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Monday June 3rd, 2024
Economy

Sri Lanka consumer prices up 0.5-pct in Jan 2023, annual down to 54.2-pct

Food prices up 113-pct since overtly inflationary policy began Feb 2020.

February 1, 2023 2 min read

Sri Lanka's leading leftist alliance NPP promises tax cuts for the rich

"We will definitely reduce this tax," he said.

January 31, 2023 3 min read

Sri Lanka meets 4.0-pct primary deficit target for 2022

Combination of revenue increases and spending restraint seen

January 31, 2023 2 min read

Sri Lanka sovereign bond holders not looking for domestic hair-cut

GFN is a key target a country under an IMF deal has to bring down

January 31, 2023 4 min read
Sri Lanka local currency rating upgraded to CCC+ by S&P

The stable outlook on the long-term local currency rating reflects improvements to the government's debt profile

Sri Lanka brings back import para tariff on milk

Milk powder back under PAL tax

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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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

Lack of transparency in governance brought by 20A will deter investment - Harsha

The Opposition is charging that provisions in the proposed 20th Amendment will affect development negatively because it ...

September 11, 2020 2 min read
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State Minister says poor quality goods are being imported

State Minister of Co-operative Services, Marketing Development and Consumer Protection Lasantha Alagiyawanna is saying t...

September 10, 2020 2 min read
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Minister Gammanpila supports the introduction of PayPal to Sri Lanka

Sri Lanka will introduce PayPal for people living here once some security concerns are resolved, Co-Cabinet Spokesman Ud...

September 10, 2020 2 min read
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Sri Lanka govt agencies directed advertise in state media to cover losses

Sri Lanka's government agencies would be directed to spend 25 percent of their advertising and promotional budgets in st...

September 10, 2020 1 min read

Sri Lanka plans to cap forex risks of rupee bond investors through swap: Minister Cabraal

Sri Lanka will offer to cap forex risks of investors in a bid to draw investors into rupee debt which will reduce the co...

September 10, 2020 2 min read

Government Parliamentarians give nod to ban on cattle slaughter

Sri Lanka’s governing party Members of Parliament agreed today to bring about a ban on cattle slaughter in the country...

September 8, 2020 2 min read

Anura Kumara wants Central Bank actions between 2008 and 2015 probed

Leader of the National Peoples’ Power alliance (NPP) Anura Kumara Dissanayake is asking the government to provide a se...

September 8, 2020 1 min read

Sri Lanka President orders 15-pct import tax on gold removed

Sri Lanka President Gotabaya Rajapaksa has ordered a 15 percent tax on gold to be removed to reduce the costs of the jew...

September 8, 2020 2 min read
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Sri Lanka automobile sector in trouble with import controls, regime uncertainty

Sri Lanka's auto sector is grinding to a halt while some type of tyres are also no available in the market, with import ...

Mahadiya Hamza and Chanka Jayasinghe
September 7, 2020 9 min read

Sri Lanka state to repair old cars amid import controls

Sri Lanka's will repair 4,116 state vehicles and put them back to use Minister Ramesh Pathirana said amid import control...

September 5, 2020 1 min read
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