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Foreigners sell US$14.6mn worth Sri Lanka rupee bonds amid depreciation pressure
EconomyNext 5 months ago
Foreigners sell US$14.6mn worth Sri Lanka rupee bonds amid depreciation pressure

Sri Lanka has seen over US$56 mn worth net inflows into rupee bonds this year

Sri Lanka switches back to restrict fuel with QR system
EconomyNext 5 months ago
Sri Lanka switches back to restrict fuel with QR system

The government accuse some groups illegally purchasing excess fuel illegally

Olympic committee of Sri Lanka, Carnage partner to boost athletes
EconomyNext 5 months ago
Olympic committee of Sri Lanka, Carnage partner to boost athletes

Carnage will design, develop, and supply specialised apparel for multiple disciplines, including com…

Sri Lanka February tourism revenue down 4.3 pct
EconomyNext 5 months ago
Sri Lanka February tourism revenue down 4.3 pct

Monthly tourism earnings have edged down in six out of the last eight months after change in per day…

AI-related risks rising for software, media, and services corporates: Fitch Ratings
EconomyNext 5 months ago
AI-related risks rising for software, media, and services corporates: Fitch Ratings

Asset-light businesses where value is driven by intangibles such as software, IP, brands and human c…

Sri Lanka explores Russian fuel purchase after U.S. lifts sanctions
EconomyNext 5 months ago
Sri Lanka explores Russian fuel purchase after U.S. lifts sanctions

Sri Lanka was also hit by US sanctions on Iran in 2012

Mazagon Dock Shipbuilders acquires 51-pct stake in Colombo Dockyard
EconomyNext 5 months ago
Mazagon Dock Shipbuilders acquires 51-pct stake in Colombo Dockyard

The mandatory offer to buy shares at 40 rupees each expired on March 12

Sri Lanka stocks end the week down 1.34-pct
EconomyNext 5 months ago
Sri Lanka stocks end the week down 1.34-pct

4.5 percent weaker compared to the same day last week

Sri Lanka rupee weaker, bond yields broadly steady
EconomyNext 5 months ago
Sri Lanka rupee weaker, bond yields broadly steady

Dollar depreciated

Sri Lanka arrests former SL Airlines chief for second time over 2013 Airbus deal 
EconomyNext 5 months ago
Sri Lanka arrests former SL Airlines chief for second time over 2013 Airbus deal 

SriLankan's ex-CEO, his wife were first arrested in February 2020 after British Court documents

Colombo Fashion Week: Stitching fashion into Colombo’s economic fabric
EconomyNext 5 months ago
Colombo Fashion Week: Stitching fashion into Colombo’s economic fabric

The initiative aims to transform Colombo into a high-spending destination,

Sri Lanka stocks trend below 22,000, as brent futures cross $100
EconomyNext 5 months ago
Sri Lanka stocks trend below 22,000, as brent futures cross $100

Turnover was 2.78 billion rupees.