Tourism industry urges govt. to re-evaluate costly airfare structure
Says re-evaluation of airfares could attract more European tourists Sri Lanka doesn’t have direct flights to any European city except for Lon...
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ASEAN seeks conclusion of China-led trade deal this year: Thai PM
BANGKOK (AFP) - Southeast Asian leaders are eager to sign a sweeping China-led trade pact by the end of this year, Thailand’s Prime Minister said ye...
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FinMin signs Statements of Corporate Intent with 8 SOEs
From left: Finance Ministry Secretary Dr. R.H.S. Samaratunga, Finance Minister Mangala Samaraweera and Mahaweli Development and Environment State Mini...
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Internet users reluctant to use e-commerce despite high awareness: survey
AfterAccess survey report Lead researcher and LIRNEasia CEO Helani Galpaya presents a copy of the report to Digital Infrastructure and Information Tec...
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Expecting the unexpected: A business viewpoint
The Easter day bombings in Sri Lanka created a sense of deep fear among the citizens; it still prevails even one month after the incidents. Even in th...
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SL exports to South Asia Sub regional Economic Cooperation up by 8%
The share of Sri Lanka’s total exports to the South Asia Sub regional Economic Cooperation (SASEC) countries increased from 6% to 8% within a period...
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Measures to rebuild tourism industry
Sri Lanka’s tourism industry will take several measures to rebuild the industry which got severely affected after several blasts went off across the...
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Measures to rebuild tourism industry
Sri Lanka’s tourism industry will take several measures to rebuild the industry which got severely affected after several blasts went off across the...
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Easter Sunday attacks on hotels, places of worship Five Star Hotels to recommence business soon
Shangri- La Hotel Colombo and Kingsbury Hotel Colombo said that they will be back to business soon despite Easter Sunday terror attacks. The third hot...
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FM shares Lanka’s growth experience at UN ECOSOC
Finance Minister Mangala Samaraweera participating in the UN Economic and Social Council (ECOSOC) Forum’s Ministerial Financial Dialogue Panel Discu...
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IFC helps CBSL launch Roadmap for Sustainable Finance
Dr. Nandalal Weerasinghe, Senior Deputy Governor, Central Bank of Sri Lanka launching the Roadmap at the Sustainable Banking Network Global Meeting of...
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Central Bank launches Roadmap for Sustainable Finance in Sri Lanka
The Central Bank of Sri Lanka launched the Roadmap for Sustainable Finance in Sri Lanka on April 10, 2019 at the Sustainable Banking Network Global Me...
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Asian markets mostly up as China, US hail trade talk’s progress
While the news was once again upbeat, Asian markets were unable to press ahead with the rally that has characterised the past two weeks ...
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Softlogic 3Q hit by weak retail sales, currency depreciation and import restrictions
Softlogic Holdings PLC recorded a net loss of Rs. 346.6 million for the quarter ended December 31, 2019 (3Q19) from a profit of Rs.77 million in the y...
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Customs TU action cripples Colombo business
Food importers and wholesalers shut their shops in the capital city yesterday, demanding the government to resolve trade union action by Customs offic...
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No more excuses! ecommerce is a do or die for Lankan businesses” - Dulith Herath
Sri Lanka’s e-com pioneer Dulith Herath says in exclusive interview discussing how his network of online retail facilitators, from ‘Kapruka’ to...
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Rupee falls on importer dollar demand; stocks post 8-week closing low
(Colombo) REUTERS: Sri Lanka’s rupee closed weaker yesterday due to dollar demand from importers, while stocks fell to an eight-week closing low ami...
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China looking to set up FTZ in Sri Lanka for rubber exports
Plantation Industries Minister Navin Dissanayake in discussion with the Chinese delegation High-powered Chinese delegation in Colombo Nav...
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Second biggest hotel is family member’s investment
The construction work on the second biggest hotel in the Southern province is proceeding apace, they say. This 200-room- hotel coming up on a...
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Cigarette smuggling costs Sri Lanka Rs.18bn in tax revenue in 2017
The government may have lost Rs.18 billion in cigarette tax revenue as a record 583 million illicit cigarettes were estimated to have smuggled into Sr...
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Financial sector regulators sign MoU for consolidated risk-based supervision
Central Bank Governor Dr. Indrajit Coomaraswamy and representatives of the three regulators, viz, Central Bank Deputy Governor H.A. Karunaratne, SEC D...
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Trade deficit soars on higher vehicle, fuel imports
October trade deficit up to US $ 903mn from US $ 752mn YoY Cumulative trade deficit in 10 months at US $. 8.8bn from US $ 7.6bn Oct. imports up...
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