Business Samurdhi Bank to come under CBSL
Prime Minister Ranil Wickremesinghe yesterday announced that the Samurdhi Community Bank would be brought under purview of the Finance Ministry and the Central…
Business News
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Business 
Business Transparency improves in SL’s budget implementation process
The government has made significant progress in disclosing the status of implementation of promises in the budget 2017 in the last six months of 2017 and…
Business Sri Lanka rupee plunges to new historic lows after liquidity injections
Sri Lanka's rupee hit a low of 156.50 to the US dollar in intra-day trading Wednesday down from 155.70/80 last week, after the central bank cut rates and…
Business Sri Lanka car registrations up in March, Wagon-R leads
Sri Lanka's vehicle purchases rose 6.5 percent in March 2018 from a year earlier, with car registration up 107 percent to 5,968 units with Suzuki Wagon-R…
Business Global recognition for SL’s dry zone Cascaded Tank-Village System
Included among 14 new sites in eight countries to be designated globally important agricultural heritage systems by Food and Agriculture Organization of the…
Business Sri Lanka economy to rebound, delaying reforms pose risks: World Bank
The World Bank says Sri Lanka's economy will rebound in 2018 with annual growth averaging 4.5 percent in the medium term, driven by private consumption and…
Business Absence of termination clauses, ill-effects highlighted
Professionals oppose SL-Singapore free trade pact The recently signed Sri Lanka-Singapore Free Trade Agreement (SLSFTA) is a smokescreen for introducing…
Business Do you have 25% stake in a company? Then be ready for a visit by CID
If you are a director or a shareholder having 25 percent or more shares in a company, it won’t be too long before an officer from the Criminal Investigation…
Business Govt. ready to launch Trade Information Portal in May
80% of work completed with support of 55 agencies DoC DG raises concerns over delays in implementing commitments under TFA Customs DG says implementation of…
Business Consumer authority to nab errant traders
Sri Lanka's Consumer Affairs Authority (CAA) has taken measures to carry out special raids to nab errant traders throughout the country during the upcoming New…
Business FinMin puts bunching debt figure at US $ 15bn between 2019 and 2022
The headroom to tackle Sri Lanka’s worsening public debt situation appears to be disappearing as the government estimates a whopping US $ 15 billion in foreign…
Business Tourism earnings up 13.8% Jan-Feb Records US$ 880 million
Tourism earnings during the first two months of this year, as well as in the month of February this year reflected almost the same growth trend in arrivals to…
Business Bank of Ceylon soars higher in 2017
The Bank of Ceylon has ended 2017 with another spearheading record of Rs. 30.3 billion Profit Before Tax (PBT), its highest-ever PBT. The Bank has recorded an…
Business New Zealand business delegation in Colombo to deepen trade ties
A New Zealand business delegation representing 13 innovative companies arrives in Colombo today on a 3-day visit to boost forging business and trade links with…
Business Slovakia’s auto industry calls for Sri Lankan rubber
The Sri Lankan rubber sector is set to expand as Slovakia, the global leader in car production, has called for the sourcing of Sri Lankan rubber and rubber…
Business 100-man contingent delayed pending HRCSL clearance
SLA deployment in Lebanon under UN command: The deployment of 101 member Sri Lankan Army contingent in Lebanon under UN command has been delayed pending…
Business Vehicle registrations rebound following duty cuts
Sri Lanka’s vehicle registrations in January this year recorded a rebound compared to December 2017 specifically in the small car segment, motor cycles and…
Business NEW TAX SYSTEM TO CHANGE INVESTMENT LANDSCAPE
Experts commend efforts to simplify and rationalize system Carves a clear strategic direction Broad-bases the tax payer under-structure The new Inland Revenue…
Business Capital market worried over stalemate at SEC
Chairman and Commissioners re-appointed for 6 months but SEC Act specifies appointments must be for full 3-year term Confusion leads to Commission members…
Business Sri Lanka national inflation slows to 3.2-pct in February
Inflation in Sri Lanka, as measured by the National Consumer Price Index (NCPI) slowed to 3.2 percent in February 2018 from 5.4 percent in January, on a…
Business Listing large companies a must - CSE
Financial freedom must be given to State owned large enterprises to reach out to capital markets for their funding requirements, said Colombo Stock Exchange…
Business Landmark ‘The One’ development to cost over $ 500 m investment to redefine urban regeneration in Col
Construction of ‘The One’ commenced in September 2017 and Phase 1 due to be completed in December 2021 Mega project includes two luxury hotels with 473 rooms,…