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Sri Lanka LRT project to ease congestion, boost economy: Champika

A 2.2 billion US dollar light rail transit project for Colombo, will ease congestion and boost economic activity, Sri La...

July 4, 2019 1 min read

Chinese firm wins Sri Lanka rail container deal for solid waste

China’s state-owned power plant and railway equipment manufacturer Dongfang Electric International Corporation ha...

July 3, 2019 1 min read

Sri Lanka plans US$50mn cable car project in Nuwara Eliya

Sri Lanka's cabinet of ministers had given initial clearance for a cable car project in hill country town of Nuwara Eliy...

July 3, 2019 1 min read

Auto agents to draw up future mobility plan for Sri Lanka

ECONOMYNEXT - Ceylon Motor Traders Association, representing agents of global automakers, said they were planning to dra...

June 27, 2019 1 min read
Sri Lanka PM reveals plan to prevent tuk-tuk fuel shortage

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

Sri Lanka Railway promises normal operations, union leader says no

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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
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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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Source: Central Bank/Indicative
pts %
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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
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Source: Central Bank/Indicative

Sri Lanka see rise in train related suicides in 2015

In 2015, 161 persons had committed suicide by jumping in front of moving trains, up from 141, a year earlier, while repo...

September 21, 2016 1 min read

Sri Lanka vehicle registration see slight upturn in August

Sri Lanka's vehicle registrations rose to 41,798 units in August from 35,775 in July, with motorcycles picking up to 29,...

September 19, 2016 2 min read

Sri Lanka to ask four China firms to build Ratnapura Expressway

Sri Lanka is to negotiate with four construction firms nominated by China to build a 73.9 kilometre expressway to Ratnap...

August 28, 2016 1 min read

Sri Lanka says Japan agrees to finance LRT for Colombo

ECONOMYNEXT – Japan has agreed to provide concessional funding to build a Light Rail Transit (LRT) system in Sri ...

July 29, 2016 2 min read

Sri Lanka to buy more Indian trains with US$318mn loan

ECONOMYNEXT – India has approved a fresh loan of US$318 million to Sri Lanka’s railway department to upgra...

July 27, 2016 1 min read

Sri Lanka Colombo-Trinco economic corridor study by ADB

ECONOMYNEXT – The Asian Development Bank (ADB) is studying the possibility of creating an ‘economic corrido...

July 8, 2016 2 min read

India eyes US$618mn rail track, rolling stock deals in Sri Lanka

India is interested in building a rail track to the eastern port city of Trincomalee which may cost 300 million dollars ...

July 6, 2016 1 min read

Sri Lanka motor cycle registration rebound in May

Sri Lanka's motor cycle registrations rebounded in May while small cars also recovered following a tax hike, data showed...

July 5, 2016 1 min read

Japan to fund Sri Lanka Light Rail Transit feasibility

ECONOMYNEXT – Sri Lanka will go ahead with a Light Rail Transit (LRT) system for public transport in the proposed...

June 29, 2016 1 min read

Sri Lanka to revise bus fare pricing formula

Sri Lanka will revise a price formula under which bus fares are revised upward annually, following representation by ope...

June 29, 2016 1 min read