Sri Lanka’s rupee opened weaker at 292.68/75 to the US dollar on Friday, reflecting a slight dip from 292.55/65 on Thursday. Meanwhile, bond yields showed a significant decrease across the board, with notable drops in the yields for bonds maturing in 2026, 2027, and 2028. For instance, a bond maturing on 15.12.2026 was quoted at
The market capitalization of the Colombo Stock Exchange (CSE) has seen a decrease of 3.4%, bringing it down to Rs. 4,382 billion as of the end of September 2024, according to data from the Finance Ministry. This decline coincided with the exit of seven listed companies from the stock exchange during the same period. The
Sri Lanka and Pakistan are positioned to take the lead in South Asian frontier markets, extending their current market rally into 2025. This optimistic outlook is driven by ongoing economic and political reforms, low market valuations, a recovery in earnings, and a potential for greater political stability, as reported by the AFC Asia Frontier Fund.
Sri Lanka’s consumer price inflation recorded a deflation of 0.8% in the 12 months ending October 2024, with only a 0.3% increase over the past 25 months as the effects of the central bank’s deflationary policy begin to manifest in the balance of payments. The Colombo Consumer Price Index (CPI) declined by 0.5% in October
Port City Colombo, a visionary Special Economic Zone (SEZ) focused on the export of modern services, recently represented Sri Lanka at the Commonwealth Business Forum 2024 held in Apia, Samoa, from October 23-24. As a strategic partner of the Commonwealth Enterprise and Investment Council (CWEIC), Port City Colombo engaged in discussions on sustainable growth with
Sri Lanka’s rupee opened flat at 293.50/60 to the US dollar on Wednesday, according to market dealers, indicating a steady exchange rate amid limited volatility. Government bond yields saw minor fluctuations. The bond maturing on January 15, 2027, was quoted at 10.79/83 percent, while the bond maturing on March 15, 2028, recorded yields of 11.70/75
A Sri Lankan delegation held discussions on taxes and revenue targets with the International Monetary Fund (IMF) during a recent visit to the IMF headquarters in the United States, according to Minister Vijitha Herath. The talks focused on existing taxes, including Value Added Tax (VAT), other revenue streams, and strategies for achieving set revenue targets.
Sri Lanka’s rupee opened stronger on Friday, trading at 293.60/65 against the US dollar, an improvement from Thursday’s rate of 293.78/82, according to market dealers. Meanwhile, bond yields showed varied movements across maturities. A bond maturing on 15th December 2026 was quoted at 10.55/70 percent, slightly up from the previous day’s 10.50/70 percent. The bond
The International Monetary Fund (IMF) is actively engaging with Sri Lanka’s new administration to discuss priorities as it works toward the next review of its Extended Fund Facility (EFF) program. This review aims to continue Sri Lanka’s economic recovery and reform initiatives. A Sri Lankan delegation, led by the Central Bank Governor, Finance Ministry Secretary,
Sri Lanka’s rupee remained stable, trading at 293.23/29 against the US dollar on Wednesday, unchanged from the previous day’s rate of 293.23/27, according to market dealers. Meanwhile, government bond yields experienced a slight decline. A bond maturing on 15th December 2027 was quoted at 11.35/45%, down from 11.40/55%. Similarly, a bond maturing on 15th March