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Monday November 28th, 2022
General Services

Sri Lanka's China-backed Port City to issue dollarized business licenses

Colombo Port City to be protected from the central bank's policy rate and depreciation

September 29, 2022 2 min read

Sri Lanka private bus service in turmoil, must be permitted to refuel anywhere: PBOA

“The allocation of fuel to the transport industry is not an efficient or fair allocation,” he said.

September 19, 2022 2 min read

Decathlon closes Sri Lanka store after import ban

Due to the ongoing situation in the country it has become impossible for us to resupply our product ranges

September 10, 2022 2 min read

Sri Lanka may consider increased fuel quotas for police-registered tuktuks

“We asked them to register with the police because it will make it easier to identify them."

September 6, 2022 2 min read
Sri Lanka president approves proposal to increase tuktuk petrol quota to 10 litres

The first phase will commence in the Western province, the PMD said.

Sri Lanka to probe alcohol producers running their own retail outlets

Commissioner General of Excise for a report about alcohol producers running their own retail outlets

Sri Lanka to lift forced dollar conversion rule on services exports: CB Governor

We have been told that some person are not bringing these money in at all because of the forced conversion rule

April 30, 2022 3 min read

Sri Lanka's Gateway group plans Colombo Port City school with British partner

Colombo Port City showcased in London

April 29, 2022 1 min read

Proposed train fare hike in Sri Lanka temporarily blocked: transport minister

"The railway department had made some reforms to the prices of special and intercity train ticket," he said.

Chanka Jayasinghe
March 25, 2022 1 min read

Transport providers in Sri Lanka struggle to find fuel amid shortage

“The crisis has scared a few customers and they would pump petrol even if the tanks were full," he said.

Dulya de Silva and Neshella Perera
February 27, 2022 4 min read

Address fuel shortage to prevent collapse of public transport: Sri Lanka private bus owners

"Who bears the loss?  At this time, I don’t think we can put that burden on the commuting public,” he said.

February 26, 2022 3 min read

Sri Lanka to build four Hungary-financed flyovers

The projects will be funded by the Hungarian Exim Bank’s concessionary finance facility.

Mahadiya Hamza
January 19, 2022 1 min read

Sri Lanka railway strike results in Rs 25 million loss due to free rides; TUs warns of more strikes

“We will wait until changes are made, but if things don't turn around we will have to take union action again.”

Dulya de Silva and Neshella Perera
January 3, 2022 2 min read

Sri Lanka opens Japan-funded 'Golden Gate Kalyani' bridge

The total cost for the project is 55,000 million rupees, according to the president’s media division (PMD).

Chanka Jayasinghe
November 25, 2021 2 min read

Stax gets investment from Blue Point Capital partners

Its clients included global private equity (PE) firms, global and local corporates

November 25, 2021 2 min read

Sri Lanka radio, tv spectrum auctions for new stations: Finance Minister

Financial viability and security aspects will be used for pre-qualification

November 17, 2021 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 371.7757 371.7599
UK Pound 442.7119 438.8584
Euro 387.1945 385.3880
Aus Dollar 253.0234 251.0798
Yen 2.6686 2.6603
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pts %
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Turnover Rs million 1,626,658,918 1,576,314,848
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3-m bill 31.03 31.03
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5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
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Source: Central Bank/Indicative

East or West, women-headed startups face obstacles in a man’s world

“Women get more questions about how they manage risk,” entrepreneur Elly Oldenburg

Kshama Ranawana
November 14, 2021 6 min read

Sri Lanka to set up tuk tuk regulator despite bus regulation debacle

Only 47 percent of the over one million registered threewheelers in Sri Lanka are used for hiring

November 12, 2021 2 min read

Sri Lanka resumes public transport; health officials concerned over lax attitude re: COVID-19

"All buses must strictly adhere to the health guidelines," Amunugama said.

Chanka Jayasinghe
November 1, 2021 2 min read

Sri Lanka manufacturing, some services recover in Sept 2021: PMI

Retail and leisure still hit amid lockdowns

October 18, 2021 2 min read

Sri Lanka food, cooking gas prices up after controls removed amid money printing

Fuel price hike expected

October 11, 2021 5 min read

Sri Lanka milk importers cry over dollars

If we are unable to get the money, we have no choice but to divert the stocks to another country

October 1, 2021 2 min read

Sri Lanka hires by India's HCL Technologies top 1,000 in first year

HCL Technologies said it had hired new graduates and also "seasoned industry professionals".

September 26, 2021 2 min read

Agility, being customer-centric key to post-pandemic success, Sri Lanka marketers say

Customer behavior expected to shift

September 4, 2021 4 min read

Sri Lanka online firewood sale on fire as price controls create LPG shortage

People are buying this plus clay stoves as a backup or ‘just in case' fears

August 17, 2021 2 min read

Sri Lanka PCR tests as low as Rs5000 in competition

Price controls have already disrupted gas and milk supply

August 11, 2021 2 min read