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Sri Lanka road investments slow to yield economic expansion: Central Bank

ECONOMYNEXT – Despite big investments in building roads with the aim of improving connectivity in Sri Lanka, the ...

April 29, 2019 2 min read

Sri Lanka car imports recover in March but below last year’s level

ECONOMYNEXT – Sri Lankan car registrations recovered in March 2019 to 2,961 units, up from 2,347 units in Februar...

April 29, 2019 1 min read

Sri Lanka restricts parcels on buses, trains after suicide bombings

ECONOMYNEXT – Sri Lanka’s public transport authorities said they will impose restrictions on carrying parc...

April 23, 2019 1 min read

Capital Trust launches Taxiya after acquiring ride hailing firm

Sri Lanka based Capital Trust Holdings said it is launching a ride-hailing app branded Taxiya, after acquiring an existi...

April 6, 2019 1 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

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.

Sri Lanka to build first LRT for Colombo with Japan finding: Prime Minister

ECONOMYNEXT - Sri Lanka will build the first light rail transit (LRT) line in Colombo to ease traffic congestion with fu...

June 19, 2016 2 min read

US$90mn Exim Bank loan for Sri Lanka expressway extension consultancy

ECONOMYNEXT – Sri Lanka is to borrow almost $90 million from Exim Bank of China to fund a consultancy contract to...

June 9, 2016 1 min read

Chinese funds to upgrade 11 Sri Lankan roads linking southern expressway

ECONOMYNEXT – Sri Lanka is to use savings from a Chinese loan to build a section of its Southern Expressway to im...

June 9, 2016 1 min read

Sri Lanka ‘Megapolis’ transport plan pits BRT against LRT

ECONOMYNEXT – A preference for Light Rail Transit (LRT) over Bus Rapid Transit (BRT) in a plan to modernise publi...

June 2, 2016 4 min read

Sri Lanka vehicle registrations subdued in April

ECONOMYNEXT - Sri Lanka's vehicle registrations were subdued in April 2016, continuing a trend seen from January, with 3...

May 24, 2016 2 min read

Sri Lanka doubles fines for ticketless rail travel

ECONOMYNEXT – Sri Lanka has doubled the fine for passengers caught travelling without tickets on the state railwa...

May 12, 2016 1 min read

Sri Lanka railways' losses fall

ECONOMYNEXT – Operational loses at Sri Lanka’s state-run railway fell 30 percent to Rs7.7 billion in 2015 ...

May 6, 2016 2 min read

Sri Lanka public transport upgrade seen urgent to prevent traffic jamming growth

ECONOMYNEXT – Sri Lanka needs “immediate improvements” to public transport to curb the economic loss ...

May 3, 2016 2 min read

Sri Lanka gives new southern expressway deals to Chinese firm

ECONOMYNEXT – Sri Lanka has given contracts to China National Technical Import and Export Corporation under the S...

April 20, 2016 1 min read

Mahindra looks north after UK electric car launch

(Reuters) - India's Mahindra group sees northern Europe as the next market for its electric cars after choosing Britain ...

April 17, 2016 2 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 Megapolis plan seen neglecting public transport

ECONOMYNEXT – A new master plan to develop Sri Lanka’s capital Colombo and adjacent districts into a â€...

Rohan Gunasekera
April 10, 2016 2 min read

Sri Lanka to build elevated highways to Colombo suburbs

ECONOMYNEXT - Sri Lanka will build a 6.9 kilometre elevated highway connecting two expressways to key suburbs, cabinet s...

March 4, 2016 1 min read

Sri Lanka seeks ADB funding for US$250mn elevated highway

ECONOMYNEXT - Sri Lanka is seeking finance from the Asian Development Bank for a 250 million US dollar elevated expressw...

March 3, 2016 1 min read

Takata considering trimming air bag operations - Kyodo News

TOKYO, Feb 18 (Reuters) - Takata Corp is considering trimming its global air bag operations, including consolidating pro...

February 18, 2016 2 min read

Sri Lanka mulls shifting coastal rail track inland

ECONOMYNEXT - A plan to make Sri Lanka's capital Colombo into a 'megapolis' of nine million people by 2040 has suggested...

February 15, 2016 1 min read

Korea to study Sri Lanka's longest tunnel to ease Kandy congestion

ECONOMYNEXT - Export-Import Bank of Korea and Sri Lanka's Road Development Authority is to study the construction of wha...

February 2, 2016 2 min read

IRCON sees Sri Lanka rail upgrade investments at US$1.5bn

ECONOMYNEXT – Sri Lanka will need investments of about 1.5 billion US dollars to upgrade the rest of its railway ...

January 27, 2016 2 min read

Sri Lanka No. 1 importer of Japanese used cars

ECONOMYNEXT – Sri Lanka was the top importer of used cars from Japan in terms of value in 2015 with imports being...

January 25, 2016 2 min read

Sri Lanka vehicle registrations slow in December, Maruti down

ECONOMYNEXT - Sri Lanka's vehicle registrations slowed to 54,139 units in December 2015 from a high of 61,864 in Novembe...

January 25, 2016 2 min read

Sri Lanka monorail plan to suburbs not feasible: minister

ECONOMYNEXT - A planned monorail along a key traffic corridor from Colombo to the suburb of Malabe is not feasible until...

January 24, 2016 3 min read