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Saturday November 27th, 2021
Business

Sri Lanka SOEs award contracts to buy 92,000MT of fertilizer

Sri Lanka's state-run Lanka Fertilizer Limited (Lak Pohora) and Colombo Commercial Fertilizer Limited has awarded contra...

2 min read

Sri Lanka tea prices mixed

Sri Lanka tea prices mixed but still holding on to recovery in the fourth week of July amid by good demand for Low Grown...

2 min read

Sri Lanka rough rice forecast for 2020 minor season up 11-pct

Sri Lanka's paddy (rough rice) harvest for the 2020 Yala minor cultivation season is expected to rise 11 percent to 1.72...

2 min read

Two hospitals to be developed for training of students for Moratuwa Medical Faculty

The Homagama Base Hospital and the Nagoda General Hospital are to be developed as National and Teaching hospitals in to ...

2 min read

Sri Lanka rubber plantations face devastation from Pestalotiopsis leaf disease

A leaf fall disease caused by Pestalotiopsis, a fungus has begun to ravage Sri Lanka's rubber plantations and could reac...

Sri Lanka seafarers exempted from pre-flight Coronavirus test

Seafarers who return to Sri Lanka have been exempted from a pre-flight Coronavirus test by health authorities, if they ...

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

Sri Lanka awaits armyworm damage report to relax maize imports

Sri Lanka may relax import quotas for maize, after assessing crop damage by an infestation of Fall Armyworm in the ongoi...

2 min read

Sri Lanka tea plantations, unions agree on pay deal

Sri Lanka's publicly traded tea farms and trade unions have agreed to a new pay deal involving a daily wage of 750 rupee...

2 min read

Sri Lanka SOE sells Zircon, mineral sands

State-run Lanka Mineral Sands will sell 40,000 metric tonnes of non-magnetic heavy mineral concentrate to Alchemy Heavy ...

1 min read

Political crisis seen delaying Iluka mining investment in Sri Lanka

ECONOMYNEXT - Australian mineral sands miner Iluka Resources Ltd. has said Sri Lanka’s recent political crisis co...

2 min read

Sri Lanka Maha paddy output projected at 2.5mn tonnes

Sri Lanka is expected to produce about 2.55 million tonnes of rough rice in the main Maha cultivation season that is now...

1 min read

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US Dollar 201.2131 200.9721
UK Pound 267.6235 268.1470
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Aus Dollar 143.8472 144.8205
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Sri Lanka monk promotes home-grown methods to kill Armyworms

Athureliya Rathana thero, a Sri Lanka Bhuddist monk who is a legislator said home grown methods should be used to kill o...

1 min read

Fall armyworm invades vegetable farms in Sri Lanka's Matale district: report

Vegetable farms in Matale district in central Sri Lanka are being invaded by the fall armyworm, a media report said afte...

1 min read

Sri Lanka maize output to fall as armyworm spreads

Sri Lanka's maize crop in the ongoing main (Maha) cultivation season has been hit by a outbreak of armyworm with over 2,...

2 min read

Sri Lanka's HNJ Towers to build U$14mn apartment

HNJ Towers (Pvt) Ltd, has been given the go ahead to build a 14.82 million US dollar apartment tower in Sri Lanka's capi...

1 min read

Sri Lanka's Hayleys Fabric profits surge in December quarter

Profits at Sri Lanka's Hayleys Fabrics Plc surged to 107.6 million rupees in the December 2018 quarter, compared to a 10...

1 min read

Sri Lanka tourism earnings grow 11.6-pct to US$4.4bn: revised data

Sri Lanka earned 4.4 billion US dollars from tourism in 2018, up 11.6 percent from 3.9 billion US dollars a year earlier...

2 min read

Sri Lanka’s Talawakelle Tea December quarter profit up 16-pct

Sri Lanka’s Talawakelle Tea Estates said net profit rose 16 percent to 178 million rupees in the December 2018 qu...

1 min read

Sri Lanka Tea Smallholder Factories Dec net up 47-pct

ECONOMYNEXT – Sri Lanka’s Tea Smallholder Factories said net profit rose 47 percent to 13.7 million rupees...

1 min read

All Sri Lanka's Hunas Falls stockholders get offer from Japan-backed Serenity Lake Leisure

Serenity Lake Leisure (Private) Limited which gained control of Sri Lanka's Hunas Falls Hotel Plc on January 14 made an ...

1 min read

Sri Lanka tourism promotion grounded over board delay

ECONOMYNEXT- A planned three billion rupee destination promotion campaign has run aground with the government yet to app...

2 min read