An Echelon Media Company
Tuesday September 28th, 2021

Sri Lanka export agency to help get US and EU approval for Covid-19 nanotech

Sri Lanka's Export Development Board said it getting ready to help get approval from US and EU medical regulators for C...

6 min read

Sri Lanka egg output, export opportunity hit by maize import ban, collector oligopoly

Sri Lanka's egg production has been hit with a maize import ban and a powerful collector oligopoly driving up maize pric...

6 min read

Sri Lanka hikes import tax on potatoes

Sri Lanka has hiked the tax on imported potatoes to 55 rupees a kilogram with effect from August for four months, a Fina...

6 min read

Sri Lanka to reactivate export development council of ministers

Sri Lanka's newly appointed trade minister Bandula Gunewardene had said he would revive an Export Development Council of...

6 min read

Sri Lanka rupee opens weaker at 199.50/200.00 against one week dollar

Sri Lanka’s rupee opened weaker at 199.50/200.00 to the one week US dollar on Tuesday while yields are up in dull mark...

Sri Lanka businesses proposes alternatives to banning poor consumers' "sachet packet"

Sri Lanka's Ceylon Chamber of Commerce has proposed expanding a producer led collection program to manage waste plastic ...

India, Sri Lanka urged to be more open; new trade deal expected in December

India and Sri Lanka are likely to sign a new trade deal by December and both countries should be more open in order to i...

3 min read

New laws for Sri Lanka ‘Port City’, but within constitution: Harsha

ECONOMYNEXT – A new financial centre to be built on a Chinese-funded ‘Port City’ reclamation project...

1 min read

Sri Lanka's pharma firms call for depreciation linked price controls

Sri Lanka's pharmaceutical firms, hit by rising costs from currency deprecation are calling for controlled prices to be ...

7 min read

Sri Lanka using FTAs in multi-party system is courageous: Aussie Expert

Using free trade agreements as the key tool of reform in a multi-party political system is a bold move, an Australian ex...

3 min read

Sri Lanka could gain from US-China trade war

Sri Lanka could get more manufacturing investment as economic tensions between the US and China grow, and companies try ...

2 min read

Sri Lanka migrant workers in Korea trained on entrepreneurship - Corrected

Sri Lanka's embassy in Seoul, and Colombo-based Hatton National Bank had trained migrant workers in several cities in So...

1 min read

Chinese companies flee overseas to avoid US tariffs

A growing number of Chinese companies are adopting a crafty way to evade US President Donald Trump's tariffs: remove the...

4 min read

Sri Lanka's Heladiv set up US unit to market tea

HVA Foods Plc, a Sri Lanka based company known for its Heladiv branded ready-to-drink tea, said it has opened a unit in ...

2 min read

Sri Lanka, Kenya build business ties, seek to exploit strategic locations

ECONOMYNEXT- Sri Lanka and Kenya can mutually benefit through closer business ties due to their strategic locations, a j...

2 min read

Sri Lanka would lose out if Singapore FTA is abandoned: Trade Expert

Sri Lanka would face reputational damage and outward flight of investments if it leaves the Singapore free trade agreeme...

4 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 200.0335 200.0000
UK Pound 274.0359 273.3300
Euro 233.8592 234.3800
Aus Dollar 145.6500 145.6500
Yen 1.8006 1.8077
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7096 2.7093
Korea Won 0.1693 0.1701
Oman Rial 519.5743 519.4873
Saudi Riyal 53.3280 53.3205
UAE Dirham 54.4583 54.4492
Source: Central Bank/Indicative
pts %
S&P SL20 3,416.12 2.04%
CSE All Share 9,269.65 3.69%
Turnover Rs million. 2,191,558,044.10 6,774,922
Source: CSE
Latest Last
3-m bill 6.03 5.91
6-m bill 6.06 5.95
12-m bill 6.15 6.02
5-yr bond 9.09 8.90
8-yr bond 9.50 9.26
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.11 5.11
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lankan, Chinese investors to meet at Beijing investment conclave

ECONOMYNEXT – A Sri Lanka investment conclave to be held in Beijing this month seeks to draw Chinese investors to...

2 min read

Ethanol smuggled to Sri Lanka as thinner, cologne: DCSL

Amid high import duties, ethanol the main ingredient for making arrack is being imported to Sri Lanka by politically con...

2 min read

US trade head, American firms in Sri Lanka hold closed-door talks

ECONOMYNEXT – A United States trade representative has held a closed door meeting with officials of American busi...

1 min read

Sri Lanka state workers could arbitrage Rs15bn in taxes from car 'permits'

Sri Lanka's state workers could arbitrage taxes of around 15 billion rupees by re-selling duty-slashed permits that have...

2 min read

Illegal tea imports rampant, top Sri Lankan exporter says

Sri Lanka’s tea industry is suffering because illegal imports of cheap tea is rampant, top tea exporter Dilmah Ce...

1 min read

Sri Lanka and Myanmar hope to boost trade with 1999 deal

ECONOMYNEXT - Sri Lanka and Myanmar have agreed to revive a two-decades-old trade agreement between the two countries wh...

1 min read

Sri Lanka’s June trade gap widens to US$795mn

ECONOMYNEXT – Sri Lanka’s trade gap widened sharply in June 2018 to US$795 million from $554 million a yea...

3 min read

Sri Lanka to review Singapore FTA annually

A Sri Lanka Free Trade Agreement with Singapore can be reviewed annually, and the government will set up an independent ...

3 min read

Sri Lanka Aluminium maker calls for quality controls

Sri Lankan aluminium industry which is already protected with import duty, should be further controlled with quality reg...

3 min read

Footwear, confectionery protected in Sri Lanka-S’pore free trade deal

ECONOMYNEXT – Sensitive domestic industries like footwear and confectionery remain protected in Sri Lanka’...

2 min read