An Echelon Media Company
Monday June 3rd, 2024
Economy

IMF Board to take up Sri Lanka program review on June 12

The session will evaluate Sri Lanka's economic policies and reform progress

June 3, 2024 1 min read

Sri Lanka balance of payments surplus US$1.3bn by April 2024

Excess liquidity remains

June 2, 2024 4 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

June 1, 2024 4 min read

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

May 31, 2024 2 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 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 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"

Nethmi Rajawasam
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.

Apsara Rodrigo
May 29, 2024 1 min read

Sri Lanka retail sales picking up, private credit expected to follow: CB Governor

Central bank would like to see new lending rates fall

May 29, 2024 5 min read

Sri Lanka risks foreign retaliation over VFS visa deal

SriLankan enjoy visa exemption status to Maldives and Singapore

May 28, 2024 2 min read

Sri Lanka merger of Ceylon Fertilizer, Colombo Commercial Fertilizer offers VRS scheme

Voluntary retirement scheme to be offered to 267 employees at a cost of 844 million rupees during the amalgamation

May 28, 2024 1 min read

Sri Lanka reforms have started to yield positive outcomes: State minister

"The Sri Lankan rupee has appreciated by approximately 8 % against the US dollar so far in 2024."

May 28, 2024 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

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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