mainadimage
An Echelon Media Company
Thursday July 29th, 2021
Slideshows

Sri Lanka car registrations down to 7 - year low in June after 'Nixon' shock

Sri Lanka's new car registrations fell to a 1,580 units in June 2019, down from 6,819 units in 2018, and a 7-year low in...

3 min read

Sri Lanka’s Laugfs Gas in talks with strategic investors in LPG, hotels

ECONOMYNEXT – Sri Lanka’s Laugfs Gas, which has diversified from a domestic cooking gas supplier to region...

3 min read

Sri Lanka bad loans grow to 4.8-pct in June after soft-peg collapse

Bad loan in Sri Lanka banking system grew to 4.8 percent of gross loans by June 2019, from 4.2 percent in March, though ...

3 min read

Sri Lanka to cut embarkation tax by US$10 to boost tourism

Sri Lanka is planning to cut the embarkation tax on tourists by 10 US dollars to boost tourism in the wake of Easter Sun...

3 min read

Sri Lanka making detailed designs for US$600mn Colombo suburban electric train

Sri Lanka has started making detailed designs for Colombo suburban electric trains adding an extra track to existing rai...

Sri Lanka security services see rush after bombings

Many of Sri Lanka's private security firms are seeing a spike in demand which they cannot meet after Easter Sunday bombi...

Growing taste for Sri Lankan tea among Chinese youth triggers export boom

ECONOMYNEXT- Chinese youth are acquiring a taste for Sri Lanka’s black tea, with shipments to China, mainly a gre...

Tania Madies

2 min read

Sri Lanka to develop 200 acres into lakeshore commercial hub

Sri Lanka has built a linear park along the shore of a lake in the capital Colombo where more than 200 acres of land wil...

1 min read

Sri Lanka move to privatize plantations was correct: Minister

Sri Lanka's decision to privatize state-run plantations in the 1990s was correct, but not all of the new owners were run...

4 min read

Sri Lanka's central expressway second phase progressing fast

The second phase of Sri Lanka's central expressway from Colombo to Kandy is built by 16 local contractors is already 25 ...

2 min read

Sri Lanka's central bank caught between peg and a hard place

Sri Lanka's central bank which is operating a non-credible pegged exchange rate with brief and violent swings to a float...

14 min read

Sri Lanka needs a narrower inflation target to stop stagflation, BOP crises: Bellwether

Sri Lanka is now in a quagmire of stagflation with inflation at 7.0 percent and growth at 4.0 percent, due to policy err...

Bellwether

16 min read

Uncertainty roils Sri Lanka bond markets after tax reversals

Withholding tax will have to be deducted from listed corporate bonds which are in existence, a tax official said, raisin...

6 min read

Sri Lanka to ease price controls: Eran

Sri Lanka will gradually move away from price controls, but wanted markets to function "freely" and "responsibly" to giv...

3 min read

Demonetization is theft; India going cashless is a joke: Steve Hanke

Demonetisation is always theft and its contradictory effect on the money supply, coupled with a negative confidence shoc...

3 min read

Sri Lanka's 'alternative facts' on bond sales

Sri Lanka's government Tuesday resorted to the latest Donald Trump tactic of offering "alternative facts" to defend Arju...

Our Political Correspondent

2 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 199.9033 199.9000
UK Pound 278.1954 277.5112
Euro 236.8554 236.3318
Aus Dollar 147.2188 147.1464
Yen 1.8214 1.8210
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6863 2.6830
Korea Won 0.1738 0.1732
Oman Rial 519.2428 519.2343
Saudi Riyal 53.3004 53.2910
UAE Dirham 54.4229 54.4220
Source: Central Bank/Indicative
pts %
S&P SL20 3,072.72 0.71%
CSE All Share 8,134.75 0.47%
Turnover Rs million. 2,191,558,044.10 1,806,549,564.70
Source: CSE
Latest Last
3-m bill 5.14 5.13
6-m bill 5.17 5.16
12-m bill 5.22 5.21
5-yr bond 7.35 7.34
8-yr bond 7.89 7.88
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.11 5.11
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka's China industrial zone draws protests - in pictures

ECONOMYNEXT - Sri Lanka unveiled an industrial zone for Chinese investors amid protests from opposition politicians, mon...

1 min read

Sri Lanka drifting, window for economic take-off narrowing: Razeen Sally

Sri Lanka is in a period of dangerous policy drift with mediocre governance which is inherently unstable with the danger...

6 min read

Drought, coal plant outage raises Sri Lanka power cut risks

Sri Lanka's power regulator has warned of risks of power shortfalls in early 2017 amid weak rainfall and urged the state...

2 min read

Sri Lanka listed company profits up 11-pct, market re-rated down: data

Profits at Sri Lanka's publicly traded companies rose 11 percent to Rs225 billion in the 12 months ending September 2016...

2 min read

Sri Lanka's ex-leader slams India over China ties

ECONOMYNEXT - Sri Lanka's former president Mahinda Rajapaksa launched an attack on India on Tuesday, ahead of his visit ...

Our Political Correspondent

3 min read

Maersk, MSC, CMA CGM, top port operators bid for Sri Lanka terminal

Seven consortia, made up of the largest shipping lines in the world including Maersk, MSC and CMA CGM, teaming up with t...

1 min read

Sri Lanka budget gap down in first half 2016, on target

Sri Lanka's budget deficit narrowed 18 percent in absolute Rs328.8 billion in in the first half of 2016 from a year earl...

2 min read

Sri Lanka can boost revenues, slash graft with a low uniform tariff: Prema-Chandra Athukorala

Sri Lanka can sharply boost state revenue with a lower uniform import tariff, as evidenced from other countries also sho...

2 min read

Central Bank of Sri Lanka, FinMin main sources of economic instability

The finance ministry which runs budget deficits and the central bank which compounded fiscal debacles by printing money,...

5 min read

Sri Lanka makes big financial gains from plantations privatization

Sri Lanka's government has made financial gains from privatising plantations and also avoided continuous bailouts from t...

2 min read

1 2 3 5