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Monday June 3rd, 2024
Economy

Sri Lanka keeps policy rates unchanged

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May 28, 2024 5 min read

Sri Lanka govt to take over tea estates that don't increase worker wages

Separate discussions have been held with estate owners and labour unions, he said.

May 27, 2024 3 min read

Sri Lanka EDB, collaborators to pick 10 pioneering brands for capacity building

10 pioneering Sri Lankan brands will be selected to showcase nation's dedication to sustainability, ethical practices

May 27, 2024 2 min read

Sri Lanka shares, bank balances, land, vehicle owners tracked by Inland Revenue from July 01

Information not to be used retrospectively, Minister says

May 27, 2024 2 min read
Sri Lanka monetary policy is not to promote growth: CB Governor

The objective of monetary policy is to stabilize and facilitate for the country to achieve potential growth

Iraq official invites Sri Lanka investors to do business in Bagdad, Kurdistan

Through direct shipping facilities, Sri Lanka can enjoy benefits of fast and convenient trade facilitation to Europe, ME

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
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 EPF net contribution turn positive again in 2024: Deputy Governor

But in 2024 contributions are positive

May 7, 2024 1 min read

IFC says committed to Sri Lanka reforms, signs agreements with two corporations

Puliti also highlighted the importance of private sector-led development for inclusive economic growth.

May 7, 2024 3 min read

Sri Lanka to fill vacancies in its Office on Missing Persons

Sri Lanka's Parliament has called for applications to fill vacancies in its Office on Missing Persons (OMP).

May 6, 2024 2 min read

Sri Lanka apparel exporters ask for forex conversion rule to end

Immediate removal of the mandatory conversion of export proceeds is urgently required.

May 6, 2024 11 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

Sri Lanka working to reach solution with bondholders: Minister

We are confident that second round of discussions will help us reach a solution

May 3, 2024 1 min read

Sri Lanka key services help inflows outpace imports by $514mn in March

The services account surplus was $431mn, higher than the reported trade deficit.

May 2, 2024 2 min read

Sri Lanka ISB restructure talks await clarity on IMF methodology: Sources

Greater understanding would speed up negotiations

May 2, 2024 2 min read

US Fed keep rates unchanged, reduces Treasuries sell-down

Fed would continue to sell-down mortgage backed securities

May 2, 2024 4 min read
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