Government launches 10 year sovereign bond

Sri Lanka is selling global bonds for the second time this year as the government faces a wider budget deficit and a weaker currency,...

WSO2 to present workshop in Sri Lanka

WSO2 Technology Executives Will Lead a Workshop on May 16, to Explore Real-World Use Cases for Addressing Top IT Challenges with the WSO2 Carbon...

Japan to issue Sri Lanka commemorative coin

Japan will produce a commemorative coin with a face value of 1,000 Sri Lankan rupees (around ¥600) to mark the 60th anniversary of the...

Trade between Australia and Sri Lanka reaches $1.3 billion

Trade between Australia and Sri Lanka has surged to a record high of A$1.3 billion in 2016-17, on the back of strong growth in...

Chinese smartphones enter Sri Lankan market with Vivo

Leading Chinese smartphone Vivo officially entered the Sri Lankan market at a major launch event held in Colombo. The entry will see Chinese smartphones competing...

No dire need of emergency funding says CB

Sri Lanka is in no dire need of emergency funding as the country’s economy fared well in 2015 with reserves on a sound footing,...

Sri Lanka seeks support to improve export market

The Government today said that it needs to improve Sri Lanka's exports by tapping new markets. Minister of International Trade Malik Samarawickrama told Parliament that Sri...

Australia’s third-richest person to invest in Sri Lanka

Australia's third-richest person and gambling tycoon James Packer may be lining up a bet on Sri Lanka, scouting the Indian Ocean island for potential investments...

MAS Holdings to open a plant in Haiti soon

MAS Holdings, a leading Sri Lankan conglomerate and is positioned as one of the world’s most recognized Design–to-Delivery Solution Providers in the realm of...

Zambian Government woos Sri Lankan investors

Zambia has urged Sri Lankan business executives to take advantage of the investment opportunities in the Multi Facility Economic Zones (MFEZs) in the country,...

ADB expects strong growth in Lanka

The Asian Development Bank (ADB) says  Sri Lanka will continue to grow strongly this year while other parts of the region will see softer than...

Facebook to empower youth and entrepreneurs in Sri Lanka

Facebook’s global ‘Boost Your Business’ program is now available for the youth and entrepreneurs of Sri Lanka. Recognizing the potential of the country’s small business...

Fonterra back on track in Sri Lanka

Fonterra's Sri Lanka business has fully recovered after a 2013 food safety scare sparked public protests and forced the temporary closure of its operations...

Sri Lanka’s credit profile remains constrained

Moody's Investors Service says that the Government of Sri Lanka's B1 rating is supported by the economy's robust medium-term GDP growth prospects, relatively large economy,...

BOI to be restructured in a month to meet expectations

The Government says the Board of Investment (BOI) will be restructured within a month. Justice Minister Wijeyadasa Rajapakshe said the BOI must be shut as...

IMF warns US, China pose risk to Asian economy

A lack of clarity about the size of an expected U.S. fiscal stimulus and China's rapid domestic credit growth are among risks that cloud...

BlackBerry in make or break phone launch

It's the moment of truth for BlackBerry maker Research in Motion. The Canadian company on Wednesday will officially launch the BlackBerry 10, an effort that...

Moody’s says VAT hike will keep IMF program on track

The Moody's rating agency says the amendments to the value added tax (VAT) bill, which will increase the VAT tax rate to 15% from...

Srilankan Airlines takes delivery of its first A320neo

Srilankan Airlines has taken delivery of its first A320neo on lease from Air Lease Corporation (NYSE: AL), making the airline the latest operator of...

India’s Tatas exit Sri Lanka tea business after 25 years

After establishing a strong foothold in the tea industry of Sri Lanka over the past 25 years, the India's Tatas are exiting the business...