An Echelon Media Company
Friday November 13th, 2026
General Industry

Hemas Holdings start Sri Lanka pharma plant to make five billion pills

Morison Plc, a unit of Colombo-based Hemas Holdings Plc, has opened an 18.5 million dollar pharmaceuticals plant which c...

October 3, 2020 3 min read

Sri Lanka's CEAT ups tyre output amid import controls, holds prices

Sri Lanka's CEAT KELANI Holdings Plc, a joint venture with India's CEAT group has boosted output 35 percent and is addin...

October 2, 2020 5 min read

Sri Lanka auto workshops say they can fix state vehicles at a lower cost

Sri Lanka Automobile Service Association representing automobile repair workshops around the country say they could repa...

September 18, 2020 3 min read

Sri Lanka to set up new industrial zone for Gampaha-Kegalle

Sri Lanka will set up a new industrial zone in an area spanning the Gampaha and Kegalle districts with a dozens of indus...

September 17, 2020 1 min read
Sri Lanka apparel factories running below capacity, 20-pct drop in orders

Sometimes they have to stop a production line, or operate below capacity

Nestlé Sri Lanka unit March net up 10-pct

ECONOMYNEXT – The Sri Lankan unit of food multinational Nestlé said March 2016 quarter net profit rose 10.1 pe...

May 6, 2016 1 min read

Sri Lanka Piramal Glass to expand capacity, annual profit up 50-pct

ECONOMYNEXT – Sri Lankan glass bottle maker Piramal Glass Ceylon said net profit during the year ended 31 March 2...

April 25, 2016 2 min read

Sri Lanka to assemble Volkswagen diesels for domestic market

ECONOMYNEXT - Sri Lanka's investment promotion agency said Senok Automobile (Pvt) Ltd, will be given land to build a pla...

April 11, 2016 2 min read

Sri Lankans warned of looming water cuts amid drought

ECONOMYNEXT - Sri Lanka's state-run water supply agency has asked customers not use piped drinking water to wash cars or...

March 27, 2016 1 min read

India's Hero buys Sri Lanka bicycle maker eyeing EU exports

ECONOMYNEXT - India's Hero Cycles Ltd, has bought controls of BSH Ventures Ltd, a Sri Lanka based bicycle maker with Ban...

March 23, 2016 2 min read

Sri Lanka beer drinkers to switch to arrack after tax hike: Fitch

ECONOMYNEXT - Arrack drinkers who were switching to beer until last year would now move back into the hard alcohol after...

February 25, 2016 4 min read

Sri Lanka's Distilleries group net up 11-pct

ECONOMYNEXT - Profits at Distilleries Company of Sri Lanka, which has interests in alcohol, plantations, insurance and t...

February 9, 2016 2 min read

Lanka Tiles December quarter net up 173-pct

ECONOMYNEXT – Sri Lankan floor tile maker Lanka Tiles said December 2015 quarter net profit shot up 173 percent t...

February 9, 2016 1 min read

Unilever Sri Lanka factory gutted; 'will strive' keep customers supplied

ECONOMYNEXT - Unilever Sri Lanka said it will "strive to maintain supplies" after its main factory in Sri Lanka was gutt...

February 6, 2016 1 min read

Sri Lanka Dipped Products makes Rs79mn loss in December quarter

ECONOMYNEXT - Sri Lankan rubber gloves manufacturer Dipped Products slipped into the December 2015 quarter, reporting a ...

February 3, 2016 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 332.3603 330.8514
UK Pound 440.9424 438.3450
Euro 368.4879 371.0168
Yen 2.0805 2.0916
Aus Dollar 227.4342 231.1659
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5474 3.4202
Korean Won 0.2492 0.2479
Oman Rial 863.2287 859.3320
Saudi Riyal 88.5586 88.0955
UAE Dirham 90.4874 90.0766
Source: Central Bank/Indicative
pts %
S&P SL20 6,365.57 +0.26%
CSE All Share 22,157.40 +0.56%
Turnover Rs 2975.05 million 1193.67 million
Source: CSE
Latest Last
3-m bill 7.61 7.84
6-m bill 7.91 8.26
12-m bill 8.23 8.3
3-yr bond 9.24 9.25
5-yr bond 9.82 9.56
8-yr bond 10.50 10.48
Source: Central Bank/Indicative
today yesterday
Overnight Money 7.70 7.69
Gilt Repo 7.74 7.72
I-m SLIBOR - -
Source: Central Bank/Indicative

Rising costs, slow sales hinder Sri Lanka Haycarb profit growth

ECONOMYNEXT – Sri Lanka’s Haycarb said net profit rose 10 percent to 170 million rupees in the December 20...

February 3, 2016 2 min read

US importers of Sri Lanka OTR tyres fight 'dumping' claim

ECONOMYNEXT - Importers of off-the-road tyres from Sri Lanka, India and China are fighting a 'dumping' claim by a US tyr...

February 2, 2016 1 min read

Sri Lanka's Piramal Glass net up; Norges Bank among top shareholders

ECONOMYNEXT – Sri Lankan glass bottle manufacturer Piramal Glass said net profit shot up 172 percent to 166 milli...

February 1, 2016 2 min read

Sri Lanka tyre makers targeted in 'dumping' case

ECONOMYNEXT - Sri Lanka's off-the-road (OTR) tyre makers have been targeted in an 'anti-dumping' case by a protectionist...

January 16, 2016 3 min read

Owner of world's largest blue sapphire ponders its fate

(Reuters) - The owner of the world’s largest blue sapphire, which he says is worth more than $100 million, said o...

Ranga Sirilal
January 8, 2016 2 min read

Sri Lanka revives US$1.5bn Trinco heavy industry deal

ECONOMYNEXT - Sri Lanka is re-evaluating a plan for a 1.5 billion US dollar heavy industrial zone near the island's Trin...

December 16, 2015 2 min read

Young people to find hard liquor attractive after Sri Lanka beer tax hike

ECONOMYNEXT - A switch to beer that was taking place especially among younger people, with proportionate levies would sl...

December 9, 2015 3 min read

Sri Lanka’s CIC sells wood glue business for Rs345mn

ECONOMYNEXT – Sri Lanka’s CIC Holdings said it has sold its Chemifix trademark and other brands associated...

November 30, 2015 1 min read

Link technical training with industry, ADB tells Sri Lanka

ECONOMYNEXT – The Asian Development Bank has recommended Sri Lanka encourage private sector involvement in curric...

November 27, 2015 2 min read

Sri Lanka private sector told not to expect protection

ECONOMYNEXT – Sri Lanka’s government will remove impediments to doing business to make companies more comp...

November 19, 2015 2 min read