Business News
Business CA Sri Lanka scholarships for top three A/L commerce achievers
The top three achievers in the commerce stream at the 2017 GCE Advanced Level exam were recently awarded with scholarships from the Institute of Chartered…
Business CMPort pays second tranche of US$97.3 mn in H’tota Port investment
China Merchant Port Holdings (CMPort) made the payment of US$ 97.365 million to the Sri Lanka Ports Authority (SLPA) as the second tranche of its investment in…
Business Major investment to upgrade railway system
Sri Lanka is making a major investment in upgrading its railway system by importing new engines and wagons from Chinese and US companies, according to a top…
Business Kerawalapitiya-II delay could cause Rs 204 B loss
Sinister moves by the authorities to sabotage awarding the Kerawalapitiya-ii combined cycle power project to a local company could cause Rs 204 billion in…
Business SL coconut growers oppose coconut imports
Coconut growers are vehemently opposing the Government’s attempts to import fresh unhusked coconut, saying it would ruin coconut cultivation in Sri Lanka. The…
Business Sugar Killer Tea comes to Lankan market
Sugar Killer Tea, a sugar free, yet sugar-like-taste filled tea which is a hundred percent natural discovery from Sri Lanka has been introduced to the market…
Business IMF says economy normalising but reforms essential
Recommends fiscal consolidation and tightening monetary policy 2018 growth predicted at 4.6% below CB projections Further delays in SOE reform, bad weather and…
Business CEAT Kelani to invest Rs. 3 b in country’s tyre industry over next two years
Unveils master plan to set up new Truck Bus Radial tyre plant in Kelaniya Expands existing cutting-edge passenger car radial tyre plant Doubles production of…
Business Top Sovereign Wealth Funds in Sri Lanka to explore investment opportunities
Development Strategies and International Trade Minister Malik Samarawickrama yesterday opened the two-day Roundtable Investment Forum with Sovereign Wealth…
Business New laws to recover massive losses
Presidential statement on bond probe commission report. * PTL profits in secondary market exceed Rs.11 bn * Cases against Ravi over penthouse recommended…
Business EAP’s financial arms may be managed by Bank of Ceylon
The Central Bank of Sri Lanka (CBSL) has asked the Bank of Ceylon (BOC) to be the managing agent for the financial arms of the EAP Group–Edirisinghe Trust…