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LankaPay, Weixin Pay join to boost digital payments for Chinese tourists
EconomyNext 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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

Sri Lanka invited US-torpedoed IRIS Dena; no warning given, Iran envoy says
EconomyNext 3 months ago
Sri Lanka invited US-torpedoed IRIS Dena; no warning given, Iran envoy says

The U.S. attack killed 104 Iranians; Only 84 bodies found

Sri Lanka rupee continues depreciation, bond yields recover on Trump announcement
EconomyNext 3 months ago
Sri Lanka rupee continues depreciation, bond yields recover on Trump announcement

Signs of de-escalation as US President Doland Trump announced he was suspending Iran power plant att…

Sri Lanka above target primary budget surplus partly due to central bank ‘deflation’
EconomyNext 3 months ago
Sri Lanka above target primary budget surplus partly due to central bank ‘deflation’

The high nominal interest rate which is a function of monetary instability and destruction of domest…

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EconomyNext 3 months ago
Iran pledges fuel, essential goods if Sri Lanka requests: Envoy

Sri Lanka grapples due to fuel shortage, global price hike amid Middle East war