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Saturday January 28th, 2023

Sri Lanka to promote electric vehicles with renewable power expansion

A study by the University of Moratuwa has found that 60 per cent of the air pollution was caused by vehicle emissions.

July 13, 2021 2 min read

Sri Lanka to pay Rs25,000 organic fertilizer subsidy to rice farmers

Up to 800,000 hectares of rice is expected to sown in the upcoming season

July 13, 2021 1 min read

Sri Lanka to offer digital nomad visa to boost tourism

Up to one year visa planned

July 13, 2021 2 min read

Sri Lanka railway department adds more trains as govt relaxes COVID-19 restrictions

Trips will continue to be increased in the future upon further discussion, an official said.

July 12, 2021 1 min read
Sri Lanka president orders plantations to grow food after soft-peg collapse

Sri Lanka's rice production has dropped by around 40 percent due to fertilizer ban.

Sri Lanka Prime Minister briefs FAO, UNDP on looming food shortage 

Sri Lanka is facing food shortage due to President Rajapaksa's fertilizer ban and dollar shortage

Sri Lanka looking to counter boothaya, tsunami water on paddy

Sri Lanka is looking to counter the problem where farmers cannot get a guaranteed price due to higher moisture content i...

July 30, 2019 2 min read

Sri Lanka Hayleys MGT profits sharply up in June quarter

Profits at Sri Lanka's Hayleys Plc, a fabric maker grew to 227 million rupees in the June 2019 quarter from 16 million r...

July 30, 2019 1 min read

Sri Lanka standards limiting eco-friendly cement production

Ceilings set on clinker substitutes such as slag by Sri Lanka Institute of Standards, is blocking eco-friendly producti...

July 30, 2019 2 min read

Proposed higher education bill will have adverse consequences - FUTA

Federation of University Teachers’ Association (FCTA) says that the Higher Education Bill on Quality Assurance and Acc...

July 30, 2019 2 min read

16,800 university graduates to be appointed training officers

A total of 16,800 unemployed university graduates will be recruited to the state sector as trainee training officers tod...

July 30, 2019 1 min read

Navin threatens to expose Sri Lanka Provincial Governor

Sri Lanka's Plantations Industries Minister Navin Dissanayake has threatened to expose a Provincial Governor who is pres...

Chanka Jayasinghe
July 28, 2019 1 min read

Over 217,000 Sri Lankans hospitalised since 2016 through 1990 Suwaseriya

Sri Lanka's state-owned 1990 Suwaseriya free ambulance service has helped 217,338 patients be hospitalised over the last...

July 27, 2019 1 min read

Sri Lanka's Teejay eyes sales to new apparel plants in Africa, South Asia

Sri Lanka's Teejay Lanka Plc, one of South Asia's largest fabric mills, is eyeing sales to new apparel factories being s...

July 26, 2019 2 min read

Re-nationalization will harm Sri Lanka films again: Industry pioneer

Sri Lanka's plan to re-nationalize film distribution in Sri Lanka signals a return to a failed era and will cripple the ...

July 26, 2019 3 min read

Teejay Sri Lanka to make lace with LFT of China

Sri Lanka's Teejay Lanka Plc, one of South Asia's largest fabric mills, is planning to diversify into lace production in...

July 25, 2019 1 min read
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Latest Last
US Dollar 371.7127 371.6601
UK Pound 453.5962 453.9794
Euro 396.3156 396.4763
Aus Dollar 250.1862 251.1981
Yen 2.8251 2.7549
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.3961 4.3963
Korea Won 0.2820 0.2791
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Source: Central Bank/Indicative
pts %
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Turnover Rs million 4,621,153,484 2,824,714,520
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Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka tea farms to get billion rupees a year for re-planting: Minister

Sri Lanka will give one billion rupees a year to tea farms from a levy charged on exports, to fund help fund old tea bus...

July 25, 2019 2 min read

Fly ash cement grabs over third of sales at Sri Lanka's Tokyo Cement

Tokyo Cement Plc said its blended hydraulic cement made with fly ash from Sri Lanka's coal power plants has made rapid m...

July 25, 2019 2 min read

John Keells Hotels losses widen after Sri Lanka Easter bombings

Net losses at John Keells Hotels Plc (KHL) rose 66 percent to 437 million rupees in the June quarter from a year earlier...

July 25, 2019 2 min read

Sri Lanka agribusiness firms say govt dithering threatens oil palm expansion

Sri Lanka’s regional plantations corporations say the government’s indecisiveness and ill-informed public ...

July 25, 2019 3 min read

Sri Lanka to give free on arrival tourist visa to 45 countries

Sri Lanka's cabinet has approved to grant free on-arrival visa for touristss, and have expanded the program from 39 coun...

July 24, 2019 2 min read

Sri Lanka tourism recovery gathers pace after bombings

ECONOMYNEXT – The recovery of Sri Lanka’s tourism business is picking up pace with a marked increase in ar...

July 24, 2019 2 min read

South Asian Travel Awards 2019 to go ahead in Sri Lanka

The South Asian Travel Awards 2019 (SATA) will be hosted in Sri Lanka's southern resort Galle this September, an officia...

July 24, 2019 2 min read

Global finance trade forum goes ahead in Sri Lanka as security improves

A global association of financial market professionals is going ahead with plans to hold their world congress in Sri Lan...

July 24, 2019 2 min read

Sri Lanka hotel occupancy picks-up, revenues weak amid aggressive price cuts

Sri Lanka's hotel revenues are weak but occupancy is starting to pick up with aggressive price cutting drawing internati...

Mahadiya Hamza
July 23, 2019 2 min read

Sri Lanka to cut tea marketing levy on exports

ECONOMYNEXT – Sri Lanka’s Cabinet of ministers has approved a proposal by the Plantation Industries Minist...

July 22, 2019 1 min read