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Monday June 3rd, 2024
General Economy

Sri Lanka's Hela Clothing delays investments, settles debt in soft-peg collapse

About 2.0 billion rupees left from IPO to be used to settle dollar and rupee debt

May 29, 2022 2 min read

Sri Lanka to see worst economic contraction in history in 2022: CB Governor

In our expectations the economy will contract at the highest rate than in any other year in history

May 23, 2022 3 min read

Sri Lanka PM asks COPE to summon Litro Gas officials over distribution delay

Angry consumers have started street protests on a daily basis by blocking roads demanding cooking gas.

May 19, 2022 1 min read

Sri Lanka's economic crisis protests see national unity

The protest is within a stone's throw of the country's central bank which is responsible creating forex shortages

April 17, 2022 12 min read
Sri Lanka canteens to cut milk tea price after rupee appreciation

From next week the maximum price of a cup of milk tea will be 90 rupees

Sri Lanka to adjust wages and pensions to inflation: President

But this adjustment will be done within the limits of a primary deficit

Inclusive growth, SME focus at Sri Lanka economic summit by Ceylon Chamber

How to ensure growth is sustainable and inclusive and the role of small businesses will be a key focus area at the annua...

September 3, 2019 1 min read

Sri Lanka to grow about 2 percent in 2Q: CB Governor

Sri Lanka is expecting to grow about 2 percent in the second quarter and 3.1 percent for the full year, Central Bank Gov...

August 23, 2019 1 min read

Moody's forecasts Sri Lanka growth to weaken, slow recovery

Sri Lanka’s economic growth will slow sharply in the second quarter of this year after April’s suicide bom...

August 23, 2019 3 min read

Privatization gulf between Sri Lanka, Vietnam exposed by Bimal Ratnayake, opposition

Sri Lanka's Marxist Janatha Vimukthi Peramuna and opposition legislators launched an attack on an amendment to a governi...

August 23, 2019 5 min read

Sri Lanka manufacturing, services activities grow in July

Sri Lanka's manufacturing and services activities grew in July 2019 from a month earlier, the central bank said.

August 16, 2019 2 min read

Sri Lanka submits LP Gas price formula to court: Harsha

Sri Lanka's Attorney General has submitted a price formula for liquefied petroleum gas to court for approval to end mini...

August 16, 2019 2 min read

Sri Lanka's Ceylon Chamber economic forum seeks to reset growth path

ECONOMYNEXT - The annual business forum held by the Ceylon Chamber of Commerce this year will look at ways to re-set Sri...

August 7, 2019 1 min read

Enterprise Sri Lanka in Anuradhapura to build business owners

Sri Lanka's government is holding an exhibition and workshops in the North Central city of Anuradhapura from July 24 to ...

July 23, 2019 2 min read

Sri Lankan businesses told how S. African firms revived sanctions-hit economy

ECONOMYNEXT – The way South Africa’s businesses helped the country recover from the isolation and sanction...

July 17, 2019 3 min read

External current account surplus in Sri Lanka amid credit bust

Sri Lanka has recorded surplus in the external current account in 2019 for the first time in a decade, Central Bank Gove...

July 17, 2019 3 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

Ancient Sri Lanka was a trading hub, not just a farm: economist

A view that is widely propagated that ancient Sri Lanka was simply based on agriculture economy is false, but the island...

July 16, 2019 6 min read

Sri Lanka factory production recovery gathers pace

ECONOMYNEXT - Sri Lanka’s factory production recovery gathered momentum in June with services also recovering fro...

July 15, 2019 2 min read

Support for budding entrepreneurs at Enterprise Sri Lanka show in Anuradhapura

ECONOMYNEXT – An exhibition that serves as a platform for budding entrepreneurs to get advice on building a busin...

July 15, 2019 2 min read

Singapore economy shrinks in warning for global trade

Growth in export-reliant Singapore suffered a surprise sharp contraction in the second quarter, official data showed Fri...

July 15, 2019 2 min read

Sri Lanka's growth downgraded to 3-pct for 2019

Sri Lanka's growth forecast for 2019 has been downgraded to 3.0 percent from an earlier 4.0 percent, though a recovery i...

July 11, 2019 1 min read

Sri Lanka’s economy to bottom out in 2019: HSBC

Sri Lanka’s economic slowdown which was caused by drought, floods, political uncertainty and the Easter Sunday te...

July 11, 2019 4 min read

Sri Lanka minister calls out anti-Muslim teacher who destroyed student's property

A minister in Sri Lanka called out a nationalist teacher who has destroyed a child's property in a bid to enforce a boyc...

July 10, 2019 2 min read

Sri Lanka Prime Minister wows to battle anti-freeholders

Sri Lanka' Prime Minister Ranil Wickremesinghe said he would battle in court anti-freeholders to give title to farmers a...

July 9, 2019 3 min read

Suicides due to economic reasons go up in Sri Lanka

Though family disputes, failed love affairs and suffering from chronic disorders are seen as the main reasons, suicides ...

July 8, 2019 1 min read

Students ridiculed in Sri Lanka for using brand targeted in anti-Muslim boycott: official

Students in Sri Lanka's education system are being ridiculed and are facing 'punishment' for using stationary produced b...

Chandeepa Wettasinghe
July 4, 2019 3 min read