Sri Lanka negotiating “comprehensive” FTA with China

Sri Lanka says it is negotiating comprehensive Free Trade Agreements (FTA) with China and India, Asia Pacific Daily reported. Finance Minister Mangala Samaraweera noted that...

Foreign-exchange reserves to get a boost from deal

The Hambantota Port will boost foreign-exchange reserves, which will ease the Government’s external liquidity position ahead of several large international bond payments in 2019-22,...

Dumith Fernando elected to the CSE Board

The Colombo Stock Exchange (CSE) announced the appointment of Dumith Fernando as a Director of the CSE Board. Fernando was elected to the position...

Youtube launches local version for Sri Lanka users

Youtube has introduced a new version for Pakistan, Nepal and Sri Lanka youtube users,  Pop Herald reported. "We aim to provide an, even more, tailored...

Airtel Lanka, first telecom to be ISO 27001:2013 certified

Bharti Airtel Lanka became the first telecom organization in Sri Lanka so far to be ISO 27001:2013 certified within a period of six years...

China may put South Asia on road to debt trap

China’s grandiose global connectivity initiative -- One Belt One Road (OBOR) or Belt& Road Initiative (linking China with Europe via SE Asia & C...

ITC’s Sri Lankan arm acquires land for hospitality project

Diversified business conglomerate ITC Ltd said its wholly-owned arm in Sri Lanka has acquired land for a mixed-use hospitality project in the island nation. The...

Infrastructure sharing to speed up broadband development

The Ministry of Telecommunication and Digital Infrastructure along with the global leader in ICT solutions Huawei had joined hands for the second consecutive time...

Fly to Mattala from BIA for just Rs 2,999

SriLankan Airlines, the national carrier of Sri Lanka, is introducing new offers to Mattala, providing a great opportunity to all Sri Lankans to enjoy...

Sri Lanka eager to invest in Punjab power plants

Sri Lanka has discussed the possibility in investing on small scale hydro power plants in Punjab, Pakistan during a visit by a three member...

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,...

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...

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...

Hero acquires 60% stake in Lankan company

Hero Cycles India’s largest bicycle manufacturer has picked up 60 per cent stake in Sri Lanka’s BSH Ventures Pvt Ltd. which has a license...

SriLankan signs Airbus deal

During the Paris Air Show held today (Wednesday), SriLankan Airlines announced it had signed a memorandum of understanding in preparation for an order for...

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...

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...

CBSL disputes Rating Agencies’ latest rating decisions

The Central Bank of Sri Lanka (CBSL) is of the view that the decisions by Fitch Ratings on 3 December 2018 and Standard and...

ACCA hosts discussion on BRI and importance to Sri Lanka

The Belt and Road initiative (BRI) is currently one of the largest trade and investment themes and is a huge opportunity for many industries...

Dialog starts mobile payment service

Dialog Axiata had launched a mobile payment service through which its 7.5 million customers can send and receive money through a 'virtual wallet', officials...