An Echelon Media Company
Tuesday May 30th, 2023

Sri Lanka forum on port development, investment or sale

Sri Lanka port development will be the focus of a forum conducted by Advocata Institute on February 12 amid attempts to ...

February 10, 2021 1 min read

Sri Lanka has not told India and Japan it is pulling out of Port deal

Sri Lankan government is yet to officially tell India and Japan that it is withdrawing from the trilateral agreement tha...

February 9, 2021 2 min read

Sri Lanka's Mattala Airport welcomes Air Astana, 2,500 tourists in 2021

Sri Lanka's Mattala Airport saw the maiden flight of Air Astana, flag carrier of Kazakhstan carrying 160 tourists under ...

February 7, 2021 1 min read

Sri Lanka to offer West Terminal to India, Japan, ECT to stay with state agency

Sri Lanka will invite interested parties to develop a greenfield container terminal in Colombo port while a partially bu...

February 2, 2021 2 min read

China State Construction Engineering wins Sri Lanka’s airport terminal deal

ECONOMYNEXT – China State Construction Engineering Corporation Ltd. has won a contract to build a pre-fabricated ...

October 3, 2018 1 min read

Sri Lanka’s ship agency liberalisation will draw foreign investment, cut costs: Eran

ECONOMYNEXT – Liberalising Sri Lanka’s ship agency sector will attract foreign investment, improve efficie...

October 2, 2018 2 min read

Contentious Sri Lanka shipping reforms under spotlight at forum

ECONOMYNEXT - Sri Lankan government plans to liberalise shipping by removing foreign ownership controls will be discusse...

October 1, 2018 2 min read

Sri Lanka's BOI says rail deal rejected on weak information and tax-holiday demands

ECONOMYNEXT - Sri Lanka's Board of Investments said it has rejected an investment proposal for a high-speed railway proj...

September 26, 2018 2 min read

Suzuki small cars dominate Sri Lanka August vehicle registrations

ECONOMYNEXT – Suzuki small cars continued to dominate new and pre-owned vehicle registrations in Sri Lanka in Aug...

September 25, 2018 1 min read

Japan keen on China-run Hambantota Port in Sri Lanka

ECONOMYNEXT - Japan’s aid agency said it is in talks with Hambantota International Port Group (HIPG), a China - ...

September 17, 2018 1 min read

Sri Lanka's Hambantota Port to boost volumes with K-Line terminal deal

Sri Lanka's Hambantota Port said it has signed a terminal service agreement with Japan's K-Line, which will lead to more...

September 13, 2018 1 min read

Sri Lankan airline jettisons cashews after Sirisena's nut rage

Sri Lanka’s hugely loss-making national carrier Sri Lankan withdrew cashews from aircraft after President Maithri...

September 12, 2018 2 min read

Auditors qualify Sri Lanka’s Mercantile Shipping Company accounts

Auditors have given a qualified opinion on the accounts of Sri Lanka’s Mercantile Shipping Company with the group...

September 10, 2018 3 min read

SriLankan Airlines Catering makes Rs3.9bn net profit

ECONOMYNEXT – SriLankan Airlines’ catering unit, which has a monopoly at the island’s two internati...

September 10, 2018 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 289.8986 297.6055
UK Pound 357.3274 366.5521
Euro 310.0947 318.4855
Aus Dollar 188.4531 193.2296
Yen 2.0576 2.1257
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6214 3.6680
Korea Won 0.2261 0.2291
Oman Rial 776.9541 787.6684
Saudi Riyal 79.7546 80.8650
UAE Dirham 81.4508 82.5849
Source: Central Bank/Indicative
pts %
S&P SL20 2,428.92 -2.09%
CSE All Share 8,575.11 -1.40%
Turnover Rs million 518,927,793 893,539,637
Source: CSE
Latest Last
3-m bill 24.64 24.60
6-m bill 24.24 24.36
12-m bill 22.37 22.36
5-yr bond 24.98 24.79
8-yr bond 23.82 23.16
Source: Central Bank/Indicative
today yesterday
Overnight Money 16.49 16.49
Gilt Repo 16.50 16.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka's Colombo port grows fastest in the world in first half of 2018

Container handling at Sri Lanka's Colombo Port grew 15.6 percent in the first half of 2018, which was the fastest in the...

September 10, 2018 2 min read

Sri Lanka inks US$82.6mn rail passenger coach deal with India

State-run Sri Lanka Railways has inked a 82.64 million US dollar deal to buy 160 passenger coaches from RITES Ltd, the I...

September 8, 2018 1 min read

Sri Lanka sees 180 train suicides in 2017

In 2017, 180 persons had been killed after throwing themselves at trains to commit suicide while another 4 persons passe...

September 7, 2018 1 min read

Sri Lanka car registration up in July, tax not yet hit

Sri Lanka's motor car registrations grew 137 percent to 7,193 units in July 2018 despite a hike in taxes, as there was a...

August 31, 2018 2 min read

SriLankan Airlines resumes flights to Cochin

ECONOMYNEXT – SriLankan Airlines said it resumed flights to the southern Indian city of Cochin on Thursday, 30th ...

August 30, 2018 1 min read

Sri Lanka’s EFL takes over SG Holdings operation in Malaysia

ECONOMYNEXT - Expolanka Freight (EFL), a global freight-forwarding company headquartered in Sri Lanka and part of the Ex...

August 30, 2018 2 min read

SriLankan Airlines to have three daily flights between Colombo and Singapore

ECONOMYNEXT - SriLankan Airlines said it will increase frequencies between Colombo and Singapore to 21 flights a week wi...

August 29, 2018 1 min read

Sri Lanka's freedom of navigation initiative aims for platform to resolve issues: PM

Sri Lanka's freedom of navigation initiative is to create a rules based mechanism where Indian Ocean littoral states and...

August 28, 2018 3 min read

Sri Lanka and India discuss fast tracking Indian Ocean naval, security deal

Sri Lanka's Prime Minister Ranil Wickremesinghe and India's Foreign Minister Sushma Swaraj had discussed the need to fas...

August 27, 2018 2 min read

SriLankan Airlines drained by high commissions paid to GSAs owned by one person

SriLankan Airlines had been drained by unusually high commissions paid to general sales agencies operating in several co...

August 27, 2018 5 min read