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Saturday October 23rd, 2021
Agriculture

Sri Lanka President in push to ensure fertilizer supplies for Yala

Sri Lanka's President Gotabaya Rajapaksa has met officials to ensure supplies of fertilizer with for the Yala cultivatio...

3 min read

Nestlé Sri Lanka unit Dec profits fall on lower sales

The Sri Lankan unit of food and beverage multinational Nestlé said profits for the December quarter fell 17.2 percent t...

3 min read

Sri Lanka coconut prices edge up at auction

Sri Lanka's average coconut prices edged up 1.2 percent to 45,455 rupees for a 1000 nuts from 44,882 rupees a week earli...

3 min read

Sri Lanka to open US$3.5mn spice testing lab for exports

Sri Lanka's Industrial Development Board (IDB), in partnership with multilateral agencies is in the process of installin...

3 min read

Sri Lanka country-wide curfew stopped with greatest difficulty: Basil

A request for a national curfew by health authorities was avoided with the greatest difficulty Basil Rajapaksa, brother...

Sri Lanka's Ceylon tea prices supported by China buying, India production fall

Sri Lanka tea prices showed a marginal appreciation amid a dip in Indian production due to the Coronavirus pandemic, alo...

Sri Lanka sets floor prices for farm-gate paddy

Sri Lanka is to purchase paddy (raw rice) at between 38 to 41 rupees a kilo, as the main Maha season harvests are beginn...

1 min read

Sri Lanka's Bairaha Farms to invest Rs1.3bn to increase production

ECONOMYNEXT – Sri Lankan poultry firm Bairaha Farms said it will spend Rs1.3 billion to increase day old broiler ...

1 min read

Sri Lanka’s DIMO extends market reach with control of seed, fertiliser firms

ECONOMYNEXT – Diesel & Motor Engineering said its acquisition of two firms supplying seeds and chemicals will qui...

2 min read

Sri Lanka coconut production down 18.6-pct in 2017

Sri Lanka's coconut production dropped 18.6 percent to 2.449 million nuts in 2018 amid a drought, from 3.011 million a y...

1 min read

Sri Lanka’s DIMO buys control of seed, fertiliser firms

ECONOMYNEXT – Sri Lanka’s Diesel & Motor Engineering said it has acquired control of two companies which i...

1 min read

Sri Lanka packeted tea exports fall in January

ECONOMYNEXT – Sri Lanka’s tea export earnings rose sharply in January 2018 from a year ago, as the crop al...

1 min read

Sri Lanka maize output to rise 32-pct in 2018 Maha as rains return

Sri Lanka has raised a maize production forecast for the main Maha cultivation season in 2018 to 243,888 metric tonnes w...

1 min read

Sri Lanka expects 2018 Maha paddy output to rise 57-pct after rains

Sri Lanka is expecting to a paddy output in the main Maha cultivation season to rebound 57 percent from a year earlier t...

1 min read

Sri Lanka’s seafood exports up 42-pct in 2017

ECONOMYNEXT – Earnings from Sri Lanka’s sea food exports rose 42% to US$ 241 million in 2017 from a year a...

2 min read

Sri Lanka cuts state land lease rentals for agriculture

Sri Lanka has cut the lease rentals charged on state land released for commercial agriculture, Lands Minister Gayantha K...

1 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 201.0455 200.5117
UK Pound 277.3121 277.2676
Euro 233.7456 233.8869
Aus Dollar 150.2614 151.2660
Yen 1.7625 1.7543
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6854 2.6801
Korea Won 0.1705 0.1707
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Source: Central Bank/Indicative
pts %
S&P SL20 3,572.70 0.54%
CSE All Share 9,881.50 1.78%
Turnover Rs million. 2,191,558,044.10 4,268,523
Source: CSE
Latest Last
3-m bill 7.19 6.64
6-m bill 7.31 6.80
12-m bill 7.46 6.96
5-yr bond 10.52 9.48
8-yr bond 11.37 9.97
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.11 5.11
Gilt Repo 5.14 5.14
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Source: Central Bank/Indicative

Sri Lanka's Agalawatte Plantations returns to profit

ECONOMYNEXT – Sri Lanka’s Agalawatte Plantations, which is carrying heavy losses with the former managemen...

2 min read

Sri Lanka's Hatton Plantations December net profit Rs94mn

ECONOMYNEXT - Sri Lanka's Hatton Plantations, which debuted on the Colombo Stock Exchange last Friday, made a net profit...

2 min read

High coconut prices causes loss at Sri Lanka’s Renuka Agri Foods

ECONOMYNEXT - Renuka Agri Foods, a Sri Lankan manufacturer of coconut-based food and beverage products, slipped into the...

1 min read

Sri Lanka's Watawala Plantations profits slide 58-pct

ECONOMYNEXT - Profits at Sri Lanka's Watawala Plantations fell 58 percent from a year ago to 202.1 million rupees in the...

2 min read

Sri Lanka’s Talawakelle Tea December quarter profit almost doubles

ECONOMYNEXT – Sri Lanka’s Talawakelle Tea Estates said net profit almost doubled to Rs153.6 million in the...

1 min read

Sri Lanka Tea Board to put criminal factory owners out of business

ECONOMYNEXT – Sri Lankan tea factories owned by people who adulterate black tea to get higher prices will be shut...

2 min read

Sri Lanka to crackdown on tea trade corruption

ECONMYNEXT – Sri Lanka’s Minister of Plantation Industries Naveen Dissanayake said he wants to focus on cl...

2 min read

Turkey buys more Sri Lankan tea for blending, re-export

ECONOMYNEXT – Turkey sharply increased imports of Sri Lankan tea in 2017 for blending and re-export, emerging as ...

1 min read

Sri Lankan tea exports to China up 30-pct in 2017

ECONOMYNEXT – Sri Lanka’s tea exports to China surged 30% to 9.9 million kilos in 2017 from the year befor...

2 min read

Sri Lanka 2017 tea production up 5-pct to 307mn kg, exports $1.5bn

ECONOMYNEXT –Sri Lanka’s tea industry recovered in 2017 with the crop up 5% to 307 million kilos from a ye...

1 min read