An Echelon Media Company
Saturday June 3rd, 2023

Sri Lanka puts glyphosate back on banned list

Under new import control laws issued on Nov 30

December 1, 2021 1 min read

Sri Lanka looking to mix organic, inorganic fertilizer in hopes of higher yield: minister

"Chemical fertilizer, once imported and made available in the market, will be sold at a market price."

November 30, 2021 2 min read

Is Sri Lanka’s pandemic debt moratorium interest free? – fact checked

For the borrowers who did not pay the interest, a separate interest for that unsettled interest payment will be char...

November 30, 2021 4 min read

Sri Lanka to largely stick with current travel guidelines for tourists for now

A top official at Sri Lanka's foreign ministry said the current travel guidelines are unlikely to be changed.

November 29, 2021 3 min read
Sri Lanka banks on India to boost tourism this year after "bad press".

Sri Lanka tourism is yet to see large foreign visitors after political crisis ended.

Sri Lanka launches US dollar pre-paid fuel card to tourists

The card can be topped up in increments of 50 US dollars up to US$300

Sri Lanka's Melstacorp Sept quarter profits fall 58-pct

Profits at Sri Lanka's Melstacorp group fell 58 percent to 624 million rupees in the September 2019 quarter from a year ...

November 15, 2019 1 min read

Piramal Glass Sri Lanka unit back in profit in Sept quarter

The Sri Lankan unit of India's Piramal Glass returned to profits in the September 2019 quarter with net earnings of 74 m...

November 15, 2019 1 min read

Festive demand boosts Sri Lanka factory output, automation hits service jobs

Sri Lanka’s factory production increased in October propelled by food and beverage manufacturing to meet festive deman...

November 14, 2019 2 min read

Sri Lanka’s NDB Sept quarter net profit flat at Rs1.1bn

Profits at Sri Lanka’s National Development Bank (NDB) were almost flat at 1.1 billion rupees in the September 2019 qu...

November 14, 2019 2 min read

SLMA to presidential candidates: Help fight university ragging

The SLMA requested all presidential candidates today to condemn ragging in universities and take measures to curb the pr...

November 13, 2019 2 min read

Sri Lanka Presidential candidates charged premiums for advertising

Sri Lanka's radio, television and newspapers are charging premium rates of 150 to 300 percent of standard prices from ca...

Chanka Jayasinghe
November 13, 2019 2 min read

Sri Lanka recycling 30-pct of waste plastic, producing apparel, exports

Sri Lanka is re-cycling 30 percent of its waster plastic including waste washing up on its shores, into fabric and brush...

Mahadiya Hamza
November 12, 2019 2 min read

Moody’s Analytics Knowledge Services rebrands as Acuity Knowledge Partners

Moody’s Analytics Knowledge Services said it was re-branding as Acuity Knowledge Partners (“Acuity”) following the...

November 12, 2019 2 min read

Sri Lanka dairy farms hit by protectionist tax on quality feed

Sri Lanka's dairy farmers who try to grow high yield milch cows cannot be given proper feed due to protectionist taxes o...

November 9, 2019 2 min read

Spain's Barcelo invests US$30mn in Maldivian hotels of Sri Lanka's Browns Group

Spain's Barcelo Hotels Mediterraneo S. L., a subsidiary of the Barcelo Group, will invest 30 million US dollars in Maldi...

November 8, 2019 1 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's Expolanka in Rs830mn Sept quarter loss

Sri Lankan logistics group Expolanka Holdings lost 830 million rupees in the September 2019 quarter compared with a prof...

November 7, 2019 1 min read

Sri Lanka to launch tourism campaigns in 12 countries starting mid-December

The state-run Sri Lanka Tourism Promotions Bureau will begin launching tourism marketing campaigns totaling 1.2 billion ...

November 7, 2019 2 min read

Costa Cruises begins Indian Ocean fortnightly cruises to Sri Lanka

Italy-based Costa Cruises has kicked of the first of a series of fortnightly cruises to Western India, Maldives and Colo...

November 7, 2019 1 min read

Sri Lanka tourist arrivals fall 22.5-pct in Oct, growth in Russian market

Tourist arrivals to Sri Lanka fell 22.5 percent in October 2018 from a year earlier to 118,743 persons, as the country c...

November 7, 2019 2 min read

Sri Lanka's draft data protection and privacy laws should not hamper markets, innovation: IPS

Sri Lanka's draft privacy and data protection laws, while important, should not place unnecessary burdens on businesses ...

November 6, 2019 3 min read

Maldives resort chain to run new US$35mn 5-star hotel in Sri Lanka

A Maldivian resort chain is to manage a five-star hotel to be built in Sri Lanka's southern Tangalle region with an inve...

November 6, 2019 1 min read

IFC to fund training for higher female participation in Sri Lanka's retail supply chains

The International Finance Corporation (IFC), a part of the World Bank Group, said it will be funding a 478,149 US dolla...

November 5, 2019 1 min read

Sri Lanka's Serendib Hotels loss widens in Sept quarter

Losses at Sri Lanka’s Serendib Hotels group widened to 70 million rupees in the September 2019 quarter from a year ago...

November 5, 2019 2 min read

Sri Lanka's Kingsbury hotel revamps after bomb damage

Sri Lanka’s The Kingsbury hotel, damaged in the Easter Sunday bombings, said it is revamping restaurants which will be...

November 5, 2019 1 min read

Sri Lanka's Dipped Products Sept quarter net up 51-pct

Sri Lankan rubber gloves maker Dipped Products' net profit rose 51 percent to 231 million rupees in the September 2019 q...

November 5, 2019 2 min read