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Monday June 3rd, 2024
General Economy

Sri Lanka coal plant may shut in May unless two ships unloaded: sources

If the coal ships leave if no payment made next week, coal plant may shut in May

April 16, 2022 2 min read

Sri Lanka stock market shut after default announcement

To digest monetary meltdown

April 16, 2022 2 min read

Sri Lanka to get US$10mn from World Bank for medicine

Country short of 237 drugs, diagnostic equipment under threat

April 13, 2022 2 min read

Sri Lanka inks investment deals worth US$765mn in 1Q: BOI

Received applications for projects with 1,412 million US dollars

April 6, 2022 1 min read
Major central banks to provide dollar swap lines in Panic of 2023

Central banks of England, Canada, Japan, Europe and Switzerland to provide dollar swap lines

Sri Lanka's JAAF welcomes IMF progress, calls for reforms

Good governance, and a recognition of the democratic process is key

Ancient Sri Lanka was a trading hub, not just a farm: economist

A view that is widely propagated that ancient Sri Lanka was simply based on agriculture economy is false, but the island...

July 16, 2019 6 min read

Sri Lanka factory production recovery gathers pace

ECONOMYNEXT - Sri Lanka’s factory production recovery gathered momentum in June with services also recovering fro...

July 15, 2019 2 min read

Support for budding entrepreneurs at Enterprise Sri Lanka show in Anuradhapura

ECONOMYNEXT – An exhibition that serves as a platform for budding entrepreneurs to get advice on building a busin...

July 15, 2019 2 min read

Singapore economy shrinks in warning for global trade

Growth in export-reliant Singapore suffered a surprise sharp contraction in the second quarter, official data showed Fri...

July 15, 2019 2 min read

Sri Lanka's growth downgraded to 3-pct for 2019

Sri Lanka's growth forecast for 2019 has been downgraded to 3.0 percent from an earlier 4.0 percent, though a recovery i...

July 11, 2019 1 min read

Sri Lanka’s economy to bottom out in 2019: HSBC

Sri Lanka’s economic slowdown which was caused by drought, floods, political uncertainty and the Easter Sunday te...

July 11, 2019 4 min read

Sri Lanka minister calls out anti-Muslim teacher who destroyed student's property

A minister in Sri Lanka called out a nationalist teacher who has destroyed a child's property in a bid to enforce a boyc...

July 10, 2019 2 min read

Sri Lanka Prime Minister wows to battle anti-freeholders

Sri Lanka' Prime Minister Ranil Wickremesinghe said he would battle in court anti-freeholders to give title to farmers a...

July 9, 2019 3 min read

Suicides due to economic reasons go up in Sri Lanka

Though family disputes, failed love affairs and suffering from chronic disorders are seen as the main reasons, suicides ...

July 8, 2019 1 min read

Students ridiculed in Sri Lanka for using brand targeted in anti-Muslim boycott: official

Students in Sri Lanka's education system are being ridiculed and are facing 'punishment' for using stationary produced b...

Chandeepa Wettasinghe
July 4, 2019 3 min read
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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 unemployed inches up in 1Q 2019; 221,000 new jobs created

Sri Lanka's unemployment has inched up to 4.7 percent in the first quarter of 2019 from 4.5 percent in 2018, but 221,000...

July 2, 2019 1 min read

Sri Lanka economic growth 3.7-pct in 2019 first quarter

Sri Lanka's economy grew 3.7 percent in the first quarter of 2019, helped by recovery in agriculture, the state statist...

June 19, 2019 2 min read

Sri Lanka economic growth 3.5-pct in first quarter 2019: Mangala

Sri Lanka's economic growth has accelerated to 3.5 percent of gross domestic product in the first quarter of 2019, from ...

June 18, 2019 1 min read

Sri Lanka's services sector continues fall in May, production shows recovery

Sri Lanka's service sector continued its fall seen in April following the Easter Sunday attack, while the manufacturing ...

June 15, 2019 3 min read

Sri Lanka consumer demand to recover in 4Q19: FC Research

Sri Lanka's consumer demand is expected to remain weak until the last quarter of 2019 after the Presidential Election is...

June 14, 2019 1 min read

Sri Lanka economic growth not dented despite Easter attacks: FinMin

Sri Lanka's economic growth will not fall below targets in 2019 despite fallout from the Easter Sunday terror, Finance M...

June 11, 2019 1 min read

Sri Lanka commerce returning to normal, more tourists by August: PM

ECONOMYNEXT – Germany has removed a travel ban on Sri Lanka, imposed after Easter Sunday’s suicide bombing...

May 29, 2019 1 min read

Singapore's G&G bullish on Sri Lanka agro sector after Hatton Plantations buy

Singapore-based G&G Group is looking to invest in Sri Lanka's agriculture sector in the future, an official said after a...

Chandeepa Wettasinghe
May 29, 2019 3 min read

Sri Lanka growth may fall below 3-pct in 2019: Report

Sri Lanka's economy is expected to grow below 3 percent in 2019 after the Easter Sunday attacks dampened growth prospect...

May 28, 2019 2 min read

Sri Lanka soft drinks market recovering from sugar tax

Soft drink sales have started to pick up after the initial shock of a sugar tax, while a price cut after taxes were redu...

May 27, 2019 2 min read
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