Business $ 1 b Colombo financial city to kick off in Oct.
Minister Ranawaka says international financial city to be inaugurated on 18 Oct. Govt. approval given for MoU with CHEC for building complex CIFC to be located…
Business News
Business 
Business U.S. Embassy Partners with Matara Chamber of Industry and Commerce to Launch American Corner
The U.S. Embassy signed a Memorandum of Understanding on August 30 with the Matara Chamber of Industry and Commerce to open a new American Corner in Matara.…
Business Family stealing from supermarket caught on CCTV
https://youtu.be/CHX6hH6YGdQ?t=5 A family has been caught on CCTV camera when were stealing from a supermarket in Parakaduwa-Eheliyagoda area. A family of…
Business Over Rs. 5.5 b losses incurred by Mahapola Trust Fund
The two fund management companies set up to handle Mahapola Higher Education Trust Fund are to be liquidated after incurring losses of over Rs. 2.5 billion…
Business Crypto-currency a serious threat to CBSL: Former Deputy Governor
The proliferation of crypto-currencies poses a serious threat to the Central Bank of Sri Lanka (CBSL), warned former CBSL Deputy Governor W. A. Wijewardena,…
Business Taxes for local creative work should be limited – Cardinal Malcolm Ranjith
Rev. Cardinal Malcolm Ranjith, Archbishop of Colombo, states that taxation should be limited on local artworks. He points out that it is the responsibility of…
Business Lanka’s ICT exports surpasses US$ 1bn
Sri Lanka’s Digital Literacy has reached 39% and ICT exports have surpassed USS 1 billion making ICT the 5th largest foreign exchange revenue earner. The ICT…
Business Hayleys 1Q19 revenue tops Rs. 50 billion
Hayleys PLC, generated strong top-line performance across all of its key business verticals resulting in a 74% Year-on-Year (YoY) increase in revenue up to Rs.…
Business SriLankan Airline decisions on shares of SriLankan Catering defy any sense
SriLankan Airlines officials had not done an evaluation of share value before it bought back 40 mn of SriLankan Catering shares, at Rs. 100 reach, at a cost of…
Business WHY TAXES ON SMALLER CARS WERE HIKED?
Mega rise in vehicle imports in first five months of 2018 Hard on the heels of the successful slamming of the brakes when tackling the sharp acceleration of…
Business Duty reduction for cars if Sri Lanka's trade balance improves
The government is considering duty reductions for small hybrid cars as well as mid-size sedans after the country’s trade balance and foreign reserves improve…
Business SLT Group ups 1H profits by 13.5% to Rs. 2.8 b; revenue up 5.5% to Rs. 39.4 b
The Sri Lanka Telecom (SLT) Group has continued its growth momentum across all key business areas including Fixed, Mobile, Broadband, Enterprise Solutions,…
Business 189 young entrepreneurs to get Enterprise Sri Lanka loans
The ‘Thurunudiriya’ loan scheme was launched by the Bank of Ceylon with the assistance of the Policy Development Office of the Prime Minister’s Office with the…
Business Old American warship, relocation of camps, etc. to cost Rs. 27 bn more
The government yesterday submitted a supplementary estimate of more than 27 billion rupees for the approval of parliament to cover its expenses exceeding the…
Business De La Rue injects further Rs 2B in FDI
De La Rue, the leading global identity and currency printing business first entered into a Joint Venture (JV) with the Government of Sri Lanka (GoSL) 32 years…
Business Hilton Colombo leagues ahead of others
2017 revenue crosses Rs. 3 b mark, gross profit up 23% Chairman optimistic recent measures by Govt. to put the national economy back on growth trajectory will…
Business Import duty on vehicles below 1000cc increased
The import duty on vehicles which are less than 1000cc has been increased with effect from today (August 1), the Finance Ministry said. Accordingly the import…
Business Emirates shares of UL were transferred to State entities without Cabinet nod: Official
Shared held by Emirates in SriLankan Airlines worth $ 53 million were transferred to People’s Bank, National Savings Bank (NSB), and the Employees Provident…
Business Advanced automated taxation system - a South Korean example
Framework for future CMC tax administration. Sri Lankan and South Korean officials have finalized policy recommendations and a framework to develop the future…
Business SOE debt Rs 1.4 T - IMF
The outstanding debt of State-owned Enterprises (SOEs) last year stood at 10.8 per cent of the gross domestic product (GDP), the International Monetary Fund…
Business ‘Lanka among top five fastest growing tourism markets’
GlobalData has ranked Sri Lanka as the fourth fastest growing tourism market in the world. Iceland, Japan, Hungary, Sri Lanka and Chile have been listed as the…
Business 'Will not tolerate indiscipline
After Sri Lanka opener Danushka Gunathilaka given a six-match suspension for misconduct by breaching the player Code of Conduct, Sri Lanka skipper Angelo…
Business Atchuvely Industrial Estate second phase with Rs. 100 mn investment
The second phase of Atchuvely Industrial Estate Development Project in Jaffna is now being implemented. Minister Industry and Commerce Minister Rishad…
Business Euro Four standard regulations expected to negatively impact Indian vehicle imports
The government's new regulations on Euro Four standard motor vehicles will limit the number of Indian vehicle imports into Sri Lanka. This is because most…