An Echelon Media Company
Saturday January 29th, 2022
Bellwether

Sri Lanka facing 2021 with reckless MMT, stimulus mania: Bellwether

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

Why Sri Lanka cannot be a Singapore, a Chief Festus budget: Bellwether

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

Why Sri Lanka cannot be a Vietnam, Coronavirus response: Bellwether

Sri Lanka was at one time talking about trying to be a Singapore, and then a Malaysia, and now it is talking about tryin...

2 min read

Sri Lanka constitution making: how democracy does not equal freedom: Bellwether

In Sri Lanka when the elected ruling class tries to amend the constitution and amass greater power at the expense of ind...

2 min read

Sri Lanka economy bought to tipping point by monetary fallacies: Bellwether

Mercantilist fallacies have devasted countries at peace

Sri Lanka to pick losers as omniscient elites drive interventionism to extremes: Bellwether

'A new type of superstition has got hold of people's minds, the worship of the state'

What Sri Lanka can do to improve the credibility of its dollar soft-peg: Bellwether

Sri Lanka's Central Bank is forced to collect forex reserves to be able to pay off government debt when necessary and me...

Bellwether

11 min read

Sri Lanka is recovering, Central Bank threat looms: Bellwether

Sri Lanka is on a recovery path, and this is the time when commercial bank credit picks up, the Central Bank cuts rates ...

Bellwether

12 min read

Sri Lanka's devaluationist REER targeting is a tiger's tail

With the rupee hitting new lows against the US dollar, driven by a REER-targeting devaluationist policy to hurt wage ear...

Bellwether

10 min read

Sri Lanka needs real ministers, a real cabinet and a Prime Minister to play monitor: Bellwether

Corruption in Sri Lanka's governments is partly due to the lack of an independent public service and permanent secretari...

Bellwether

6 min read

Sri Lanka's UNP pays the price for currency depreciation, REER targeting: Bellwether

Sri Lanka's central bank and policymakers of the United National Party sowed the wind from 2015, printing money to destr...

Bellwether

18 min read

Sri Lanka's economic nationalism on tiles backfires on tea: Bellwether

Classical liberal economists have long argued that free trade leads to peace and economic nationalism and protectionism ...

Bellwether

7 min read

Sri Lanka's Central Bank should sell own securities in new credit cycle: Bellwether

Sri Lanka's credit is now slowing (compared to total deposits raised), allowing the central bank to easily purchase doll...

Bellwether

7 min read

Shocking parallels in abolishing slavery and protectionist exploitation in Sri Lanka: Bellwether

A story doing round in Colombo these days is that when Sri Lanka's captains of rent - sorry industry - were asked about ...

Bellwether

11 min read

Sri Lanka's new trade policy has deadly Mercantilist myths: Bellwether

Sri Lanka's new trade policy published in the ministry of development strategies and international trade says a lot of h...

Bellwether

12 min read

Tuk-tuk, school van regulation in Sri Lanka can create a bus-style fiasco - Bellwether

Sri Lanka’s rulers and bureaucrats are planning to poke their itchy interventionist fingers on taxis and school v...

Bellwether

16 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 202.0000 202.0000
UK Pound 271.5789 271.5789
Euro 224.2978 226.8561
Aus Dollar 141.6485 143.0261
Yen 1.7429 1.7640
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6749 2.6890
Korea Won 0.1670 0.1680
Oman Rial 522.5672 524.6685
Saudi Riyal 53.6238 53.8480
UAE Dirham 54.7749 54.9952
Source: Central Bank/Indicative
pts %
S&P SL20 4,400.91 -1.73%
CSE All Share 12,885.70 -1.38%
Turnover Rs million. 2,191,558,044.10 7,595,436,655
Source: CSE
Latest Last
3-m bill 8.18 7.91
6-m bill 8.36 8.18
12-m bill 8.51 8.37
5-yr bond 11.26 10.93
8-yr bond 11.81 10.93
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.93 5.99
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka may be heading for a triple anchor, 'inflation targeting' oxymoron: Bellwether

Under planned ‘flexible inflation targeting’, Sri Lanka is supposed to target an inflation index, intervene...

Bellwether

23 min read

Protectionist taxes plunder the weak, destroying potential new jobs in Sri Lanka

Sri Lanka is planning an 'anti-dumping' law to protect businessmen from exercising their power in markets. Anti-dumping ...

Bellwether

10 min read

Sri Lanka's Weimar Republic factor is inviting dollar sovereign default: Bellwether

A grave new risk had emerged to Sri Lanka's monetary stability and sovereign credit with the Treasury pressuring the cen...

Bellwether

13 min read

Sri Lanka haunted by illiberal ghosts of Mahinda Chinthana amid drought

Sri Lanka is facing several headwinds, amid talk of an impending economic crisis, which is coming from excessive relianc...

13 min read

Sri Lanka’s milch cow of an improvident state: a nightmare central bank prophesy that came tr...

Economists and governance activists have been shocked over recent threats and actions by Sri Lanka’s current admi...

Bellwether

13 min read

Deadly interventions from Sri Lanka's Yahapalanomics vie with Trumponomics: Bellwether

Sri Lanka’s Yahapalanaya administration has tarnished the United National Party’s reputation for good econ...

Bellwether

11 min read

Lessons for Sri Lanka as Trump, Brexiters ride nationalist hate wave in the West: Bellwether

Nationalist hate is once again rising in the West, as shown by Brexit and Donald Trump amid an economic downturn while S...

Bellwether

9 min read

Sri Lanka should never again demonetize like India, giving reasons to trust the dollar: Bellwether

India's rulers suddenly demonetised 500 and 1000 rupee notes on November 08, making them valueless, supposedly to draw '...

Bellwether

5 min read

Sri Lanka's prerogative tax impunity checked in Magna Carta moment

When King John imposed yet another scutage, the main tax of the times that was the basis of a feudal serfdom, on the bar...

Bellwether

7 min read

Sri Lanka should beware of false claims over 'undervalued' East Asia currencies

Sri Lanka's new Central Bank Governor Indrajit Coomaraswamy has correctly identified the fundamental problem with the co...

Bellwether

13 min read