Sri Lanka to cut costs to trade with information portal
Sri Lanka launched a trade information website Friday bringing together up-to-date information on regulations and procedures relating to exports and i...
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Failure to renegotiate causes huge losses
ACE power dispute: The Ceylon Electricity Board Engineers Union (CEBEU) had asked its members to be wary of making payments, amounting to Rs. 840 mill...
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PM encourages entrepreneurs in North with tax concessions to uplift local economy
Prime Minister Ranil Wickremesinghe yesterday said the Government has offered tax relief for 300% of the income from capital investment to entrepreneu...
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Sri Lanka's Keells Foods net grows 34-pct in June, revenues up
Sri Lanka's Keells Food Products said profits grew 34 percent from a year earlier to 56.3 million rupees in the June 2018 quarter on expanding sales o...
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Govt. launches landmark five-year National Export Strategy
SL eyes $ 28 b export revenue by 2022 PM says NES catalyst to link to global value chains, increase exports and create jobs Officials to mee...
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Virtusa’s Kris Canekeratne selected as EY Entrepreneur of The Year® 2018 award winner in New England regional finals
SOUTHBOROUGH, MA – Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering, and IT outsourcing services tha...
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Tourism earnings up 14.7% Jan-May Forex income hits US$ 1.8B
Sri Lanka earned nearly US$ 1.8 billion from tourism during the first five months of this year, up 14.7 per cent compared to US$ 1.65 billion a year a...
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Businessman pleads guilty to smuggling ganja by post
MP, ex-Senior DIG defend him Colombo Fort Magistrate Lanka Jayaratne yesterday deferred a case filed against a leading businessman charged with smuggl...
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ETI Finance to be purchased at US $ 75 million
Singapore-registered Blue Summit Capital Management Ltd and Sri Lanka’s Ben Holdings Ltd. have made a joint investment to purchase the crisis-hit fi...
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‘Fiscal position under stress from doubled car and gold imports this year’
Gold and car imports have doubled this year compared to last year, creating tremendous pressure on the fiscal position and on the whole economy, Centr...
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Earnings of listed corporates gain in March quarter
Values up 28.5% to Rs. 98 b and by 15.4% to Rs. 87.5 b excluding one-off profits for two corporates Food, Beverage and Tobacco, Bank and Capit...
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ADB to invest in Lanka’s Healthcare Sector.
The Asian Development Bank (ADB) has agreed to invest $10 million of equity in DCDC Healthcare Services Private Limited (DCDCPL), a company providing ...
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Public Sector officials oppose audit bill – Auditor General
Auditor General Gamini Wijesinghe called on the Mahanayake’s of the Malwathu and Asgiri Chapters and commented on the proposed Audit bill which will...
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Srilankan revenue dropped after contact with phoenix
Details of anomalies in the contract SriLankan Airlines had entered into with Phoenix Rising Ventures (PRV) were exposed at the Presidential Commissio...
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Sri Lanka’s hotel sector fast reaching saturation point: veteran hotelier
The number of star class hotels in operation in Sri Lanka currently and that are to be built in the future will push Sri Lanka's hotel sector to reach...
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Claims made by Cabraal on GDP are distorted – Min. of Finance
The Ministry of Mass Media and Finance issuing a statement says that the claims made by the former governor of the Central Bank of Sri Lanka Ajith Niv...
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Sri Lanka’s April exports flat, car imports help widen trade gap
Sri Lanka’s trade deficit widened in April 2018 from a year ago as export earnings growth was flat while imports rose sharply driven by a big rise i...
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Sri Lanka preparing to host largest travel trade show
To attract Top 200 global tourism operators to the country Sri Lanka Tourism Promotion Bureau (SLTPB) signs as the Official Partner of TTSL;...
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Importers appeal for swifter Customs law
Importers say effortto enact new Customs law not proceeding as fast as expected Hope authorities will expedite process, promote paperless tra...
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Sujeewa urges incentive payments for Import & Export Dept.
Imports and Exports Controller General Damayanthi Karunarathna accepting her appointment from International Trade State Minister Sujeewa Senasinghe ...
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SLPA posts Rs 13.2bn profit in 2017, becomes 13th best port
Sri Lanka Ports Authority (SLPA) during the corresponding period of 2017 had earned a record net profit of Rs. 13.2 billion and became the 13th best c...
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CPC re-enters local bitumen market
Recognising the rapid growth in the local construction industry and increased demand for bitumen, the Ceylon Petroleum Corporation (CPC) yesterday re-...
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Trump threatens tariffs on additional $200bn in Chinese imports
US President Donald Trump has threatened to levy a 10% tariff on $200bn (£151bn) of Chinese goods in a tit-for-tat trade row with Beijing. “China ...
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