Business Singapore and Sri Lanka sign free trade agreement
Singapore and Sri Lanka signed a free trade agreement on Tuesday (Jan 23) which will deepen economic ties and facilitates greater trade flows between the two…
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Business Audits reveal serious discrepancies in NOCSL finances
There were serious financial, operational and management discrepancies in the National Olympic Committee of Sri Lanka between 2010 and 2012, reports from the…
Business Hela Clothing ships one millionth garment from Ethiopia
Sri Lanka’s Hela Clothing, recently produced and shipped their one millionth garment from their factory in Ethiopia. A feat made more impressive considering…
Business ‘One belt, one road, green light for FDI’
Forbes listed young billionaire of mainland China, Cai Xiaoru, gave thumbs up for Sri Lanka and said that Sri Lanka remains a good destination for investment.…
Business Central Expressway will create vibrant economy- PM
The Central Expressway which will connect two airports, two ports, industrial zones, tourism zones and main cities, will create a new economy in the country,…
Business Sri Lanka expects US$4.7bn from apparel exports in 2017
Sri Lanka’s total apparel exports for 2017 are expected to be around US$4.7 billion with earnings to November having exceeded that of 2016, Minister of…
Business Sri Lanka worst in Moody’s Asia Pacific ratings
Global credit rating giant Moody's Investors Service says that of the 24 sovereigns that they rate in Asia Pacific, only Sri Lanka has a negative outlook as of…
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 World Bank wants pro-poor reforms in SL
Sri Lanka's social protection measures must be properly designed and better targeted to support the poor, said the World Bank group's senior country economist…
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…