An Echelon Media Company
Sunday March 26th, 2023

Sri Lanka's Ceylon Tea exports up 15-pct in July 2021, Iraq top buyer

Up to August, exports were up 7.7 percent to 187.5 million kilograms but were down 4.42 percent from 2019.

September 20, 2021 1 min read

Sri Lanka's Ceylon tea output down 1.2-pct in July 2021

In the first seven months of 2021, tea output was up 19.6 percent to 187.8 million kilograms.

September 18, 2021 1 min read

UK to remove Sri lanka, seven other countries from COVID-19 'red list' Sep 22

Sri Lanka’s economy was facing a loss of more than 260 million rupees each day when it remained on the UK’s ‘red l...

September 18, 2021 3 min read

Sri Lanka to reopen 5,000 schools, but teachers on strike refuse to budge

Teachers will not resume work until long-standing salary anomalies in their service are not resolved, said Stalin.

September 17, 2021 3 min read
Sri Lanka private bus owners expect to operate at 90 pct as schools reopen

"We plan to commence bus services 100 percent islandwide. If not 100 percent, at least 90 percent should be doable."

Sri Lanka tea sold at historic high prices in July 2022

July prices surpassed the previous record in April 2022 of 1,333.61 (USD 4.14).

Warehousing profits help Sri Lanka’s Asia Siyaka offset brokerage decline

Improved use of its warehousing, which was doubled in recent years, has helped Sri Lanka’s Asia Siyaka Commodities off...

September 6, 2019 2 min read

Tariffs push some US firms to exit China for Sri Lanka, Bangladesh

As fresh US tariffs on Chinese imports kick in, Illinois-based phone accessories manufacturer Ben Buttolph has been urge...

September 5, 2019 4 min read

Sri Lanka’s Harry Jayawardena calls for milk imports curbs

Sri Lanka should restrict imports of milk powder and dairy products as the island was cable of meeting most of its needs...

September 5, 2019 2 min read

Sri Lanka's tourist fall slows in August, Indian arrivals surge

Sri Lanka's tourist arrivals were down 28 percent from a year earlier to 143,587, but had recovered from a 46 percent fa...

September 5, 2019 1 min read

Sri Lanka Mahaweli Coconut forecasts lower crop after drought

Mahaweli Coconut Plantations Limited said its crop rose sharply last year after good rains with yields far higher than t...

September 5, 2019 2 min read

Sri Lanka hosts Ashara Mubaraka for 21,000 Dawoodi Bohras

Sri Lanka's is hosting an annual gathering of the global Dawoodi Bohra community, which was started with a ceremony at a...

September 5, 2019 2 min read

Sri Lanka to tighten controls on private higher education

Sri Lanka is drawing up laws to tighten controls on private higher education, the state information office said.

September 4, 2019 1 min read

Sri Lanka to call investors for convention hotel, hospital on China reclaimed land

Sri Lanka is to call proposals for investors to build a hotel, convention centre, hospital and international school in ...

September 4, 2019 1 min read

Land prices in Sri Lanka’s Colombo district up 13.6-pct in 2019 first half

Land prices in Sri Lanka’s Colombo district, where the capital is, rose over 13 percent in the first half of 2019 from...

September 3, 2019 1 min read

Easter Sunday attacks leave Sri Lanka east coast peak tourism season in tatters

Hotels on Sri Lanka's east coast which has its peak tourism season from May through September was hit even worse from th...

Mahadiya Hamza
September 3, 2019 3 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 328.6083 334.9328
UK Pound 404.2407 411.1914
Euro 358.1529 359.7836
Aus Dollar 221.9914 225.8025
Yen 2.5191 2.5583
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.8504 4.0593
Korea Won 0.2471 0.2566
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Source: Central Bank/Indicative
pts %
S&P SL20 2,722.94 -1.64%
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Turnover Rs million 3,437,599,160 1,512,188,680
Source: CSE
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3-m bill 26.95 28.13
6-m bill 26.26 27.13
12-m bill 25.26 26.11
5-yr bond 26.01 25.82
8-yr bond 24.73 24.73
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
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Source: Central Bank/Indicative

Teejay Lanka to up revenues to US$300mn with productivity driven capacity boost

Teeja Lanka Plc, a apparel maker which has operations in Sri Lanka and India is planning to grow revenues 50 percent in ...

September 2, 2019 3 min read

Sri Lanka's Colombo bursting with tourists in August: minister

Sri Lanka's capital Colombo is fully booked with a convention involving a Bora religious dignitary and arrivals may top ...

August 31, 2019 2 min read

Sri Lanka to fund technology upgrades of rural dairy, agriculture and fisheries

Sri Lanka is unveiling a program to upgrade, rural agriculture, and diary and fisheries, which will boost their capacity...

August 30, 2019 1 min read

Sri Lanka’s Hirdaramani apparel exporter in circular economy push, cuts waste

Sri Lanka’s Hirdaramani Group has teamed up with the Ellen MacArthur Foundation’s ‘Make Fashion Circular’ initia...

August 29, 2019 2 min read

Sri Lanka asks tourists to apply for free visa online before travelling

Sri Lanka has asked tourists from 48 countries to eligible for a visa without payment, to apply for apply online get it ...

August 28, 2019 2 min read

Surbana Jurong, SMEC get Sri Lanka urban development deal

August 28, 2019 1 min read

Ruhuna campus ragging; victims gathering evidence against perpetrators

Darsha Udayanga the university student who stormed Media earlier this month with his tales of graphic sexual torture he ...

Imesh Ranasinghe
August 28, 2019 3 min read

Sri Lanka to lose only 10-pct arrivals to Easter blasts with rapid recovery

Sri Lanka is expecting a 10 percent fall in tourists to 2.1 million in 2019, sharply lower than the 30 percent loss init...

August 28, 2019 2 min read

Fake news scares, vested interests delaying Sri Lanka govt decision making: Harsha

Sri Lanka’s government decision making gets delayed as it has to grapple with vested interests and public agitati...

August 27, 2019 3 min read

Sri Lankans taking more drugs after price controls, sales rocket: Rajitha

Sales of better quality drugs are soaring after price controls...... Health Minister Rajitha Senaratne said

Chanka Jayasinghe
August 27, 2019 2 min read