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Thursday April 18th, 2024
Business

After crisis, Sri Lanka president moots 'regional educational hub' idea to preserve forex

Sri Lanka can be a regional hub for education, let us make up our mind, President says.

December 2, 2022 2 min read

Tourists in Sri Lanka who sell pizza, cannabis, may be knifed: legislator

In our areas a knifing (pi-hi anu-muck), or some other threat to life (jeewitha tharjanayak) may happen

December 2, 2022 2 min read

Sri Lanka welcomes 59,000 tourists in November

The November number is the highest since April 2022.

December 2, 2022 2 min read

Indian yarn smuggled to Sri Lanka in currency crisis too expensive: Minister

Department of Textiles looking at import substitutes

December 1, 2022 2 min read
Sri Lanka online businesses to register on QR code system

The government is unable to acquire any revenue from “large-scale online businesses” operating in the country

Sri Lanka railway unions defy presidential decree, continue train strike despite death

“If this strike continues, more trains will have to be cancelled,” said Indipolage.

Sri Lanka to ban travellers from eight European nations from March 15 over Coronavirus

Sri Lanka will deny entry to travelers from France, Spain, Germany, Switzerland, Denmark, Netherlands, Sweden and Austri...

March 13, 2020 1 min read

All govt schools and Pirivenas closed till April 20- Education minister

All government schools and Pirivenas will close from tomorrow and reopen for the next term on April 20, Minister of Educ...

March 12, 2020 1 min read

Sri Lanka halts on-arrival visa for tourists

Sri Lanka is halting on-arrival visa for tourists until further notice, in a new Coronavirus control measures, the state...

March 11, 2020 1 min read

Sri Lanka to probe domestic maize collector racket

Sri Lanka's Consumer Affairs Authority has been instructed probe a racket to push up domestic maize prices just as the h...

March 11, 2020 2 min read

Coronavirus hits South Asia travel as Sri Lanka halts pilgrimages to India

Sri Lanka has halted religious pilgrimages to India as part of novel Coronavirus control measures the state information ...

March 11, 2020 2 min read

Sri Lanka to quarantine travelers from Italy, Korea, Iran from March 10: official

Sri Lanka will quarantine incoming passengers from Italy, Korea and Iran on flights arriving from 0400 am on March 10 (T...

March 9, 2020 1 min read

Colombo Fashion Week in eco-friendly drive, riding Sri Lanka's status as production hub

Sri Lanka has an opportunity to combine both design and manufacture of apparel to serve customers with eco-friendly prod...

Mahadiya Hamza
March 9, 2020 3 min read

UberEats in drive to give wheels to Sri Lanka women partners, boost safety

UberEats in Sri Lanka is working on arranging credit facilities for women drivers in their platform to get their own veh...

Tania Madies
March 7, 2020 3 min read

Sri Lanka expects apparel orders to recover; Coronavius hit on exports US$500mn in 2Q

Sri Lanka is expecting to lose 500 million US dollars of apparel exports from March to June 2020, as an outbreak of Cor...

Mahadiya Hamza
March 7, 2020 4 min read

BMW 530e — One for the drivers left amongst us

The BMW 5-Series is a hugely-important car in the Bavarian automaker's model architecture. The 3, 5, and 7 have been aro...

Sam D. Smith
March 7, 2020 5 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
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

SriLankan Airlines suspends flights to Jeddah, China amid Coronavirus

State-run SriLankan Airlines may suspend flights to China for a time amid a Coronavirus (COVID-19) outbreak, as passenge...

March 6, 2020 2 min read

Sri Lanka to set up state real estate holding company for Hilton, Hyatt, GOH

Sri Lanka will set up a holding company owned by the Treasury, Bank of Ceylon and Sri Lanka Insurance Corporation to con...

March 5, 2020 1 min read
1

Sri Lanka halts cruise tourism on Coronavirus, to quarantine high risk arrivals

Sri Lanka's has halted cruise tourism as the Coronavirus spread to Europe and the US and the Indian Ocean island will al...

March 5, 2020 2 min read
1

Sri Lanka social media blackouts, protectionism hurt young female entrepreneurs: IPS

Social media blackouts and protectionism hurt women-led micro, small and medium-sized enterprises (MSMEs) which rely on ...

March 5, 2020 3 min read

Sri Lanka tourist arrivals slide with Coronavirus, Chinese arrivals plunge 92-pct in Feb

Sri Lanka's tourist arrivals have fallen 17.7 percent from a year ago to 207,507 in February 2020, hit by the novel Coro...

March 4, 2020 1 min read

Sri Lanka President in push to ensure fertilizer supplies for Yala

Sri Lanka's President Gotabaya Rajapaksa has met officials to ensure supplies of fertilizer with for the Yala cultivatio...

March 4, 2020 2 min read

Sri Lanka to host UN Asia-Pacific tourism crisis management confab

Sri Lanka will host a conference of Asia Pacific tourism ministers, state and industry officials in June 2020 focussing ...

March 3, 2020 1 min read

Nestlé Sri Lanka unit Dec profits fall on lower sales

The Sri Lankan unit of food and beverage multinational Nestlé said profits for the December quarter fell 17.2 percent t...

March 3, 2020 1 min read

Sri Lanka coconut prices edge up at auction

Sri Lanka's average coconut prices edged up 1.2 percent to 45,455 rupees for a 1000 nuts from 44,882 rupees a week earli...

March 3, 2020 1 min read

Sri Lanka apparel exporters see orders slashed as Coronavirus spread to markets in Europe

Apparel exporters in Sri Lanka, already battered by disruptions of raw materials from China which may trigger factory cl...

Mahadiya Hamza
March 3, 2020 3 min read