China impressed by Sri Lankan fresh produce

China is impressed by Sri Lankan fresh produce and is looking to cooperate with Sri Lanka in the trade and agriculture sector, the Sri...

Sri Lanka to sell hotel stakes, possibly within six months

Sri Lanka plans to put two state-owned hotel companies up for sale within the next six months in a sale that could raise $500...

Government to take measures to integrate SMEs into formal sector

The Government says its intention is to integrate SMEs into the formal sector and also to establish hard and soft infrastructure frameworks to facilitate their...

Axiata’s Asia dream fades as rivals bid for its overseas units

Axiata Group Bhd's dream of building a carrier that spans southern Asia from Singapore to Pakistan, Indonesia and India is fading as it risks...

IMF calls on Sri Lanka to accelerate economic reforms

A staff team from the International Monetary Fund (IMF) led by Manuela Goretti visited Colombo during September 13-27, 2018 to hold discussions on the...

Sri Lanka’s first social impact fund launched

Two Memoranda of Understanding were signed today in New York, launching Sri Lanka’s first social impact funds aimed at supporting social entrepreneurs access innovative...

K-Line vessel makes maiden call at Hambantota Port after signing of TSA

K-Line vessel Hawaiian Highway, a car carrier sailing from Marshall Island, called at the Hambantota Port recently. The vessel carried 1260 cars on board, for...

Thai-Sri Lankan FTA ‘to be concluded by 2020’

Negotiations on a Thailand-Sri Lanka free trade agreement (FTA) would be concluded by 2020, Auramon Supthaweethum, director-general at the Department of Trade Negotiations in...

All Share Price Index plummets below 6,000 points

The All Share Price Index (ASPI) of the Colombo Stock Exchange fell below 6,000 points today for the first time in 18 months. According to the...

ADB to support the Enterprise Sri Lanka rooftop solar power project

The Enterprise Sri Lanka project which was launched by the Ministry of Finance and Mass media to inspire, assist and create a minimum of...

Value of the Sri Lankan Rupee vs USD continues to fall

The value of the Sri Lankan Rupee vs the US Dollar continued to fall today, reaching a record low. The Sri Lankan Rupee fell to...

Hambantota Port signs first TSA deal with Japanese transportation giant

The Hambantota International Port Group (HIPG) has entered into their very first Terminal Service Agreement (TSA) with K-Line PTE Limited (KLPL), one of the...

CCC to hold interactive evening with Diplomats of Europe and the UK

The Ceylon Chamber of Commerce (CCC) is to hold the second interactive session of its initiative titled Power of Interaction with the aim of...

Sri Lanka denies reports economy at risk of exchange rate crisis

Sri Lanka has denied reports its economy is at a risk of an exchange rate crisis. The Central Bank of Sri Lanka (CBSL) said in...

SriLankan Catering posts Rs. 3.9 billion net profit

SriLankan Catering Ltd. has recorded a steady financial performance for the financial year ended 31st March 2018 with a 26% year-on-year growth in operating...

VAT refund counter to be opened at the Katunayake airport

A VAT refund counter is to be opened at the Katunayake airport, the Ministry of Finance said. The refund counter will allow foreigners leaving Sri Lanka reimburse...

Google launches new search experience for job seekers in Sri Lanka

Google has unveiled a new search experience making it easier for job seekers in the region, including in Sri Lanka, to find employment opportunities...

US trade official holds talks with US businesses in Sri Lanka

A US trade official had talks in Colombo today with American businesses operating in Sri Lanka. AMCHAM hosted James Golsen, Executive Director, Asia, International Trade Administration, U.S....

Brexit negotiations again uncertain

July 12th, 2018 had been a day that sparked what could become one of the toughest rounds of negotiations between the United Kingdom and...

Sri Lanka National Trade Facilitation Committee visits Australia

Fifteen representatives from Sri Lanka border regulatory agencies, private sector organizations, Chambers of Commerce, and members of the Sri Lanka National Trade Facilitation Committee...