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India's IRCON to upgrade Sri Lanka's Northern railway track for Rs33bn

Colombo Jaffna direct trains halted from 5 months from Jan 05

December 28, 2022 1 min read

Sri Lanka 2023 budget proposes logistic hubs to boost trade

Sri Lanka has been in the process of coming out of an unprecedented economic crisis

November 16, 2022 1 min read

Sri Lanka railways in losses despite fare hike

In 2021 Sri Lanka Railways lost Rs10.3bn rupees

September 30, 2022 2 min read

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

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

September 28, 2022 2 min read
Sri Lanka Foreign Minister explains reason for rejecting Indian land connectivity bid

Sri Lanka's previous governments have agreed for India's land connectivity project

President, Prime Minister Modi flag off Indian financed railway

Prime Minister Modi concluded a three day visit to Sri Lanka Sunday

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

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
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Suburban Sri Lankans spend six years in traffic

An average Sri Lankan living in the outer suburbs of the capital Colombo will spend around six years of their life on th...

March 21, 2019 2 min read

Sri Lanka vehicle registrations fall in February as demand slows

ECONOMYNEXT – Sri Lankan vehicle registrations fell sharply in February 2019 to 2,347 units from 3,147 units the ...

March 14, 2019 1 min read

New Sri Lanka logistics park to offer inventory management, handle returns

ECONOMYNEXT – A logistics facility Sri Lankan conglomerate John Keells Holdings is building with an investment of...

March 11, 2019 2 min read

Sri Lanka gets Japanese Rs48bn soft loan for light rail

ECONOMYNEXT – Sri Lanka Monday signed an agreement with Japan for a soft loan to build a light rail transit (LRT)...

March 11, 2019 4 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
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 to finance modern buses, overhaul routes

Sri Lanka will be financing better buses for the public and private sector service providers under the 2019 budget, and ...

March 7, 2019 2 min read

Sri Lanka vehicle registrations recover in January

ECONOMYNEXT - Sri Lanka's vehicles registrations recovered in January 2019 from a steep slump in December 2018, but were...

February 25, 2019 1 min read

Sri Lanka to review bus licensing system on expressways

Sri Lanka has appointed a committee to review route licenses for buses operated on expressways, the state information of...

February 17, 2019 1 min read

India funds for Sri Lanka railways climb to US$1.3bn

Sri Lanka is beginning to commission diesel multiple units supplied under a 100 million dollar credit line from India, w...

January 28, 2019 1 min read

ADB to finance US$300mn Sri Lanka elevated port highway

Manila-based Asian Development Bank will help build an elevated access highway to Sri Lanka with financing of 300 millio...

January 17, 2019 1 min read

New Sri Lanka logistics facility targets exporters

ECONOMYNEXT – Sri Lanka’s investment agency has approved a project to build a warehouse and container depo...

January 8, 2019 1 min read

Japan soft loan for Sri Lanka LRT at low interest, 40-yr payback

ECONOMYNEXT - A 1.85 billion dollar equivalent loan offered by Japan to build a light rail transit system in Sri Lanka...

January 4, 2019 1 min read

Sri Lanka to get digital transit card for bus, rail transport

ECONOMYNEXT – Sri Lanka’s central bank is working to help introduce a digital transit card to be used in b...

January 3, 2019 1 min read

Sri Lanka to sign loan agreement with Japan for light rail

ECONOMYNEXT – Sri Lanka’s government is to sign an agreement with the Japanese aid agency, Japan Internati...

January 3, 2019 1 min read

Sri Lanka fuel prices fall 17.9-pct, regulated bus fares down 4.2-pct

Sri Lanka bus fares which were raised by state regulation three times this year have come down by 6 percent after a fuel...

December 29, 2018 2 min read
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