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...

Odel takes over popular clothing brand Cotton Collection

Odel has taken over the popular clothing brand Cotton Collection, both companies announced. Odel, owned by the Softlogic group, said that it has taken over Cotton...

Chinese delegation in Sri Lanka to explore investment opportunities

A Chinese business delegation is in Sri Lanka to explore investment opportunities between both countries. The Ceylon Chamber of Commerce said that an 18 member business...

Sri Lanka joins calls for FTA within BIMSTEC member countries

Sri Lanka has supported calls to create a Free Trade Agreement (FTAS) among BIMSTEC member countries. BIMSTEC suffers from a “lack of visibility” in the region,...

The art of a US-China trade deal

By Steve Brice At the start of 2018, we came up with the investment theme ‘Turning up the Heat’. Our outlook was based on two...

Sri Lanka could face tighter external refinancing conditions

Sri Lanka could face significantly tighter external refinancing conditions during the next five years, which would quickly lead to much weaker debt affordability, especially if...

CB extends suspension of primary dealership of Pan Asia Bank

The Monetary Board of the Central Bank of Sri Lanka, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance...

Economic Summit to look at Vision 2025

The session titled “Turnaround; Shifting Gear from Slow to Fast Track”  which is to be held at Cinnamon Grand on 13th September from 11.30am...

Sri Lanka in talks with China to tap panda bond market

Sri Lanka is in talks with China to tap the panda bond market, Central Bank Governor Dr Indrajit Coomaraswamy said. Speaking at a media briefing...

SriLankan appoints new Group Chief Operating and Finance Officer

Vipula Gunatilleka has been appointed as the Group Chief Operating and Finance Officer of SriLankan Airlines effective 1st August 2018, the Airline said today. Gunatilleka in...

Moody’s affirms Sri Lanka’s B1 rating, maintains negative outlook

Moody's Investors Service ("Moody's") has today affirmed the Government of Sri Lanka's foreign currency issuer and senior unsecured ratings at B1 and maintained the...

Maldives Showcase takes 40 local ventures to Sri Lanka

A total of 40 local ventures have geared up to represent their respective services at Maldives Showcase fair at neighboring Sri Lanka. Endorsed by Maldives...