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Monday November 9th, 2026
Business

Sri Lanka to introduce STEAM education to address shortcomings: official

Developing subjects such as nanotechnology, biotechnology, genetic technology should be opened to school children

April 6, 2023 2 min read

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

The appreciation of the rupee currency also has helped the price reduction

April 4, 2023 1 min read

Sri Lanka to launch remittance mobile app to boost inflows from expatriates

The app will be an incentive for expatriates who use formal banking channel

April 3, 2023 1 min read

Sri Lanka to hike tourist arrival target to 2.0mn for 2023

"The target for March 2023 was only 90,000, but we have exceeded that.

April 3, 2023 2 min read
Sri Lanka's Teejay Lanka expands to Egypt

New entity in Egypt to engage in manufacturing fabric, manufacturing services and trading activities,

Sri Lanka to make intervention soon to solve debt problems of industries: Minister

Many businesses and industries are now at the point of collapse

Sri Lanka's RIGID Tyre starts building factory

Rigid Tyre Corporation (Pvt) Ltd, a unit of Sri Lanka's Ceylon Steel Group, started construction of a $75 million (Rs11....

January 6, 2017 1 min read

Sri Lanka tea prices up sharply at first auction

ECONOMYNEXT – Prices of Sri Lankan teas grown on the western slopes of the central hills rose sharply at the year...

January 5, 2017 1 min read

Sri Lanka to set up science, technology and innovation coordinating authority

ECONOMYNEXT – Sri Lanka’s Cabinet of Ministers has approved the setting up of a science, technology and in...

January 4, 2017 1 min read

Sri Lanka approves new rules for tourist businesses

ECONOMYNEXT – Sri Lanka’s Cabinet of Ministers has approved new rules for tourist businesses as part of me...

January 4, 2017 1 min read

Sri Lanka gets 2.05 million tourists in 2016

Sri Lanka has welcomed 2.05 million tourists in 2016, up 14 percent from a year earlier, but lower than an expected 2.2 ...

January 3, 2017 1 min read

Sri Lanka starts building Volkswagen assembly plant

Sri Lanka's Prime Minister Ranil Wickremesinghe laid the foundation stone for a plant to assemble Volkswagen vehicles.

January 3, 2017 1 min read

India, Sri Lanka to intensify patrols to prevent poaching

ECONOMYNEXT – India and Sri Lanka agreed to intensify cooperation on patrolling to prevent poaching by Indian fis...

January 2, 2017 2 min read

Sri Lanka's Bank of Ceylon sells out of Mireka Capital Land

Sri Lanka's Overseas Realty (Ceylon) Plc, said it had bought a 40percent stake in a property unit from state-run Bank of...

December 31, 2016 1 min read

Sri Lanka's rice crop in 2017 Yala season could also be hit

With Sri Lanka's ongoing main Maha cultivation season already badly hit by drought, the Yala minor cultivation season co...

December 30, 2016 3 min read

Sri Lanka’s Hayleys plans 55-storey twin towers at Deans Road

ECONOMYNEXT – Hayleys said it plans a property development project at its head office premises in the Sri Lankan ...

December 27, 2016 1 min read
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Latest Last
US Dollar 331.7485 330.8514
UK Pound 443.7468 438.3450
Euro 372.5204 371.0168
Yen 2.0969 2.0916
Aus Dollar 233.0533 231.1659
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.4948 3.4202
Korean Won 0.2499 0.2479
Oman Rial 861.6397 859.3320
Saudi Riyal 88.4403 88.0955
UAE Dirham 90.3209 90.0766
Source: Central Bank/Indicative
pts %
S&P SL20 5,656.91 -0.43%
CSE All Share 19,927.30 -0.28%
Turnover Rs 1457.79 million 1193.67 million
Source: CSE
Latest Last
3-m bill 7.61 7.84
6-m bill 7.91 8.26
12-m bill 8.23 8.3
3-yr bond 9.24 9.25
5-yr bond 9.82 9.56
8-yr bond 10.50 10.48
Source: Central Bank/Indicative
today yesterday
Overnight Money 7.70 7.69
Gilt Repo 7.74 7.72
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Source: Central Bank/Indicative

Sri Lanka’s Fortress Resorts to build Rs2.1bn 5-star beach hotel

ECONOMYNEXT – The Fortress Resorts, a hotel that’s part of the group of businesses controlled by Sri Lanka...

December 27, 2016 1 min read

Libya regains taste for Sri Lankan tea

ECONOMYNEXT – Tea exports to Libya were up 21% in the 11 months to November this year from last year with Libyan ...

December 23, 2016 1 min read

Market for Sri Lanka tea seen buoyant in 2017

A global tea production shortfall and recovery in key export destinations should keep the market for Sri Lankan orthodox...

December 23, 2016 3 min read

Sri Lanka November tea crop up 8.4-pct

ECONOMYNEXT – Sri Lanka’s tea production rose 8.4% in November 2016 from a year ago, led by a recovery in ...

December 22, 2016 1 min read

China to build LNG power plant, oil refinery and dockyard in Hambantota

China plans to build a liquid natural gas fired power plant an oil refinery and a dockyard involving 4.0 billion US doll...

December 22, 2016 1 min read

Sri Lanka farmers given Rs7.0bn fertilizer handout for season

Sri Lanka paddy farmers are being given 7 billion rupees as a fertilizer subsidy during the current cultivation season, ...

December 21, 2016 1 min read

Sri Lanka rice crop to shrivel in record drought

Sri Lanka is heading for a sharp drop in rice production in the main cultivation season with only a third of the area so...

December 17, 2016 6 min read

Sri Lanka November tea exports slump 22-pct

ECONOMYNEXT – Sri Lanka’s tea exports in November 2016 fell 22% to 20.4 million kilos from a year ago, the...

December 16, 2016 1 min read

Sri Lanka plans global tea party to mark 150 years of planting

ECONOMYNEXT – Sri Lanka plans a ‘Global Ceylon Tea Party’, hosted by its diplomatic missions across ...

December 10, 2016 3 min read

No forced Sri Lanka plantations land restrictions: Navin

ECONOMYNEXT – Sri Lanka’s Minister of Plantation Industries Navin Dissanayake said the government will not...

December 8, 2016 1 min read