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Monday June 3rd, 2024
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Sri Lanka to develop 200 acres into lakeshore commercial hub

Sri Lanka has built a linear park along the shore of a lake in the capital Colombo where more than 200 acres of land wil...

June 13, 2018 1 min read

Sri Lanka move to privatize plantations was correct: Minister

Sri Lanka's decision to privatize state-run plantations in the 1990s was correct, but not all of the new owners were run...

June 7, 2018 4 min read

Sri Lanka's central expressway second phase progressing fast

The second phase of Sri Lanka's central expressway from Colombo to Kandy is built by 16 local contractors is already 25 ...

June 6, 2018 2 min read

Sri Lanka's central bank caught between peg and a hard place

Sri Lanka's central bank which is operating a non-credible pegged exchange rate with brief and violent swings to a float...

May 10, 2018 14 min read
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...

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...

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
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
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

Rupee, Sri Lanka, in trouble after Keynesian stimulus

ECONOMYNEXT - Sri Lanka has increased government spending to boost 'aggregate demand' after coming to power in 2015, Pri...

March 29, 2016 6 min read

Sri Lanka plans directed credit law, amid warnings of US disaster

ECONOMYNEXT - Sri Lanka is planning to enact a law to force banks to lend back an unspecified share of deposits to the s...

March 27, 2016 6 min read

India's Raghuram Rajan: aggressive monetary policy could have great costs

ECONOMYNEXT - Monetary policy cannot solve problems of long term growth and 'aggressive' money printing to reverse defla...

Asantha Sirimanne
March 12, 2016 3 min read

India's Modi takes swipe at countries that 'undervalue' currencies

ECONOMYNEXT - India's Prime Minister Narendra Modi slammed countries that follow 'beggar thy neighbour policies' and all...

Asantha Sirimanne
March 12, 2016 2 min read

Hong Kong dollar will be rock solid, currency bears should beware: Steve Hanke

ECONOMYNEXT - The Hong Kong dollar, backed by complementary monetary and exchange rate policy of its currency board will...

Asantha Sirimanne
March 2, 2016 5 min read

Colombo Fashion Week Sri Lanka 2016 - In pictures

ECONOMYNEXT - Glimpses of Colombo Fashion Week 2015

February 28, 2016 1 min read

Sri Lanka PM slams protectionists, economic nationalists as traitors

ECONOMYNEXT - Sri Lanka's Prime Minister Ranil Wickremesinghe slammed protectionist businessmen and trade unions who are...

February 21, 2016 8 min read

Sri Lanka's tobacco firm Dec net down; sales plunge q-o-q

ECONOMYNEXT - Profits at Sri Lanka's Ceylon Tobacco Company Plc, fell 8 percent to 1.84 billion rupees in the December 2...

February 20, 2016 2 min read

UN human rights chief Zeid Ra'ad Al Hussein in Sri Lanka - in pictures

ECONOMYNEXT - UN human rights chief Zeid Ra'ad Al Hussein showed enthusiastic interest in professional cameras ahead of ...

February 9, 2016 1 min read

Sri Lanka Independence Day 2016 - in pictures

ECONOMYNEXT - Sri Lanka celebrated independece day on February 04, 2016 where the national anthem was sung in both Sinha...

February 4, 2016 1 min read