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Monday June 3rd, 2024
Economy

Sri Lanka to promote Ramayana sites to attract Indian tourists

There will be more tourists to visit Ramayana sites in the future than Buddhist places in the country. 

February 2, 2023 2 min read

Sri Lanka issues Rs1,000 coin, Rs50 stamp to mark 75-years of self-determination

Commemorative coin available for sale from March 2023

February 2, 2023 1 min read

Sri Lanka gets 102,000 tourists in January 2023

Russia, UK, India and Germany remain the top three source markets since 2022.

February 2, 2023 1 min read

Sri Lanka firms target agro exports with German backing

International Green Week draws over 400,000 visitors

February 2, 2023 2 min read
Sri Lanka eyes US$400mn in policy loans from ADB

Cabinet nod to sign US$200mn loan

Sri Lanka to draw up debt management agency law

An independent debt management law is a priority reform under an IMF deal

Sri Lanka expects budget deficit of 9.0-pct in 2020, revenues recovering: Treasury secy

Sri Lanka is expecting the budget deficit in 2020 to reach 9.0 percent of gross domestic product and tax revenues are re...

September 30, 2020 2 min read

Sajith calls for National effort to save the country’s economy

Leader of the Opposition Sajith Premadasa is calling on all political parties to shed their differences and come togethe...

September 30, 2020 2 min read

How to improve Sri Lanka's debt sustainability: Advocata forum on Sept 30

Advocata Institute, a Colombo-based think tank will host a live forum on how to improve Sri Lanka's debt sustainability.

September 29, 2020 1 min read

Sri Lanka says Moodys sovereign rating downgrade to 'Caa1' unwarranted

Sri Lanka has said a downgrade of the sovereign rating by two notches to 'Caa1' by Moody's is unwarranted.

September 28, 2020 6 min read

Sri Lanka sovereign rating downgraded two notches to Caa1 by Moody's

Moody's Investors Service has downgraded Sri Lanka's sovereign rating two notches to Caa1, from B2, citing weak budgets ...

September 28, 2020 11 min read

India expects Sri Lanka to move on port, energy; US$1bn swap, debt relief talks continue: Rajapaksa-...

India expects Sri Lanka to go ahead with agreed deals on ports and energy request for Prime Minister Narendra Modi had s...

September 26, 2020 2 min read

Sri Lanka plans incentives of up to 3.5-pct to spur exports in Coronavirus crisis

Sri Lanka is planning incentives of up to 3.5 percent for incremental exports over the next two quarters, which could br...

September 25, 2020 2 min read
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Sri Lanka haunted by ghost of Raul Prebisch as import ban bites tyre supply

Sri Lanka’s businesses are hit and specialist vehicles such as ambulances are under threat, as the country runs out of...

Tania Madies
September 25, 2020 6 min read

SAARC countries should come together to ensure post-Covid recovery - Dinesh

Sri Lanka has stressed the need for South Asian countries to collaborate to revive the economies of the region which is ...

September 25, 2020 2 min read

Motorcycle import ban greatly affects middle-class Sri Lankans: Opp. leader

An ongoing import ban on motorcycles has affected a large number of middle-class Sri Lankans, Opposition Leader Sajith P...

Imesh Ranasinghe
September 24, 2020 3 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 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
3

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
1

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
2

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