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India delivers trains, engine to Sri Lanka under soft loan

ECONOMYNEXT – India has delivered the fourth of six Class S13 train sets to Sri Lanka along one Class M11 engine,...

July 23, 2019 1 min read

Hybrid electric vehicle standards needed, Sri Lanka transport expert says

Hybrid electric vehicles can help reduce emissions but minimum standards and adequate support infrastructure are needed ...

July 17, 2019 3 min read

Sri Lanka’s MAS Holdings, Hellmann Worldwide expand logistics joint venture

Sri Lankan apparel exporter MAS Holdings and Hellmann Worldwide Logistics are expanding their joint venture for logistic...

July 10, 2019 2 min read

Sri Lanka's United Motors eyes commercial, earth moving vehicles as car sales fall

ECONOMYNEXT - United Motors Lanka, agents in Sri Lanka for Mitsubishi automobiles, has said it diversifying into commerc...

July 8, 2019 3 min read
Sri Lanka railways seek forex from scrap metal amid currency crisis

We are collecting old rails and other metal scrap to sell

Sri Lanka to allow electric tuk tuks

To reduce fossil fuels

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
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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
Latest Last
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Oman Rial 863.2287 859.3320
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Source: Central Bank/Indicative
pts %
S&P SL20 6,365.57 +0.26%
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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

Lower duty, interest subsidy for Sri Lanka electric cars: Budget 2017

ECONOMYNEXT – Sri Lanka’s government will encourage use of electric cars by reducing excise duty and givin...

November 10, 2016 1 min read

Sri Lanka state bus, rail to be self-financing by 2018: Budget 2017

ECONOMYNEXT – Sri Lanka’s loss-making state-owned bus and railway services will be expected to be self-fin...

November 10, 2016 1 min read

India’s RITES gets Sri Lanka railway engine contract

ECONOMYNEXT – India’s RITES Ltd. has been given a contract to supply Sri Lanka’s railway with 10 di...

November 10, 2016 1 min read

Small car prices come down in Sri Lanka ahead of budget

ECONOMYNEXT - Car dealers were aggressively advertising discounted prices on small cars amid expectations that Thursday'...

November 8, 2016 1 min read

Sri Lanka approves multi modal transport hub for ‘Megapolis’

ECONOMYNEXT – Sri Lanka’s Cabinet of Ministers has approved a proposal to set up a multi-modal transport h...

November 3, 2016 1 min read

Ashok Leyland to supply new engine kits to Sri Lanka Transport Board

ECONOMYNEXT – Ashok Leyland has won a deal to supply new engine kits for the Sri Lanka Transport Board the majori...

October 19, 2016 1 min read

Over 60-pct of Sri Lanka's state trains late; long distance delays 80-pct

Over 61 percent of trains were late in 2015, with nearly 80 percent of long distance and intercity journeys were also be...

September 27, 2016 3 min read

Sri Lanka to control three wheelers despite rickety bus service

Sri Lanka is planning to issue licenses to three wheelers, introducing bureaucratic controls to a popular means of trans...

September 26, 2016 2 min read

ADB to fund design and study of rail, road and ports in Sri Lanka

Manila-based Asian Development Bank said it was providing $24 million of technical assistance to design and study of exp...

September 23, 2016 1 min read

Sri Lanka tax payers spend Rs204bn on rail over 5-years; Rs31bn in losses

Sri Lanka has spent Rs204 billion on a state-run rail system, and run losses of Rs30.4 billion, before accounting for an...

September 21, 2016 1 min read