#SriLanka has secured 60 million dollars in financing for an irrigation project from OPEC Fund for Development for which the Asian Development Bank has also agreed to provide 200 million dollar Minister Nalinda Jayatissa said. The entire project, called Mahaweli water security investment project is estimated at 536.5 million US dollar. monetabrief.com/news/sri-lan…

#SriLanka's met department warned of more rain over the island on October 27 from the effects of severe cyclonic storm Arnab (pronounced Ornab) while the met officials in India also tracked an interaction with a low pressure area over the North. Arnab is likely to become very severe cyclonic storm by October 28 and cross the Andra Pradesh coast. "Although this system is not expected to have a direct impact on Sri Lanka, the showery condition over the southwestern parts of the island is expected continue today, as the wind flow associated with the system extends across the island," the Met Department said. monetabrief.com/news/sri-lan…

MONETABRIEF – Sri Lanka's Bank of Ceylon has decided to sell 5 to 7 year bonds to raise up to 30 billion rupees in Basel II compliant bonds. The initial offer will be 10 billion rupees. It will be increased by another 10 billion and a further 10 billion if there is an oversubscription.monetabrief.com/news/sri-lan…

MONETABRIEF – #SriLanka's merchandise exports rose 21.6 percent from a year ago to 1,385 million US dollars in September 2025, helped by petroleum, foods and electronics, the island's Export Development Board said. Petroleum exports rose 132-pct to 151 million US dollars in September. Unclassified other exports rose 70 percent to 159 million dollars, contributing to the growth. Processed foods and beverages rose 27 percent to 63 million dollars. monetabrief.com/news/sri-lan…

#SriLanka's central bank has depreciated the rupee dishonoring its note issue, which has been bloated by previous dollar purchases, as foreign investors exited rupee bonds in marginal amounts. monetabrief.com/news/sri-lan…

MONETABRIEF — The leader of Buddhist monks campaigning for a pardon for their convicted colleague, Ven. Galagodaaththe Gnanasara, held a secret meeting at a Colombo hotel to hammer out strategy, according to security footage leaked on social media. Ven. Balangoda Kassapa, the newest firebrand priest, was seen covering himself from head to toe with a saffron robe as he entered The Kingsbury hotel over the weekend, with social-media users saying he was wearing a “saffron burqa”. monetabrief.com/news/sri-lan…

At least 40 Iranian sailors from US-sanctioned oil tankers anchored just outside #SriLanka’s territorial waters have sought urgent medical treatment on the island, officials said. The merchant sailors were brought ashore through the port of Galle, 115 kilometres south of Colombo, over the weekend, officials said.monetabrief.com/news/iranian…

“Political appointments made in the past have resulted in excessive staffing at lower levels of the public service, creating a substantial financial burden,” Dissanayake said. He said #SriLanka's Ministry of Finance had appointed a committee to examine the institutions and determine whether they should be closed or merged. The initiative, he added, was intended to reduce inefficiency and ensure that public resources were directed towards essential services and national development. monetabrief.com/news/sri-lan…

#SriLanka's rupee weakened below 332 to close at 332.20/35 to the US dollar, dealer said amid high excess liquidity while bond yields edged up. There have also been some foreign selling in rupee bonds this week. The central bank in triggering forex crises during 2015-2019, in the run up to the first default, printed money, depreciated the currency by dishonoring them as private credit picked up. monetabrief.com/news/sri-lan…

At the root of the magistrate’s controversial remarks was the Gampaha Anti-Narcotics Unit’s prosecution of the same suspect twice on the same day for the same offence, apparently in an attempt to inflate the number of drug-related prosecutions. The magistrate had ordered three police officers of the Anti-Narcotics Unit and the Police Department to pay Rs. 200,000 in compensation to a suspect who had been wrongfully charged. #srilanka monetabrief.com/news/sri-lan…

A planned container inspection centre is expected to facilitate export import container handling from the first quarter of 2027. "To attract more shipping lines and services, we also need gateway cargo," Bindu Ranasinghe, HIPG’s General Manager – Commercial and Marketing, said in a statement. "Industrial development within and around the port, together with the inspection facilities we are establishing, will help create the conditions for that business to grow."monetabrief.com/news/china-b…

Rupavathi Kethiswaran, Thilan Wijesinghe, Jayantha Fernando Excluded from Sri Lanka Probe Case List : Bimal monetabrief.com/news/rupavat…

#SriLanka excess liquidity soars above Rs400bn, twice the level of the crisis period. If the liquidity remains unsterilized or partially sterilized with term repos, the central bank has to make unsterilized sales (dollar have to be returned to the owners of the new rupees) to prevent depreciation. If the central bank dishonors the notes, like a businessman without honor that issues a 'rubber checque' which bounces, the rupee will depreciate. monetabrief.com/news/sri-lan…

Diesel and Motor Engineering Plc has won a contract to supply 200 single cab trucks for #SriLanka Police, Minister Nalinda Jayatissa said. Each truck was priced at 4.785 million rupees, before value added tax. monetabrief.com/news/dimo-wi…

#SriLanka's domestic swaps with the central bank reduced marginally to 2,124 million US dollars in July 2026 from 2,164 billion rupee in June, official data shows. A foreign exchange swap with the central bank creates money by monetizing foreign assets of commercial banks and pushes up excess liquidity and the note issue. monetabrief.com/news/sri-lan…

#SriLanka's nation-wide power blackout October 18 was triggered by a steep drop in output from a coal plant which set off a cascading failure, Chief executive of the National Systems Operator, Buddika Samarasekera said. monetabrief.com/news/sri-lan…

The Colombo branch of the Bank of China has been authorized to clear Renminbi transactions between the two countries, #SriLanka's Finance Ministry said. monetabrief.com/news/bank-of…

#SriLanka Ports Authority will seek new investors for a logistics hub after a planned project with private investors was terminated, President Anura Kumara Dissanayake said. "All that has been now cleared up," President Dissanayake said. "I think it is a very good location. We hope to tender is quickly. Then we have the ability to attract a very good investor for a logistics hub." monetabrief.com/news/sri-lan…