Monday November 3, 2025 4:57 pm
Monday November 3, 2025 4:57 pm
ECONOMYNEXT – Sri Lanka’s rupee closed at 304.45/55 to the US dollar in the spot market Monday from 304.35/45 the previous day, dealers said, while bond yields closed down.
A bond maturing on 15.12.2026 closed at 8.05/15 percent, down from 8.15/20 percent.
A bond maturing on 15.09.2027 closed at 8.70/80, down from 8.75/80 percent.
A bond maturing on 01.07.2028 closed at 9.07/12 percent, down from 9.12/17 percent.
A bond maturing on 15.12.2029 closed at 9.55/58 percent.
A bond maturing on 01.07.2030 closed at 9.70/73 percent.
A bond maturing on 15.12.2032 closed at 10.40/48 percent up from 10.42/50 percent.
A bond maturing on 01.11.2033 closed at 10.55/62 percent from 10.56/62 percent. (Colombo/Nov3/2025)
Monday November 3, 2025 5:30 pm
Monday November 3, 2025 5:30 pm
ECONOMYNEXT – State-run SriLankan Airlines group has lost 10.7 billion rupees in the three months to June 2025, down from 12.9 billion rupees last year but operating losses had widened, despite improvement in traffic, a Finance Ministry report said.
SriLankan had posted revenues of 51.7 billion rupees, up 1.5 billion rupees in the June quarter, helped by high higher traffic volumes and a big improvement in load factor to 82.3 percent a from 74.8 last year.
The airline had carried more than one million passengers across 3,217 flights during the quarter, with traffic growing 23 percent, the report said.
But cargo revenue had declined 13 percent to 7.1 billion rupees, and other revenues had also fallen, bringing net traffic revenues to 62.7 billion rupees, down from 63.8 billion rupees last year.
As a result, operating losses had increased to 5.2 billion rupees in the June 2025 quarter from 3.5 billion rupees last year.
However, Sri Lankan Catering had posted profits, helping boosts group operating profits.
With finance costs of 6.4 billion rupees and exchange losses of 4.9 billion rupees and penalties there was a group net loss of 10.7 billion rupees in the three months.
SriLankan had assets of 191.5 billion rupees, including aircraft-related rights-of-use assets and liabilities of 606.7 billion rupees.
Accumulated losses were 628.3 billion rupees, leading a 415.2 billion rupee hole it its balance sheet.
SriLankan Airlines’ board has approved a business plan starting from 2025/26, the report said.
SriLankan has had several plans under full state ownership since Emirates exited as its managing shareholders, but losses and debts have continued to mount despite frequent capital injections from tax payer money. (Colombo/Nov02/2025)
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Monday November 3, 2025 4:32 pm
Monday November 3, 2025 4:32 pm
ECONOMYNEXT – Sri Lanka’s tourist arrivals increased 21.5 percent from a year ago to 165,193 in October 2025, data from the island’s tourism promotion office showed.
There were 48,113 visitors from India in September, making up 29.1 percent of total arrivals, followed by the UK with 12,934 which made up 7.8 percent of arrivals.
There were 11,496 visitors (7%) from Russia, 10,864 from China (6.6%), and 9,753 from Germany (5.9%).
Total foreign visitors for this year are 1,890,687.
Sri Lanka has aimed for 3 million tourist arrivals and USD 5 billion revenue for this year.
Tourism stakeholders say the government is likely to miss both 2025 arrivals and revenue targets. (Colombo/Nov3/2025)
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Monday November 3, 2025 3:59 pm
Monday November 3, 2025 3:59 pm
ECONOMYNEXT – The Colombo Stock Exchange (CSE) closed 0.54 percent higher on Monday, CSE data showed.
The broader ASPI rose 123.47 points to end at 22,928.31; while the more liquid S&P SL20 moved 0.62 percent, or 38.49 points to close up at 6,252.40.
Top contributors to the ASPI were Senkadagala Finance Company (up 169.75 rupees at 849.00), Bukit Darah (up 108.00 rupees at 1,136.75), John Keells Holdings (up 0.30 rupees at 21.40), Commercial Bank (up 2.25 rupees at 207.25) and Dialog Axiata (up 0.80 rupees at 29.80).
Market turnover marginally rose from 5.6 billion rupees to 5.7 billion while share volume was 158,115,382.
In the region, stock markets ended positively.
South Korea’s Kospi index rose 2.8 percent to 4,221.87 on Monday securing a “yet another record close,” AP news said.
Hong Kong’s Hang Seng gained 1.1 percent to 26,183.60, while China’s Shanghai Composite index rose 0.5 percent to 3,973.10.
Pakistan’s KSE 100 index was trading 0.91 percent higher at 163,105.89. KSE All Share Price Index was 0.72 percent stronger at 98,961.10.
Meanwhile, India’s Nifty 50 index moved 0.16 percent up to close at 25,763.35, while the BSE Sensex moved 0.047 percent up to 83,978.49.
As at 3.30 pm Sri Lankan time, spot gold was trading at 4,013.70 US dollars, up 5.23 US dollars. (Colombo/Oct30/2025)
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