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...

Oil falls as traders cash in after gains

Oil prices fell over 1 percent on Monday as traders took profits after three weeks of gains and as a jump in the dollar...

Sri Lanka’s focus on export-driven economy

Sri Lanka said on Tuesday that its location and external relations stand well in supporting an export-driven economy. Governor of Sri Lanka's Central Bank Dr....

Sri Lanka Chamber and Beijing Chamber to promote trade ties

Sri Lanka’s main trade body, the Ceylon Chamber of Commerce and the Beijing Chamber of International Commerce on Monday signed a Memorandum of Understanding...

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...

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...

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...

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...

Moody’s assigns B1 Issuer ratings to Sampath Bank

Moody's Investors Service, ("Moody's") has assigned an issuer and long term local currency deposit rating of B1 to Sampath Bank PLC and short-term ratings of...

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...

AmCham offers to assist those affected by loss of US GSP

With effect from the 1st of January 2018, the United States’ Generalized System of Preferences (GSP) program was discontinued for 120 countries across the...

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...

IMF experts study new draft Bill

Legal experts of the International Monetary Fund (IMF) are still analyzing the contents of the new draft bill on the Inland Revenue Act before...

FATF to visit Sri Lanka in May to review progress

The Financial Action Task Force (FATF), the global policy setter on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), has made the initial...

Foreign investors show keen interest

Sri Lanka's stock market, the Colombo Stock Exchange (CSE), has garnered a keen interest among foreign institutional investors, with a surge in foreign activity...

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...

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...

Metal/Alloy of 1, 5 Rupee coins change

The Central Bank of Sri Lanka says a new set of circulation coins of Rupee 1 and Rupees 5 will be issued to circulation after...

SLGTI to be opened in Kilinochchi

The establishment of the Sri Lanka-German Training Institute (SLGTI), a landmark project initiated by German Development Cooperation (GIZ) in partnership with the Government of...

SriLankan Airlines formulates new 5-year Strategic Business Plan

SriLankan Airlines has formulated a new five-year Strategic Business Plan for the period 2019-24 with the objective of transforming itself into a financially viable...