Business Sri Lanka’s April exports flat, car imports help widen trade gap
Sri Lanka’s trade deficit widened in April 2018 from a year ago as export earnings growth was flat while imports rose sharply driven by a big rise in imports…
Business News
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Business Sri Lanka preparing to host largest travel trade show
To attract Top 200 global tourism operators to the country Sri Lanka Tourism Promotion Bureau (SLTPB) signs as the Official Partner of TTSL;First travel…
Business Importers appeal for swifter Customs law
Importers say effortto enact new Customs law not proceeding as fast as expected Hope authorities will expedite process, promote paperless trade Praise steady…
Business Sujeewa urges incentive payments for Import & Export Dept.
Imports and Exports Controller General Damayanthi Karunarathna accepting her appointment from International Trade State Minister Sujeewa Senasinghe New…
Business SLPA posts Rs 13.2bn profit in 2017, becomes 13th best port
Sri Lanka Ports Authority (SLPA) during the corresponding period of 2017 had earned a record net profit of Rs. 13.2 billion and became the 13th best connected…
Business SriLankan hires new COO/CFO
SriLankan Airlines, which is going through a restructuring exercise aimed at reducing debt and preparing a business plan that would be attractive to new…
Business CPC re-enters local bitumen market
Recognising the rapid growth in the local construction industry and increased demand for bitumen, the Ceylon Petroleum Corporation (CPC) yesterday re-ventured…
Business Trump threatens tariffs on additional $200bn in Chinese imports
US President Donald Trump has threatened to levy a 10% tariff on $200bn (£151bn) of Chinese goods in a tit-for-tat trade row with Beijing. “China apparently…
Business Big gains for Sri Lanka from faster trade transport times: ADB
South Asian countries like Sri Lanka could make significant economic gains by improving international transport times, according to a new study by the Asian…
Business Sri Lanka rupee hovers near 160 to the dollar
Sri Lanka’s rupee closed at 159.95/95 against the spot US dollar Monday, near the psychological 160 to the US dollar mark, after opening around 159.55/85…
Business Auditor General says SL Debt to GDP Ratio for 2017 is 81.0% and not 77.6%
Former Governor the Central Bank of Sri Lanka * By the end of 2017, according to the Central Bank Annual Report 2017, Government’s Debt Stock increased to…
Business Tourism targets US$ 4 bn revenue
Sri Lanka to attract 2.5 mn arrivals for 2018 Sri Lanka Tourism is aiming for all time record revenue of US$ 4 billion from the industry for 2018, said…
Business How To Sell A Bus On Facebook And Other Stories.
What does a Toyota Coaster bus, a rabana and Facebook have in common? Nothing at all, you might say, but this group of talented go-getters managed to take…
Business CB Chief cracks whip to discipline forex market
Central Bank Governor Dr. Indrajit Coomaraswamy yesterday gave assurances of a well-managed rupee, insisting the monetary authority would block unwarranted…
Business Disclose tax reducing formula
Rajapaksa held a record by increasing Lanka’s debt burden thrice over Treasury lacked development funds in 2015 Govt. to invite foreign investment, increase…
Business SL's non-financial assets at Rs.814B
The Ministry of Finance says the total worth of nonmonetary assets in the government amounts to 814 billion rupees. Issuing a statement the Finance Ministry…
Business Sri Lanka road buses lose more passengers after fare hike: operator association
Sri Lanka's state regulated buses are losing more passengers to other modes of transport after a 12.5 percent fare hike demanded by a section of bus owners was…
Business New regulations for microfinance: Mangala
New regulations to be published on 22 June Govt. to absorb interest of microfinance loans below Rs. 150, 000 as relief measure Minister slams errant…
Business ‘More Qatar investors eye Sri Lanka’
Doha Bank Group opens Colombo office. Sri Lanka’s economy is stable and many investor’s are keen on starting businesses in Sri Lanka, Doha Bank Group CEO, R.…
Business HNB arranges Rs 5.4B to fund new multi-storey ODEL Mall
HNB announced a breakthrough partnership with popular retail department store, Odel to lead the syndication of a Rs 5.4 billion loan to fuel the expansion of…
Business HNB syndicates Rs.9 billion loan for waste-to-energy plant
* First of its kind in Sri Lanka * BOC, DFCC and People’s Bank join as co-lenders Hatton National Bank has syndicated a nine billion rupee loan for Western…
Business Monetary Law to be amended to suit inflation targeting
Amendments to the Monetary Law Act (MLA) is to be present to Parliament next year to suit the Flexible Inflation Targeting (FIT) frame-work with the aim of…
Business SL seeks $500 mn apparel trade deal with India
Sri Lanka is hoping to convince India to remove the existing quota system for the apparel industry and instead requesting a US$500 million worth trade deal.…
Business Lankan banks sit on Rs.19bn capital hole as sector braces for BASEL III
The Sri Lankan banks satisfy many of the key matrices such as growth, profits, efficiency and asset quality against most regional peers but the sector is in…