S&P cuts Sri Lanka outlook to negative on funding pressures

Standard & Poor’s cut Sri Lanka’s outlook to negative from stable citing worsening external and fiscal indicators, less than two weeks after Fitch Ratings...

Foreign investment in the stock market hits an all-time high in 2017

In what continues to be a promising year for foreign investor involvement in the stock market, 2017 has recorded an all-time high in foreign...

Abans to build largest mall in Lanka

A Sri Lankan company is planning to build the largest mall in the post-war country, in an effort to cash in on a booming...

Sri Lanka stands to make major gains if it joins ITA agreement

Sri Lanka stands to make major gains if it joins the Information Technology Agreement (ITA), the Information Technology and Innovation Foundation (ITIF) said in...

New Zealand business delegation in Sri Lanka

COLOMBO, March 6 (Xinhua) -- A New Zealand business delegation arrived in Sri Lanka on Monday to further strengthen business links between the two...

Sri Lankan businessmen call for end of non-tariff barriers

Sri Lankan businessmen have urged Pakistan’s government to lift non-tariff barriers on their exports as they are offsetting benefits of free trade agreement between...

CICT tops 2 million performance in Colombo

Colombo International Container Terminals Limited (CICT), part of China Merchants Port Holdings Company Limited, achieved a breakthrough of 2 million TEUs in 2016. China Merchants...

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...

Chinese to seek investment opportunities

A high level business delegation is to visit Sri Lanka this month to seek investment opportunities in the country, Sri Lanka’s main trade body...

Sri Lanka and Thai trade bodies sign deal to enhance bilateral trade

The Ceylon Chamber of Commerce with a view to build a dependable, pragmatic, and advantageous relationship and to establish friendly and cordial relations between...

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....

IFAD and Sri Lanka sign financial deal on SAP

The International Fund for Agricultural Development (IFAD) and the Government of Sri Lanka signed a Financial Agreement for the implementation of the Smallholder Agribusiness...

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,...

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...

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...

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...

Hayleys to build mega Twin Towers

The Hayleys group, Sri Lanka’s most diversified conglomerate and pioneer in value added exports, yesterday announced its latest venture, the ‘World Export Centre’, a...

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....

Indian bicycle maker shuts Sri Lankan plant over GSP issue

Premium bicycle maker Firefox Bikes Thursday said it has closed its manufacturing plant in Sri Lanka, owned by one of its promoters, and moved...

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...