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Monday June 3rd, 2024
Slideshows

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 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'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 ...

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

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
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

Swimwear makes splash at Sri Lanka's Colombo Fashion Week

ECONOMYNEXT - Colombo Fashion Week Swim 2016, showcased designers from Sri Lanka, the US and South Asia.

August 9, 2015 1 min read

China beats India to become Sri Lanka's top tourist market in July

ECONOMYNEXT - Sri Lanka's tourist arrivals rose 31 percent from a year earlier to 175,804 in July 2015 with China becomi...

August 5, 2015 1 min read

Free trade will benefit ordinary Sri Lankans, not elites: Razeen Sally

ECONOMYNEXT - Free trade benefits ordinary people of Sri Lanka and not just elites, but for more than half a century Mer...

Asantha Sirimanne
August 5, 2015 6 min read

Sri Lanka has to free consumers, liberalize factor markets, slash state controls: PM

ECONOMYNEXT - Sri Lanka has to move to the next generation of reforms, liberalizing factor and product markets and also ...

August 4, 2015 3 min read

Sri Lanka ex-president Rajapaksa draws strength from an elephant to face polls

ECONOMYNEXT - Former president Mahinda Rajapaksa added elephant hair to his armoury of mumbo jumbo to draw strength and ...

Our Political Correspondent
August 3, 2015 1 min read

Endangered species highlighted in concrete jungle

An image of an bird is projected onto the Empire State Building as part of an endangered species projection to raise awa...

August 2, 2015 1 min read

Machine gun killing an act of political terror: Sri Lanka Finance Minister

ECONOMYNEXT - Machine gun-wielding masked gunmen sprayed bullets in an act of political terror killing at least one pers...

July 31, 2015 2 min read

Arjuna's winning team paid tribute by 96-floor cricket bat tower in Sri Lanka

ECONOMYNEXT - India's Shreepati Edifice (Pvt) Ltd, will build a 96-floor tower in Sri Lanka's capital Colombo, styled li...

July 29, 2015 1 min read

Ex-Sri Lanka police spy bungles five-star liquor heist

ECONOMYNEXT - A retired spy from Sri Lanka's premier intelligence unit pulled off what seemed a stunning theft of foreig...

Our Police Correspondent
July 27, 2015 2 min read

China Harbour proposes dockyard at Sri Lanka’s Hambantota port

ECONOMYNEXT – China Harbour Engineering Company (CHEC) has proposed building a dockyard at Hambantota Port on Sri...

July 26, 2015 1 min read
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