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EconomyNext 1 month ago
Sri Lanka records surplus in budget current account after 38-years : analysis

The current account surplus allowed a part of the capex to be financed with taxes for the first time…

Sri Lanka’s Janashakthi Group to raise Rs5bn in IPO
EconomyNext 1 month ago
Sri Lanka’s Janashakthi Group to raise Rs5bn in IPO

500 million ordinary shares, a 21.74 percent stake of the company, will be offered at 10 rupees each…

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EconomyNext 1 month ago
Sri Lanka asks residents to iron clothes, charge electronics during daylight hours

Asks people to turn off fridges from 6 pm to 10 pm

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EconomyNext 1 month ago
Sri Lanka stocks close up on retail investor interest

Bigger players in the market haven’t jumped back in yet, owing to the highly volatile conditions,

LankaPay, Weixin Pay join to boost digital payments for Chinese tourists
EconomyNext 1 month ago
LankaPay, Weixin Pay join to boost digital payments for Chinese tourists

Scan, pay, stay: WeChat app is rewriting Sri Lanka’s tourism playbook

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EconomyNext 1 month ago
Maga gets Rs2.16bn contract to upgrade Sri Lanka’s Fort Railway Station

Includes the construction of new bridges, ticket counters and a service building

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EconomyNext 1 month ago
Sri Lanka appoints committee to develop energy economy

Yet another committee with the same set of experts

NDB raises LKR16bn in Sri Lanka’s largest GSS+ bond issue
EconomyNext 1 month ago
NDB raises LKR16bn in Sri Lanka’s largest GSS+ bond issue

Demand saw the issue being oversubscribed within the same day

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EconomyNext 1 month ago
Sri Lanka stocks trend up after Trump announcement

Market turnover was 1.53 billion rupees.

Building hotels at Maldivian prices and selling at Phuket rates in Sri Lanka
EconomyNext 1 month ago
Building hotels at Maldivian prices and selling at Phuket rates in Sri Lanka

The visitor numbers obscure how serious this is.

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EconomyNext 1 month ago
Sri Lanka rupee continues to depreciate, bond yields recover slightly

Stocks were trending up

Sri Lanka raises bus fares 12.19-pct after fuel price hike
EconomyNext 1 month ago
Sri Lanka raises bus fares 12.19-pct after fuel price hike

Sri Lanka raised fuel prices on three occasions this month; on the 1st, 9th and 21st