Pan Asia Bank surpasses 1 bn rupee after tax profit milestone for nine months
Pan Asia Banking Corporation PLC, one of the fastest growing Sri Lankan commercial banks, reported its best ever profit recorded for a nine month stre...
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Country’s economy on the brink of collapse: MP
The country’s economy was on the brink of collapse with the US Dollar exchange rate reaching Rs.180, Mahajana Eksath Peramuna (MEP) Leader Dinesh Gu...
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Hyatt and Hilton Hotels have attracted 88 enquiries so far from international investors'
The government has already received 88 enquiries for the Hyatt and Hilton Hotels from leading investors from all over the world following the public...
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Indian Ocean Economy becoming global growth pole
Prime Minister Ranil Wickremesinghe, highlighted the need to maintain Freedom of Navigation and Freedom of Digital Connectivity in the Indian Ocean fo...
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Sri Lanka leads South Asia in World Bank ‘human capital’ rankings
The World Bank Group unveiled a new system on Thursday to rank countries based on their success in developing human capital, an effort to prod gover...
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Sri Lanka entrepreneurs an economic force but severely wanting in B-Schooling
Despite playing a huge role in the country’s economy, Sri Lankan entrepreneurs and SMEs are struggling to advance their business capacities due to l...
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Palm Oil industry rejects vilification of crop as “baseless and unscientific”
The vilification of oil palm in Sri Lanka on the grounds of the crop’s purported adverse impact on the environment is completely unjustifiable, give...
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SL can double exports to South Asia: WB
Sri Lanka has the potential to more than double exports to South Asia, suggests a new World Bank report titled ‘A Glass Half Full: The Promise of Re...
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Sri Lanka July exports up 5.7-pct, tea, garments down
ECONOMYNEXT – Sri lanka’s earnings from merchandise exports surpassed a billion US dollars for the second consecutive month in July 2018, rising 5...
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Fresh push to woo UK investors to SL
CSE/SEC-organised ‘Invest Sri Lanka’ Forum in London today; in Edinburgh on Wednesday 13 Listed Companies to pitch for more foreign portf...
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Tourism earnings up 12.5% Jan-Aug
Tourism earnings during the first eight months as well as during the month of August this year reflected the same trend as arrivals to the country. Ac...
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Dr. De Silva pulls out from Investors’ Forum in London
State Minister of National Policies and Economic Affairs Dr Harsha de Silva has pulled out from speaking at an Investors’ Forum to be held in at the...
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MR blames free trade policies for rupee depreciation
Claims his government managed 2008 crisis without people suffering Blames current administration’s policies for depreciating rupee and not ...
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GOVT. TO CURTAIL IMPORTS - PM
To overcome currency crisis massive loans obtained by previous regime, main cause. Prime Minister Ranil Wickremesinghe yesterday said that the g...
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Sri Lanka stops import of Iranian oil ahead of sanctions
The South Asian country had earlier imported nearly all of its crude from Iran Sri Lanka has stopped crude imports from Iran and is actively switchin...
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Data science, AI focus to achieve $5bn Sri Lanka IT export target
Sri Lanka’s information technology industry will prioritise data science and artificial intelligence in its drive to sharply increase exports despit...
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PM calls on private sector to get involved in education reform
Prime Minister Ranil Wickremesinghe on Friday (14 September) called on the private sector to set up educational institutions to cater to the emerging ...
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Sri Lanka tourist VAT refund to draw luxury retail investments, shoppers
The new value added tax (VAT) refund scheme for tourists could help draw investments by international retailers to Sri Lanka as well as foreign visito...
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Sri Lanka budget gap contained by June 2018, despite weak revenues
Sri Lanka's tax revenues grew 3 percent to 845.3 billion rupees in the six months to June 2018, and current spending grew at a faster 8 percent to 995...
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$ 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 CI...
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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 M...
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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 f...
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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 bi...
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