Sri Lanka news, Sri Lanka economy, Sri Lanka rupee from EconomyNext.
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Thursday April 25th, 2024

Sri Lanka travel trade promised private visa levies would be lifted from May

We have now been assured by the Hon Minister of Tourism that the process will be reversed by 1st May

1 min read

Sri Lanka planning to cut withholding tax on interest to help retirees: Minister

Withholding tax may be lifted on interest below Rs100,000 a month

1 min read

Sri Lanka rupee closes stronger at 296.85/297.00 to US dollar

Bond yields were down

1 min read

Sri Lanka stocks close up, market gets bullish

Banks were driving this bullishness. Tourism sector also attracted interest.

1 min read

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SriLankan Engineering implements AMOS ERP

It will be able to boost engineering productivity, reduce costs and maintain quality and consistency in its maintenance

2 min read

Japan grants US$3mn for inland cage aquaculture, hatcheries in Sri Lanka

The funds will establish four community-operated mini hatcheries in Batticaloa, Mullaitivu, Anuradhapura and Monaragala

2 min read

Unions threaten to "defeat" Sri Lanka electricity reforms bill outside parliament

"We say to parliament members, if you have a conscience, do not raise your hand in support of this bill," added Jayalal.

Sri Lanka presidential debate: NPP fires back at SJB, asks for alternative dates

"Okay. In that case, we ask the SJB to [propose alternative dates]," he said.

Climate summit to discuss growth opportunities for Sri Lanka businesses: Chamber

"Our competitiveness in the global marketplace is going down as a result of climate change."

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Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
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 will need Rs 40 Bn to increase senior citizens' interest rate to 15 pct

He said the Treasury will take a decision with "great care".

2 min read

Sri Lanka rupee opens stronger at 297.10/20 to US dollar

Bond yields were down

1 min read

Sri Lanka worker migration, passport issues, begin to decline

Total departures for all purposes see a recovery

3 min read

EY’s 5 Pillars of Successful Digital Transformation

Strategic intent is not enough; successful implementation hinges on these key pillars

Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
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
Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
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 worker migration, passport issues, begin to decline

Total departures for all purposes see a recovery

3 min read

No company has come forward to offer Sri Lanka female prisoners paid work: Official

Male prisoners have been given work by some private companies for which they are paid 1024 rupees a day.

Apsara Rodrigo

1 min read

DIMO's Green Commitment: A Journey Beyond Business Horizons

How DIMO's outward-looking synergies foster greener futures for people and the planet.

7 min read

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Sri Lanka Treasury bill yields fall across maturities, 3-months 9.90-pct

All offered bills sold

1 min read

Sri Lanka rupee closes stronger at 297.95/298.10 to US dollar

Bond yields were flat

1 min read

Global South’s desire to establish independence hinted at Sri Lanka-Iran leaders’ talk

Analysts say Sri Lanka has been receiving more assistance from Global South than rich Global North

2 min read

Sri Lanka stocks close up, small caps see buying interest

"There was a run on penny stocks, possibly because banking stocks had slowed down," market participants said.

1 min read

Sri Lanka, Iran Presidents inaugurate Uma Oya hydro-electric project

Th irrigation and hydropower project was designed and built by Iran's Farab engineering group.

2 min read

Sri Lanka FinMin says to confiscate 112 vehicles imported illegally

112 vehicles worth more than 7 billion rupees: State Minister

1 min read

Iran President lands in Sri Lanka to open hydro-electric project

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1 min read

Sri Lanka rupee opens stronger at 300.00/40 to US dollar

Bonds were broadly stable

1 min read

Sri Lanka's SJB wants mutually agreeable dates for debate with NPP

"Sajith Premadasa is keen to have this debate," he said.

2 min read

Sri Lanka closes express highway, tightens security for Iran President’s visit

Raisi's visit comes after Iran's attack on Israel 10 days ago.

1 min read

Sri Lanka financial account turns $1.3bn in to deficit in 2023 amid heavy repayments

The financial account was 1.3 billion dollars in deficit in 2023

5 min read

Sri Lanka Freedom Party officials squabble over Rajapakshe appointment

SLFP spokesmen also disagree over Rajapakshe's purported candidacy at the upcoming presidential election.

2 min read

Sri Lanka education reforms to involve input of professionals, other stakeholders

Globally, he said, the traditional schooling system and supplementary classes are intertwined.

3 min read

Anger, suspicion prevail as Sri Lanka Catholics mark fifth year of Easter attack

Catholic leaders strongly express their disappointment over Easter Sunday attack

Shihar Aneez

6 min read

Sri Lanka single borrower limits cut to 25-pct of bank capital, SOEs also included

Banks will have to limit exposures to 25 percent starting from January 2026

3 min read

Iran President to open Sri Lanka $514mn irrigation, hydro power project

Project designed and built by Iran's Farab engineering group

2 min read

Sri Lanka state oligopoly allowed to import some black gram

STC, Food Promotion Board and Hadabima Authority allowed to import some black gram

1 min read

Sri Lanka Foreign Ministry consular division shifted to Battaramulla

Urgent applications to be submitted by April 26 due to closure

1 min read

Sri Lanka exceeds tax revenue target by 6% in first quarter

State Minister believes the 2024 revenue target is achievable

2 min read

Sri Lanka rupee closes stronger at 300.50/301.00 to US dollar

The rupee closed at 302.00/50 to the US dollar on Friday amid moral suasion

1 min read

Air Asia, SriLanka's FITS, Hayleys bid for SriLankan Airlines

Six parties bid for SriLankan stake

1 min read

Sri Lanka stocks up on financials, retail buying

Foreigners bought a net of 44 million worth shares

1 min read

Anti-Indian leader gets over two-third majority in Maldives parliamentary polls

Muizzu's "India out" camoaign worked successfully, analysts say

2 min read

India’s ITC to launch over $300 mln worth Sri Lankan property this week

ITC Ratnadipa started construction in 2014 and faced several delays

2 min read

Sri Lanka president to contest election under independent party symbol: UNP

"If the SLPP contests, their symbol will be there on the ballot paper," he said.

2 min read

Sri Lanka rupee quoted in spot-next dollar market after pressure

Bond market flat

3 min read

Sri Lanka Freedom Party has had to import acting chairman: Dayasiri

Speaking at an event, Jayasekara lamented the state of the once-powerful party.

2 min read

Ramayana trail will be game changer for Sri Lanka tourism: Indian envoy

More Indians are interested in visiting Hindu and Buddhist temples in Sri Lanka: Jha

3 min read

US, Sri Lanka navies to conduct CARAT 2024 exercise in Trincomalee

"CARAT Sri Lanka will feature the expertise of the US Fleet Anti-Terrorism Security Team (FAST)."

3 min read

Sri Lanka expects to finish Adani wind power price talks by May

May be by May we hope to conclude the negotiations

Apsara Rodrigo

2 min read

IMF official: Sri Lanka’s road ahead is challenging, critical to keep up with reform momentum

Sri Lanka has implemented a raft of hard reforms under IMF programme

2 min read