Multinational companies in Sri Lanka fear losing EU GSP Plus

Multinational companies operating at the Free Trade Zone in Katunayake have raised fears of Sri Lanka losing the EU GSP Plus trade concession. In a...

Qatar Chamber, Sri Lanka review co-operation in employment

Qatar Chamber and Sri Lanka's Ministry of Foreign Employment held a meeting yesterday to discuss co-operation between the two sides in connection with recruitment...

Moody’s downgrades Sri Lanka’s ratings as political crisis continues

Moody's Investors Service ("Moody's") has today downgraded the Government of Sri Lanka's foreign currency issuer and senior unsecured ratings to B2 from B1 and changed...

Hambantota Port confident of boost in terminal operations

The Hambantota International Port Group (HIPG) is confident of seeing a boost in its terminal operations. HIPG made yet another investment to further develop the operations...

Joint Chambers of Commerce raise concerns

The Chambers of Commerce of Sri Lanka today raised concerns that the current political uncertainty will result in many adverse consequences to the country,...

Sri Lanka’s first state-of-the art 5G Innovation Center to be established

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, in partnership with Ericsson, the world leader in communications technology and services along with the Ministry...

PBC suggests increase in exports of bikes, cement to Sri Lanka

The Pakistan Business Council (PBC) has drafted a report focused on the free trade agreement (FTA) with Sri Lanka and has found motorcycle and...

AmCham appoints new Board of Directors for 2018/2019

The 26th Annual General Meeting of the American Chamber of Commerce in Sri Lanka (AmCham) was held in September at the Hilton Colombo Residences,...

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...