An Echelon Media Company
Monday June 3rd, 2024
Economy

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

May 30, 2024 4 min read

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

May 29, 2024 1 min read

Sri Lanka rubber sector collapse to worsen with wage hike order: official

"Just because our cost of production may rise, we cannot raise our sale prices, because we are not price makers"

May 29, 2024 2 min read

Sri Lanka new employment act will not prevent age discrimination: minister

“Ages it can be decide by the employer,” Nanayakkara said when asked about job advertisements that specify age.

May 29, 2024 1 min read
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."

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

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A Fiscal Management Responsibility Act, which has been repeatedly breached in the past will be repealed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
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 will not recover for 15 years if current policies change: Semasinghe

Disingenuous statements will not count at the election, said Semasinghe.

May 16, 2024 2 min read

Sri Lanka's Lanka Pay ties up with PhonePe to help Indian tourists

.

May 16, 2024 3 min read

Adani deal symptomatic of Sri Lanka's high costs from lack of competition: Analyst

"The fundamental problem with Sri Lanka is we have to expose this economy to market,"

May 15, 2024 3 min read

Sri Lanka govt extends military benefits for CDF ahead of polls   

President Wickremesinghe, also the defence minister, is expected to contest in the presidency later 2024

May 15, 2024 2 min read

Sri Lanka economic governance forum hosted by Advocata

It will be held on Saturday, May 18, 2024, at the Galle Face Hotel, Colombo from 8.30am onwards

May 15, 2024 1 min read

Sri Lanka to investigate those who refused government free rice: State Minister

Any party fraudulently obtaining Aswesuma benefits may not have come forward to get it for fear of revealing identity

May 15, 2024 2 min read

Sri Lanka to present Economic Transformation Bill

Proposed Economic Transformation bill will be gazetted shortly

Apsara Rodrigo
May 14, 2024 1 min read

Sri Lanka's EDB and Peoples' Bank tie up to offer exporters finance, knowledge

People’s Bank to offer financial advisory services, funding facilities, and trade finance options to exporters with ED...

May 14, 2024 1 min read

Sri Lanka govt workers want basic salary hike over cost of living allowances

"We urge the government to add an amount to the government workers' basic salary."

May 14, 2024 2 min read

Sri Lanka expert panel reviews RPC land lease; Minister demands action

RPCs are already brought under Finance Ministry by President Wickremesinghe

May 13, 2024 2 min read