An Echelon Media Company
Sunday July 14th, 2024

Fifteen years after the end of the war, victims still await justice at Mullivaikkal: Amnesty

“Today’s anniversary is a grim reminder of the collective failure of the Sri Lankan authorities"

May 18, 2024 3 min read

Sri Lanka's Easter Bombings: A Preventable Tragedy

If it was, preventable, then why was it not?

April 21, 2024 7 min read

Sri Lanka could get hit from a disorderly US tumble: Bellwether

Every time the US engaged in bad policy Sri Lanka was hit

April 16, 2024 10 min read

Regional integration to empower Sri Lankan women

Providing equal employment opportunities for men and women can enable South Asia to enhance incomes by 25%.

April 4, 2024 6 min read
Central bank swaps symptomatic of Sri Lanka's IMF return tickets and default: Bellwether

Outlawing central bank swaps should be a key measure in preventing a second default

How Sri Lanka's elections are decided by macro-economists and the IMF: Bellwether

Stabilization provide fertile grounds to elect the fringe

Sri Lanka, the Wedding Isle

Every wedding is special for participants and ordinary for the rest of the world.

Krishantha Prasad Cooray
January 13, 2024 4 min read

Why the IMF is hated now and is backing bad money in Sri Lanka and Latin America

Before the Second Amendment IMF could

December 19, 2023 13 min read

Lanka’s Blue Whale: Eight Evolutionary Stages (Part I)

Science is learning more and more about how these astonishing animals came to exist in the first place

Mark Hager
November 15, 2023 10 min read

Sri Lanka VAT increase is better than killing economic freedoms with income tax

Tax slabs should keep pace with inflation, dependent allowances should be considered

November 9, 2023 7 min read

Sri Lanka's deficit lie: the inflationist narrative that leads to currency crises and default

Deficits do not rise much in the year that a currency crisis is triggered, but in the stabilization year

October 23, 2023 12 min read

Sri Lanka's new central bank act with John Law clause reverts to classical Mercantilism

Targeting GDP with easy money dates back to Scottish Mercantilist John Law and fully flexible policy to James Steuart.

October 17, 2023 13 min read

Sri Lanka police in dire straits as three-times lucky IGP gets extension: focus

Our police correspondent examines the crisis in the department

Police Correspondent
October 15, 2023 4 min read

Sri Lanka should be cautious in expanding socialist leaning taxes

High direct tax rates, capital consumption taxes, are not a substitute for monetary stability

October 9, 2023 13 min read

Sri Lanka's trade and cultural links across the Indian Ocean from antiquity


October 8, 2023 7 min read

J.P. Narayan: Socialist Gandhism

Marxist Critic of Gandhi Becomes an Adherent, But Finally Finds Transformational State Power Indispensable

September 11, 2023 34 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka should be careful in over-relying on GFN at the expense of stability: Bellwether

Countries where inflationists cannot engage in macro-economic policy with money printing have low debt

September 11, 2023 7 min read

Sri Lanka draws up law on online "untruths", religious hurts

Law will arbitrate on the truth or otherwise of various statements published online

September 5, 2023 1 min read

Sri Lanka interest rates are dictated by the IMF reserve target, not inflation

It is a shame that country with a 20-pct savings rate cannot maintain reserves and has to depreciate the currency

August 14, 2023 15 min read

Sri Lanka tables DDR tax hike amendment in parliament

The amendment was published on the government gazette on July 17

August 9, 2023 2 min read

Sri Lanka legislators should deny high inflation goal independence to the central bank

If parliament rubber stamps a 4-6-pct inflation target, a second default is more certain

July 31, 2023 12 min read

Sri Lanka central bank will be unaccountable as long it can punish victims

The new central bank goal and objective are a personification of the impossible trinity of monetary policy objectives

July 12, 2023 10 min read

Sri Lanka can cut rates now, keeping them down as credit picks up will hit rupee: Bellwether

Reserves can be collected by impoverishing the poor, or by taking in their savings

July 5, 2023 7 min read

Why is Sri Lanka's rupee appreciating?

Sri Lanka rupee appreciation explained

June 2, 2023 15 min read

Gandhi: The social logic of Ahimsa

From his axiom of ahimsa (non-violence), Gandhi derives two promising themes...

Mark Hager
May 18, 2023 28 min read

Sri Lanka's collapse in new sovereign default wave is not really China's fault: Bellwether

Mass sovereign default episode in the 1980s also followed a decade of bad money from the Fed

May 2, 2023 15 min read