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X-Press Pearl which carried caustic soda sinks slowly off Sri Lanka, no oil spill yet

Oil watch continues as bow bow goes under water

June 7, 2021 3 min read

Sri Lanka recovers X-Press Pearl black box, chief officer questioned on stowage plan

Police have questioned the captain, chief engineer and deputy chief engineer

June 6, 2021 4 min read

Sri Lanka former PM calls for parliamentary select committee on X-Press Pearl disaster

"People have a right to know how the ship caught fire and why it could not be extinguished."

June 6, 2021 3 min read

Sri Lanka official on X-Press Pearl fire: loading conflicts on dangerous goods are usually detected

Goods have to be correctly declared for safe stowage

June 6, 2021 3 min read
Sri Lanka container volumes surge 30-pct in Feb amid Red Sea troubles

Up to February 2024, transshipment volumes were up 27.2 percent

Sri Lanka air passenger traffic up 40-pct in Jan-Feb

Tourists arriving by air had risen 104.65 percent to 452,532 in the first two months

Concern expressed over bid conditions for Sri Lanka's East Container Terminal

An influential shipping industry body has warned that conditions set for investors to build and operate a container term...

July 11, 2016 2 min read

Batticaloa airport revives hope for Sri Lanka domestic air travel

Direct air connectivity to Sri Lanka's east could become a reality if domestic air travel takes off after Batticaloa air...

July 10, 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

Sri Lanka airport duty free franchise tender draws global interest

Tenders to run core duty free sales alcohol, tobacco, perfume and confectionary at Sri Lanka's main international airpor...

July 8, 2016 1 min read

Sri Lanka seeks investors for SriLankan Airlines; BNP Paribas, KPMG advisors

Sri Lanka has called offers from strategic investors to sell loss-making SrLankan Airlines and Mihin Lanka, with BNP Par...

July 7, 2016 1 min read

Sri Lanka govt to enact laws to enforce container weighing rule

Sri Lanka’s Cabinet of Ministers has approved a proposal by the ports and shipping ministry to draft laws to enfo...

July 7, 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 airports authority operational profit up 25-pct

ECONOMYNEXT – Operational profit at Airport and Aviation Services (Sri Lanka) Ltd (AASL), which runs the islandâ...

July 5, 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

Sri Lanka shippers to be charged US$25 for box weight notification

ECONOMYNEXT - Shipping lines are considering charging Sri Lanka shippers US$25 for submitting details of container they ...

July 4, 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 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 calls investors to run Mattala international airport

Sri Lanka has called for expressions of interest from domestic and international companies to invest and operate Mattala...

July 3, 2016 1 min read

Sri Lanka Ports Authority debt Rs234Bn, loss forecast in 2016

ECONOMYNEXT – Sri Lanka Ports Authority (SLPA) made a pre-tax profit of Rs4.6 billion in the first four months of...

July 1, 2016 2 min read

Sri Lankan shippers say new rule abused to levy unfair fees

A new global rule requiring verification of container weights is being abused by some companies which move freight to le...

July 1, 2016 2 min read

Sri Lanka port terminal mobile app to track containers

ECONOMYNEXT – Sri Lanka’s Chinese-run Colombo International Container Terminals (CICT) said it had launche...

July 1, 2016 2 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

Sri Lanka’s Walkers Shipyard in talks on Maldives unit

ECONOMYNEXT – Walkers Colombo Shipyard, Sri Lanka’s second shipyard which focuses on small and medium size...

June 28, 2016 1 min read

SriLankan Airlines to stop Paris, Frankfurt flights from November

ECONOMYNEXT - SriLankan Airlines said it will be suspending its operations to Paris and Frankfurt, from winter 2016 to a...

June 27, 2016 2 min read

Sri Lanka's Mihin Lanka losses total Rs17bn

Sri Lanka's state-run carrier Mihin Lanka has lost 17 billion rupees over the past seven year, and has received a 15 bil...

June 27, 2016 1 min read

Sri Lanka boat building to revive with end of fisheries ban

ECONOMYNEXT – Sri Lanka’s boat building is expected to revive with the withdrawal of a ban on fish exports...

Rohan Gunasekera
June 22, 2016 1 min read