Shangri-La launches 500mn US dollar luxury apartments and office complex project in Colombo

Hong Kong based Shangri La Hotels and Resorts, a property developer and hotel group launches 500 million US dollars of exclusive residences, office and...

High-powered delegation to arrive in Sri Lanka from Qingdao

Sri Lanka is set to host a high powered business delegation from Qingdao city of China on the 15th of May 2015. The Sri...

Switzerland, Bahrain and Croatia wants to enhance commercial ties with Sri Lanka

Envoys of Switzerland, Bahrain and Croatia held discussions with the Ceylon Chamber of Commerce recently to find out ways and means of exploring trade,...

Supported by the European Union, IFC and SLID help small businesses improve business practices

IFC, a member of the World Bank Group, has partnered with the Sri Lanka Institute of Directors (SLID) to promote improved corporate and ethical...

IMF gives thumbs up to Sri Lanka

The International Monetary Fund (IMF) have welcomed Sri Lanka’s recent favorable economic performance, including robust growth, low inflation, and a narrowing of the current...

Maruti to decide on starting assembly unit in Sri Lanka

India's largest car maker Maruti Suzuki India (MSIL) will take a final decision on setting up an assembly unit in Sri Lanka by the...

Etisalat may buy Airtel Sri Lanka

Bharti Airtel, the world's fourth largest telecom operator by subscribers, is in advanced discussions to sell off its Sri Lankan operations to Abu Dhabi's...

Dufry signs deal with Mattala

Dufry ( a global duty free company with operations in 45 countries) has signed a master concessionaire agreement to operate duty free shops at Mattala...

Cap on penal interest rates

The Central Bank today announced that a cap will be placed on penal interest rates charged by banks, finance companies and leasing companies. The Central...

Moody’s hails Lanka’s policy

Moody's Investors Service says that the policies of the government have stabilized Sri Lanka's (B1 stable) overall credit profile, although benefits from the post-civil...

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...

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...

IOC, Ceylon Petroleum set to form JV

Indian Oil Corporation (IOC) and Ceylon Petroleum Corporation (CPC) are set to form a joint venture (JV) for taking up various initiatives in the...

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...

Dialog delivers net profit of Rs 1.59bn in first quarter

Dialog Axiata PLC announced, Thursday 9th May 2013, its consolidated financial results for the three months ended 31st March 2013. Financial results included those...

Need to remove bilateral trade barriers, Sri Lanka tells India

India-Sri Lankan bilateral trade has potential to more than double to $ 10 billion by 2016 if tariff and non tariff barriers are removed,...

IOC draws big plans for Sri Lanka

Despite Sri Lanka announcing that it would partially take back unused World War II time strategic oil storage depot in Trincomalee from Indian Oil...

Dialog gets nod to issue $388 mln Islamic bonds

Dialog Axiata, the Sri Lankan unit of Asian mobile services group Axiata Group Bhd, has won approval to sell up to 1.2 billion Malaysian...

Dialog Axiata wins 4G spectrum for $25 mln

Sri Lanka's top mobile phone operator Dialog Axiata will roll out the country's first mobile 4G LTE network, sealing the deal with a 3.2...

Malaysia Airlines increases Colombo-Kuala Lumpur service

Malaysia Airlines, the national carrier of Malaysia, providing daily direct connections between Colombo and the Malaysian capital of Kuala Lumpur, is introducing 3 daytime...