An Echelon Media Company
Wednesday September 27th, 2023

Sri Lanka generates USD 315 mn exporting gems & jewellery in 2023 so far: minister

“The Central Bank confirms a remarkable 34 percent growth in export revenue for the Gems and Jewellery Authority."

August 22, 2023 2 min read

Defaulted Sri Lanka looking to 'guarantee' unrecognized truck, bus LCs

Vehicle importers complain that import LCs are not recognized internationally

August 22, 2023 2 min read

Sri Lanka cannot progress with import restrictions: Minister

"There cannot be another economic crisis from removing restrictions. A country cannot go on with import controls.”

August 21, 2023 2 min read

Sri Lanka gets more remittances from Maldives than Australia

Middle Eastern states with currency board like arrangements and liberal work visas were top sources of remittances

August 20, 2023 2 min read
Sri Lanka Cabinet postpones SVAT abolition

Cabinet agreed to postpone repeal of the simplified value added tax (SVAT) to April 1, 2025.

Sri Lanka customs confiscates mis-declared arecanut

Sri Lanka Customs confiscates arecanut valued at 27,484,868 rupees.

Sri Lanka gives expatriate workers more time to qualify for EV permit

To given them time to remit more money, the deadline has been extended to September 15, 2023

May 16, 2023 1 min read

Sri Lanka proposed anti-terror law threatens EU GSP+ renewal in 2024: Harsha

More than 500 million dollars worth of goods are exported under GSP+

May 11, 2023 2 min read

Sri Lanka citizens given extra duty free baggage on inward remittances

A 'Platinum' category that had remitted over 24,000 dollars would get an extra 4,800 dollars

May 8, 2023 1 min read

Main Sri Lanka goods and services exports in US$155mn surplus over imports in March

In 1Q 2023 goods exports and remittances were US$4,409mn US dollars and merchandise imports were US$2.998mn

April 29, 2023 2 min read

Sri Lanka trade taxes below target in 2023 Q1 due to import controls: Minister

Plans to lift import more import controls

April 19, 2023 2 min read

Sri Lanka's Consumer Affairs Authority contributory party to economic crisis: Minister

Aggrieved parties may be able to go the Supreme Court to seek redress

April 19, 2023 3 min read

Sri Lanka remittances return to pre-output gap targeting levels in March 2023

Before the central bank started to mis-target rates monthly remittances ranged from US$500 to 600mn

April 7, 2023 2 min read

Sri Lanka exporters hit as costs catch-up after depreciation

Electricity tariffs were hiked to account for higher rupee costs of coal and liquid fuels

March 30, 2023 6 min read

Sri Lanka exports down 8.6-pct in February 2023, as rupee strengthens


March 27, 2023 2 min read

Sri Lanka's Seylan Bank opens Indian rupee Nostro account in Mumbai

India and Sri Lanka can avoid using US dollars

March 19, 2023 1 min read
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US Dollar 330.2942 315.1016
UK Pound 429.0139 401.1871
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Aus Dollar 227.2526 211.5951
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8-yr bond 19.42 20.55
Source: Central Bank/Indicative
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Sri Lanka likely to see further beef price hike over lump disease in North

The disease is also slightly spreading to other provinces in Sri Lanka

Roshani Fernando
March 16, 2023 2 min read

Sri Lanka import control lifting requires examination, minister says despite deflationary policy

Sri Lanka slapped import controls in 2020 as the central bank printed money

March 12, 2023 5 min read

Sri Lanka, India in talks on using Indian rupees to settle transactions: foreign minister

"We're grateful for what India has done; and we see India rising and we want to rise together," he said.

Himal Kotelawala
March 8, 2023 2 min read

Sri Lanka to fast-track FTA with Thailand in bid to boost exports

"The only way to mitigate this is to increase dollar income and reduce outflows."

Chanka Jayasinghe
February 14, 2023 2 min read

Sri Lanka's egg producers grumble over forced price reduction

Egg prices jumped to as high as 70 rupees in December

Roshani Fernando
February 11, 2023 2 min read

Sri Lanka firms target agro exports with German backing

International Green Week draws over 400,000 visitors

February 2, 2023 2 min read

Sri Lanka exporters getting advance payments in fix over forced fx conversion

Advance payments are converted before goods are shipped at least by two banks

January 23, 2023 2 min read

Sri Lanka imports down 18-pct in Nov 2022

In November exports fell 17.9 percent to 994 million Us dollars

January 9, 2023 1 min read

Sri Lanka begins third round of FTA talks with Thailand

Expects to have the deal in operation from 1Q 2024

January 9, 2023 1 min read

Sri Lanka primary dealers could be hit most by coupon clip in a DDR

"A DDR that wipes out the primary dealers will seriously affect the ability of the government to raise funds"

January 8, 2023 3 min read
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