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Sunday March 3rd, 2024

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...

July 23, 2019 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...

July 15, 2019 4 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 ...

July 15, 2019 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...

July 5, 2019 1 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
May 21, 2019 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...

June 13, 2018 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...

June 7, 2018 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 ...

June 6, 2018 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...

May 10, 2018 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...

February 20, 2018 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...

September 13, 2017 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...

August 10, 2017 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...

February 13, 2017 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
January 24, 2017 2 min read
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Latest Last
US Dollar 314.2362 315.2986
UK Pound 398.6683 401.0482
Euro 341.7333 343.3195
Aus Dollar 206.6758 207.9088
Yen 2.1003 2.1051
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
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...

January 7, 2017 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...

December 21, 2016 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...

December 14, 2016 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...

November 23, 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
November 23, 2016 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...

September 22, 2016 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...

September 12, 2016 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...

September 3, 2016 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,...

August 8, 2016 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...

August 6, 2016 2 min read
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