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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

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

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

February 18, 2022 2 min read

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.

January 10, 2022 1 min read
Vietnam's Japan-backed metro line starts in HCMC

The $1.7bn line took 12 years to build

US agency reviewing Adani Sri Lanka terminal funding: report

The project has not reached financial close or signed a loan agreement

Sri Lanka’s Hayleys Advantis opens distribution hub

ECONOMYNEXT – Sri Lanka’s Hayleys group said its Hayleys Advantis logistics arm had commissioned its large...

December 19, 2018 2 min read

Sri Lanka’s planned light rail seen needing govt subsidies

A planned light rail transit system in Sri Lanka’s capital Colombo will need government subsidies, like elsewhere...

December 19, 2018 2 min read

Sri Lanka's PickMe mulls financial services

ECONOMYNEXT – Sri Lankan ride hailing service PickMe is considering going into financial services in the medium t...

December 18, 2018 2 min read

Sri Lanka logistics firms mull tie-ups with start-ups

ECONOMYNEXT – Sri Lankan logistics firms are adapting to changing customer behaviour and technology and could str...

December 14, 2018 1 min read

Sri Lankan private bonded warehouses allowed to clear LCL cargo

ECONOMYNEXT- Sri Lanka is allowing privately-held warehouses to clear goods imported in less than a container load of ca...

October 23, 2018 1 min read

Sri Lankan new car importers call for controls on competition

ECONOMYNEXT – Ceylon Motor Traders Association (CMTA) has urged Sri Lanka’s government to regulate vehicle...

October 4, 2018 5 min read

Sri Lanka's BOI says rail deal rejected on weak information and tax-holiday demands

ECONOMYNEXT - Sri Lanka's Board of Investments said it has rejected an investment proposal for a high-speed railway proj...

September 26, 2018 2 min read

Suzuki small cars dominate Sri Lanka August vehicle registrations

ECONOMYNEXT – Suzuki small cars continued to dominate new and pre-owned vehicle registrations in Sri Lanka in Aug...

September 25, 2018 1 min read

Sri Lanka inks US$82.6mn rail passenger coach deal with India

State-run Sri Lanka Railways has inked a 82.64 million US dollar deal to buy 160 passenger coaches from RITES Ltd, the I...

September 8, 2018 1 min read

Sri Lanka sees 180 train suicides in 2017

In 2017, 180 persons had been killed after throwing themselves at trains to commit suicide while another 4 persons passe...

September 7, 2018 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 332.3603 330.8514
UK Pound 440.9424 438.3450
Euro 368.4879 371.0168
Yen 2.0805 2.0916
Aus Dollar 227.4342 231.1659
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5474 3.4202
Korean Won 0.2492 0.2479
Oman Rial 863.2287 859.3320
Saudi Riyal 88.5586 88.0955
UAE Dirham 90.4874 90.0766
Source: Central Bank/Indicative
pts %
S&P SL20 6,365.57 +0.26%
CSE All Share 22,157.40 +0.56%
Turnover Rs 2975.05 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 car registration up in July, tax not yet hit

Sri Lanka's motor car registrations grew 137 percent to 7,193 units in July 2018 despite a hike in taxes, as there was a...

August 31, 2018 2 min read

Sri Lanka finance minister slams neo-feudal bar on youth entry to service sector

SrI Lanka's finance minister Mangala Samaraweera has slammed a shocking neo-feudal law barring unemployed youth from ent...

August 19, 2018 4 min read

Sri Lankan new car importers acknowledge need to cut imports

ECONOMYNEXT – An association representing Sri Lankan vehicle traders said it understood a government duty hike to...

August 3, 2018 3 min read

Japan helps build electric three-wheeler in Sri Lanka

ECONOMYNEXT – A Japanese- Sri Lankan partnership has built an electric three-wheeler in the island to help replac...

July 23, 2018 2 min read

Sri Lanka transport costs to rise with Euro 4 standard engines, fuel

Sri Lanka's transport sector costs will rise with the ban on the import of vehicles falling below Euro 4 standard and th...

July 23, 2018 2 min read

Traffic jams seen hitting Sri Lanka liveability, property sector

ECONOMYNEXT – Worsening traffic jams in Sri Lanka could reduce the attractiveness of living in its cities, potent...

July 16, 2018 2 min read

Japan’s MUFG to lend 100bn yen for Sri Lanka central expressway

ECONOMYNEXT – Mitsubishi UFJ Financial Group Inc (MUFG), Japan’s biggest bank, is to lend Sri Lanka 100 bi...

July 4, 2018 1 min read

Standard Chartered loan for Sri Lanka purchase of US railway engines

ECONOMYNEXT – Standard Chartered Bank will provide a loan supported by Export Development Canada, Canada's export...

June 13, 2018 1 min read

Sri Lanka state-bus service cut losses after Rs6.5bn VRS

Sri Lanka Transport Board, an overstaffed state bus service had recorded an operational profit in 2017, after excess wor...

June 12, 2018 2 min read

Sri Lanka road buses lose more passengers after fare hike: operator association

Sri Lanka's state regulated buses are losing more passengers to other modes of transport after a 12.5 percent fare hike ...

June 11, 2018 3 min read
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