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Monday November 9th, 2026
Business

Sri Lanka canteens to cut milk tea price after rupee appreciation

From next week the maximum price of a cup of milk tea will be 90 rupees

March 29, 2023 3 min read

Sri Lanka Telecom on rating upgrade track on planned stake sale: Fitch

"Fitch will resolve the RWP when the proposed disposal becomes practically unconditional"

March 28, 2023 7 min read

Sri Lanka links up with Korea for rural development

The MoU will be signed between Ministry of Public Administration, Department of External Resources and the foundation

March 28, 2023 1 min read

Sri Lanka February Ceylon tea production up 3.04-pct

The national average tea price in February was 3.97 dollars or 1,438.20 rupees.

March 26, 2023 2 min read
EXPLAINER – Possible policy implications on Sri Lanka’s construction sector after polls

Dissaayake's NPP has promised to follow transparent procurement process in construction projects

US embassy in Sri Lanka lifts travel restriction on Arugam Bay

"Trust your gut, if a situation doesn’t feel right, get out of it."

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
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

Sri Lanka's Lion Beer re-starts factory

The factory of Sri Lanka's Lion Beer, which was repaired after flood damage, has started operating and production is bei...

November 16, 2016 1 min read

Sri Lanka Ceylon Steel to get 100 acres for tyre factory

Sri Lanka's Urban Development Authority will acquire 100 acres of private land in Gonapola Horana, for a tyre factory, p...

November 16, 2016 1 min read

Sri Lanka manufacturing sector PMI decelerates in October

ECONOMYNEXT – Sri Lanka's purchasing managers index (PMI) for manufacturing expanded at a slower pace in October ...

November 15, 2016 2 min read

Sri Lanka's Sanken starts 50-story apartment towers

Sri Lanka's Sanken Construction group has started work on a 50-story twin apartment towers that will have 470 units, the...

November 15, 2016 1 min read

Sri Lanka invites private investors to build industrial zones

Sri Lanka has invited private investors to build industrial zone in areas bordering expressways promising state land.

November 15, 2016 1 min read

Sri Lanka budget seen boosting construction sector

ECONOMYNEXT – Several big road and housing projects and regulatory measures announced in Sri Lanka’s gover...

November 11, 2016 1 min read

Sri Lanka plantation firms to be limited to 5,000 acres: Finance Minister

ECONOMYNEXT – Sri Lanka’s government will restrict landholdings of Regional Plantations Companies (RPCs) t...

November 10, 2016 1 min read

Sri Lanka paddy millers to get interest subsidy: Finance Minister

ECONOMYNEXT – Sri Lanka’s government will introduce an interest rate subsidy for paddy millers and take ac...

November 10, 2016 1 min read

Sri Lanka blocks cinnamon imports

ECONOMYNEXT – Sri Lanka has banned the import and re-export of cinnamon to protect its own product after finding ...

November 10, 2016 1 min read

Four Sri Lanka expressway contracts draw only single bids

ECONOMYNEXT – Only one consortia of bidders submitted proposals for each of four civil work contract packages to ...

November 9, 2016 2 min read