An Echelon Media Company
Tuesday November 29th, 2022
Trade

Sri Lanka may cut high tax sanitary napkins after currency crisis pushes up price

Teachers unions have said school kids were staying away because they could no longer afford sanitary napkins

September 20, 2022 2 min read
2

Sri Lanka to allow maize, soybean imports on open account

Maize and Soybean could be imported by registered poultry feed makers

September 20, 2022 2 min read
2

Sri Lanka looks for more economic links with Greater Mekong region

The Greater Mekong Chamber deals with East Asian countries

September 18, 2022 2 min read
2

Sri Lanka President relaxes import ban on over 150 items

Toilet paper allowed, squatting pans banned

September 14, 2022 2 min read
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Sri Lanka remittances slightly up in September 2022

Official remittances were also up from 325.4 million US dollars in August

Sri Lanka April 2022 exports hit record high amid forex shortages

Forex shortage disrupt energy supplies to industries

May 23, 2022 2 min read

Sri Lanka food importers seek exemption from open account trade ban

Delays in banks releasing dollars could spoil food

May 23, 2022 2 min read

Sri Lanka non-oil imports down in March 2022 as soft-peg collapses

Non-oil imports fell 17.7 percent to 1,299.1 million US dollars in March 2022

May 21, 2022 3 min read

Sri Lanka food shortfalls, high prices feared after open account, DA/DP ban

Food suppliers have been willing to extend credit to local importers due to strong relationships spanning generations

May 20, 2022 2 min read

Sri Lanka exports soar in Feb 2022, imports up with tourism, credit

Tourism receipts estimated at US$174mn up from US$9mn last year

May 13, 2022 2 min read
1

Sri Lanka's Abans outlook cut to negative over soft-peg collapse

The Negative Outlook reflects the deteriorating operating conditions for consumer-durable retailers

May 2, 2022 9 min read

Sri Lanka to ban open account imports to curb Undiyal/Hawala

"We see that there is a large volume of money going through the Hawala/Undiyal systems

April 29, 2022 4 min read
2

China hopeful of FTA talk resumption with Sri Lanka

The FTA between the two countries have not taken place since 2017 after Sri Lanka asked for more time to decide

Shihar Aneez
April 25, 2022 3 min read
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Sri Lanka food importers need US$200mn a month, await India credit line

They are trying but so far no money has come

April 24, 2022 2 min read

Sri Lanka imports oil without letters of credit

There is an understanding that the ordered stocks will be purchased

April 14, 2022 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
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Korea Won 0.2748 0.2747
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pts %
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Turnover Rs million 1,626,658,918 1,576,314,848
Source: CSE
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3-m bill 31.03 31.03
6-m bill 29.57 29.60
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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
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I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka has to act on finance minister, IMF, before economy falls off precipice: chambers

We have to act before the economy falls off a complete precipice

April 8, 2022 2 min read

Sri Lanka imports up 23-pct in January as tourism recovers

Exports also up

April 2, 2022 2 min read
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Sri Lanka import licenses will worsen economic crisis, promote corruption: think tank

Forex shortages are a problem associated with pegged exchange rates which do not allow short term rates to float

March 23, 2022 3 min read

Sri Lanka Ceylon Chamber chief thanks India for USS2.4bn in financial support

India is also recognised as a key investment partner of Sri Lanka

March 23, 2022 1 min read

Sri Lanka to appoint technical committee to negotiate with IMF, hire law firm

A transparent process will be followed

March 22, 2022 1 min read
3

Sri Lanka to use Indian credit line to clear goods, medicines stuck at port

About US$200mn expected to be allocated for medicines

March 22, 2022 1 min read

China resumes Sri Lanka FTA push amid Indian tactics over loans, energy deals

Finalising the proposed FTA between Sri Lanka and China would immensely benefit the local market and products

March 21, 2022 5 min read

Cup of milk tea to cost 100 rupees in Sri Lanka: reports

Milk tea -- a mix of hot, strong tea with powdered and usually sugar -- is a favourite beverage in Sri Lanka.

March 20, 2022 2 min read

Milk powder prices in Sri Lanka spike again

A 400g pack will be sold at 790 rupees while a 1kg pack will be sold at 1,945 rupees.

Chanka Jayasinghe
March 19, 2022 1 min read

Sri Lanka inks billion dollar credit for food, meds, from State Bank of India

US$ 1 billion credit line signed for essential commodities

March 17, 2022 1 min read
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