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Sri Lanka teachers withdraw from A/L paper marking again over unresolved payments

ECONOMYNEXT – Sri Lanka shares closed lower on Monday as selling pressure increased following lack of improvement and obscure direction on domestic debt restructuring and optimization, an analyst said. “The market is down on the lack of direction in domestic debt restructuring and debt optimization,” an analyst said. The main All Share Price Index (ASPI) […]


Sri Lanka to offer land for investors to build industrial zones

ECONOMYNEXT – Sri Lanka will offer land for private investors to build and operate industrial zones, Director General of the Board of Investment, Renuka Weerakone said.   “Going forward, policy makers have made the decision that we will offer lands to investors where they can set up PPP projects for zonal development, and the government […]


Sri Lanka to introduce artificial intelligence to school curriculum in 2024

ECONOMYNEXT – Tour operators in Sri Lanka are looking at new markets like Myanmar, Iran and other Southeast Asian and Middle Eastern countries as the island nation anticipates a boost in tourism in 2023. Deputy General Manager of Aitken Spence Niranjan Wickramasinghe told EconomyNext that the country is currently seeing large numbers of Russian and […]


Sri Lanka rupee closes at 296.00/297.50 to dollar , bond yields down

ECONOMYNEXT – Sri Lanka shares closed lower on Friday as selling pressure increased following the government’s decision to relax import restrictions imposed two years ago and for having obscure direction on domestic debt restructuring and optimization, an analyst said. “The market is down on the lack of direction in domestic debt restructuring and debt optimization,” […]


Sri Lanka coconut auction prices up 5.1-pct

ECONOMYNEXT – Fitch Ratings said it has assigned the National Long-Term Rating of Sri Lankan diversified conglomerate Hayleys Plc at ‘AAA(lka)’ with a stable outlook. “Fitch has also assigned a ‘AAA(lka)’ National Long-Term Rating to Hayleys’ senior unsecured debentures,” the rating agency said. The rating reflects Hayleys’ large operating scale locally as a result of […]


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