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Monday June 3rd, 2024
Economy

Sri Lanka retail sales picking up, private credit expected to follow: CB Governor

Central bank would like to see new lending rates fall

May 29, 2024 5 min read

Sri Lanka risks foreign retaliation over VFS visa deal

SriLankan enjoy visa exemption status to Maldives and Singapore

May 28, 2024 2 min read

Sri Lanka merger of Ceylon Fertilizer, Colombo Commercial Fertilizer offers VRS scheme

Voluntary retirement scheme to be offered to 267 employees at a cost of 844 million rupees during the amalgamation

May 28, 2024 1 min read

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
Sri Lanka businesses aim to strengthen links with IORA partners

IORA business conclave organized by the Ceylon Chamber of Commerce discusses collaboration between member states

Singapore team to help improve Sri Lanka immigration system

Will facilitate Sri Lanka's efforts to modernize and improve processes related to immigration, visa issuance

Sri Lanka will not recover for 15 years if current policies change: Semasinghe

Disingenuous statements will not count at the election, said Semasinghe.

May 16, 2024 2 min read

Sri Lanka's Lanka Pay ties up with PhonePe to help Indian tourists

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May 16, 2024 3 min read

Adani deal symptomatic of Sri Lanka's high costs from lack of competition: Analyst

"The fundamental problem with Sri Lanka is we have to expose this economy to market,"

May 15, 2024 3 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

May 15, 2024 2 min read

Sri Lanka economic governance forum hosted by Advocata

It will be held on Saturday, May 18, 2024, at the Galle Face Hotel, Colombo from 8.30am onwards

May 15, 2024 1 min read

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

May 15, 2024 2 min read

Sri Lanka to present Economic Transformation Bill

Proposed Economic Transformation bill will be gazetted shortly

Apsara Rodrigo
May 14, 2024 1 min read

Sri Lanka's EDB and Peoples' Bank tie up to offer exporters finance, knowledge

People’s Bank to offer financial advisory services, funding facilities, and trade finance options to exporters with ED...

May 14, 2024 1 min read

Sri Lanka govt workers want basic salary hike over cost of living allowances

"We urge the government to add an amount to the government workers' basic salary."

May 14, 2024 2 min read

Sri Lanka expert panel reviews RPC land lease; Minister demands action

RPCs are already brought under Finance Ministry by President Wickremesinghe

May 13, 2024 2 min read
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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 strongly expects to sign up US$3.0 FDI in 2024, with China refinery

Sri Lanka elections, high tax rates are challenges

May 12, 2024 2 min read

Sri Lanka official remittances cross $2bn in Jan-April 2024

Remittances are on the rise after the central bank stopped parallel exchange rat

May 11, 2024 1 min read
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Two bills to empower women during economic recovery

A society with capitalists and philanthropists can become more vigilant against violence towards women, president says

May 11, 2024 2 min read

Sri Lanka in talks with Canada investors for US$500mn industrial zone in Jaffna

The industrial park will be build on 700 acres by a defunct state-run cement factory.

May 10, 2024 2 min read

Sri Lanka legal alcohol sales down 19-pct in 2023

Production of commonly used 180ml bottles (kaaley bothal), consumed by lower income earners, decreased by 14.5 percent

May 9, 2024 2 min read

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

Sri Lanka trying to help citizens hired by Russia-Ukraine mercenary firms: Foreign Minister

"We are being asked to deal with a mercenary group which is not a formal government. It’s a very difficult task."

Apsara Rodrigo
May 8, 2024 2 min read

Sri Lanka rupee not seen to be volatile in future: CB Governor

I do not think there will be huge volatility, based on the data that is available at the moment

May 8, 2024 2 min read

Sri Lanka gross foreign reserves rise to 3.5 year high in April

The rupee sharply appreciated in March and early April

May 8, 2024 3 min read

Sri Lanka central bank rings alarm bell over changing current IMF-agreed economic policies

"The economy might go back to the situation like the past crisis if we don’t go with the current policies.”

Shihar Aneez
May 7, 2024 5 min read