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Saturday October 23rd, 2021
Business

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 to allow more foriegn universities to enter the country - President

Sri Lanka is amending its University Act to permit more foreign universities to set up shop on the island, President Got...

3 min read

Sri Lanka coconut auction prices ease lower for third week

Sri Lanka’s average coconut prices fell 0.31 percent to 48,118 rupees for a 1000 nuts at last auction on June 11, from...

3 min read

Addresses of 42,000 airmailed parcels to Sri Lanka lost at sea in Coronavirus crisis: Minister

Over 42,000 parcels airmailed to Sri Lanka from China and neigbhouring countries sent by sea container as airports were ...

3 min read

Sri Lanka's Bairaha Farms boosted by JV profits in Dec 2020

Sri Lanka's Bairaha Farms Plc, a poultry group has reported profits of 120 million rupees in the December 2020 quarter, ...

Sri Lanka's Global Rubber Industries adds agricultural tyre capacity

Sri Lanka's Global Rubber Industries said it is adding an agricultural tyre palnt that will take its capacity to 750,000...

Sri Lankan teas moved from estates to avoid strike impact

ECONOMYNEXT - Sri Lankan tea brokers have moved teas from estates to minimise the impact of a strike by unions with the ...

1 min read

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

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

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

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