An Echelon Media Company
Monday June 3rd, 2024
Economy

Rising Sri Lanka egg consumption should not deter exports: minister

"Because of the presence of bird flu in other countries, there is a high demand for eggs from Sri Lanka."

May 31, 2024 2 min read

Sri Lanka confident of wrapping up debt talks for IMF review in June: State Minister

We have to open the second round of negotiations with bondholder

May 30, 2024 1 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

May 30, 2024 2 min read

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

May 30, 2024 2 min read
Sri Lanka foreign exchange earnings exceed imports by $542mn in April

Exports, tourism, remittances and net services were US$2,014 million in April 2024, compared to $1435mn for imports

Sri Lanka inflation 2.5-pct in 20-months to May 2024, food deflates 5.7-pct

Since September 2022 food prices are down 5.79 percent

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 hotelier wants rupee to be unit of account to enable external trade

That is also more important, because the exchange rate will create price stability

May 26, 2024 10 min read

Sri Lanka to find investors by 'competitive system' after revoking plantations privatizations

Sri Lanka privatized of 22 plantations companies in the 1990s through long term leases

May 24, 2024 3 min read

300 out of 1,200 Sri Lanka central bank staff works on EPF: CB Governor

The EPF had come under fire in the past over questionable investments in stocks and also bonds.

May 24, 2024 3 min read

Desperate Sri Lankans seek risky foreign jobs amid tough IMF reforms

Around 700,000 Sri Lankans have left the country for foreign jobs legally in 27 months through March 2024

Shihar Aneez
May 24, 2024 4 min read

Sri Lanka agriculture minister asks for potato import tax as people skip meals

"The prices are up because or production costs are high. That's why we can't compete with imports."

Apsara Rodrigo
May 22, 2024 2 min read

Sri Lanka opposition leader asks for jobs for unemployed graduates, more salaries

There was no information on how much more tax payer funds are needed to pay for additional state workers.

May 22, 2024 1 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 goods exports down 4.1-pct in April, services up 19-pct

Sri Lanka's merchandise exports fell 4.1 percent from a year ago to 813.81 million dollars in April 2024,

May 21, 2024 1 min read

Sri Lanka chamber calls on political parties to support SOE reforms

Ceylon Chamber of Commerce has all political parties to support the continuity of SOE reform

May 21, 2024 2 min read

Sri Lanka women borrowers trapped by ill-understood loan agreements: UN official

Women, often, were forced into signing agreements in a language they did not understand.

May 21, 2024 2 min read

Sri Lanka expects talks with bondholders 'very soon': Minister

Confident and optimistic that a second round of talks will commence very soon

May 21, 2024 2 min read

Michelin delegation reviews Sri Lanka rubber de-forestation compliance

EU's Regulation on Deforestation Free Products (EUDR) seeks to guarantee products do not contribute to deforestation

May 20, 2024 2 min read

Sri Lanka public finance law to limit primary spending at 13-pct GDP: Treasury Secy

A Fiscal Management Responsibility Act, which has been repeatedly breached in the past will be repealed

May 20, 2024 3 min read

Sri Lanka suffers over $138mn foreign outflow from govt bonds in 2024 after rate cuts

Rupee has appreciated 9.1% in first 4 month, one-year T-bill yield has fallen 336 basis points so far in 2024

May 18, 2024 2 min read

Supreme Global says ropes in Malaysia's MMAG for SriLankan Airlines bid

MAC will provide freighter aircraft and operational support to establish a cargo feeder network for SriLankan Airlines

May 17, 2024 1 min read

Harsha says Sri Lanka must look to South India for growth, acknowledges president's successes

"I'm not Sajith nor Aruna. I'm Harsha."

Himal Kotelawala
May 17, 2024 3 min read

Sri Lanka consumers lack awareness, laws alone not enough: CAA

Consumer Affairs Authority says local buyers lack awareness compared to rest of the world

May 17, 2024 2 min read