An Echelon Media Company
Monday May 20th, 2024
General Industry

Fonterra to exit or sell down Sri Lanka unit

To keep ingredient and food service supply divisions

May 16, 2024 2 min read

Sri Lanka owned UAE firm claims first Hummer EV conversion to right hard drive

The firm has shifted operations to Ras Al-Khaimah in the UAE

March 18, 2024 1 min read

Macubator to support Sri Lanka and regional start-ups

A start-up accelerator backed by MAC Holdings hopes to support aspiring entrepreneurs, uni students commercialize ideas

December 15, 2023 2 min read

Sri Lanka wants university research to lead to commercially viable products

Ministry of Industries pushes universities, business to work together to produce exportable, commercially-ready products

December 11, 2023 2 min read
Sri Lanka to raise fines after high inflation

Old fines do not match the recent substantial rises in prices of goods and services, only small fines are made: Minister

Sri Lanka Water Board makes Rs5.6bn rupee profit

Non-revenue water rise slightly

Sri Lanka shipbuilder battered in currency storm

Currency crises, global inflation, default pushes up costs and delays deliveries

November 23, 2023 3 min read

Sri Lanka beer battle to froth after Heineken purchase

Will require new investments

November 20, 2023 3 min read

Distilleries Company of Sri Lanka to buy Heineken beer

Heineken brands to be produced by Distilleries

November 17, 2023 1 min read

Sri Lanka’s Tess Agro opens tin can plant

Tess Agro said it commenced a tin can manufacturing at its factory premises in Kelaniya.

November 16, 2023 2 min read

Sri Lanka suspends licenses of five alcohol firms over unpaid taxes

The firms owed 6.7 billion rupees including fines

November 7, 2023 2 min read

VAT increase could reduce purchasing power: Ceylon Chamber

CCC raises concerns about VAT increase, says government should consider other options of increasing revenue.

November 3, 2023 2 min read

Labor law reforms a must to boost competitiveness: Sri Lanka's private sector

Sri Lanka cannot be a competitive business hub without adhering to current international labour practices

November 3, 2023 3 min read

Will include private sector proposals in budget: President

Leaders of private sector institutions presented proposals to the President

November 2, 2023 1 min read

Bank loan concessions for SMEs in budget: Sri Lanka president

We aim to introduce measures that provide bank loan concessions to support small and medium-scale industries

November 2, 2023 2 min read

Sri Lanka to call RFP for value addition, upgrading of some SOEs

Most Sri Lankan minerals are mostly exported as raw materials

October 27, 2023 1 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 sugar firms burying ethanol after currency collapse, taxes: Minister

Legal alcohol producers are not buying ethanol produced at state-run sugar firms and material is piling up

October 23, 2023 3 min read

Sri Lanka suspends soft alcohol licences to hotels pending court case

Sri Lanka’s Excise Department suspended soft alcohol licenses issued to hotels and restaurants registered with SLTPB.

Nethmi Rajawasam
October 19, 2023 1 min read

Sri Lanka to introduce social security system: minister

The system will address weaknesses of the current system and provide much-needed support to workers and their families

September 27, 2023 1 min read

Sri Lanka to optimize investments in mineral resources

These resources have the potential to yield significant value through the production of value-added goods.

Apsara Rodrigo
September 26, 2023 3 min read

Sri Lanka egg production to pick up by year end: Minister

Egg and poultry prices are likely to drop by December, and there would be no further price hikes, minister says

September 15, 2023 2 min read

Dutch feminist policy to help unlock female economic potential in Sri Lanka

Netherlands to help Sri Lanka unlock female workforce potential with feminist foreign policy

Apsara Rodrigo
August 31, 2023 2 min read

Sri Lanka to lease state land for Dambulla Agro Cool warehouse

Land given on 30-year lease

August 29, 2023 1 min read

Sri Lanka mineral sands SOE pays Rs1.5bn dividends

Lanka Mineral Sands Limited mines beach sands and exports

Nethmi Rajawasam
August 23, 2023 1 min read

Sri Lanka's Dipped Products to invest Rs1.6bn in solar power, re-use more water

Already 93-pct of energy needs met by biomass and renewable sources

August 20, 2023 1 min read

Sri Lanka cancels 1,200 acre land lease to non-starter Hambantota refinery

A 420,000 barrels a day refinery was proposed

August 15, 2023 1 min read
1 2 3 25