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Tuesday September 28th, 2021
Business

Sri Lanka import controls, Covid-19 cargo logjam hit apparel exporters

Sri Lanka's apparel exporters are facing difficulties in obtaining essential items for manufacturing due to import contr...

6 min read

Standard Chartered Sri Lanka finances MAS group to make Covid-19 face masks for US

Standard Chartered Sri Lanka said it had provided an 11 million US dollar credit from a concessionary Covid-19 facility ...

6 min read

Sri Lanka tea prices ease lower, low growns drive May average to all time high

Sri Lanka's tea prices continued ease lower across grades and elevations in the first auction in June, but May national ...

6 min read

Sri Lanka plans price controls on sand after load ceilings drive up prices

Sri Lanka is planning price controls for construction sand after weight ceilings slammed on trucks drove up prices, the ...

6 min read

Sri Lanka should start fund to bring back stranded workers: legislator

Sri Lanka should start a fund to bring back stranded foreign workers, as some are reportedly being forced into prostitut...

Sri Lanka state-run trading firm to buy paddy at Rs50-Rs44 a kilo

Sri Lanka's state-run Paddy Marketing Board will buy rough rice harvested in the current Maha cultivation season at pric...

Sri Lanka, UNDP to improve tourism sustainability standards

ECONOMYNEXT- Sri Lanka's state tourism office will be launching a sustainable tourism certificate scheme for the industr...

2 min read

Sri Lanka plantations say unions resorting to death threats to back pay hike demand

ECONOMYNEXT – Sri Lanka’s regional plantations companies (RPCs) said they were withdrawing from direct tal...

2 min read

Sri Lanka President delivers financial blow to hotels

Sri Lanka's President Maithripala Sirisena has decreed that private hotels should not be used for state functions amid s...

2 min read

Sri Lanka tourist arrivals up 16.8-pct in Nov with Barmy Army, Indians

Tourist arrivals to Sri Lanka in November 2018 grew 16.8 percent from a year earlier to 195,582 despite an ongoing polit...

2 min read

Sri Lankan plantations reject demand to double daily wage despite costly strike

ECONOMYNEXT – Sri Lanka’s plantations industry said they would not give in to demands by labour unions to ...

5 min read

Political crisis risks derailing Sri Lanka tourism campaign

Sri Lanka's political crisis should be resolved as soon as possible to enable the launch of a global promotional campaig...

2 min read

Sri Lanka tea exports fall 8-pct in October

ECONOMYNEXT - Sri Lanka’s exports of black tea, its main agricultural product, fell eight percent to 23.3 million...

1 min read

Sri Lanka says to halve agri taxes, 5-yr tax holiday to small firms

ECONOMYNEXT – Sri Lanka’s finance ministry said the government will give a five-year tax exemption to agri...

2 min read

Sri Lanka's Hatton Plantations makes Rs79mn loss in Sept quarter

ECONOMYNEXT - Sri Lanka's Hatton Plantations, which operates the tea business spun off from Watawala Plantations, report...

2 min read

Sri Lanka's 2018 rice harvest rebounds 82-pct to 4.2mn tonnes

Sri Lanka's rice harvest in 2018 minor agricultural season (Yala) is estimated to have grown 55 percent to 1.413 million...

1 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 200.0335 200.0000
UK Pound 274.0359 273.3300
Euro 233.8592 234.3800
Aus Dollar 145.6500 145.6500
Yen 1.8006 1.8077
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7096 2.7093
Korea Won 0.1693 0.1701
Oman Rial 519.5743 519.4873
Saudi Riyal 53.3280 53.3205
UAE Dirham 54.4583 54.4492
Source: Central Bank/Indicative
pts %
S&P SL20 3,416.12 2.04%
CSE All Share 9,269.65 3.69%
Turnover Rs million. 2,191,558,044.10 6,774,922
Source: CSE
Latest Last
3-m bill 6.03 5.91
6-m bill 6.06 5.95
12-m bill 6.15 6.02
5-yr bond 9.09 8.90
8-yr bond 9.50 9.26
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

Flagging Victoria's Secret announces new lingerie CEO

US lingerie giant Victoria's Secret announced Monday that it had appointed fashion executive John Mehas as new lingerie ...

3 min read

Sri Lanka poultry firm profits up with demand recovery

Sri Lanka's Three Acre Farms Plc, a poultry said profits for the September quarter doubled from a year earlier to 213.9 ...

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 tea prices to end down in 2018: Central Bank

Average prices at auctions in Sri Lanka's capital will end down 2018, continuing a trend seen so far in the year, the Ce...

2 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 Watawala Plantations Sept quarter net down 12-pct

ECONOMYNEXT – Sri Lanka’s Watawala Plantations, which has spun off its tea business, said net profit fell ...

2 min read

Sri Lanka’s agriculture production improves, paddy rebounds

ECONOMYNEXT - Sri Lanka’s agriculture sector saw double-digit growth in the first half of 2018 from a year ago, w...

2 min read

Sri Lanka tourist arrivals up 0.5-pct in Oct

Tourist arrivals to Sri Lanka in October 2018 grew 0.5 percent from a year ago to 153,123 led by Indian visitors, the to...

1 min read

Sri Lankan govt intervenes in estate worker pay hike deadlock

ECONOMYNEXT - Sri Lanka's newly appointed Cabinet has asked the finance ministry to find a solution to estate worker dem...

1 min read

New hotel proposals almost double in Sri Lanka

ECONOMYNEXT - Sri Lanka’s growing tourism industry has attracted a lot of investments during the first eight mont...

1 min read