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Friday December 3rd, 2021
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Sri Lanka is facing a monumental state failure after denying economic and civil freedoms for decades, destroying Sri Lan...
2 min read
The question is often asked whether Sri Lanka do without an International Monetary Fund program. It is certainly possi...
2 min read
Sri Lanka is heading for one of the biggest economic challenges in its history in 2021, with the central bank printing m...
2 min read
Sri Lanka aspired to be a Singapore after liberalizing trade and ending a closed economy of the 1970s, but it all failed...
2 min read
Mercantilist fallacies have devasted countries at peace
'A new type of superstition has got hold of people's minds, the worship of the state'
Sri Lanka is going from boom-bust to bust-bust in this credit cycle despite the injection of excess demand into the econ...
12 min read
Sri Lanka's toiling workers in the private sector who stand on their own feet are an unfortunate lot, caught between a n...
10 min read
In 2018 instability generated by an inconsistent monetary policy framework not only killed a nascent economic recovery t...
15 min read
Sri Lanka's United National Party has well and truly lost its reputation for economic management during three and a half...
12 min read
There are pronouncements that Sri Lanka is like Greece from both sides of the political divide, but that is not correct....
15 min read
Sri Lanka'S rupee has fallen with amid two liquidity spikes in 2018 just as the economy started to recover, underlining ...
17 min read
Sri Lanka's permanent currency depreciation worsened by periods of greater weakness is putting the country in the danger...
16 min read
Ethno-religious fascist forces are again in the ascendancy in Sri Lanka helped by an economic downturn triggered by mone...
13 min read
Sri Lanka's Central Bank is forced to collect forex reserves to be able to pay off government debt when necessary and me...
11 min read
Sri Lanka is on a recovery path, and this is the time when commercial bank credit picks up, the Central Bank cuts rates ...
12 min read
| Latest | Last | |
|---|---|---|
| US Dollar | 200.4453 | 201.9333 |
| UK Pound | 266.3818 | 268.6420 |
| Euro | 226.4030 | 228.9217 |
| Aus Dollar | 141.6848 | 143.6755 |
| Yen | 1.7720 | 1.7865 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 2.6730 | 2.6917 |
| Korea Won | 0.1699 | 0.1714 |
| Oman Rial | 520.6304 | 524.4953 |
| Saudi Riyal | 53.4321 | 53.8259 |
| UAE Dirham | 54.5712 | 54.9763 |
| pts | % | |
|---|---|---|
| S&P SL20 | 3,909.34 | 0.86% |
| CSE All Share | 11,252.30 | -0.27% |
| Turnover Rs million. | 2,191,558,044.10 | 11,075,225,300 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.56 | 7.63 |
| 6-m bill | 7.91 | 7.88 |
| 12-m bill | 8.25 | 8.16 |
| 5-yr bond | 10.56 | 10.58 |
| 8-yr bond | 11.21 | 11.20 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 5.93 | 5.99 |
| Gilt Repo | 5.14 | 5.14 |
| I-m SLIBOR | - | - |
With the rupee hitting new lows against the US dollar, driven by a REER-targeting devaluationist policy to hurt wage ear...
10 min read
Corruption in Sri Lanka's governments is partly due to the lack of an independent public service and permanent secretari...
6 min read
Sri Lanka's central bank and policymakers of the United National Party sowed the wind from 2015, printing money to destr...
18 min read
Classical liberal economists have long argued that free trade leads to peace and economic nationalism and protectionism ...
7 min read
Sri Lanka's credit is now slowing (compared to total deposits raised), allowing the central bank to easily purchase doll...
7 min read
A story doing round in Colombo these days is that when Sri Lanka's captains of rent - sorry industry - were asked about ...
11 min read
Sri Lanka's new trade policy published in the ministry of development strategies and international trade says a lot of h...
12 min read
Sri Lanka’s rulers and bureaucrats are planning to poke their itchy interventionist fingers on taxis and school v...
16 min read
Under planned ‘flexible inflation targeting’, Sri Lanka is supposed to target an inflation index, intervene...
23 min read
Sri Lanka is planning an 'anti-dumping' law to protect businessmen from exercising their power in markets. Anti-dumping ...
10 min read
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1 min read