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Sri Lanka says X-Press Pearl insurers have agreed to interim compensation

It is uncertain whether there is any oil on board

June 5, 2021 2 min read

X-Press Feeders CEO apologises to Sri Lanka, says damage assessment will take time

"There are many incidents like that at sea, and sometimes terminals and ports are able to help, and sometimes not."

June 4, 2021 4 min read

Sri Lanka in biggest ever nurdle hunt after X-Press Pearl spill, volunteer hunters arrested

At least eight nurdle hunters were arrested perhaps for the first time in the world

June 4, 2021 3 min read

Sri Lanka directs X-Press Pearl salvors to take oil out of gutted ship - if any remains

"We still cannot confirm whether the ship has oil on board or not"

June 3, 2021 3 min read

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
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 shippers say new global rules will prevent unfair charges

ECONOMYNEXT – Sri Lanka Shippers’ Council has said new guidelines by the International Chamber of Commerce...

June 22, 2016 2 min read

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

Sri Lanka container fire in port said under control

ECONOMYNEXT – A fire onboard a vessel berthed at South Asia Gateway Terminals (SAGT) in Sri Lanka’s Colomb...

June 15, 2016 1 min read

Sri Lanka to enforce container weight rule from October

ECONOMYNEXT – Sri Lanka’s ports and shipping ministry said new international safety regulations that make ...

June 14, 2016 1 min read

Long ships berth at Sri Lanka port terminal

June 14, 2016 1 min read

Sri Lanka John Keells mulls more port investments

ECONOMYNEXT – Sri Lanka’s John Keells Group has said it's considering more investments in the ports busine...

June 13, 2016 2 min read

Sri Lanka Ports Authority calls for bids to run new container terminal

ECONOMYNEXT - The Sri Lanka Ports Authority (SLPA) has called for Expressions of Interest for the East Container Termina...

June 9, 2016 1 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

SriLankan Airlines, Qatar Airways codeshare improves connectivity

ECONOMYNEXT - Qatar Airways and SriLankan Airlines, both members of the oneworld alliance, have strengthened their coope...

June 7, 2016 2 min read