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Saturday September 30th, 2023

Sri Lanka's fuel and dollar shortage dents lucrative garment exports industry

Customers are sending questionaries to exporters on a daily basis inquiring about the country's situation.

June 10, 2022 4 min read

Sri Lanka business magnate Dhammika Perera leaves director boards; speculation rife

Perera's resignation comes amid mounting speculation that he is set to enter parliament via the SLPP national list.

June 10, 2022 1 min read

Sri Lanka Agriculture Minister allays fears over rice shortage 

Sri Lanka had been expecting its worst food crisis in August this year.

June 9, 2022 2 min read

Sri Lanka minister proposes train ticket price policy at half the bus fare

“There’s a loss of 300,000 rupees for just one trip,” he said.

June 8, 2022 2 min read
Sri Lanka expects influx of global twins

We expect upwards of 4000 participants to arrive in the country for the event

Sri Lanka state firms to import 79,900MT of chemical fertilizer

Sri Lanka's state fertilizer firms have ordered 79,000 metric tonnes of chemical fertilizer to be distributed to farmers...

February 23, 2020 2 min read

Sri Lanka cement capacity to outstrip demand in next few years

Sri Lanka's cement production and bagging capacity will outstrip demand in the near term with new plants coming in, unti...

February 23, 2020 2 min read

Completed Southern Highway opens tomorrow

President Gotabaya Rajapaksa will declare open the last two phases of the Southern Expressway tomorrow and the Road Deve...

February 22, 2020 1 min read

Sri Lanka firms see Coronavirus disruptions, more if epidemic continues: Chamber survey

Sri Lanka's Ceylon Chamber of Commerce (CCC) said about half of the respondents to a survey of member firms had reported...

February 21, 2020 2 min read

Sri Lanka's petrol, diesel prices lower if price formula was in place: Sajith

Sri Lanka's fuel prices would have fallen in February if a monthly fuel price formula was not abolished by the new admin...

Chanka Jayasinghe
February 21, 2020 2 min read

Sri Lanka's plantations lose Rs2.6bn in six months ahead of mandated wage

Sri Lanka's publicly traded plantations companies, growing commercial crops such as tea, which have been asked by the g...

Tania Madies
February 21, 2020 6 min read

Sri Lanka to revive China's CNTIC backed Ruwanpura expressway

Sri Lanka's Ministry of Highways had been given the nod by the cabinet of ministers to seek a proposal from China Nation...

February 21, 2020 1 min read

Sri Lanka discharges fully recovered Chinese Coronavirus patient

Sri Lanka will discharge a tourist from China who was treated for the novel Coronavirus on February 19, after making a f...

Nisali de Silva
February 19, 2020 2 min read

Sri Lanka Coconut auction prices down 15-pct over two weeks

Sri Lanka's raw coconut prices fell for the second week in a row, tumbling 15 percent to 42,977 for a thousand nuts in t...

February 19, 2020 1 min read

Proposed Zoo in Piliyandala: Cabinet paper to be presented soon

A Cabinet paper for a proposed Zoological Garden in Kahapola, Piliyandala will be presented to the cabinet in the coming...

February 18, 2020 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 330.2942 315.1016
UK Pound 429.0139 401.1871
Euro 372.1704 343.1959
Aus Dollar 227.2526 211.5951
Yen 2.3820 2.1908
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka vehicle registrations pick-up in Jan 2020

Sri Lanka's new automobile registrations picked up to 34,475 in January 2020, up from an unusually low 25,291 a month ea...

February 18, 2020 1 min read

Sri Lanka exporters buckle-up for Coronavirus hit on China supply chain

Export industries in Sri Lanka which depend on inputs from China are looking for alternative source markets as a Coronav...

Mahadiya Hamza
February 18, 2020 4 min read

Sri Lanka's Watawala Plantations profits down in Dec on flat revenue

Watawala Plantations Plc, Sri Lanka's largest palm oil producer, said the firm's net profits fell 17 percent to 174 mill...

February 17, 2020 3 min read

Paypal gap holds back Sri Lanka's online fashion aspirations

Sri Lanka's apparel firms that have built brands and would like to sell online are constrained by the lack of Paypal or ...

Mahadiya Hamza
February 17, 2020 3 min read

Coronavirus dampens Sri Lanka manufacturing and service activity in Jan

Sri Lanka's industrial and service sectors fell in January from December on the coronavirus outbreak in China, the centr...

February 17, 2020 2 min read

Sri Lanka's PickMe started surge pricing to bridge supply gap: official

Sri Lanka's PickMe, a ride-hailing company had introduced surge pricing to bridge a supply gap during peak times, an off...

Mahadiya Hamza
February 17, 2020 3 min read

The King Goes Hybrid — Range Rover P400E Autobiography

When the covers came off the very first Range Rover in June of 1970, the whole world sat up and took notice, because the...

Sajiv Weerakoon
February 15, 2020 7 min read

Sri Lanka's Lion Brewery profits fall in Dec

Lion Brewery Plc, Sri Lanka's largest beer manufacturer, said net profits for the December quarter fell 50 percent to 55...

February 13, 2020 2 min read

Sri Lanka looking into taxpayer top up for mandated estate wage hike: Minister

Sri Lanka's taxpayer support may be extended to supplement a state mandated wage hike to workers of plantations plantati...

February 13, 2020 2 min read

Sri Lanka apparel exporters eye regional supply chain management

Sri Lanka's apparel industry has the capacity to expand into offshore supply chain management for their customers and bu...

Mahadiya Hamza
February 13, 2020 2 min read