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Monday June 3rd, 2024
Slideshows

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 needs a narrower inflation target to stop stagflation, BOP crises: Bellwether

Sri Lanka is now in a quagmire of stagflation with inflation at 7.0 percent and growth at 4.0 percent, due to policy err...

February 20, 2018 16 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...

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...

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
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 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

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

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