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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...

August 19, 2019 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...

August 17, 2019 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...

August 13, 2019 1 min read

Sri Lanka's JKH helps preserve 1878 railway station in Colombo

Sri Lanka's largest conglomerate John Keells Holdings (JKH) has renewed its commitment to maintain the historic Slave Is...

August 8, 2019 2 min read
Sri Lanka railways in losses despite fare hike

In 2021 Sri Lanka Railways lost Rs10.3bn rupees

Sri Lanka plans to sell tickets in US dollars to tourists: Minister

Hotels charge in US dollars, I do not see why we cannot

Sri Lanka’s Advantis sees good prospects in project logistics business

ECONOMYNEXT - Advantis Projects, a Sri Lankan project cargo handler that is part of the Hayleys group, says it sees good...

June 12, 2017 2 min read

Sri Lanka gets $318mn Indian loan to modernise railways

ECONOMYNEXT – Sri Lanka’s finance ministry Tuesday signed an agreement with India’s Export- Import ...

June 6, 2017 1 min read

Sri Lanka JKH group to set up centralised distribution center

ECONOMYNEXT – Sri Lanka’s John Keells Holdings group is setting up a centralised distribution center to se...

June 2, 2017 2 min read

Sri Lanka’s Colonial Motors gets Piaggio deal for Vespa scooters

ECONOMYNEXT - Colonial Motors (Ceylon) Ltd. has been appointed the authorised importer and distributor for the Italian b...

May 23, 2017 1 min read

Sri Lanka Railways losses down to Rs6.8bn in 2016

ECONOMYNEXT – Sri Lanka’s state-run railway reduced operating losses to 6.8 billion rupees in 2016 from a ...

May 23, 2017 2 min read

Sri Lanka Transport Board cuts loss to Rs1.1bn in 2016

ECONOMYNEXT – Losses at the state-owned Sri Lanka Transport Board (SLTB) reduced in 2016 to Rs. 1.1 billion from ...

May 9, 2017 2 min read

Sri Lanka gets Japanese help for bridge maintenance

ECONOMYNEXT – Japan has started a program to help Sri Lanka’s Road Development Authority (RDA) do proper m...

April 7, 2017 2 min read

Sri Lankan joint venture wins Rs2.5bn central expressway consultancy

ECONOMYNEXT – A consortium of Sri Lankan firms has been awarded a Rs2.5 billion consultancy contract to supervise...

April 5, 2017 2 min read

Sri Lanka bus lane experiment showing results: officials

An experimental bus priority lane on a congested road leading to Sri Lanka's capital Colombo, has valuable insights and ...

March 15, 2017 3 min read

Sri Lanka’s planned parking high-rises will be costly

ECONOMYNEXT – Sri Lanka plans to build high rise parking structures to cater to growing private vehicle use under...

March 9, 2017 1 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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Source: Central Bank/Indicative
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Turnover Rs 2975.05 million 1193.67 million
Source: CSE
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6-m bill 7.91 8.26
12-m bill 8.23 8.3
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8-yr bond 10.50 10.48
Source: Central Bank/Indicative
today yesterday
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Source: Central Bank/Indicative

Sri Lanka to test bus priority traffic system

ECONOMYNEXT – Sri Lanka will test a bus priority system in a suburb of the capital Colombo on the most congested ...

March 8, 2017 3 min read

Sri Lanka to test automated traffic management system

ECONOMYNEXT – Sri Lanka will soon test an automated traffic offence management system using closed circuit televi...

March 6, 2017 1 min read

Sri Lanka Megapolis light rail feasiblity starts, EOIs by year-end

A feasibility study on building a Light Rail Transit (LRT) system in the Sri Lankan capital Colombo starts today with ex...

February 28, 2017 3 min read

Sri Lanka to set up expressway company

ECONOMYNEXT – The Sri Lankan government is set up a Special Infrastructure Company (SIFCO) that will own existing...

February 23, 2017 1 min read

India's Mahindra launches prime movers, buses in Sri Lanka

India's Mahindra and Mahindra Ltd has launched a large trucks, buses, earthmoving equipment, and power generators, in Sr...

February 10, 2017 1 min read

Sri Lanka to expand regulatory Raj; three wheeler regulator next

Sri Lanka is getting ready to set up yet another regulatory agency at taxpayer expense, this time to regulate three whee...

January 18, 2017 2 min read

Sri Lanka vehicle registrations pick up in Nov 2016

Sri Lanka's vehicle registrations have picked up in November 2016 to 47,771 up from 43,807, across categories, though sh...

December 26, 2016 1 min read

Sri Lanka to introduce separate bus lanes to ease traffic jams

ECONOMYNEXT –Separate lanes for public buses will be introduced in the Sri Lankan capital Colombo next year among...

December 22, 2016 2 min read

Sri Lanka to borrow more from China for expressway

ECONOMYNEXT – The Sri Lankan government is to borrow more money from the Exim Bank of China to fund consultancy w...

December 21, 2016 1 min read

Korea Eximbank to develop traffic master plan for Sri Lanka’s Kandy city

ECONOMYNEXT – The Export-Import Bank of Korea (Korea Eximbank) will support Sri Lanka to develop a master plan to...

December 2, 2016 2 min read