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Sunday September 19th, 2021
General Industry

Sri Lanka's Colombo Dockyard wins Norway deal for bulk carriers

Sri Lanka's Colombo Dockyard Plc said it is getting ready to build six 5,000 dead weight tonne bulk hybrid carriers for ...

6 min read

Sri Lanka cigarette sales recovering fast from 38-pct plunge in Coronavirus lockdown

Ceylon Tobbacco Plc, a unit British American Tobacco that that has a monopoly in cigarette production said volumes fell ...

6 min read

Sri Lanka drug manufacturers welcome pharma state ministry

Sri Lanka's pharmaceuticals manufacturers have welcomed the appointment of a minister for the sector, saying they now ac...

6 min read

Fuelled by passion and innovation

Sri Lanka’s lockdown came swiftly, as a necessary measure to flatten the curve of COVID19. This put enormous pressure ...

6 min read

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...

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,...

Political crisis seen delaying Iluka mining investment in Sri Lanka

ECONOMYNEXT - Australian mineral sands miner Iluka Resources Ltd. has said Sri Lanka’s recent political crisis co...

2 min read

Industrial production in Sri Lanka slows amid political crisis in Nov

Industrial activity in Sri Lanka has slowed in November with lower food production and despite growth in apparel manufac...

2 min read

Eco Spindles says recycling 20-pct of PET bottles in Sri Lanka

Eco Spindles (Pvt) Ltd, a unit of Sri Lanka based BPPL Group, says it is recycling 20 percent of Sri Lanka's used plasti...

2 min read

IV fluids plant to be set up in Sri Lanka industrial park

ECONOMYNEXT – An intravenous (IV) fluids manufacturing plant is to be set up in an industrial park in central Sri...

1 min read

Sri Lanka industrial activity up 2.8-pct in October

ECONOMYNEXT- Industrial activity in Sri Lanka grew 2.8 percent from a year earlier in October 2018 with growth across mo...

1 min read

Sri Lanka industrial production down 0.7-pct in Sept

Sri Lanka's industrial production in September 2018 fell 0.7 percent from a year earlier with declines in food manufactu...

1 min read

Sri Lanka’s Haycarb Sept net profit up 56-pct

Sri Lankan coconut shell-based activated carbon maker Haycarb said net profit rose 56 percent to 203 million rupees in t...

2 min read

Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise

ECONOMYNEXT - Sri Lanka’s Piramal Glass Ceylon said it made a loss of 8.5 million rupees in the September 2018 qu...

2 min read

Sri Lanka industrial production picks up 0.4-pct in August

Sri Lanka's industrial production increased 0.4 percent in August 2018 from a year earlier, driven by... the state stati...

2 min read

Sri Lanka state drugs maker doubles capacity with Japanese aid

ECONOMYNEXT - Sri Lanka's State Pharmaceutical Manufacturing Corporation (SPMC) is expected to double annual production ...

1 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 200.0000 200.0063
UK Pound 275.8000 276.7787
Euro 235.2700 236.3574
Aus Dollar 145.7600 146.5546
Yen 1.8202 1.8301
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7197 2.7215
Korea Won 0.1699 0.1710
Oman Rial 519.4940 519.5104
Saudi Riyal 53.3177 53.3286
UAE Dirham 54.4492 54.4509
Source: Central Bank/Indicative
pts %
S&P SL20 3,309.99 0.67%
CSE All Share 8,848.04 -0.93%
Turnover Rs million. 2,191,558,044.10 3,956,871
Source: CSE
Latest Last
3-m bill 5.85 5.77
6-m bill 5.90 5.82
12-m bill 5.97 5.89
5-yr bond 8.69 8.47
8-yr bond 9.18 9.05
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.11 5.11
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka tariffs, land stumbling blocks for factories

State regulations, protectionist para-tariffs and lack of industrial land in Sri Lanka has stopped competitive new indus...

3 min read

Sri Lanka sees more FDI firms exiting than entering: study

ECONOMYNEXT - Many firms registered with the Board of Investment which regulated foreign investments have exited Sri Lan...

4 min read

Sri Lanka manufacturing index grow 1.1-pct in July

Industrial production activities in Sri Lanka during July 2018 grew by 1.1 percent compared to a year earlier, an index ...

1 min read

Ceat Kelani gets Sri Lanka state bus service tyre deal

ECONOMYNEXT – Ceat Kelani International Tyres Private Ltd. has won a contract to supply new tyres for the governm...

1 min read

PVC pipe maker to focus on projects after Sri Lanka retail market losses

Sierra Industries (Pvt) Ltd, a unit of publicly traded Sierra Cables Plc, which makes water pipes, says it is focusing o...

2 min read

New businesses to add over 1,300 jobs in northern Sri Lanka

ECONOMYNEXT – Fourteen new businesses coming up in northern Sri Lanka will create over 1,300 jobs in the former w...

3 min read

Sri Lanka 's Lion Brewery June net up 134-pct

Profits at Sri Lanka's listed Lion Brewery grew 134 percent from a year earlier to 737.7 million rupees in the June 2018...

2 min read

Sri Lanka Index of industrial production up 0.4-pct in June

Production in Sri Lanka’s industrial sector increased by 0.4 percent in June 2018 from a year earlier, data from ...

1 min read

Piramal Glass Sri Lanka unit June net down 55-pct

ECONOMYNEXT – Piramal Glass Ceylon said net profit fell 55% to Rs47 million in the June 2018 quarter from a year ...

3 min read

Sri Lanka's Ceylon Tobacco net up 47-pct, volumes grow

Profits at Sri Lanka's Ceylon Tobacco Company Plc, a unit of British American Tobacco grew 47 percent in the June 2018 q...

1 min read