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Saturday October 23rd, 2021

Sri Lanka eyes more exports to China, mulls re-activating FTA talks

Sri Lanka is eying more exports to China in the Covid-19 era by participating in an import fair in the country and also ...

3 min read

Sri Lanka parliament passes vote-on-account for Aug-Dec 2020

Sri Lanka's parliament passed a vote-on-account authorizing the spending of 949.7 billion rupees from August to December...

3 min read

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...

3 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...

3 min read

Sri Lanka Customs probing seized coconut oil bowsers amid aflatoxin scare

Sri Lanka customs has taken into their custody two bowsers which were said to contain coconut oil, an official said amid...

Sri Lanka opposition calls for forensic audit on midnight tax linked 'sugar scam'

Sri Lanka's main opposition has called for a forensic audit of an alleged 'sugar scam' carried out as taxes were suddenl...

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

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Latest Last
US Dollar 201.0455 200.5117
UK Pound 277.3121 277.2676
Euro 233.7456 233.8869
Aus Dollar 150.2614 151.2660
Yen 1.7625 1.7543
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6854 2.6801
Korea Won 0.1705 0.1707
Oman Rial 522.2097 520.8231
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UAE Dirham 54.7338 54.5885
Source: Central Bank/Indicative
pts %
S&P SL20 3,572.70 0.54%
CSE All Share 9,881.50 1.78%
Turnover Rs million. 2,191,558,044.10 4,268,523
Source: CSE
Latest Last
3-m bill 7.19 6.64
6-m bill 7.31 6.80
12-m bill 7.46 6.96
5-yr bond 10.52 9.48
8-yr bond 11.37 9.97
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 Lanka state firms to import 134,000 tonnes of fertilizer

Sri Lanka's state-run Ceylon Fertilizer Company Ltd, and Colombo Commercial Fertilizers Ltd, has awarded contracts to tw...

1 min read

Study finds Sri Lanka import tax exemption schemes prone to abuse

ECONOMYNEXT – Sri Lanka’s import tax exemption schemes are not transparent, subject to undue official disc...

3 min read

Sri Lanka car market crashes expecting duty cut in November

Sales of unregistered cars slowed to a crawl last week following strong indications from Prime Minister Ranil Wickremesi...

3 min read

Bangladesh woos Sri Lankan investors; new sectors opened, investor protection assured

ECONOMYNEXT – Bangladesh is hoping to attract Sri Lankan investments by opening up new sectors and providing fast...

3 min read

Sri Lanka's Anuradhapura was Indian Ocean Singapore, deep study of history ahead: PM

Sri Lanka's Anuradhapura city was at the centre of Indian Ocean trade, when there was no Singapore or Dubai Prime Minist...

8 min read

Duty reduction for cars if Sri Lanka's trade balance improves

The government is considering duty reductions for small hybrid cars as well as mid-size sedans after the country’...

4 min read

More curbs on cars as Central Bank battles trade gap

The government is expected to further tighten vehicle imports after sharply raising customs duty on small hybrid cars th...

4 min read

Ceylon Chamber chief debunks Sri Lanka’s China phobia

ECONOMYNEXT – China’s Belt and Road Initiative (BRI) trade and infrastructure initiative and investments i...

3 min read

Sri Lanka to cut costs to trade with information portal

Sri Lanka launched a trade information website Friday bringing together up-to-date information on regulations and proced...

4 min read

Sri Lanka exports up 9.8-pct, tourism grows 6.2-pct in May

Sri Lanka's merchandise exports rose 9.8 percent from a year earlier to 841 million dollars in May and tourism grew 6.2 ...

2 min read