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Monday June 3rd, 2024
Economy

US wants to see credible, specific assurances from China for Sri Lanka's IMF deal 

The top US State Dept official said what China has offered so far is not enough.

February 2, 2023 2 min read

Fed hikes rates 25bp, to continue shrinking reserve money

Reserve balance rate raised to 4.65-pct

February 2, 2023 1 min read

Sri Lanka services exports down 5.9-pct in 2022

There are more than 500 ICT companies, the EDB said.

February 1, 2023 1 min read

Sri Lanka central bank profits for 2023, transfer not finalized: CB Governor

The Monetary Board will make a decision on whether there are sufficient amounts to transfer

February 1, 2023 4 min read
Sri Lanka must navigate changing labour landscape: Pres

Sri Lanka must consider how it will navigate changing labour landscape; unions need to face different reality

IMF team meets Sri Lanka opposition

The IMF team is expected to meet President Ranil Wickremesinghe Wednesday

Sri Lanka issues Rs9.6bn contractor bills for payment arrears

Sri Lanka's finance ministry said 9.6 billion rupees of bills certifying payment arrears had been issued to contractors,...

September 24, 2020 1 min read

Sri Lanka president orders immediate termination of Japan-funded light rail project

President Gotabaya Rajapaksa has ordered the immediate termination of a Japan-funded light rail transit (LRT) project th...

September 23, 2020 3 min read
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Korean envoy says Sri Lanka among safest countries in the world in Covid-19 pandemic

Sri Lanka is one of the safest countries in the world to live in during the Coronavirus pandemic, Korea's ambassador of ...

September 23, 2020 2 min read

Sri Lanka cabinet approves two year forex cover for foreign investors

Sri Lanka's cabinet of ministers had approved swaps of up to two years to cover foreign exchange risks of investors in r...

September 23, 2020 2 min read
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Sri Lanka national inflation rises to 6.1-pct in August 2020

Sri Lanka's national inflation rose to 6.1 percent to 6.2 percent in August 2020 from a year earlier with consumer price...

September 22, 2020 1 min read

Sri Lanka to export cinnamon to Brazil in bark form

Cinnamon traders in Sri Lanka can now export the spice in bark form to Brazil using a phytosanitary certificate issued b...

Mahadiya Hamza
September 21, 2020 3 min read
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Sri Lanka worker remittances up 25-pct in July 2020

Sri Lanka's foreign remittances hit a high of 702.1 million US dollars in July 2020, rising 24.9 percent from a year ear...

September 20, 2020 2 min read

Cabinet minister accuses Sri Lanka central bank of not prioritising customer well-being

Sri Lanka’s Central Bank has formulated most of its monetary policies with the well-being of banks and finance compani...

Imesh Ranasinghe
September 18, 2020 2 min read

Sri Lanka ranks 83 on Economic Freedom of the World index

Sri Lanka ranks 83  out of 162 countries and territories included in the Economic Freedom of the World: 2020 Annual Rep...

September 17, 2020 3 min read

Sri Lanka vehicle registrations plunge 45-pct in August after import controls

Sri Lanka's vehicles registrations fell 45 percent to 17,493 in September 2020 from a year earlier with motorbikes falli...

September 17, 2020 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 to start sea cucumber processing factory in Jaffna

Sri Lanka's Suganth Seafood (Pvt) Ltd, will start a 1.3 million US dollar factory to process sea cucumbers for exports, ...

September 16, 2020 1 min read

New warehouses, fuel tanks, docking bay to make Colombo transshipment hub: President

New warehouse facilities, fuel storage tanks, and a docking bay will be among measures taken to promote Colombo Port as ...

September 16, 2020 2 min read

President directs officials to boost liquid milk production in Sri Lanka

President Gotabaya Rajapaksa has directed officials to implement short and long-term plans in collaboration with the pub...

September 15, 2020 2 min read

Sri Lanka GDP to shrink 5.5-pct in 2020, Maldives 20-pct, Bangladesh to grow: ADB

Sri Lanka's gross domestic product will contract 5.5 percent in 2020 amid a Coronavirus crisis while tourism dependent M...

September 15, 2020 2 min read

Sri Lanka imports fall in July 2020 amid credit contraction, import controls

Sri Lanka's imports fell 24 percent from a year earlier to 1,294 million US dollars in July 2020, central bank data show...

September 14, 2020 2 min read

EU funds higher education capacity building in Sri Lanka and the Maldives

The delegation of the European Union said it is funding fifteen agencies in Sri Lanka and two in the Maldives to build h...

September 14, 2020 2 min read

Sri Lanka calls for regional effort to overcome task of economic recovery

Sri Lanka is stressing the need for Asian countries to come together to face the uphill task of economic recovery and re...

September 13, 2020 2 min read

Sri Lanka gets US$56mn from World Bank CERT re-allocations for Covid-19

Sri Lanka has been given 56 million US dollars by the World Bank from existing projects for anti-Coronavirus projects, o...

September 13, 2020 2 min read

Sri Lanka exports down 8.2-pct in August 2020; UK, Italy, China up

Sri Lanka's merchandise exports fell 8.2 percent to 947.7 million US dollars in August 2020, from 1,033.2 million a year...

September 12, 2020 2 min read

Sri Lanka forex reserves rise to US$7.4bn in Aug 2020

Sri Lanka's forex reserves had risen to 7,440.5 million US dollars in August 2020 from 7,095.8 million US dollars in Sep...

September 12, 2020 2 min read
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