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EconomyNext is a news platform dedicated to delivering economic, financial, and political updates, primarily centered on Sri Lanka. It offers unbiased reporting, insightful analysis, and commentary on business, economic issues, and policies affecting both Sri Lanka and the global landscape.

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Foreigners buy US$8.3mn worth Sri Lanka rupee bonds last week

3 days ago | economynext.com | Shihar Aneez

ECONOMYNEXT – Foreign investors bought $8.28 million dollars worth Sri Lanka government securities in the week ended on May 29, Central Bank data showed. The buying comes for the second straight week following strong outflows in the week before that. The rupee has fallen slightly since Donald Trump’s tariff declaration while global investors have been shifting to safe-havens like gold.
SriLankan cancels last govt’s A330 deals; negotiates for 2 wide bodies: Chairman

3 days ago | economynext.com | Shihar Aneez

ECONOMYNEXT – State-owned SriLankan Airlines has cancelled the previous government’s cabinet decision to purchase four wide body A330 Airbus and the company is in the process of negotiating for two new wide body flights, its chairman Sarath Ganegoda said.
SriLankan chief says latest A330 under “favourable terms” from Carlyle

3 days ago | economynext.com | Shihar Aneez

ECONOMYNEXT – State-owned SriLankan Airlines was able to get favourable terms for its latest Airbus lease from French-based Carlyle Aviation Partners for an 8-year, its Chairman Sarath Ganegoda said. SriLankan added a new A330 Airbus to its fleet on Wednesday (04) expanding the total number to 23. “The engineering staff and the finance staff have done a fantastic job in getting very fanourable terms in acquiring this on a dry lease,” Ganegoda told reporters when asked about the terms of the lease.
New SriLankan Board “stalled” buying of 2 wide body aircrafts over fitness concerns

4 days ago | economynext.com | Shihar Aneez

ECONOMYNEXT – The General Sir John Kotelawala Defence University (KDU) will be made into an international military academy, Sri Lanka’s prime minister said, after the government announced that the state-sponsored defence university will cease allowing local non-cadet paying students from pursuing a medical degree there.
New A330 Airbus arrives in to boost SriLankan fleet

4 days ago | economynext.com | Shihar Aneez

ECONOMYNEXT – State-run SriLankan Airlines added an Airbus A330 in a spectacular manner to its existing 22-aircraft fleet aiming to expand the services. The aircraft, arriving on its delivery flight from Paris, flew at an altitude of 1,500 feet along the Colombo shoreline with an spectacular visibility from the southern end of Port City to Moratuwa, before returning to land at Bandaranaike International Airport (BIA).
Sri Lanka President vows to end corrupt shadow system, discrepancy in state sector

4 days ago | economynext.com | Shihar Aneez

ECONOMYNEXT – Facing public pressure to act over his anti-corruption promises, Sri Lanka President Anura Kumara Dissanayake vowed to end the corrupt shadow system that led to treating general public and underworld figures in different ways. Dissanayake’s ruling National People’s Power (NPP) promised to end corruption in the country if the party comes to power. However, analysts say the ruling party is struggling to fulfill its promises at the pace it pledged the public before the elections.
Sri Lanka leader frowns upon to have become ‘bad child’ of IMF

5 days ago | economynext.com | Shihar Aneez

ECONOMYNEXT – Sri Lanka President Anura Kumara Dissanayake criticised the past governance that led the island nation to become the bad child of the IMF and its policies being externally controlled. President Dissanayake stated this on Monday (02) while addressing the inaugural ceremony of the national programme titled “Tax Power’ to enhancing tax compliance and broadening the tax base in a move to create more awareness about why people should pay tax.
Sri Lanka’s CDS, Sampath sign MoU to improve foreigner onboarding

5 days ago | economynext.com | Shihar Aneez

ECONOMYNEXT – Sri Lanka main Colombo Stock Exchange (CSE)-owned Central Depository Systems (CDS) and listed lender Sampath Bank PLC signed a Memorandum of Understanding (MoU) to enhance the facilitation of Inward Investment Accounts (IIAs) for non-resident foreign individuals (FIs) in Sri Lanka, the bourse said. The CDS serves as the depository and custodian for securities traded on the CSE.
SriLankan expands fleet to 23 with another A330

5 days ago | economynext.com | Shihar Aneez

ECONOMYNEXT – State-run SriLankan Airlines will add an Airbus A330 this week to its existing 22-aircraft fleet with an aim to expand the services, a government source said. SriLankan Airlines currently has an all-Airbus fleet of 22 aircrafts which includes 9 A330 (long haul) and 13 A320/A321 aircraft (medium haul). The new aircraft will be added to the services from Wednesday, June 4, the source said.
Sri Lanka GN in hot water after accepting pen drive to sign document

1 week ago | economynext.com | Shihar Aneez

ECONOMYNEXT – Distilleries Company of Sri Lanka Plc, a bellwether alcohol firm that usually shows the collapse of demand and recovery as a bubble triggered by rate cuts end in a currency crisis, reported earnings of 4.49 billion rupees for the March 2025 quarter, up 19-pct from a year earlier. Revenues grew 31 percent to 36.7 billion rupees in March quarter and cost of sales grew 65 percent to 6.5 billion rupees or a gain of 8.84 billion rupees.