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Saturday January 28th, 2023
Business

Sri Lanka eyes Saudi investments for energy, real estate, Port City - Foreign Minister 

Sri Lanka's relationship with Saudi was hit by forced cremation under former president Gotabaya Rajapaksa

January 24, 2023 2 min read

Sri Lanka tea output falls to 26-year low on interventionist state

Smallholders earned around 250 rupees a kilo for green leaf

January 24, 2023 1 min read

Sri Lanka High and Medium Grown tea prices fall in Jan third-week auction

This week 5.1 million kilograms were offered at the auction made up of 2.2 million kilograms of Low Growns.

January 22, 2023 3 min read

Sri Lanka's 2022 tea exports drop to 25-year low on fertilizer shortage

However, the top agriculture export commodity fetched the highest rupee revenue in history

January 20, 2023 1 min read
Sri Lanka tourism sector sees strong prospects from India in 2023

Russian tourists have topped arrivals in the winter season but Indian tourists were on top in the full year 2022

Sri Lanka white water rafting stranded by Broadlands dam

Rafting operator's jobs threatened

Sri Lanka to import hatching eggs after parent flock collapses in 'supreme idiocy'

The Ministry of Agriculture says the parent bird flock and dropped to 40,000

January 11, 2023 2 min read

Sri Lanka approves South Korean funded community tourism project in Trincomalee

South Korea has agreed to provide financial assistance of 2.172 billion South Korean won

January 11, 2023 1 min read

Sri Lanka yet to plan for Chinese tourist influx after relaxed COVID-19 measures

China has opened its borders after three years

Mahadiya Hamza
January 10, 2023 2 min read

Sri Lanka to call investors for oil refinery at Hambantota

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January 10, 2023 1 min read

Sri Lanka businesses see tax hike pressure, lower sales - analysts 

Businesses in Sri Lanka are preparing for a tax shock from this month

Melkishiya Andrew
January 9, 2023 3 min read

Sri Lanka's High and Low grown teas gain in first-week auction

“The 1st sale of the year got off to a good start with prices for almost all types of teas appreciating in value."

January 8, 2023 1 min read

Sri Lanka's state-run LP gas firm reduces prices on easing global price

Sri Lanka saw long queues for cooking gas last year

January 5, 2023 1 min read

Sri Lanka scraps 'semi-luxury' buses on Colombo-Kataragama run

"From today onwards there will be no such buses in the Kataragama – Colombo route via Galle road."

January 5, 2023 1 min read
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Sri Lanka to allow tourists to pay in dollars in National Parks

Sri Lanka has decided to allow tourist visiting national parks to pay in dollars.

Neshella Perera
January 4, 2023 1 min read

Sri Lanka looks to boost 'long weekend' domestic tourism

In 2023 there are 7 'long weekends' where Friday or Monday is a holiday.

Neshella Perera
January 4, 2023 2 min read
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Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
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
Oman Rial 943.2237 943.2268
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.8729 98.8786
Source: Central Bank/Indicative
pts %
S&P SL20 2,653.84 -1.51%
CSE All Share 8,420.26 -1.04%
Turnover Rs million 4,621,153,484 2,824,714,520
Source: CSE
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

Crisis-hit Sri Lanka launches coolant system in fishing boats to minimize losses

Sri Lanka's post harvest losses in fishing has been over 20%.

January 3, 2023 1 min read

Sri Lanka to stop school admissions done under pressure

Many schools admit students under various pressure - minister

January 3, 2023 1 min read

Sri Lanka hikes excise duty on alcohol by 20-pct

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January 3, 2023 1 min read

Sri Lanka to start seafood quality and quarantine process to enable China exports

“Specially for products such as sea cucumbers there is big demand…In India and China..”

January 3, 2023 1 min read

Sri Lanka king coconut output to crash 40-pct from white fly disease

Standard coconut palms less affected

January 3, 2023 2 min read

Sri Lanka to import eggs after price controls decimate layer, parent bird populations

If necessary, we will look at the quantity and import to give eggs

January 3, 2023 2 min read

Sri Lanka power regulator on collision course with cabinet

Their target is to earn 100 billion rupees from all citizens that uses less than 120 units in 2023

January 2, 2023 2 min read

Bangladesh start-ups see progress

Bangladesh's startups grew nearly tenfold in the 2020/2021 period

Kshama Ranawana
January 1, 2023 3 min read

Sri Lanka high mid grown teas ease, low growns gain

Ceylon tea prices gained steeply in 2022, after the rupee fell.

January 1, 2023 3 min read

Sri Lanka's Kanrich Finance directed to settle liabilities by Feb 2023

Action was taken due to capital deficiencies in the company

Neshella Perera
December 30, 2022 1 min read