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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...

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 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...

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...

Sri Lanka expects Google Loon to increase competition, reduce prices

ECONOMYNEXT – Google’s Project Loon aerial wireless network using balloons Sri Lanka is trying out should ...

February 2, 2016 3 min read

Sri Lanka destroys blood ivory - In pictures

ECONOMYNEXT - Sri Lanka destroyed 1.5 tonnes of ivory from elephants slaughtered by poachers in seveal African countries...

January 27, 2016 1 min read

Sri Lanka ponders threat to whales from shipping route

ECONOMYNEXT – A proposal to shift the shipping route around Sri Lanka's south coast is being considered given inc...

Rohan Gunasekera
January 26, 2016 2 min read

Indian aircraft carrier INS Vikramaditya in Colombo - In pictures

ECONOMYNEXT - Indian aircraft carrier INS Vikramaditya visited Colombo on its maiden overseas call.

January 22, 2016 1 min read

Cycle journey around Sri Lanka to change lives of children with cerebral palsy

ECONOMYNEXT - Local and international riders will cycle 1,400 kilometres around Sri Lanka in April in an initiative bran...

January 15, 2016 3 min read

Sri Lanka to call for new port terminal bids by January

ECONOMYNEXT – Sri Lanka will make an international call for proposals to operate its new deep-water container ter...

December 21, 2015 1 min read

Sri Lanka MP’s pampered with free body massage

ECONOMYNEXT, Sri Lanka's law makers are entitled to duty free cars and heavily subsidised five-star meals in addition to...

Our Political Correspondent
December 20, 2015 2 min read

Amazon releases video showcasing unmanned delivery drones

NEW YORK, Nov 29 (Reuters) - Amazon has unveiled what its unmanned drones for package delivery would look like with a vi...

November 30, 2015 2 min read

Ravi to liberate Sri Lanka's homeless from grip of protectionists

ECONOMYNEXT - Sri Lanka's Finance Minister Ravi Karunanayake has proposed to cut protectionist taxes on steel and sanita...

November 23, 2015 2 min read

Sri Lanka on an ill-thought out slippery slope of price controls: economists

ECONOMYNEXT - Sri Lanka is on a slippery slope of undermining markets with ill-thought of experiments on price controls,...

Asantha Sirimanne
November 20, 2015 6 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

WTF: observers study space junk as it burns off Sri Lanka

ECONOMYNEXT - A team of US and German scientists, backed by the Abu Dhabi based International Astronomical Center (IAC) ...

November 15, 2015 1 min read

Sri Lanka unveils deep reforms to boost economic activity, freedom

ECONOMYNEXT - Sri Lanka's Prime Minister Ranil Wickramasinghe has unveiled far reaching reforms involving trade liberali...

November 6, 2015 5 min read

Sri Lanka should not cut rates, but look at tightening ahead: IMF

ECONOMYNEXT - Sri Lanka should not cut rate policy rate as core inflation is rising steadily and credit is expanding a h...

September 19, 2015 5 min read

Amal Clooney in Maldives to help jailed ex-President Mohamed Nasheed - In Pictures

ECONOMYNEXT - International human rights lawyer Amal Clooney, wife of George Clooney, met the jailed former president of...

September 9, 2015 1 min read

China Yuan moves show futility of US Mercantilism: Steve Hanke

ECONOMYNEXT - The volatility in China shows the futility of misguided US policy to force Yuan's appreciation in a failed...

August 29, 2015 6 min read

Sri Lanka must 'think carefully' about devaluation: Harsha

ECONOMYNEXT – Sri Lanka needs to “think carefully” about devaluating its currency at a time when othe...

August 25, 2015 1 min read

Opposition party joins Sri Lanka government

(AFP) - Ranil Wickremesinghe was sworn in as Sri Lanka's prime minister on Friday for another term after securing the ba...

August 21, 2015 2 min read

Sri Lanka UNP's economic, investment heavyweights elected

ECONOMYNEXT - Key ministers of Sri Lanka's UNP-led administration of 2015 dealing with economic policy and investment ha...

August 19, 2015 2 min read

Sri Lanka PM, ex-President confident of victory

ECONOMYNEXT - Sri Lanka's Prime Minister Ranil Wickremesinghe and ex-President Mahinda Rajapaksa expressed confidence of...

August 17, 2015 2 min read

Sri Lanka's President Sirisena sacks secretaries in final showdown

ECONOMYNEXT, Sri Lanka President Maithripala Sirisena sacked the two of his senior most party secretaries and suspended ...

August 14, 2015 3 min read
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