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Monday June 3rd, 2024
Economic Crisis

Sri Lanka reforms have started to yield positive outcomes: State minister

"The Sri Lankan rupee has appreciated by approximately 8 % against the US dollar so far in 2024."

May 28, 2024 2 min read

Desperate Sri Lankans seek risky foreign jobs amid tough IMF reforms

Around 700,000 Sri Lankans have left the country for foreign jobs legally in 27 months through March 2024

May 24, 2024 4 min read

Sri Lanka chamber calls on political parties to support SOE reforms

Ceylon Chamber of Commerce has all political parties to support the continuity of SOE reform

May 21, 2024 2 min read

Sri Lanka women borrowers trapped by ill-understood loan agreements: UN official

Women, often, were forced into signing agreements in a language they did not understand.

May 21, 2024 2 min read
Sri Lanka govt extends military benefits for CDF ahead of polls   

President Wickremesinghe, also the defence minister, is expected to contest in the presidency later 2024

Sri Lanka to investigate those who refused government free rice: State Minister

Any party fraudulently obtaining Aswesuma benefits may not have come forward to get it for fear of revealing identity

Sri Lanka has stabilized under IMF deal, sustainable growth next: President

"Going beyond stability now we have to go on a sustainably path."

May 9, 2024 15 min read

Japan to resume stalled projects in Sri Lanka, emphasizes on free, open Indo-Pacific

Diplomatic ties between Sri Lanka and Japan has improved under Wickremesinghe after Rajapaksa's LRT cancellation

May 4, 2024 3 min read

US, ADB officials offer support for Sri Lanka's debt restructuring: Minister

Pointed out importance of continuation with reforms that will enable stable economy and avoid any future crisis.

May 3, 2024 1 min read

Government in the process of transitioning Sri Lanka economy: State minister

"Measures to stabilize the economy have thus far been successful"

April 27, 2024 2 min read

Sri Lanka to draft criminal asset recovery law

Legal draftsman has been instructed to draft a bill on criminal asset recovery

April 26, 2024 1 min read

Sri Lanka's discussions with bondholders constructive: State finance minister

Next steps would entail further consultation with IMF staff regarding assessments of compatibility of latest proposals

April 17, 2024 2 min read

Sri Lanka State FinMin meets BCIU in US; discusses post-crisis investment prospects 

Semasinghe-led Sri Lankan delegation is in US for IMF/World Bank Spring Meetings

April 16, 2024 1 min read

Sri Lanka SOEs place Rs33,949 debt on each citizen: restructuring unit

52 State-Owned Enterprises in Sri Lanka incurred losses of LKR 744.6 billion in 2022

April 15, 2024 2 min read

Chinese onion becomes cheaper in Sri Lanka than Indian ahead of festivals

Chinese onion price reduced by Rs. 120 per kg to 375, Indian onion price slashed by Rs. 50 to 445

Shihar Aneez
April 9, 2024 3 min read
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Sri Lanka ready to provide Chinese enterprises preferential policies

Joint statement by Sri Lanka and China issued

April 4, 2024 9 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 poverty being addressed by Aswesuma safety net: Minister

Rise in poverty in a country that experienced negative 8 percent growth, and bankruptcy is normal, Gunawardana said

Nethmi Rajawasam
April 4, 2024 3 min read

Xi meets Sri Lanka PM as China eyes main Colombo airport development 

Prime Minister Gunawardena is on a six-day official visit to China

March 28, 2024 3 min read

Sri Lanka CB chief sees end-March FX reserves at “much higher than $4.5 bln”

Sri Lanka cenbank is building reserves after they fell to from less than $500 million in latter part of 2021

March 26, 2024 1 min read

IMF ready to listen alternative views, but Sri Lanka is on “knife edged path”: Mission Head

Many Sri Lankan political parties want to renegotiate the IMF deal amid public grumbling over higher taxes

Shihar Aneez
March 21, 2024 3 min read

Sri Lanka ready to make ongoing reforms a law, minister tells IMF

Government has also taken steps to increase the number of tax files,

March 20, 2024 2 min read

Pilot project to uplift Aswesuma welfare scheme beneficiaries

Pilot project seeks to move 16,000 Aswesuma beneficiaries out of poverty in three years, using ADB, WB and local funds

March 12, 2024 1 min read

Sri Lanka president invites party leaders to IMF review meeting

Sajith Premadasa, Anura Kumara Dissanayake, and S Sridharan have been invited to participate in deliberations on Monday

March 8, 2024 1 min read

Sri Lanka commences IMF second review

Review and reaching staff level agreement will pave way for accessing third tranche

March 7, 2024 1 min read

Sri Lanka confident of “smoother" IMF second review: State Minister

The IMF has already disbursed two tranche of the EFF

February 28, 2024 1 min read
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ADB country chief hopes Sri Lanka could sustain policy reforms despite elections

The IMF has strictly placed some reforms including in state sector enterprises, fiscal and monetary sectors

February 22, 2024 3 min read
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