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Saturday October 23rd, 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 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...

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...

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

Sri Lankan businesses gain protection from influence, not strategic value: IMF

ECONOMYNEXT – Some of Sri Lanka’s most protected companies gained their protection through high tariffs an...

3 min read

Rescom Mineral Trading wins Sri Lanka ilmenite deal

ECONOMYNEXT – United Arab Emirates-based Rescom Mineral Trading FZE has won a tender from Sri Lanka’s stat...

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
Oman Rial 522.2097 520.8231
Saudi Riyal 53.6007 53.4541
UAE Dirham 54.7338 54.5885
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
I-m SLIBOR - -
Source: Central Bank/Indicative

Switzerland’s KUK Electronic mulls plant in Sri Lanka

ECONOMYNEXT - KUK Electronic AG, a Swiss manufacturer of coils and electronics, is considering setting up a production p...

2 min read

Sri Lanka’s Elephant House doubles ice cream output with new plant

ECONOMYNEXT – Ceylon Cold Stores, a unit of Sri Lankan conglomerate John Keells Holdings, said it has commissione...

1 min read

Sri Lanka’s Piramal Glass March net down 56-pct

ECONOMYNEXT – Piramal Glass Ceylon (PGC) said net profit fell 56% to Rs92 million in the March 2018 quarter from ...

2 min read

Indonesia's Gama and Melstacorp in Sri Lanka cement venture

Sri Lanka's Melstacorp Plc, said it is moving into the import and distribution of cement with Gama Corporation, an Indon...

1 min read

Sri Lanka's MAS, other apparel firms in expansion drive

Sri Lanka's MAS group and several apparel firms are investing in boosting export production capacity, amid an overall in...

1 min read

Sri Lanka's Prima unit to set up US$28mn food plant

Ceylon Agro-Industries Ltd, a unit of Singapore based Prima group is setting up a 28 million US dollars plant to expand ...

1 min read

New solid waste disposal system for Sri Lanka export zone

ECONOMYNEXT – Sri Lanka’s investment promotion agency, the Board of Investment, plans to introduce a new s...

2 min read

IFC to finance Fairway Sri Lanka's waste-to-energy firm

Washington based International Finance Corporation said it is planning to help finance a 67 million US dollar waste-to-e...

1 min read

New beer tax policy brings cheer to Sri Lanka's Lion Brewery

ECONOMYNEXT - Sri Lanka's Lion Brewery has praised the government’s new tax policy based on alcohol content, sayi...

3 min read

Sri Lanka cigarette maker says sales up 11-pct in March quarter

Sri Lanka's Ceylon Tobacco Company said cigarette sales have grown 11 percent in the March 2018 quarter from a year earl...

1 min read

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