mainadimage
Modal!
An Echelon Media Company
Saturday October 23rd, 2021
Trade

Sri Lanka exports down 8.2-pct in August 2020; UK, Italy, China up

Sri Lanka's merchandise exports fell 8.2 percent to 947.7 million US dollars in August 2020, from 1,033.2 million a year...

3 min read

State Minister says poor quality goods are being imported

State Minister of Co-operative Services, Marketing Development and Consumer Protection Lasantha Alagiyawanna is saying t...

3 min read

Sri Lanka President orders 15-pct import tax on gold removed

Sri Lanka President Gotabaya Rajapaksa has ordered a 15 percent tax on gold to be removed to reduce the costs of the jew...

3 min read

Sri Lanka automobile sector in trouble with import controls, regime uncertainty

Sri Lanka's auto sector is grinding to a halt while some type of tyres are also no available in the market, with import ...

3 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 ...

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...

India, Sri Lanka urged to be more open; new trade deal expected in December

India and Sri Lanka are likely to sign a new trade deal by December and both countries should be more open in order to i...

3 min read

New laws for Sri Lanka ‘Port City’, but within constitution: Harsha

ECONOMYNEXT – A new financial centre to be built on a Chinese-funded ‘Port City’ reclamation project...

1 min read

Sri Lanka's pharma firms call for depreciation linked price controls

Sri Lanka's pharmaceutical firms, hit by rising costs from currency deprecation are calling for controlled prices to be ...

7 min read

Sri Lanka using FTAs in multi-party system is courageous: Aussie Expert

Using free trade agreements as the key tool of reform in a multi-party political system is a bold move, an Australian ex...

3 min read

Sri Lanka could gain from US-China trade war

Sri Lanka could get more manufacturing investment as economic tensions between the US and China grow, and companies try ...

2 min read

Sri Lanka migrant workers in Korea trained on entrepreneurship - Corrected

Sri Lanka's embassy in Seoul, and Colombo-based Hatton National Bank had trained migrant workers in several cities in So...

1 min read

Chinese companies flee overseas to avoid US tariffs

A growing number of Chinese companies are adopting a crafty way to evade US President Donald Trump's tariffs: remove the...

4 min read

Sri Lanka's Heladiv set up US unit to market tea

HVA Foods Plc, a Sri Lanka based company known for its Heladiv branded ready-to-drink tea, said it has opened a unit in ...

2 min read

Sri Lanka, Kenya build business ties, seek to exploit strategic locations

ECONOMYNEXT- Sri Lanka and Kenya can mutually benefit through closer business ties due to their strategic locations, a j...

2 min read

Sri Lanka would lose out if Singapore FTA is abandoned: Trade Expert

Sri Lanka would face reputational damage and outward flight of investments if it leaves the Singapore free trade agreeme...

4 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 201.0455 200.5117
UK Pound 277.3121 277.2676
Euro 233.7456 233.8869
Aus Dollar 150.2614 151.2660
Yen 1.7625 1.7543
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6854 2.6801
Korea Won 0.1705 0.1707
Oman Rial 522.2097 520.8231
Saudi Riyal 53.6007 53.4541
UAE Dirham 54.7338 54.5885
Source: Central Bank/Indicative
pts %
S&P SL20 3,572.70 0.54%
CSE All Share 9,881.50 1.78%
Turnover Rs million. 2,191,558,044.10 4,268,523
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

Sri Lankan, Chinese investors to meet at Beijing investment conclave

ECONOMYNEXT – A Sri Lanka investment conclave to be held in Beijing this month seeks to draw Chinese investors to...

2 min read

Ethanol smuggled to Sri Lanka as thinner, cologne: DCSL

Amid high import duties, ethanol the main ingredient for making arrack is being imported to Sri Lanka by politically con...

2 min read

US trade head, American firms in Sri Lanka hold closed-door talks

ECONOMYNEXT – A United States trade representative has held a closed door meeting with officials of American busi...

1 min read

Sri Lanka state workers could arbitrage Rs15bn in taxes from car 'permits'

Sri Lanka's state workers could arbitrage taxes of around 15 billion rupees by re-selling duty-slashed permits that have...

2 min read

Illegal tea imports rampant, top Sri Lankan exporter says

Sri Lanka’s tea industry is suffering because illegal imports of cheap tea is rampant, top tea exporter Dilmah Ce...

1 min read

Sri Lanka and Myanmar hope to boost trade with 1999 deal

ECONOMYNEXT - Sri Lanka and Myanmar have agreed to revive a two-decades-old trade agreement between the two countries wh...

1 min read

Sri Lanka’s June trade gap widens to US$795mn

ECONOMYNEXT – Sri Lanka’s trade gap widened sharply in June 2018 to US$795 million from $554 million a yea...

3 min read

Sri Lanka to review Singapore FTA annually

A Sri Lanka Free Trade Agreement with Singapore can be reviewed annually, and the government will set up an independent ...

3 min read

Sri Lanka Aluminium maker calls for quality controls

Sri Lankan aluminium industry which is already protected with import duty, should be further controlled with quality reg...

3 min read

Footwear, confectionery protected in Sri Lanka-S’pore free trade deal

ECONOMYNEXT – Sensitive domestic industries like footwear and confectionery remain protected in Sri Lanka’...

2 min read