An Echelon Media Company
Sunday June 26th, 2022

Sri Lanka reducing use of oil-fired power plants

COLOMBO (EconomyNext) – Sri Lanka has stopped using fossil fuel-based power plants generating 220 megawatts and a...

Rohan Gunasekera
June 10, 2015 2 min read

Sri Lanka tourism uncompetitive due to high building costs

COLOMBO (EconomyNext) – Sri Lanka's tourism product is becoming uncompetitive due to high building costs, a top l...

June 10, 2015 6 min read

Sri Lanka warned of Iran oil embargo breach: report

COLOMBO (EconomyNext) - Sri Lanka has been warned about a suspected breach of an embargo on Iranian crude by involving s...

June 10, 2015 1 min read

Sri Lanka SEC halts bond sale over rating row

COLOMBO (EconomyNext) - Sri Lanka's Securities and Exchange Commission has halted a planned 3.0 billion rupee bond sale ...

June 9, 2015 2 min read

Sri Lanka’s Hayleys to expand aluminium extrusions manufacture

COLOMBO (EconomyNext) – With rapid growth in the construction sector, Sri Lanka’s Hayleys group plans to e...

June 9, 2015 2 min read

Sri Lankan shares hover at seven-week low

COLOMBO (EconomyNext) – Sri Lankan shares, hovering at a seven-week low, fell for the second straight day Tuesday...

June 9, 2015 1 min read

Sri Lanka sells Rs32.6bn in 5 and 7-year bonds, 10-year rejected

COLOMBO (EconomyNext) - Sri Lanka has sold 32.6 billion rupees of 5 and 7 year bonds and rejected bids for 10 year bonds...

June 9, 2015 1 min read

Dutch support to raise Sri Lanka dairy yields, quality

COLOMBO (EconomyNext) – Sri Lanka can improve the productivity of its dairy farmers by going for bigger farms to ...

Rohan Gunasekera
June 9, 2015 2 min read

HSBC to shed up to 50,000 jobs, slash investment bank

HONG KONG/LONDON, June 9 (Reuters) - HSBC will shed almost 50,000 jobs and take an axe to its investment bank, cutting t...

June 9, 2015 3 min read

Sri Lankan rupee rises after bank sells dollars at 133.80

COLOMBO, June 9 (Reuters) - The Sri Lankan rupee traded slightly firmer on Tuesday after a state-run bank sold dollars a...

June 9, 2015 1 min read

Sri Lanka's People's Insurance seeks foreign partner, public listing

COLOMBO (EconomyNext) - Sri Lanka's People's Insurance, a unit of People's Leasing and Finance Plc is seeking a foreign ...

June 9, 2015 1 min read

Ranil saves Sri Lanka citizens from further expansion of elected ruling class

COLOMBO (EconomyNext) - A proposal by Prime Minister Ranil Wickremesinghe to limit the parliament to the current 225 mem...

June 9, 2015 2 min read

Sri Lanka's Aitken Spence to boost Maldives' capacity over 50-pct

COLOMBO (EconomyNext) - Sri Lanka-based Aiken Spence group said it will boost capacity in Maldives by 57 percent by star...

June 9, 2015 2 min read

Sri Lanka president says not backing electoral reforms is a betrayal

COLOMBO (EconomyNext) - Sri Lanka's political parties that do not back electoral reforms to make campaigning less expens...

June 8, 2015 2 min read

Sri Lankan shares slip to over 7-week low

COLOMBO, June 8 (Reuters) - Sri Lanka's stock index closed at its lowest in more than seven weeks on Monday led by marke...

June 8, 2015 2 min read

Visitor quota for Sri Lanka wildlife parks mooted

COLOMBO (EconomyNext) – The head of one of Sri Lanka’s biggest hotel group, Aitken Spence Hotel Holdings, ...

June 8, 2015 2 min read

Sri Lanka, Pakistan trade contracts despite FTA

COLOMBO (EconomyNext) – Business groups in Sri Lanka and Pakistan are concerned about the contraction in bilatera...

June 8, 2015 2 min read

De-listing not the answer to Sri Lanka companies below 20-pct public float: official

COLOMBO (EconomyNext) - Sri Lanka's Colombo Stock Exchange will not force companies to de-list quickly if they fail to m...

June 8, 2015 3 min read

Adam Investments new plant heats up Sri Lanka activated carbon competition

COLOMBO (EconomyNext) - Sri Lanka’s Adam Investments said it is upgrading its activated carbon factory and aims t...

June 8, 2015 2 min read

Earnings growth in Sri Lanka listed firms slows in March quarter - Corrected

COLOMBO (EconomyNext) - Aggregate profit growth of Sri Lanka's listed companies rose 2.2 percent to 53.3 billion rupees ...

June 8, 2015 2 min read