News
Sri Lankans advised to economize fuel use further
2+ hour, 13+ min ago (1785+ words) Monday May 18, 2026 3: 54 pm ECONOMYNEXT "Sri Lanka's Deputy Finance Minister Anil Jayantha has urged the public to cut fuel consumption amid higher oil imports have put depreciation pressure on the rupee currency despite fuel rationing in place. The island nation has…...
Sri Lanka to see current account deficit in 2026 for first time in 4 years: CB
7+ hour, 43+ min ago (1805+ words) Monday May 18, 2026 10: 00 am ECONOMYNEXT " Sri Lanka is likely to see a current account deficit this year, bucking the trend for the first time in four years, due to higher dollar outflows than inflows amid expensive global oil prices, a top…...
No spot quote for Sri Lanka rupee; bond yields edge up
8+ hour, 8+ min ago (1794+ words) Monday May 18, 2026 9: 57 am ECONOMYNEXT " There was no spot quote for Sri Lanka's rupee early Monday, while bond yields edged up slightly, dealers said. The telegraphic transfer rates for the American dollar were 326. 5000 buying, 333. 5000 selling; the British pound was 433. 4209 buying, and…...
Sri Lanka CB chief explains reason behind recent rupee fall
10+ hour, 53+ min ago (1799+ words) Monday May 18, 2026 7: 00 am ECONOMYNEXT " Sri Lanka's Central Bank Governor pointed to increased imports, especially petroleum, coupled with slowing tourism revenue as the key reasons for depreciation. He said Sri Lanka's" oil import bill by the state-owned feul retailer Ceylon Petroleum…...
Sri Lanka's CPC paid two-third of 2025 oil bill in first 4 months: CB chief
8+ hour, 33+ min ago (1802+ words) Monday May 18, 2026 9: 30 am ECONOMYNEXT " Sri Lanka's" oil import bill by the state-owned fuel retailer has risen sharply in the first four months to two-thirds of what it spent for the whole of 2025, Central Bank Governor Nandalal Weerasinghe said. The Governor…...
Sri Lanka April tourism revenue nosedives 39 pct as ME crisis bites
1+ day, 2+ hour ago (1746+ words) Sunday May 17, 2026 3: 59 pm ECONOMYNEXT " Sri Lanka's foreign exchange revenue from tourism in April 2026 plunged 38. 8 percent from a year ago to US$157. 1 million, the central bank said, quoting tourism promotion authority data. This fall comes after a 37 percent slide in the…...
EXPLAINER " How to reverse the decline of Sri Lanka's Colombo Port
1+ day, 7+ hour ago (1736+ words) Sunday May 17, 2026 8: 00 am Indian Adani Port's CWIT unit is growing at a record pace, handling 1 million twenty-foot containers (TEUs) in just a year since commencing and with just eight quayside cranes, as civil works to complete the terminal continue. At…...
Sri Lankan says its employees in India misappropriated INR22mn
1+ day, 20+ hour ago (1740+ words) Saturday May 16, 2026 9: 43 pm ECONOMYNEXT " A few Indian nationals who worked at the finance department of Sri Lankan Airlines" Chennai office misappropriated 22 million Indian rupees after fraudulently altering invoices and signatures, the national carrier said on Saturday. It said the fraud…...
Sri Lankan Airlines denies any liability to UAE service provider after AED 974, 000 fraud
1+ day, 21+ hour ago (1838+ words) Saturday May 16, 2026 8: 57 pm ECONOMYNEXT " State-owned Sri Lankan Airlines has denied liability to a Dubai-based service provider who had not received payment after the national carrier deposited the payment to a different account following an email from the agent's official email,…...
Sri Lankan Airlines detects double financial fraud in Dubai, Chennai
1+ day, 23+ hour ago (1757+ words) Saturday May 16, 2026 6: 39 pm ECONOMYNEXT " State-owned carrier Sri Lankan Airlines has been hit by two financial frauds in the United Arab Emirates and South India due to hacking of an agent's email and forgery of documents, two sources and the Deputy…...