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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...

December 9, 2020 3 min read
Sri Lanka to price regulate trishaw, school, office transport after currency crisis

The NTC powers will be expanded from buses to other forms of transport

Sri Lanka's Pick Me powers JumJum mobike app in Nepal

The app called JumJum (Let’s Go) will initially launch in Kathmandu

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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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
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Turnover Rs 2975.05 million 1193.67 million
Source: CSE
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3-m bill 7.61 7.84
6-m bill 7.91 8.26
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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
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Source: Central Bank/Indicative

IFC invests US$2.5mn in Sri Lanka's PickMe

International Finance Corporation said it is making a 2.5 million US dollar venture capital investment in PickMe, a Sri ...

June 5, 2018 2 min read

Sri Lanka vehicle registrations up 21-pct in April

Sri Lanka's vehicles registrations grew 21 percent from a year earlier to 40,428 units in April 2018, driven by small ca...

June 1, 2018 1 min read

Sri Lanka railways loses Rs7.5bn in 2017, exceeds revenues

Sri Lanka Railways, a heavily unionised state-run agency had lost 7.6 billion rupees in 2017, which is more than the tot...

May 21, 2018 2 min read

Sri Lanka bus fares up 6.5-pct after step fuel hike, operators demand more

Sri Lanka's cabinet of ministers had approved a fare hike of about 6.56 percent, with no change in the 10 rupee lowest f...

May 16, 2018 1 min read

Sri Lanka needs cheaper, faster solutions to traffic jams: central bank

Sri Lanka should explore cheaper and faster options to tackling traffic jams leading to lost productivity, like a Bus Ra...

May 8, 2018 2 min read

Sri Lanka car registrations up in March, Wagon-R leads

Sri Lanka's vehicle purchases rose 6.5 percent in March 2018 from a year earlier, with car registration up 107 percent t...

April 17, 2018 2 min read

Sri Lanka February vehicle registrations up 26-pct

Sri Lanka's vehicles registrations rose 26.6 percent from a year earlier to 37,354 in February 2018, with motor cars up ...

March 29, 2018 2 min read

Sri Lanka John Keells unit gets land in logistics zone

ECONOMYNEXT – John Keells Logistics (Pvt.) Ltd., part of Sri Lanka’s John Keells Holdings group, will get ...

March 9, 2018 1 min read

Sri Lanka seeks investors for traffic management system

ECONOMYNEXT – Sri Lanka’s government is working with Korea’s aid agency to select investors for an ...

March 6, 2018 1 min read

Small cars zoom ahead of tuk-tuks after Sri Lanka budget

ECONOMYNEXT - Finance Minister Mangala Samaraweera's move to slash duty has encouraged the import of smaller cars which ...

March 2, 2018 1 min read
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