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Sri Lanka to cut embarkation tax by US$10 to boost tourism

Sri Lanka is planning to cut the embarkation tax on tourists by 10 US dollars to boost tourism in the wake of Easter Sun...

July 5, 2019 1 min read

Sri Lanka making detailed designs for US$600mn Colombo suburban electric train

Sri Lanka has started making detailed designs for Colombo suburban electric trains adding an extra track to existing rai...

July 5, 2019 1 min read

Sri Lanka security services see rush after bombings

Many of Sri Lanka's private security firms are seeing a spike in demand which they cannot meet after Easter Sunday bombi...

May 21, 2019 3 min read

Growing taste for Sri Lankan tea among Chinese youth triggers export boom

ECONOMYNEXT- Chinese youth are acquiring a taste for Sri Lanka’s black tea, with shipments to China, mainly a gre...

May 21, 2019 2 min read
Sri Lanka’s Laugfs Gas in talks with strategic investors in LPG, hotels

ECONOMYNEXT – Sri Lanka’s Laugfs Gas, which has diversified from a domestic cooking gas supplier to region...

Sri Lanka bad loans grow to 4.8-pct in June after soft-peg collapse

Bad loan in Sri Lanka banking system grew to 4.8 percent of gross loans by June 2019, from 4.2 percent in March, though ...

Demonetization is theft; India going cashless is a joke: Steve Hanke

Demonetisation is always theft and its contradictory effect on the money supply, coupled with a negative confidence shoc...

February 13, 2017 3 min read

Sri Lanka's 'alternative facts' on bond sales

Sri Lanka's government Tuesday resorted to the latest Donald Trump tactic of offering "alternative facts" to defend Arju...

Our Political Correspondent
January 24, 2017 2 min read

Trump inaugurated amid anti-fascist protests

Black-clad activists protesting U.S. President-elect Donald Trump's inauguration smashed store and car windows in Washin...

January 20, 2017 2 min read

Meryl Streep decries nationalism, xenophobia in Trump's USA

Actress Meryl Streep turned a Golden Globe acceptance speech into a scathing attack on U.S. President-elect Donald Trump...

January 9, 2017 3 min read

Sri Lanka's China industrial zone draws protests - in pictures

ECONOMYNEXT - Sri Lanka unveiled an industrial zone for Chinese investors amid protests from opposition politicians, mon...

January 7, 2017 1 min read

Sri Lanka drifting, window for economic take-off narrowing: Razeen Sally

Sri Lanka is in a period of dangerous policy drift with mediocre governance which is inherently unstable with the danger...

December 21, 2016 6 min read

Sri Lanka on path to raise more taxes and fix state finances: IMF Video

Sri Lanka's current administration began a drive to increase government revenues getting more taxes from the people, ins...

December 19, 2016 1 min read

Drought, coal plant outage raises Sri Lanka power cut risks

Sri Lanka's power regulator has warned of risks of power shortfalls in early 2017 amid weak rainfall and urged the state...

December 14, 2016 2 min read

Vietnam's 'Bikini Airline' valued at over billion US dollars in planned IPO

Vietnam's Vietjetair, the country's only private airline, a firm barely five years old and is growing at a blistering pa...

December 2, 2016 2 min read

Sri Lanka listed company profits up 11-pct, market re-rated down: data

Profits at Sri Lanka's publicly traded companies rose 11 percent to Rs225 billion in the 12 months ending September 2016...

November 23, 2016 2 min read
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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
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3-m bill 21.72 21.79
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Source: Central Bank/Indicative
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Overnight Money 13.93 14.00
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Sri Lanka's ex-leader slams India over China ties

ECONOMYNEXT - Sri Lanka's former president Mahinda Rajapaksa launched an attack on India on Tuesday, ahead of his visit ...

Our Political Correspondent
November 23, 2016 3 min read

Maersk, MSC, CMA CGM, top port operators bid for Sri Lanka terminal

Seven consortia, made up of the largest shipping lines in the world including Maersk, MSC and CMA CGM, teaming up with t...

September 22, 2016 1 min read

Sri Lanka budget gap down in first half 2016, on target

Sri Lanka's budget deficit narrowed 18 percent in absolute Rs328.8 billion in in the first half of 2016 from a year earl...

September 12, 2016 2 min read

Sri Lanka can boost revenues, slash graft with a low uniform tariff: Prema-Chandra Athukorala

Sri Lanka can sharply boost state revenue with a lower uniform import tariff, as evidenced from other countries also sho...

September 3, 2016 2 min read

Central Bank of Sri Lanka, FinMin main sources of economic instability

The finance ministry which runs budget deficits and the central bank which compounded fiscal debacles by printing money,...

August 8, 2016 5 min read

Sri Lanka makes big financial gains from plantations privatization

Sri Lanka's government has made financial gains from privatising plantations and also avoided continuous bailouts from t...

August 6, 2016 2 min read

Sri Lanka's ex-President leads protest March - Pictures

Sri Lanka's 'joint opposition', made up small parties of an ousted coalition that ruled the island until 2014 and rebels...

August 2, 2016 1 min read

Sri Lanka PM addresses Indian Chief Execs: In pictures

Sri Lanka's Prime Minister Ranil Wickremesinghe addressed Chief Executives of Indian businesses in Colombo on July 12

July 13, 2016 1 min read

Sri Lanka to recruit jobless graduates to police new price controls

Sri Lanka is planning to hire dozens unemployed graduates to police price controls that are expected to be imposed next ...

July 9, 2016 3 min read

Sri Lanka pledges not to curb import freedoms of citizens during IMF deal

ECONOMYNXT - Sri Lanka has agreed not curb citizen's freedom to import goods or slap direct or hidden exchange controls ...

June 14, 2016 3 min read