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Wednesday October 20th, 2021
Shipping

India says not associated with Sri Lanka’s WCT decision

The Indian High Commission in Sri Lanka has disassociated itself with Colombo’s announcement suggesting that New Delhi...

3 min read

Sri Lanka will join India’s Adani Group to develop and operate the West Container Terminal In Colo...

Sri Lanka will join hands with a giant Indian conglomerate in a Build, Operate and Transfer deal to develop the West Con...

3 min read

China's Sinopec unit says Sri Lanka bunkering made competitive, LMS first customer

Sinopec Fuel Oil Lanka Limited (SFOL), a unit of China's Sinopec group located in Hambantota port, is making Sri Lanka's...

3 min read

Sri Lanka withdrew from East Terminal deal due to dispute over terms: Minister

Sri Lanka withdrew from an agreement to jointly complete East Container Terminal in Colombo port with India and Japan du...

3 min read

Sri Lanka beefs up defences for possible oil spill from X-Press Pearl

Fisheries Minister Kanchana Wijesekera said a plan had been devised to contain any possible oil spill

X-Press Pearl stern hits bottom aborting tow, Sri Lanka renews oil spill watch

Salvors abort tow after the stern of the partially sunken vessel settles on the ocean floor

Sri Lanka’s CICT invests in dangerous goods storage facility

ECONOMYNEXT – Sri Lanka’s Colombo International Container Terminal (CICT) said it has opened a Dangerous G...

2 min read

Sri Lanka Ports Authority profits down in 2018 amid higher forex losses

ECONOMYNEXT – Pre-tax profits at state-run Sri Lanka Ports Authority fell 27.5 percent to 8.7 billion rupees in 2...

1 min read

Sri Lanka's Hambantota Port signs deals with vehicle carriers

ECONOMYNEXT - Hambantota International Port Group (HIPG) said it has signed Terminal Service Agreements (TSAs) with top ...

2 min read

China's Sinopec to operate Sri Lanka's Hambantota oil tank farm

China's Sinopec Fuel Oil Sales Co. Limited (SFO) has won a tender to operate a bunker oil tank farm in the Hambantota Po...

3 min read

Sri Lanka Ports Authority to buy more cranes

ECONOMYNEXT – Sri Lanka Ports Authority (SLPA) is to buy three Ship to Shore (STS) cranes from China under the ex...

2 min read

Sri Lanka investment agency opens centre in Hambantota port

ECONOMYNEXT – Sri Lanka’s Board of Investment (BOI) has set up a ‘one-stop’ service centre at...

2 min read

Student enrolment propels 40-pct growth in Sri Lanka logistics institute membership

ECONOMYNEXT – Membership of the Chartered Institute of Logistics and Transport (CILT) in Sri Lanka grew 40 percen...

2 min read

GAC Sri Lanka gets new chief, eyes outsourcing business

ECONOMYNEXT – Ravi Edirisinghe has been appointed director and chief executive in Sri Lanka of GAC Group, a globa...

2 min read

60-pct foreign ownership in Sri Lanka shipping, Maersk keen on East Terminal

ECONOMYNEXT – Sri Lanka will raise foreign ownership in ship agencies to 60 percent in the first stage of liberal...

2 min read

Sri Lanka Ports Authority to buy three cranes from China

The Sri Lanka Ports Authority is to buy three ship-to-shore gantry cranes from China’s Shanghai Zhenhua Heavy Ind...

1 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 200.0930 201.2500
UK Pound 274.9278 275.3503
Euro 231.9678 233.5204
Aus Dollar 148.4390 149.2873
Yen 1.7539 1.7676
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6665 2.6988
Korea Won 0.1689 0.1701
Oman Rial 519.7356 522.7409
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Source: Central Bank/Indicative
pts %
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Turnover Rs million. 2,191,558,044.10 705,911,605
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3-m bill 7.19 6.64
6-m bill 7.31 6.80
12-m bill 7.46 6.96
5-yr bond 10.52 9.48
8-yr bond 11.37 9.97
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.11 5.11
Gilt Repo 5.14 5.14
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Source: Central Bank/Indicative

Sri Lanka’s Dockyard eyes LNG storage, hi-tech, smaller vessels

ECONOMYNEXT – Colombo Dockyard, Sri Lanka’s listed shipyard, is changing its shipbuilding strategy and aim...

2 min read

Sri Lanka shipping liberalisation before presidential poll: Mangala

ECONOMYNEXT – Sri Lanka’s government will implement delayed plans to liberalise the shipping sector, allow...

2 min read

Sri Lanka's JKH starts building US$14mn logistics park

Sri Lanka's John Keells Holdings has started building a 14 million US dollar logistics park which will provide services ...

1 min read

Maersk mulls increasing container handling in Sri Lanka

ECONOMYNEXT - Maersk A/S, the world’s biggest container shipping line, is considering increasing its container ha...

1 min read

Sri Lanka to make Colombo ‘smart port’ with automated functions

ECONOMYNEXT – Sri Lanka’s ports and shipping ministry said it will spend 929 million rupees to modernise i...

2 min read

Sri Lanka’s shipping ministry dumps defunct Oluvil port on fisheries ministry

ECONOMYNEXT – Sri Lanka’s ports and shipping ministry has decided to transfer the eastern port of Oluvil, ...

2 min read

Sri Lanka yet to decide on liberalising shipping

ECONOMYNEXT – Sri Lanka’s government has not yet decided on a budget proposal to liberalise the shipping s...

2 min read

Northern Sri Lanka port to be developed with Indian aid to handle general cargo

ECONOMYNEXT – Sri Lanka is to develop the northern Kankesanthurai (KKS) harbour with Indian aid to enable it to b...

2 min read

Sri Lanka shipping policy to encourage ship finance

ECONOMYNEXT – Sri Lanka’s new national policy for its maritime and logistics sectors has recommended sever...

1 min read

Sri Lanka's Expolanka Freight net up 39-pct

Profits at Sri Lanka's Expolanka Freight Holdings Plc grew 39 percent to 469 million rupees in the December 2018 quarter...

2 min read

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