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Sunday February 5th, 2023

Sri Lanka slaps price controls on sugar, rice amid money printing

Sugar at Rs122 for bulk Rs125 for packets

September 3, 2021 2 min read

Sri Lanka seizes sugar stocks through emergency law amid monetary instability

Sugar was seized from Pyamid Wilmar, Global Trading, Wilson Trading Company and R G Stores

September 1, 2021 2 min read

Sri Lanka sugar importers caught in CPC-style unhedged forex losses

Sugar imported now has to be paid in 180 days

September 1, 2021 2 min read

Sri Lanka issues emergency food regulations as prices go up, rupee weakens

Major General appointed to co-ordinate food distribution

August 30, 2021 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."

Brexit hit on Sri Lanka trade minimal: ADB

Sri Lanka will not be greatly affected by Brexit, and trade redirection to increase agricultural and industrial exports ...

April 7, 2019 3 min read

Sri Lanka to lift block on tax-slashed car imports for state workers

Sri Lanka will progressively lift restrictions on tax free imports of cars for state workers from May 01 and lift all re...

April 5, 2019 1 min read

Sri Lanka urged to promote services exports to UK

ECONOMYNEXT – Sri Lanka should promote more services exports to the United Kingdom as it seeks to retain preferen...

March 28, 2019 2 min read

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
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 371.7127 371.6601
UK Pound 453.5962 453.9794
Euro 396.3156 396.4763
Aus Dollar 250.1862 251.1981
Yen 2.8251 2.7549
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.3961 4.3963
Korea Won 0.2820 0.2791
Oman Rial 943.2237 943.2268
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.8729 98.8786
Source: Central Bank/Indicative
pts %
S&P SL20 2,653.84 -1.51%
CSE All Share 8,420.26 -1.04%
Turnover Rs million 4,621,153,484 2,824,714,520
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

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

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