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Saturday May 15th, 2021
General Industry

Sri Lanka to run long-distance office trains for essential workers

Employers asked to only the bare minimum workers

4 minutes

Sri Lanka Air Force to produce high flow oxygen units for Covid-19 patients

The Air Force was planning to produce 50 machines and was ready to make more

1 min read

China looking at Sri Lanka to fill and finish Sinopharm Covid-19 vaccines

World Health Organization has approved the emergency use of Sinopharm vaccine

2 min read

Sri Lanka to start trial production of RT-LAMP Coronavirus test kit: SLINTEC

Manufacturing of trial batches will commence soon, which will then be followed by commercial production

2 min read

Sri Lanka's Ocean Lanka develops new fabric dying technology

Process slashes water use by over 60 percent, cuts energy use by 20 percent and is 30 percent faster

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Sri Lanka's Hayleys buys South Asia Textiles for Rs3.9bn

Hayleys Fabrics, a unit Sri Lanka's Hayleys group said it had bought 98.84 percent of South Asia Textiles Limited, weft-knitted textile manufacturer, ...

Sri Lanka PM opens DAG Apparel factory in Moneragala

Sri Lanka's Prime Minister Mahinda Rajapaksa has commissioned a 500 million rupee export apparel factory in Moneragala, ...

1 min read

Pakistan, Sri Lanka in talks for pharma JVs supported by buy-back deals

Sri Lanka has invited the Pakistani Pharmaceutical Manufacturers’ Association (PPMA) to set up joint ventures with par...

2 min read

China MCC in talks with Sri Lanka over US$310mn mineral sand venture

China Metallurgical Group Corporation (MCC) is in talks with Sri Lanka over a 310 million US dollar mineral sand project...

2 min read

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Sri Lanka manufacturing, services expand in Jan 2021:PMI

Sri Lanka's manufacturing Purchasing Managers' Index remained in expansion at 60.2 percent though 1 point down from Dece...

2 min read

Sri Lanka makes ceramic components for New Zealand tech company

Royal Fernwood Porcelain Limited, manufacturer of porcelain tableware said it had begun producing engineering components...

2 min read

Sri Lanka's Piramal Glass Ceylon net up 60-pct

Sri Lanka's Piramal Glass Ceylon Plc, said profits rose 60 percent from a year ago to 378 million rupees in the December...

1 min read

2

Sri Lanka's Global Rubber Industries adds agricultural tyre capacity

Sri Lanka's Global Rubber Industries said it is adding an agricultural tyre palnt that will take its capacity to 750,000...

2 min read

Sri Lanka state land on 30-year lease to Pelwatte Milk

Sri Lanka's cabinet of ministers had approved the transfer of 22 hectares of state land to Pelwatte Milk Industries Ltd,...

1 min read

Sri Lanka revises 'local value addition matrix' for assembled vehicles

Sri Lanka has revised the domestic 'value addition' criteria of assembled vehicles following discussions with the indust...

1 min read

Ferentino Tyre Corporation commissioned by Sri Lanka President

Ferentino Tyre Corporation (Pvt) Ltd, an export oriented greenfield project which the firm says will be South Asia's lar...

1 min read

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Latest Last
US Dollar 199.5000 199.5695
UK Pound 280.6067 281.7522
Euro 241.0758 242.1377
Aus Dollar 154.3033 155.9436
Yen 1.8202 1.8334
Source: Central Bank/Indicative
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Indian Rupee 2.7086 2.7185
Korea Won 0.1766 0.1778
Oman Rial 518.1953 518.3758
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pts %
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Turnover Rs million. 1,279,238
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3-m bill 5.07 5.04
6-m bill 5.11 5.09
12-m bill 5.16 5.15
5-yr bond 7.38 7.12
8-yr bond 7.87 7.71
Source: Central Bank/Indicative
today yesterday
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Source: Central Bank/Indicative

Sri Lanka to set up National Salt Company SOE with Elephant Pass salterns

Sri Lanka will set up state owned enterprise named National Salt Company to run salt pan in the Northern Province.

1 min read

Sunshine, Akbar form Sri Lanka pharma business stretching from R&D to retail

Sri Lanka's Sunshine Holdings and Akbar Brothers have combined their pharmaceutical units to create a combined entity th...

2 min read

Sri Lanka's Lanwa Sanstha Cement Corporation to start production in June 2021

Sri Lanka's Lanwa Sanstha Cement Corporation (Pvt) Ltd, affiliate of Ceylon Steel Corporation Limited said it is aiming ...

2 min read

Sri Lanka approves tax breaks for China tyre factory

Sri Lanka has approved tax breaks for a 300 million dollar tyre factory to be built by Shandong Haohua Tire Co. Limited ...

1 min read

3

Standard Chartered Sri Lanka finances PPE export production

Standard Chartered Sri Lanka said it had financed personal protective equipment manufacture for export at Sri Lanka's Di...

2 min read

Sri Lanka's Rigid Tyre Corporation to start production from Jan 2021

Sri Lanka's Rigid Tyre Corporation (Pvt) Ltd said it will start producing passenger car radials with a 100 million dolla...

3 min read

2

Sri Lanka tyre plant in Hambantota port by China's Haohua

China will build a 300 million US dollar tyre plant in Sri Lanka's Hambantota port that will export nine million tyres i...

1 min read

18

Govt to pay compensation to families of deceased migrant workers

Sri Lanka will pay LKR 500,000 as compensation to the families of each migrant workers who died due to COVID-19 overseas...

Imesh Ranasinghe

2 min read

Scrap metal from government to be given at concessionary rates to local industry

Government has decided to sell scrap metal produced by the state sector to local industries outside the formal procureme...

1 min read

Shaky table possible cause of Sri Lanka PCR machine breakdown: China

An unstable work bench may have caused the malfunction of a PCR testing machine in the forefront of containing the sprea...

1 min read

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