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Saturday June 3rd, 2023
Business

Sri Lanka forex shortages crippling businesses, IMF deal urged by Chambers

This will affect in maintaining the credibility of doing business with our suppliers and business

December 22, 2021 4 min read

Sri Lanka school teachers threaten trade union action again

“The education ministry has not implemented the cabinet decision,” said Stalin.

December 22, 2021 2 min read

Sri Lanka inks US$251mn tea for oil debt deal with Iran

The scheme not to violate US sanctions

December 21, 2021 3 min read

Sri Lanka to extend electricity bill grace period for battered tourism sector

The cabinet had previously granted this concession to tourist accommodation providers until February 28, 2021.

December 21, 2021 1 min read
Sri Lanka to probe alcohol producers running their own retail outlets

Commissioner General of Excise for a report about alcohol producers running their own retail outlets

Coca Cola Sri Lanka returns to re-usable glass bottles in currency crisis

There is shrinkage in consumer spending and people are making choices

Sri Lanka’s John Keells Hotels reopens Cinnamon Hakuraa Huraa Maldives: report

Sri Lanka’s hotel chain Cinnamon Hotels & Resorts reopened Cinnamon Hakuraa Huraa Maldives, after refurbishments, ...

December 18, 2019 1 min read

IFC and Ceylon Biscuits Limited to back women retailers in Sri Lanka

The International Finance Corporation (IFC), said it has inked a partnership with Ceylon Biscuits Limited (CBL) Group to...

December 17, 2019 2 min read

Sri Lanka monthly manufacturing growth slows, services accelerate in Nov

Sri Lanka's manufacturing growth slowed in November on the apparel industry, while services growth accelerated during th...

December 17, 2019 2 min read

Sri Lanka's John Keells Holdings postpones Crescat refurbishment on Dec sales

Sri Lanka's John Keells Holdings (JKH) has decided to postpone the decision to refurbish the Crescat shopping mall due t...

December 17, 2019 2 min read

Singapore's Zilingo acquires Sri Lanka's nCinga for US$15.5mn

Zilingo, a Singapore-based fashion platform, has acquired Sri Lanka's nCinga Innovations for 15.5 million US dollars in ...

December 17, 2019 2 min read

State universities lack data science units: IPS

Only two state-owned Sri Lankan universities have set up units to train data scientists who are in high demand, the Inst...

December 17, 2019 2 min read

Sri Lanka coconut auction prices up 27-pct in a month

Sri Lanka raw coconut prices grew 4 percent to 39,823 rupees at a weekly auction of December 13, up from 38,275, extendi...

December 16, 2019 1 min read

US trains English teachers to prepare Sri Lanka students for global markets

The United States is training English teachers in Sri Lanka to help equip students with a range of language, leadership ...

December 16, 2019 1 min read

Sri Lanka state universities lack data science units: IPS

Only two state-owned Sri Lankan universities have set up units to train data scientists who are in high demand, the Inst...

December 16, 2019 2 min read

Lanka Tiles partners China firm to export tiles to the US amid trade war

Lanka Tiles Plc, a Sri Lankan ceramics firm, said it has entered into a joint venture with China's Foshan Shiwan Yulong ...

December 16, 2019 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 283.8763 290.6745
UK Pound 352.3039 358.1710
Euro 302.2424 309.9647
Aus Dollar 183.5776 188.4064
Yen 2.0303 188.4064
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5400 3.5935
Korea Won 0.2216 0.2248
Oman Rial 759.5857 770.5802
Saudi Riyal 77.9716 79.1149
UAE Dirham 79.6253 80.7822
Source: Central Bank/Indicative
pts %
S&P SL20 2,470.42 2.02 %
CSE All Share 8,668.40 1.59 %
Turnover Rs million 1,335,527,883 575,340,332
Source: CSE
Latest Last
3-m bill 24.64 24.60
6-m bill 24.24 24.36
12-m bill 22.37 22.36
5-yr bond 24.98 24.79
8-yr bond 23.82 23.16
Source: Central Bank/Indicative
today yesterday
Overnight Money 14.00 16.50
Gilt Repo 14.00 16.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka to bar foreigners from free state healthcare

Sri Lanka will ban foreign nationals in the country from getting free healthcare from the state hospitals, under a new g...

December 16, 2019 2 min read

Sri Lanka to widen negative list for foreign investments

Sri Lanka will expand a negative list for foreign investments in an unspecified set of industries, a government policy d...

December 16, 2019 1 min read

Sri Lanka's Harpo's to bake pizza across South Asia

Harpo's, the homegrown Sri Lankan pizza and pasta chain, will be expanding into South Asia with a franchise, founder and...

Tania Madies
December 15, 2019 2 min read

Sri Lanka tourist earnings down 10-pct in Nov 2019

Sri Lanka's tourism revenues were estimated to have been down 10.5 percent from a year earlier to 332 million US dollars...

December 14, 2019 1 min read

Sri Lanka to 'strictly control' land rights of coconut farmland owners

Sri Lanka is planning to 'strictly control' the right and freedoms of coconut farm owners to put their land to alternati...

December 14, 2019 2 min read
2

Sri Lanka trumps superbowl location among US Google searches in 2019

The most curious location in the world among internet users in the United States was Sri Lanka in 2019, according to Goo...

December 13, 2019 1 min read
1

Sri Lanka industrial activity grows in October on higher food, apparel production

Sri Lanka's industrial activity had expanded 1.1 percent in October 2019 from a year earlier, the state statistics offic...

December 13, 2019 1 min read

School-based system to replace Z score; new trilingual national schools on the cards

The Cabinet announced a decision today to introduce a new “school-based scientific method” to select students for go...

Imesh Ranasinghe
December 12, 2019 3 min read

Sri Lanka to cut wheat flour import duty to relax oligopoly as rice prices spike

Sri Lanka will cut import taxes to end a wheat milling and flour oligopoly and bring prices down, as rice prices spiked,...

December 12, 2019 2 min read

Sri Lanka facilitating first US$400mn investment at Port City: Cabraal

Sri Lanka is facilitating the maiden 400 million dollar investment at the newly reclaimed land at Port City in Colombo, ...

December 12, 2019 1 min read