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Saturday December 10th, 2022

Sri Lanka hikes drug controlled prices amid money printing

Last increase given when the rupee was 196 Health Minister says

August 21, 2021 2 min read

India sends 280 tonnes of oxygen to Sri Lanka

At total of 280 tonnes of liquid medical oxygen to reach the island

August 20, 2021 1 min read

Sri Lanka exports rebound to top US$1bn in July 2021

Exports up despite third wave Coronavirus

August 20, 2021 2 min read

Sri Lanka June 2021 imports, trade deficit hit 3-year high as injections defeat controls

Output gap targeting of 2018, turned to full blown modern monetary theory in 2020.

August 13, 2021 3 min read
Sri Lanka services exports estimated at 313.2mn in Jan 2022

The exports were up 42.2 percent from January 2021

Sri Lanka Singapore FTA in operation as signed: Minister

A free trade deal between Sri Lanka and Singapore is in operation and there are no ongoing talks on changing the deal, E...

March 26, 2019 1 min read

Sri Lanka forum to share doing business with Myanmar, Thailand, Vietnam

Sri Lanka – The Greater Mekong Business Council of the Ceylon Chamber of Commerce will host an event where firms ...

March 19, 2019 1 min read

Sri Lankan imports fall sharply in December 2018, trade gap narrows

ECONOMYNEXT – Sri Lanka’s imports fell sharply in December 2018 from a year ago with the trade gap narrowi...

March 13, 2019 2 min read

Sri Lanka car market stalls as duty increase hits demand

Sri Lanka’s main car dealers were offering pre-budget prices for fleets of vehicles in stock, but the demand had ...

March 11, 2019 2 min read

Sri Lanka gets oil refinery, steel plant investments from Singapore

ECONOMYNEXT – Sri Lanka’s investment promotion agency has approved investments for a steel manufacturing p...

March 6, 2019 1 min read

Sri Lanka quality drive aims to cut costs, borders rejections for exporters

ECONOMYNEXT – Sri Lanka has started a national trade quality initiative with United Nations and European Union ai...

March 4, 2019 2 min read

Sri Lanka offers multiple entry visas for commercial activities

ECONOMYNEXT – Sri Lanka is to change its immigration rules to offer multiple entry visas for business people with...

March 4, 2019 1 min read

Protectionism under spotlight at Sri Lanka’s Asia Liberty Forum public event

ECONOMYNEXT - The Asia Liberty Forum co-hosted by Advocata Institute, a think-tank, and the Atlas Network, will start at...

February 28, 2019 2 min read

US resumes Millennium Challenge aid to Sri Lanka

ECONOMYNEXT – The United States has approved resuming Foreign Military Financing and Millennium Challenge Corpora...

February 28, 2019 1 min read

Policies needed to let export earnings trickle down to Sri Lankan workers

The International Labour Organization (ILO) called on Sri Lankan manufacturers and policy makers to let earnings from tr...

February 27, 2019 3 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 371.7757 371.7599
UK Pound 442.7119 438.8584
Euro 387.1945 385.3880
Aus Dollar 253.0234 251.0798
Yen 2.6686 2.6603
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4818 4.4863
Korea Won 0.2748 0.2747
Oman Rial 944.1068 944.1068
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.9627 98.9627
Source: Central Bank/Indicative
pts %
S&P SL20 2,464.20 -3.19%
CSE All Share 8,087.04 -2.47%
Turnover Rs million 1,626,658,918 1,576,314,848
Source: CSE
Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
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

More exports not creating formal jobs in Sri Lanka

ECONOMYNEXT- More exports are not increasing employment or formalisation of jobs in Sri Lanka, but give higher wages to ...

February 26, 2019 1 min read

Sri Lanka's Piramal Glass sees strong export growth if fuel is formula-priced

Sri Lanka's Piramal Glass Ceylon Plc says it can compete better with foreign producers and boost exports if furnace oil ...

February 21, 2019 1 min read

Sri Lanka's ceramic firms snarled in regulations; calls for more protection

Sri Lanka's ceramic tile makers are snarled in a plethora mining and transport regulations which is cutting access to ra...

February 16, 2019 4 min read

Sri Lanka warned against putting too many eggs in Chinese basket

Sri Lanka should diversify its financial and economic strategy to include more foreign partners to reduce geopolitical r...

February 10, 2019 2 min read

Sri Lanka price controls causing milk shortages; minister responds with pork tales

Milk powder shortage are emerging in Sri Lanka, a legislator warned as price controls hit suppliers, while a deputy mini...

February 6, 2019 3 min read

Sri Lanka should consider signing an FTA with EU: diplomat

The Sri Lankan government should consider signing a free trade agreement (FTA) to keep preferential market access after ...

February 5, 2019 2 min read

Sri Lanka Customs gets new chief, unions discuss future action

ECONOMYNEXT – A senior Sri Lankan finance ministry official has been appointed as acting director general of the ...

January 31, 2019 1 min read

Sri Lanka’s November trade gap narrows, imports fall

ECONOMYNEXT – A sharp slowdown in spending on imports, especially cars, helped narrow Sri Lanka’s trade de...

January 28, 2019 2 min read

Sri Lanka car registrations fell sharply amid currency, political crises

New vehicle registrations had fallen sharply November and December when a political crisis gripped Sri Lanka and the rup...

January 28, 2019 2 min read

Sri Lanka BOI, coast regulator to speed up investment approvals

ECONOMYNEXT – Sri Lanka’s investment promotion agency and the coastal regulator are to work closely togeth...

January 25, 2019 2 min read