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Sri Lanka aviation minister steps down, president orders probe

Aviation

July 6, 2022 1 min read

Sri Lankan Airlines loses Rs248bn in four months after soft-peg collapse

Forex loss Rs145bn

July 5, 2022 2 min read

Two cruise ships laid up in Sri Lanka's China-backed Hambantota Port

Ships are laid up when they are taken off profitable service.

July 3, 2022 1 min read

Sri Lanka's Colombo Port says has fuel to continue operations

Has 32,000MT of fuel

July 1, 2022 1 min read
Sri Lanka unit of IOC profits halves in Sept 2024 quarter

Gross profits down with cost of sales rising faster than revenues

Sri Lanka Aviation clears bomb scare on Vistara amid threat to scores of Indian flights

Multiple bomb threats on Indian flights have scared airlines industry

Sri Lanka's Colombo port handles 6mn TEUs by December 2017

Sri Lanka's Colombo Port hand handled 6.0 million twenty foot equivalent unit (TEUs) up to December 22, with the help of...

December 26, 2017 1 min read

Pilots press case for ditching SriLankan chairman

Pilots of the national carrier have accused its chairman Ajith Dias of undermining the credibility of Sri Lankan among l...

Our Political Correspondent
December 21, 2017 3 min read

Sri Lanka to expand city airport at Ratmalana

ECONOMYNEXT – The Sri Lankan government is to expand the airport at Ratmalana, in a southern suburb and closest t...

December 20, 2017 1 min read

New Sri Lanka shipping service with Yangon, Chennai

ECONOMYNEXT – A dedicated feeder shipping service connecting Sri Lanka’s Colombo port with Yangon in Myanm...

December 19, 2017 2 min read

Sri Lanka to call tenders for two pilot boats

State run Sri Lanka Ports Authority (SLPA will call international tenders to buy two pilot boats, the sate information o...

December 17, 2017 1 min read

Sri Lanka Ports Authority to call bids for pilot boats

ECONOMYNEXT - Sri Lanka Ports Authority is to call for international bids to buy two pilot boats for Colombo port the pr...

December 15, 2017 1 min read

Prefab terminal for Sri Lanka airport after expansion delay

Sri Lanka is planning to install a pre-fabricated terminal as a stop gap solution after a delay in awarding a contract t...

December 15, 2017 1 min read

Sri Lankan airlines refuse to disclose perks of directors

The management of Sri Lanka's debt-laden national carrier has turned down a request from employees seeking information a...

Our Political Correspondent
December 14, 2017 2 min read

Sri Lanka's regulated public bus fleet declines in first half 2017

Sri Lanka's regulated privately owned bus service has declined 2.0 percent to 19,917 in the first half of 2017 from a ye...

December 14, 2017 1 min read

Sri Lanka unions call off rail strike after backlash

Colombo, Sri Lanka | AFP | Wednesday - Sri Lanka's railway workers called off an island-wide strike Wednesday that disru...

December 13, 2017 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 331.7485 330.8514
UK Pound 443.7468 438.3450
Euro 372.5204 371.0168
Yen 2.0969 2.0916
Aus Dollar 233.0533 231.1659
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.4948 3.4202
Korean Won 0.2499 0.2479
Oman Rial 861.6397 859.3320
Saudi Riyal 88.4403 88.0955
UAE Dirham 90.3209 90.0766
Source: Central Bank/Indicative
pts %
S&P SL20 5,656.91 -0.43%
CSE All Share 19,927.30 -0.28%
Turnover Rs 1457.79 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 readies shareholder deal with China on Hambantota port

Sri Lanka's cabinet of ministers had approved for signing with China, a shareholder agreement on two joint venture compa...

December 7, 2017 1 min read

Sri Lanka gives seventh freedom cargo rights to US carriers

Sri Lanka and the United States had signed an expanded open skies deal with US carriers being given seventh freedom righ...

December 6, 2017 2 min read

Shipping liberalization makes Sri Lanka more competitive: Maersk

ECONOMYNEXT – A visiting senior official from Danish-owned AP Moller-Maersk, one of the world's largest container...

December 5, 2017 1 min read

Sri Lanka airport passenger volume slightly up amid closure

Passengers volumes at Sri Lanka's main airport in Katunayaye rose 2.7 percent to 5.4 million in the first 7 months of 20...

December 5, 2017 1 min read

Sri Lanka's Walkers Shipyard to get US$4mn from ADB

Sri Lanka's Walkers Shipyard (Pvt) Ltd said it has inked a deal to get a 4 million US dollar loan from the Manial-based ...

December 4, 2017 1 min read

Sri Lanka gives concessions for China port operations, ESC to be charged

Sri Lanka has given a series of tax exemptions for two joint venture companies with China that will part own or manage c...

November 29, 2017 2 min read

Sri Lanka President opposes shipping liberalisation: Minister

ECONOMYNEXT - Sri Lanka's Shipping Minister Mahinda Samarasinghe announced in parliament Tuesday that President Maithrip...

November 28, 2017 2 min read

SriLanka airline bailed out with Rs60bn, Rs107bn hole in balance sheet

Sri Lanka has given a 60 billion rupee bailout for state-run SriLankan Airlines to get domestic and international fundin...

November 26, 2017 2 min read

Electric-powered cranes commissioned in Sri Lanka's CICT port terminal

ECONOMYNEXT – The Chinese-operated Colombo International Container Terminals (CICT) in Sri Lanka’s Colombo...

November 23, 2017 2 min read

Sri Lanka airport fuel hydrant system to East Asia consortium

Sri Lanka has awarded a 51 .5 million US dollar deal to build a fuel hydrant system at the island's main international a...

November 23, 2017 1 min read