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Monday November 9th, 2026
Business

Sri Lankan fuel, containers truckers reduce fares after diesel price cut

"We hope to reduce it by 8-10 percent and will be applied from tomorrow."

March 31, 2023 2 min read

Sri Lanka’s Standard Chartered Bank ‘AAA(lka)’ rating confirmed: Fitch

This expectation is driven by SCBSL's status as a branch of SCB

March 30, 2023 3 min read

Fitch confirms Citibank Sri Lanka unit at ‘AAA(lka)’

Fitch Ratings said it has confirmed Citibank N.A. Colombo Branch’s (CitiSL) National Long-Term Rating at ‘AAA(lka)�...

March 30, 2023 3 min read

Sri Lanka tuk tuk, bus fares to be cut on lower fuel prices

"The minimum rate will be cut to 30 rupees from tonight,” Lasantha Alagiyawana said.

March 29, 2023 1 min read
Ceylon chamber ready to work with new government on economic stability

"The Ceylon Chamber stands ready to collaborate with the new administration to foster economic stability, inclusive grow

UK removes Arugam Bay threats from Sri Lanka travel advice, Israel slashes warning

Afghani man named Farhad Shakeri, recruited by Iran had found n accomplice, according to the report

Sri Lanka plantations minister fights to retain control over tea fund

ECONOMYNEXT – Sri Lanka’s Minister of Plantation Industries Navin Dissanayake said he was fighting with th...

December 8, 2016 2 min read

Reclaimed land blocks at Sri Lanka's Port City to be ready by early 2019

The first blocks of land reclaimed from the sea in a Chinese backed project near Sri Lanka's Colombo port will be availa...

December 7, 2016 1 min read

Sri Lanka tourist arrivals up 16-pct in November

Sri Lanka's tourist arrivals rose 16 percent from a year earlier to 167,217 in November 2016, with India, China and West...

December 6, 2016 1 min read

Sri Lanka hotels hike rates despite lower occupancy: consultancy

Sri Lanka's hotels had pushed up room rates most among Asian nations so far in 2016 despite days with occupancy above 80...

December 6, 2016 2 min read

Sri Lanka, Maldives priority markets for hotel expansion: JKH

ECONOMYNEXT – John Keells Holdings sees its home base Sri Lanka and the Maldives as priority markets for hotel ex...

Rohan Gunasekera
December 1, 2016 2 min read

Sri Lanka's Kelsey Homes launches high end gated community

Sri Lanka's Kelsey Homes, a property developer said it is launching an up market gate community project in Negombo, whic...

November 30, 2016 1 min read

Sri Lanka to upgrade water supply, roads in proposed ‘Megapolis’

ECONOMYNEXT – Sri Lanka’s government has approved several projects to ensure adequate supplies of drinking...

November 30, 2016 2 min read

Carlson Rezidor firms up two Radisson hotels in Sri Lanka, plans more

US-based Carlson Rezidor Hotel Group has firmed up deals to manage two hotels in Sri Lanka, reaching nearly 400 rooms an...

November 30, 2016 1 min read

Sri Lanka tourism destination marketing seen inadequate

ECONOMYNEXT – Sri Lanka’s tourism industry needs to market the destination more aggressively given slowing...

November 29, 2016 3 min read

Sri Lanka and Singapore's Surbana to start city planning JV

Sri Lanka and Singapore's Surbana will set up a joint venture city planning firm that will offer its services to the cou...

November 28, 2016 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
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
I-m SLIBOR - -
Source: Central Bank/Indicative

Thailand's ONYX eying Shama serviced apartments in Sri Lanka

Thailand-base Onyx Hospitality, which has three properties is looking to establish is Shama branded serviced apartment i...

November 28, 2016 1 min read

Sri Lanka’s MTD Walkers real estate, marine business grows fast

Sri Lankan construction group MTD Walkers made a net profit of Rs162 million in the September 2016 quarter from a loss o...

November 25, 2016 2 min read

Sri Lanka to do islandwide survey to find gem deposits

ECONOMYNEXT – The Sri Lankan Cabinet of Ministers has approved a project for a survey to find and assess gem depo...

November 23, 2016 1 min read

Sri Lanka gets Korean vocational training support to meet skilled labour demand

ECONOMYNEXT – South Korea’s Eximbank is supporting the setting up of two vocational training institutes in...

November 22, 2016 2 min read

Norway to link small producer in north Sri Lanka to export markets

Norway is starting a project to link 2,000 families, with a third of them headed by females, in war-torn Northern Sri La...

November 22, 2016 1 min read

Sri Lanka condo developers say budget prevents “catastrophic” oversupply situation

ECONOMYNEXT – Sri Lankan condominium developers have welcomed proposals in the government 2017 budget relaxing re...

November 22, 2016 2 min read

E-procurement seen reducing corruption, costs in Sri Lanka

ECONOMYNEXT – Shifting to an electronic procurement system could yield big efficiency gains for both the governme...

Rohan Gunasekera
November 17, 2016 4 min read

Sri Lanka October tea output down for ninth straight month

Nov 17 (Reuters) - Sri Lanka's tea output fell for a ninth consecutive month in October, due to severe drought, poor app...

November 17, 2016 1 min read

Sri Lanka gets Japanese aid for dry zone water supply project

ECONOMYNEXT - The Japan International Cooperation Agency (JICA) has signed a loan agreement with the government of Sri L...

November 17, 2016 2 min read

Sri Lanka’s CIC Holdings Sept net profit down 36-pct

ECONOMYNEXT – Sri Lanka’s CIC Holdings said September 2016 quarter net profit fell 36% to Rs164 million fr...

November 16, 2016 2 min read