An Echelon Media Company
Monday June 3rd, 2024
General Economy

Sri Lanka strongly expects to sign up US$3.0 FDI in 2024, with China refinery

Sri Lanka elections, high tax rates are challenges

May 12, 2024 2 min read

Sri Lanka in talks with Canada investors for US$500mn industrial zone in Jaffna

The industrial park will be build on 700 acres by a defunct state-run cement factory.

May 10, 2024 2 min read

Sri Lanka EPF net contribution turn positive again in 2024: Deputy Governor

But in 2024 contributions are positive

May 7, 2024 1 min read

Sri Lanka to pay 13.0-pct return to EPF holders for 2023: Minister

It was higher than the 9.0 percent return the EPF had paid in recent years

April 28, 2024 1 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

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

ADB country chief hopes Sri Lanka could sustain policy reforms despite elections

The IMF has strictly placed some reforms including in state sector enterprises, fiscal and monetary sectors

February 22, 2024 3 min read

Sri Lanka Central Bank pay hike questioned in parliament

Employees of Sri Lanka's Central Bank, which contributed to making country bankrupt, received 70 percent pay hike

February 20, 2024 1 min read
1

Sri Lanka manufacturing, services expand in Jan 2024: PMI

Apparels see recovery, services up amid tourism

February 16, 2024 2 min read

Sri Lanka recovering amid global risks, IMF deal key to confidence: central bank

Any disruption to this programme would create high economic costs to the country

February 15, 2024 3 min read

Five Indian firms among six prequalified for Sri Lanka's Canwill Holdings RFP

The SOERU called for expressions of interest in October last year

February 7, 2024 2 min read

Sri Lanka inching forward on 76th independence as people backed difficult program: President

If we go in this road, the difficulties will fade away

February 4, 2024 3 min read

Sri Lanka's trade barriers, denied economic freedoms seen driving corruption

Regulatory barriers are sources of fuel for corruption

January 30, 2024 3 min read

Sri Lanka keeps policy rates unchanged, CB wants market interest to fall

Any price increases from VAT to be short-lived

January 23, 2024 6 min read

Sri Lanka wages lowest in Asia-Oceania for managers, staff, Japan firms find

32.3% faced challenges with human resources, which was also the lowest percentage in the Asia-Oceania region

January 19, 2024 2 min read

Sri Lanka manufacturing, services expand in Dec in festive demand: PMI

Festival demand and tourist arrivals drive activity

Apsara Rodrigo
January 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 UDA to finalise investment for 22 development projects

Another 5 projects are in clearance.

Nethmi Rajawasam
January 11, 2024 2 min read

Sri Lanka to set up new embassies amid economic crisis

In this financial crisis, approval was given to do it step by step, in phases

Apsara Rodrigo
January 9, 2024 2 min read

Sri Lanka export investment zones in KKS, Trinco, Iranawila as PPPs

ADB to give technical assistance

January 9, 2024 1 min read

Sri Lanka social instability, policy and currency volatility key problems for Japan investors

About a third of firms hit by a currency crisis last year were seeing an improvement in conditions

January 8, 2024 2 min read

Sri Lanka's Japanese firms hit most badly by fuel shortages, currency depreciation in crisis: survey

The impact of the economic crisis on Japanese companies in Sri Lanka was more serious than initially assumed

January 6, 2024 3 min read

Sri Lanka Customs earns Rs970bn in 2023 despite import restrictions

Customs revenue was impacted due to the import restrictions on vehicles

Apsara Rodrigo
January 3, 2024 1 min read

Sri Lanka's Western province GDP share expands in worst currency crisis

The steepest falls in shares were seen in the East and the North

December 28, 2023 2 min read

Sri Lanka districts allocated 11,250 million to develop rural economy

The decentralized budget for the districts aims to inject financial resources into the villages

Apsara Rodrigo
December 22, 2023 2 min read

World bank releases US$250mn budget support to Sri Lanka

Released after banking sector reforms

December 20, 2023 1 min read

Sri Lanka manufacturing, services grow strongly in Nov: PMI

.

December 17, 2023 2 min read