Sri Lanka and UK discuss post Brexit issues

Sri Lanka and the UK have had talks on post Brexit issues Sri Lanka will face, especially if there is no deal reached between...

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...

ADB’s first loan for Sri Lanka’s railway sector approved

The Asian Development Bank (ADB) has approved a $160 million loan to modernize the operations and improve the efficiency of Sri Lanka Railways, the...

Governor of the Central Bank steps down

Central Bank Governor Dr. Indrajit Coomaraswamy has tendered his resignation. Coomaraswamy had reportedly handed over his resignation citing personal reasons and will vacate his post...

China offers support to develop Sri Lankan economy

China has offered support to develop the Sri Lankan economy, following talks held in Colombo today. The Minister of Finance and Mass Media Mangala Samaraweera...

Huawei assures Sri Lankan customers after Google suspends deal

Chinese mobile phone manufacturer Huawei today assured Sri Lankan customers of it continuous support for present, existing Huawei smartphones in the market after Google...

Challenging Times seen for Ceylon Tea

The Tea Exporters Association heldits 20th AGM, led by the theme ‘Challenging Times for Ceylon Tea’, at the Grand Marquee – Taj Samudra Hotel,...

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...

Moody’s assigns B2 rating to Sri Lanka’s proposed senior unsecured US dollar bonds

Moody's Investors Service ("Moody's") has today assigned a B2 rating to the Government of Sri Lanka's proposed senior unsecured US dollar-denominated bonds. The rating is...

Air India subsidiary Alliance Air to fly to Palaly and Batti

The Civil Aviation Ministry in India has approved Alliance Air plan to launch foreign operations by starting flights to Sri Lanka even as the...

Sinopec wins bid to operate tank farm at Hambantota Port

The Hambantota International Port (HIP) recently awarded a tender to Sinopec Fuel Oil Sales Co. Limited for oil trading works and the operation and...

Hunting for income in a world of falling bond yields

By Manpreet Gill About USD 13 trillion worth of bonds in the global marketplace now offer a negative yield. Perhaps most starkly, a rising number...

Sri Lanka motivated towards becoming an AI savvy society

SLASSCOM recently hosted its annual AI Asia Summit, for the second consecutive year this year at the Shangri-La Hotel, Colombo. The theme of this...

Over 300 Chinese business delegates attend Sri Lanka conference

Aiming to strengthen economic and cultural ties between the two nations, Chinese telecom and IT giant ZTE Internet Culture Media (Beijing) Co. Ltd. successfully...

Global TV advertising launched to boost tourism in Sri Lanka

Sri Lanka Tourism Promotion Bureau launched a global TV advertising campaign with CNN featuring the destination's new branding ‘So Sri Lanka’. Commercial spots across CNN...

IMF reaches Staff-Level Agreement on Fifth Review of Sri Lanka’s Extended Fund Facility

The International Monetary Fund (IMF) said that it has reached a Staff-Level Agreement with Sri Lanka on the Fifth Review of Sri Lanka’s Extended...

Sri Lanka raises US$2.0bn from sovereign bonds

Sri Lanka has raised 2.0 billion US dollars from 5 and 10 year sovereign bonds issued yesterday, the Central Bank of Sri Lanka said...

Non-tariff measures in Asia-Pacific affecting trade

While applied tariffs in the Asia-Pacific region have halved over the past two decades, the number of non-tariff measures (NTMs) – policy regulations other than...

US and Sri Lanka discuss investment opportunities

State Minister of Finance, Eran Wickramaratne, held wide-ranging talks in the US during a just concluded visit, the Foreign Ministry said today. Wickramaratne led the...

Ukrainian low-cost air carrier seeks to fly to Sri Lanka

Ukrainian-based SkyUp Airlines, a low-cost air carrier, which belongs to SkyUp LLC, plans to launch flights from Ukraine's capital city of Kyiv to Sri...