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Sunday July 25th, 2021
General Industry

Sri Lankans stock up, buy online in Covid-19 curfews, informal workers hard-hit: survey

Online purchasing and work from home had doubled in Sri Lanka and many people stocked more foods than earlier while thos...

3 min read

Sri Lanka manufacturing, services rebounds sharply in May from Coronavirus plunge: PMI

Manufacturing activity has rebounded strongly in May as Sri Lanka emerged from a Coronavirus crisis with some firms swit...

3 min read

Sri Lanka recycled plastics exporter sees brush demand, but yarn tied down by Covid-19

Sri Lanka’s BPPL Holdings Plc, a recycled plastics firm said export demand for the brush sector was still strong but ...

3 min read

Sri Lanka aluminium firm expects 40-pct market drop on Covid hit

Sri Lanka's market for aluminium extrusions is expected to drop 40 percent due to the hit on the property sector from C...

3 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 ...

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 ...

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

Sri Lanka’s Haycarb June net down despite higher sales

Sri Lanka’s coconut shell-based activated carbon manufacturer Haycarb said net profit fell six percent to 101 mil...

1 min read

Delayed municipal polls hit Sri Lanka construction, cement industry

Delayed elections in local government bodies, had had a cascading effect on the construction industry in 2017, compoundi...

2 min read

Sri Lanka to add 31 factories to Mirigama export zone

Sri Lanka is expanding an industrial zone in Mirigama in the north central region to accommodate 31 more foreign investe...

1 min read

Sri Lankan industry wants more budget support for rubber production

ECONOMYNEXT – Sri Lankan manufacturers of natural rubber products have urged the government to allocate more mone...

2 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 199.9000 199.9019
UK Pound 273.9929 273.5957
Euro 235.8120 235.9142
Aus Dollar 147.0165 146.9979
Yen 1.8150 1.8253
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6842 2.6681
Korea Won 0.1736 0.1740
Oman Rial 519.2343 519.2392
Saudi Riyal 53.2910 53.2972
UAE Dirham 54.4220 54.4232
Source: Central Bank/Indicative
pts %
S&P SL20 3,095.09 0.43%
CSE All Share 8,068.33 0.57%
Turnover Rs million. 4,885,333,805.80 3,078,656,097.55
Source: CSE
Latest Last
3-m bill 5.13 5.11
6-m bill 5.16 5.15
12-m bill 5.21 5.20
5-yr bond 7.34 7.33
8-yr bond 7.88 7.86
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.00 5.00
Gilt Repo 5.00 5.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka motor vehicle population up 7-pct to 7.2M: report

ECONOMYNEXT - Sri Lanka's motor vehicle population grew 7 percent from a year earlier to 7.2 million in 2017, the Ceylon...

1 min read

Sri Lanka's Ceylon Cold Stores June quarter net falls 65-pct

ECONOMYNEXT - Profits of Sri Lanka's listed Ceylon Cold Stores fell 65 percent to 238.9 million rupees in the June 2018 ...

2 min read

Indian experts to help upgrade Sri Lanka tyre making

ECONOMYNEXT – Sri Lankan has got the help of Indian experts to improve tyre manufacturing processes and develop n...

2 min read

Sri Lanka industrial activity picks up in May

ECONOMYNEXT- Industrial activity in Sri Lanka picked up in May 2018 compared to a year ago, with higher production in th...

1 min read

Sri Lanka's Loadstar to be part of Michelin with Camso take-over

Sri Lanka tyre maker Loadstar, is set to become part of Michelin, with its parent being taken over by the French group, ...

1 min read

Sri Lankan glass manufacturer looks overseas as local sales fall

ECONOMYNEXT- Sri Lankan glass bottle manufacturer, Piramal Glass Ceylon Plc, is turning to overseas markets as local sal...

2 min read

Sri Lanka's Adam Investment back in profit in March 2018 quarter

ECONOMYNEXT - Sri Lanka's listed Adam Investments which is undergoing restructuring, reported earnings of 5.3 million ru...

2 min read

India’s Pidilite Industries opens adhesive factory in Sri Lanka

ECONOMYNEXT – Pidilite Industries Limited, an Indian adhesive and construction chemical company, has commissioned...

2 min read

Sri Lanka's Uswatte Confectionary to double revenues with biscuit push

ECONOMYNEXT - Sri Lanka's privately owned Uswatta Confectionery Works is venturing into the crowded domestic biscuits ma...

2 min read

Sri Lanka beer sales to grow slowly in 2018, currency fall to hit buying power

Sri Lanka’s legal producers will continue claw back market share from illicit hard liqour following a change in t...

3 min read