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Sri Lanka hikes fuel prices after assurances of adequate stocks
EconomyNext 5 months ago
Sri Lanka hikes fuel prices after assurances of adequate stocks

Sri Lanka officials had said petrol and diesel stocks were adequate, before global oil prices surged…

Sri Lanka rupee weaker, bond yields close up on energy price rise
EconomyNext 5 months ago
Sri Lanka rupee weaker, bond yields close up on energy price rise

Bond yields closed up following the global energy prices increase.

SriLankan Airlines resumes flights to Dubai, Riyadh
EconomyNext 5 months ago
SriLankan Airlines resumes flights to Dubai, Riyadh

Resuming daily services to Riyadh on Monday night and Dubai on Tuesday

Sri Lanka’s stocks plummet, ASPI drops below 22,000
EconomyNext 5 months ago
Sri Lanka’s stocks plummet, ASPI drops below 22,000

The ASPI has dropped more than 2,000 points since hitting the 24,000 mark during intra-day trading o…

Six new companies take over operations of Sri Lanka’s power utility
EconomyNext 5 months ago
Six new companies take over operations of Sri Lanka’s power utility

Debenture liability has been assigned to Electricity Distribution Lanka (Pvt) Limited

Sri Lanka has ‘space’ to absorb oil shocks, central bank governor says
EconomyNext 5 months ago
Sri Lanka has ‘space’ to absorb oil shocks, central bank governor says

Was speaking to Bloomberg before oil prices surged past 115 dollars a barrel

Global oil prices surge 25-pct on Iran war
EconomyNext 5 months ago
Global oil prices surge 25-pct on Iran war

Sri Lanka has yet to buy at new prices

Iran conflict raises new credit risks for emerging market sovereigns: Fitch
EconomyNext 5 months ago
Iran conflict raises new credit risks for emerging market sovereigns: Fitch

Vulnerabilities to higher import costs will be most acute in markets with already stretched financin…

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EconomyNext 5 months ago
Sri Lanka stocks fall 3.28-pct as oil tops $100 a barrel

Market turnover was 1.97 billion rupees.

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EconomyNext 5 months ago
Sri Lanka rupee depreciates, bond yields open higher as global oil price spikes

In a knee jerk reaction to oil prices hiking over 20 percent and exceeding 100 dollars a barrel

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EconomyNext 5 months ago
Sri Lanka Customs outperforms in February; exceeds revenue goal by 28-pct

It has achieved 21.5-pct of 2026 target in first 62 days

Sri Lanka to merge industrial agencies into new ‘Innovation Authority’: Minister
EconomyNext 5 months ago
Sri Lanka to merge industrial agencies into new ‘Innovation Authority’: Minister

New authority will absorb the Industrial Development Board (IDB), the National Enterprise Developmen…