An Echelon Media Company
Wednesday June 29th, 2022
Ground

Sri Lanka PM reveals plan to prevent tuk-tuk fuel shortage

Three-wheel drivers have been significantly affected by the fuel shortage, price hike

June 3, 2022 2 min read
2

Sri Lanka Railway promises normal operations, union leader says no

.

May 5, 2022 2 min read
2

Sri Lanka raises bus fares 15-pct after rupee collapse

The minimum fare had gone up from 17 to 20 rupees

March 15, 2022 1 min read
2

Sri Lanka Ports Authority to waive penalties for delayed containers as dollar bites

"We can’t even be sure of the exact number of requested waivers as we have received many in a short period.’’

February 23, 2022 2 min read
2
Sri Lanka warned of 'kota uda' vehicles as forex crisis bites spare parts

If the transportation sector grinds to a halt, that would have a severe impact on exports and tourism

Sri Lanka Railways starts Mt Lavinia to Jaffna train with India support

Another Indian firm is upgrading railway tracks between on the Maho-Anuradhapura-Omanthai track.

Sri Lanka gets more railway coaches from India under US$82.6mn deal

RITES will also supply two AC diesel multiple units (DMU) to Sri Lanka Railways.

September 18, 2021 1 min read

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 ...

March 1, 2021 2 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 ...

December 15, 2020 1 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...

Chanka Jayasinghe
December 9, 2020 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...

November 10, 2020 1 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...

September 29, 2020 1 min read

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...

August 19, 2020 1 min read

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...

June 25, 2020 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...

June 18, 2020 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...

June 18, 2020 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 367.2255 367.4039
UK Pound 452.1949 452.7893
Euro 389.8785 389.4918
Aus Dollar 256.3767 256.4772
Yen 2.7277 2.7394
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.5882 4.6034
Korea Won 0.2797 0.2807
Oman Rial 934.7931 935.8320
Saudi Riyal 95.8864 95.9981
UAE Dirham 97.9826 98.0915
Source: Central Bank/Indicative
pts %
S&P SL20 2,336.44 -1.88%
CSE All Share 7,451.91 -1.87%
Turnover Rs million 815,332,807 1,423,365,059
Source: CSE
Latest Last
3-m bill 19.88 19.95
6-m bill 20.76 20.17
12-m bill 21.12 21.81
5-yr bond 19.79 19.87
8-yr bond 20.46 20.14
Source: Central Bank/Indicative
today yesterday
Overnight Money 14.50 14.50
Gilt Repo 14.50 14.50
I-m SLIBOR - -
Source: Central Bank/Indicative

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
June 11, 2020 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...

April 17, 2020 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...

February 20, 2020 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...

January 23, 2020 1 min read
2

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...

January 7, 2020 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...

December 25, 2019 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...

December 21, 2019 1 min read
1

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.

December 5, 2019 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...

November 18, 2019 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...

November 14, 2019 1 min read
1 2 3 13