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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Crypto-currency a serious threat to CBSL: Former Deputy Governor
The proliferation of crypto-currencies poses a serious threat to the Central Bank of Sri Lanka (CBSL), warned former CBSL Deputy Governor W. A. Wijewa...
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Lanka’s ICT exports surpasses US$ 1bn
Sri Lanka’s Digital Literacy has reached 39% and ICT exports have surpassed USS 1 billion making ICT the 5th largest foreign exchange revenue earner...
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Hayleys 1Q19 revenue tops Rs. 50 billion
Hayleys PLC, generated strong top-line performance across all of its key business verticals resulting in a 74% Year-on-Year (YoY) increase in revenue ...
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SriLankan Airline decisions on shares of SriLankan Catering defy any sense
SriLankan Airlines officials had not done an evaluation of share value before it bought back 40 mn of SriLankan Catering shares, at Rs. 100 reach, at ...
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Duty reduction for cars if Sri Lanka's trade balance improves
The government is considering duty reductions for small hybrid cars as well as mid-size sedans after the country’s trade balance and foreign reserve...
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SLT Group ups 1H profits by 13.5% to Rs. 2.8 b; revenue up 5.5% to Rs. 39.4 b
The Sri Lanka Telecom (SLT) Group has continued its growth momentum across all key business areas including Fixed, Mobile, Broadband, Enterprise Solut...
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