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Monday June 3rd, 2024
Slideshows

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 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 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 ...

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'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

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

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

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
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

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

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

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