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India's Ircon wins US$91mn deal to modernise northern Sri Lanka rail line

ECONOMYNEXT - Sri Lanka's government has awarded India’s Ircon International Ltd. a contract for 91.3 million US ...

April 3, 2019 1 min read

First Sri Lanka multimodal transport centre opens Sunday

ECONOMYNEXT – Sri Lanka’s first multimodal transport centre enabling travellers to easily switch between r...

March 29, 2019 2 min read

Sri Lanka state firm to buy 37 luxury buses from Softlogic

ECONOMYNEXT - State-run Sri Lanka Transport Board has awarded a contract to supply 37 luxury buses to Softlogic Automobi...

March 28, 2019 1 min read

Mahindra TREO electric trishaws launched in Sri Lanka

Mahindra and Mahindra Ltd of India has launched its TREO electric trishaw in Sri Lanka which will reduce pollution and n...

March 27, 2019 2 min read
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.

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 ...

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
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
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I-m SLIBOR - -
Source: Central Bank/Indicative

ADB approves $175m loan for Sri Lanka road improvements

ECONOMYNEXT – The Asian Development Bank said it has approved a loan of 175 million US dollars to improve rural r...

January 13, 2016 1 min read

China Exim Bank, HNB to fund Sri Lanka expressway extension

ECONOMYNEXT – Sri Lanka will borrow 360 million US dollars from the Exim Bank of China and 63.58 million dollars ...

January 7, 2016 1 min read

ADB to do Sri Lanka rail electrification feasibility

ECONOMYNEXT – The Asian Development Bank has agreed to fund a feasibility study on upgrading the suburban railway...

December 15, 2015 1 min read

Sri Lanka mulls smart cards, GPS for public transport

ECONOMYNEXT - Sri Lanka’s new government is working to improve public transport as a viable alternative to privat...

December 14, 2015 2 min read

Sri Lanka state railway land said seized by politicians

ECONOMYNEXT - A Sri Lankan parliamentarian has called for a probe into how land owned by the los-making state railway w...

December 11, 2015 1 min read

Competitive bids for Sri Lanka expressway project

ECONOMYNEXT – Sri Lanka’s new government has decided to call for competitive bids to build sections of a n...

December 10, 2015 1 min read

Holcim Sri Lanka unit to transport coal by train

ECONOMYNEXT – Sri Lanka’s Cabinet of ministers has approved a deal between cement multinational Holcim Lan...

December 10, 2015 1 min read

Uber launches ride sharing service in Sri Lanka

ECONOMYNEXT – Uber has launched its ride sharing service in Sri Lanka saying it was drawn by people already looki...

December 9, 2015 2 min read

Sri Lanka ‘port city’ traffic warning

ECONOMYNEXT – A proposed ‘port city’ next to the Sri Lankan capital Colombo will generate so much tr...

December 8, 2015 1 min read

Sri Lanka new govt accused of unsolicited bids in transport, lacking transparency

ECONOMYNEXT – Sri Lanka’s new government has been accused of going against pledges of transparency and ado...

December 7, 2015 13 min read