries ...

1 min read

Sri Lanka primary exports may exceed US$1.5bn target easily: Minister

Sri Lanka may easily exceed a 2025 target of 1.5 billion dollar exports in spices, fruits and vegetables and fisheries w...

2 min read

Sri Lanka needs to generate public support for trade reform

Sri Lanka needs to convince the public about the benefits of trade so they could prod politicians to make the reforms to...

2 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 200.0930 201.2500
UK Pound 274.9278 275.3503
Euro 231.9678 233.5204
Aus Dollar 148.4390 149.2873
Yen 1.7539 1.7676
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6665 2.6988
Korea Won 0.1689 0.1701
Oman Rial 519.7356 522.7409
Saudi Riyal 53.3468 53.6567
UAE Dirham 54.4745 54.7895
Source: Central Bank/Indicative
pts %
S&P SL20 3,546.17 -0.01%
CSE All Share 9,648.18 0.25%
Turnover Rs million. 2,191,558,044.10 705,911,605
Source: CSE
Latest Last
3-m bill 7.19 6.64
6-m bill 7.31 6.80
12-m bill 7.46 6.96
5-yr bond 10.52 9.48
8-yr bond 11.37 9.97
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

Scrapping trade barriers could double Sri Lankan exports to South Asia: World Bank

ECONOMYNEXT - Sri Lanka has the potential to more than double its exports to South Asia to $2.8 billion from $1.2 billio...

2 min read

Sri Lanka July exports up 5.7-pct, tea, garments down

ECONOMYNEXT – Sri lanka’s earnings from merchandise exports surpassed a billion US dollars for the second ...

3 min read

Sri Lanka rail investor seeks duty free helicopter imports, subsidized electricity

ECONOMYNEXT – An investor proposing to make high-speed trains in Sri Lanka has asked for a range of concessions i...

3 min read

U.S. offers Sri Lanka investment alternative to Chinese debt

ECONOMYNEXT – The United States can offer Sri Lanka investments backed by its development finance agency that cou...

2 min read

Sri Lanka’s BOI says still seeking funding sources of high speed rail proposal

ECONOMYNEXT – Sri Lanka’s investment promotion agency said it has deferred approval of a high speed railwa...

3 min read

Sri Lanka to relax import rules for processed food exporters

ECONOMYNEXT - Sri Lanka is proposing to make it easier to import planting materials and fresh produce like coconuts, fru...

3 min read

Sri Lanka car dealers hold prices as demand drops

Car dealers offered vehicles at discounted prices despite a sharp appreciation of the dollar and the yen as many prospec...

2 min read

Singer Sri Lanka, Abans margins could weaken further: Fitch

ECONOMYNEXT – Sri Lanka's new import regulations to defend a falling rupee could weaken cash flows and margins of...

3 min read

Sri Lanka's 'permit' moratorium could cut $210mn vehicle imports

ECONOMYNEXT - Sri Lanka's moratorium on tax slashed 'permits' to politicians and state worker could reduce or shift an e...

2 min read

Sri Lanka halts tax free vehicles for ruling class to protect rupee

Sri Lanka has stopped the imports of tax free cars for members of the elected ruling class and state workers for one yea...

2 min read

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