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...

Mitigating risk of world turning Japanese

By Nicolas Rigois and Steve Brice The collapse of Japan’s Nikkei stock index from almost 39,000 in 1989 to 8,000 in 2008 has been well...

IMF approves extension to Sri Lanka, releases US$ 164.1 million

The Executive Board of the International Monetary Fund (IMF) has completed the Fifth Review of Sri Lanka’s economic performance under the program supported by...

IMF to extend Sri Lanka program till June 2020

The International Monetary Fund says it hopes to extend the funding program with Sri Lanka till June 2020. IMF Director at the Communications Department, Gerry...

Ircon wins rail contract in Sri Lanka

IRCON International Ltd has bagged an international railway contract worth $91.27 million ( around ₹635 crore) from Sri Lanka Railways under the Ministry of Transport...

Business community slams negligence of Government machinery

The Ceylon Chamber of Commerce is deeply concerned that the events that resulted in the senseless acts of terrorism that claimed the lives of...

Licensed banks and NBFIs told to reduce interest rates

The Central Bank of Sri Lanka has observed high interest rates charged on lending products and excessively high interest rates offered on deposit products...

MCC approves biggest Grant funding ever received by Sri Lanka

The Millennium Challenge Corporation of the US Government has approved a grant of USD 480 million to Sri Lanka at its board meeting held...

IMF says initial Sri Lanka market pressures seem contained

The International Monetary Fund (IMF) said on Tuesday that initial financial market pressures on Sri Lanka appear contained following "horrific" Easter Sunday bomb attacks...

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...

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...

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...

SriLankan Airlines to increase frequencies to Tokyo

SriLankan Airlines, one of the first carriers to fly to Tokyo’s Narita International Airport, is celebrating 35 years of flying to Narita by increasing...

In investments, managing “emotional returns” is key to staying on track

By Alexis Calla Early this year, our investment committee members went on the road to present our 2019 Outlook to our clients across Asia, Africa,...

Sri Lanka to discuss on Draft National Policy on LNG

The Ministry of Highways & Road Development together with Petroleum Resources Development has developed the draft national policy on natural gas with a view...

Concerns raised over price war in tourism sector

Concerns raised over price war in tourism sector saying it could affect the country. Tourism Advisory Committee Chairman Harry cautioned the industry about price undercutting,...

Moody’s says Sri Lanka’s fiscal consolidation plans will be challenging

Moody's says Sri Lanka's fiscal consolidation plans will be challenging without greater policy effectiveness and faster GDP growth. On 5 March, Sri Lanka (B2 stable)...

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...

China says facing severe challenges to economy

Chinese Premier Li Keqiang admitted that China faced severe challenges caused by the growing pains of economic transformation, when delivering the government work report...

Hilton plans major expansion in Sri Lanka

Hilton hotels has major expansion plans for Sri Lanka with three Hilton Hotels & Resorts and four DoubleTree by Hilton set to open in...