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As Sri Lankans stare at empty supermarket shelves, here's how the country's economy slid into crisis

Last week, President Gotabaya Rajapaksa declared a state of emergency over food supplies. ....

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Sri Lanka rupee dollar swap discounts narrow, short tenors positive

Sri Lanka rupee dollar swap discounts narrow, short tenors positive
economynext.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from economynext.com Daily Mail and Mail on Sunday newspapers.

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Sri Lanka Development Bonds auction, US$59mn sold, 44-pct rolled over

Friday July 30, 2021
7:04 am
Friday July 30, 2021
7:04 am
ECONOMYNEXT – The debt office has sold 59.36 million US dollars in dollar denominated Sri Lanka Development Bonds or 44 percent of a maturing tranche of 106.56 million US dollars, data show.
48.31 million dollars of 9 months bonds were sold at 7.69 percent accepting all bids.
4.51 million dollars of 1 year 8 month bonds were sold at 7.67 percent, accepting all bids.
1.25 million dollars of 2 year 9 month bonds were sold at 7.98 percent, accepting all binds
5.29 million US dollars of 5 year bonds were sold at 7.60 percent, accepting all bids. (Colombo/July30/2021)
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Challenge Before The New Finance Minister: Choice Between Pragmatism & Dogmatic Ideals

Challenge Before The New Finance Minister: Choice Between Pragmatism & Dogmatic Ideals
Dr. W.A Wijewardena
The new Finance Minister Basil Rajapaksa, known in political circles by his first name Basil, is reported to have made an especially important confession on assuming duties last week.
He is said to have pronounced: “Our priority is to serve the people. We have identified all the key priorities and requirements of the general public. However, at times we will have to take certain unpopular decisions, just like how a father would for the betterment of his children and family. But these out-of-favour decisions are taken with so much honesty and consideration for the betterment of the entire nation. Therefore, I urge you all to support our efforts in these trying times” ....

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Local companies permitted to invest in International Sovereign Bonds in Secondary Market

Local companies permitted to invest in International Sovereign Bonds in Secondary Market
island.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from island.lk Daily Mail and Mail on Sunday newspapers.

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