An Echelon Media Company
Sunday December 3rd, 2023
Opinion

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

Our police correspondent examines the crisis in the department

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

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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
Sri Lanka's rupee depreciation and economic crises; the deficit lie

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

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.

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

Bellwether
May 2, 2023 15 min read
1

Sri Lanka budget support IMF loans show worrying policy confusion : Bellwether

Converted budget support loans and conflicting PCs can lead to new external instability, discredit and derail reforms

Bellwether
April 18, 2023 13 min read
1

Sri Lanka's 'big match' fever is healing

There’s nothing ‘mad’ about March

Krishantha Prasad Cooray
March 16, 2023 5 min read
1

Sri Lanka tables controversial draft monetary law with multiple anchors

The new law appears to have brought back policy conflicts dropped in a previous amendment

Bellwether
March 9, 2023 12 min read

Sri Lanka set to continue 73 years of monetary instability with pseudo inflation targeting law

The inclusion of extensive macro-prudential laws is an admission that money is bad

Bellwether
March 1, 2023 12 min read

Sri Lanka ports, airports made essential services

A strike planned on March 01

February 28, 2023 1 min read

IMF should approve Sri Lanka deal, devise bi-lateral debt-restructuring clause

IMF should stop the promotion of impossible trinity regimes with spurious claims to monetary policy independence

Bellwether
February 28, 2023 12 min read

How Sri Lanka rejected Singapore monetary advice and politicians, people paid the price

Call from Goh, Shenoy to provide sound money discarded in favour of depreciation, flexible regimes

Bellwether
February 9, 2023 14 min read
2

Sri Lanka central bank caught between peg and hard place

Care should be taken to make sure that excess liquidity does not re-emerge from fictitious capital

Bellwether
January 19, 2023 8 min read

Sri Lanka's economic crisis and COVID-19 pandemic reverses progress in SDGs - IPS

"Financing SDGs has become the biggest challenge for Sri Lanka"

January 13, 2023 8 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 330.2942 315.1016
UK Pound 429.0139 401.1871
Euro 372.1704 343.1959
Aus Dollar 227.2526 211.5951
Yen 2.3820 2.1908
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

Call to liberalize Sri Lanka shipping for export competitive economy

Singapore has 5,000 shipping agencies and have 140 shipping lines headquarters

January 4, 2023 4 min read

Sri Lanka’s sorry record on protecting Free Expression

The aragalaya has a lit a lamp for free expression

Arjuna Ranawana
December 30, 2022 10 min read

Sri Lanka's central bank crisis and John Exter's about face on hard pegs: Bellwether

In 1968 with Bretton Woods soft-peg hanging on a thread, advantages of currency board had become clear

December 15, 2022 7 min read
1

Sri Lanka speaker signs constitutional amendment into law

Aims to make the public service more independent

October 31, 2022 1 min read

Sri Lanka's tragedy and the lost wisdom of D S Senanayake on money printing

That BOP deficits and reserve losses are caused by money printing is now hidden and victims are blamed

Bellwether
October 24, 2022 9 min read
1

Sri Aurobindo: Mystical Awareness Supplants Production

In India, religion and socialism commingle and collide.

October 7, 2022 35 min read

Confusion over whether Sri Lanka's IMF deal will be presented to parliament

"The cabinet will be briefed very soon once he received all the details."

September 22, 2022 2 min read

Sri Lanka rates elevated amid failed float and DDR fears

Fear of a DDR/IFR event drive rates even higher

Bellwether
September 19, 2022 13 min read

Sri Lanka is wrong to scapegoat expat workers over Undiyal: Bellwether

Indian billion dollar credit line also works Undiyal fashion

Bellwether
July 25, 2022 6 min read
1

Sri Lanka economic recovery, a common minimum program

A series of detailed proposals

July 1, 2022 15 min read