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Sunday July 25th, 2021
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Sri Lanka rupee plunges as car registrations collapse under import controls

Sri Lanka rupee has fallen from 186 to around 194 to the US dollar in January 2021 as new car imports and registrations ...

3 min read

Sri Lanka to drop provincial prefixes from vehicle number plates

Sri Lanka will drop provincial pre-fixes from vehicle numbers to end the hassle of changing plates when a person from a ...

3 min read

China delayed loan to Sri Lanka expressway for 4.5 years: ex-highways minister

China delayed a loan for an expressway to Kandy for 4.5 years though the building contract was awarded to a Chinese cont...

3 min read

Sri Lanka lifts government fees on long-distance buses during Covid-19 crisis

ri Lanka will lift a series of fees charged from inter-provincial private bus operators from March to December 2020 to r...

3 min read

Sri Lanka cabinet cancels Japan funded light rail project

Sri Lanka's cabinet of ministers had approved the cancellation of a light rail project funded by Japan to ease traffic c...

Sri Lanka vehicle registrations down in July

Sri Lanka's vehicle registrations fell to 28,572 in July down from 32,123 with motorcycle registration at 22,419 from 25...

Sri Lanka plans US$4bn PPP for LRT in place of Japan funded soft-loan project

Sri Lanka plans to request proposals to fund a 2.2 billion US dollar light rail transit project after cancelling a Japan...

3 min read

Sri Lanka approves billion dollar tower block by China in Colombo Port City

Sri Lanka has approved a billion US dollar mixed development tower block project in Colombo Port City, where the sea ha...

1 min read

Sri Lanka halts Japan funded Colombo light rail project

Sri Lanka has halted a Japan funded light rail project for the capital Colombo as it was too costly and brought low retu...

2 min read

Sri Lanka bus operators look for loan bailout as Coronavirus curbs hit revenues

Sri Lanka is looking at mortgaging route licenses of private buses to raise cash with operators saying revenues had halv...

Chanka Jayasinghe

4 min read

Sri Lanka biz chamber proposes way to cut public transport risks as economy opens after Covid-19

Sri Lanka's Ceylon Chamber of Commerce had given proposal on how to reduce risks in public transport after Coronavirus cont...

3 min read

Sri Lanka airport's US$500mn expansion deal won by Japan's Taisei

Sri Lanka's cabinet of ministers had cleared the award of a contract valued at over 500 million US dollar expand Sri Lan...

1 min read

Govt delaying warehouse project that could stabilise vegetable prices: Harsha

The construction of a 600 million rupee climate-controlled warehouse in Dambulla which would contribute to stabilizing v...

1 min read

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Sri Lanka's transport regulator to expand into restaurants

Sri Lanka's National Transport Commission, which issues route licenses to buses, will set up and regulate network of roa...

2 min read

Sri Lanka vehicle registrations hits 6-year low amid elections, peg collapse

Sri Lanka's vehicle registrations fell to 24,472 units in November 2019, the lowest since the June 2013 amid a collapsed...

2 min read

Sri Lanka to end 'semi-luxury' bus fleecing scam

Sri Lanka will end a so-called 'semi-luxury' bus service which is fleecing passengers without giving extra facilities to...

1 min read

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Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 199.9000 199.9019
UK Pound 273.9929 273.5957
Euro 235.8120 235.9142
Aus Dollar 147.0165 146.9979
Yen 1.8150 1.8253
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6842 2.6681
Korea Won 0.1736 0.1740
Oman Rial 519.2343 519.2392
Saudi Riyal 53.2910 53.2972
UAE Dirham 54.4220 54.4232
Source: Central Bank/Indicative
pts %
S&P SL20 3,095.09 0.43%
CSE All Share 8,068.33 0.57%
Turnover Rs million. 4,885,333,805.80 3,078,656,097.55
Source: CSE
Latest Last
3-m bill 5.13 5.11
6-m bill 5.16 5.15
12-m bill 5.21 5.20
5-yr bond 7.34 7.33
8-yr bond 7.88 7.86
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.00 5.00
Gilt Repo 5.00 5.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka scraps licences for transport of sand, clay and gravel

Sri Lanka has removed the requirement of a permit for transporting sand, clay and gravel, the cabinet office said.

1 min read

Sri Lankans warned against buying mis-declared Audi A5s

The Ceylon Motor Traders Association, representing Sri Lankan agents of international automotive manufactures, has warne...

2 min read

Sri Lanka gets US150mn from ADB for rural roads

Sri Lanka has is getting 150 million US dollars from the Asian Development Bank as part of an overall program to upgrade...

1 min read

U.S. says MCC grant needs Sri Lanka public support

Sri Lanka's parliament must approve a proposed grant of 480 million dollars by the United States government's Millennium...

1 min read

Sri Lanka to call bids for luxury train coaches on four routes

Sri Lanka's state-run railways had been cleared to call competitive bids to operate luxury train coaches on four routes ...

1 min read

Sri Lanka lifts floor barrier for bonded warehouses

Sri Lanka's finance minister Mangala Samaraweera proposed to lift the requirement for a minimum 50,000 square feet (abou...

1 min read

Sri Lanka vehicle registrations recover in July after Easter bombings

Vehicle registration in Sri Lanka has grown in July from a month earlier, as the country recovers after the Easter Sunda...

1 min read

Sri Lanka begins upgrading ageing railway with ADB credit

Sri Lanka is starting to upgrade its ageing railway network loan to win back passengers as congestion and delays hits ro...

2 min read

Sri Lanka begins building Light Rail system

Sri Lanka's first Light Rail Transit (LRT) system which runs a 16 kilometre stretch from the suburb Malabe to the commer...

2 min read

Sri Lanka gets first US$10.3mn train for upcountry line from China

Sri Lanka has imported a train from China for the upcountry line at the cost 10.3 million US dollar (1.83 billion rupees...

1 min read

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