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Thursday December 2nd, 2021
Business

Sri Lanka SEC urges real estate securities with rules in place

The Securities and Exchange Commission of Sri Lanka said rules are now in place for the issue of Real Estate Investment ...

5 min read

Sri Lanka expects 42,000MT maize crop in Yala season

Sri Lanka is expected to produce 42,000 metric tonnes of maize in the current Yala minor cultivation season up from 25,2...

5 min read

Sri Lanka's Vallibel Properties to build 16-storey office tower

Sri Lanka's Vallibel group will construct an 16-story office building in Colombo 03, at a cost of 8.1 million US dollars...

5 min read

Sri Lanka tea buyers led by Iraq, Turkey, Russia in 2020 first half

Sri Lanka produced 129.04 million tonnes of tea in the first half of 2020 down 18.76 percent from a year earlier, and ex...

5 min read

More than half of university Arts graduates are unemployed - COPA

A Parliamentary Committee is calling for urgent action to reform the Arts stream in the country’s universities as more...

All schools in western province to reopen next Monday: education minister

All schools in the western province will reopen for all grades next Monday (29), Education Minister Prof G L Peiris said...

Sri Lanka expects near record rice output in 2019

Sri Lanka is expected to produce 2.85 million tonnes of paddy (rough rice) in the current Maha major cultivation season,...

1 min read

Sri Lanka to give promotions incentive for inbound tour operators

Sri Lanka's tourism promotion agency is planning to give an advertising incentive for inbound tour operators to encourag...

1 min read

Tallest building outside Sri Lanka's capital planned

A 35-story residential and shopping tower complex in Ja-Ela north of Sri Lanka's capital Colombo has been given the go h...

1 min read

Sri Lanka sets guaranteed prices for paddy ahead of 2019 harvest

Sri Lanka's Finance Ministry had allocated 5.0 billion rupees to buy rice at guaranteed prices from farmers ahead of th...

1 min read

Cleveland Bridge UK wins Euro 37mn Sri Lanka deal

Cleveland Bride UK has won a 37.5 million Euro deal to build bridges in rural Sri Lanka, the government said.

1 min read

Sri Lanka to focus on three Indian states in tourism promotions

Sri Lanka's state tourism agency, the Sri Lanka Tourism Promotions Bureau, is hoping to target its future promotions in ...

1 min read

Sri Lanka fresh coconut auction price up 0.2-pct

Sri Lanka's fresh coconut prices picked up 0.2 percent to 30,022.55 for 1,000 nuts at the weekly auction held in Colombo...

1 min read

Sri Lanka starts whale watching fees, tourists discriminated

Sri Lanka has started regulating whale watching, extending a discriminatory fee structure to tourists which is already f...

2 min read

UK’s Flexicare to make medical devices in Sri Lanka

Flexicare (Group) Limited, a United Kingdom-headquarted manufacturer and supplier of medical devices, will set up a disp...

1 min read

Sri Lanka tourism campaign to go ahead with new promotions head

Sri Lanka's delayed three billion rupee, three year main tourism promotional campaign is expected to get off the ground ...

2 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 202.0474 202.0474
UK Pound 268.7331 269.2383
Euro 228.7177 228.3338
Aus Dollar 144.3831 144.4841
Yen 1.7815 1.7776
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6936 2.6920
Korea Won 0.1711 0.1702
Oman Rial 524.7916 524.7916
Saudi Riyal 53.8563 53.8592
UAE Dirham 55.0073 55.0073
Source: Central Bank/Indicative
pts %
S&P SL20 3,900.02 1.84%
CSE All Share 11,440.53 2.13%
Turnover Rs million. 2,191,558,044.10 10,054,526,815
Source: CSE
Latest Last
3-m bill 7.56 7.63
6-m bill 7.91 7.88
12-m bill 8.25 8.16
5-yr bond 10.56 10.58
8-yr bond 11.21 11.20
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.93 5.99
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka awaits nod for delayed tourism zones

Sri Lanka is keeping its hopes alive to create tourism zones in Dedduwa, Kuchchaveli and Kalpitiya, with final discussio...

1 min read

Japanese invest in US$3.9mn hotel in Sri Lanka’s Dambulla

ECONOMYNEXT – Japanese investors are to build a four-star hotel in Sri Lanka’s Dambulla area at a cost of ...

1 min read

Sri Lanka hikes maize taxes, no plans yet to expand import quota

Sri Lanka has no plans yet to expand an import quota for maize based on current reports of crop damage by an infestation...

2 min read

Sri Lanka's Alumex makes Rs 63mn loss in December quarter

ECONOMYNEXT – Alumex, the aluminium extrusions subsidiary of Sri Lanka's Hayleys group, said it lost 63.4 million...

1 min read

Sri Lanka's Rs. 6.5bn Cinnamon Red Kandy to open by end-2020

Cinnamon, the hotel chain of Sri Lanka's John Keells Group, will open a 6.5 billion rupee lean luxury hotel in Kandy as ...

2 min read

Sri Lanka maize forecast lowered 17-pct after Armyworm attack

Sri Lanka's forecasted maize harvest for the main Maha cultivation season has been lowered to 200,000 metric tonnes due ...

1 min read

Sri Lanka soft drink maker sees volumes plunge 23-pct

Sri Lanka's John Keells Holdings group, which makes Elephant House branded soft drinks said sales of soft drinks plunge ...

2 min read

Sri Lanka poultry groups warns of weakening demand, Fall Armyworm

Sri Lanka's Ceylon Grain Elevators Plc, a feed milling and poultry group warned that demand for meat was weakening amid ...

3 min read

Sri Lanka’s Dipped Products December profits double amid capital gain

Sri Lankan glove maker Dipped Products said net profit shot up 266 percent to 766 million rupees in the December 2018 qu...

1 min read

Sri Lanka apparel exports cross US$5bn with record US holiday season

ECONOMYNEXT- Sri Lanka's garment and textile exports in 2018 had grown 5 percent from a year earlier to 5 billion US dol...

2 min read