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...

US to maintain current trade policy towards Sri Lanka

The United States will maintain its current trade policy towards Sri Lanka despite a change in administration in the US, Assistant US Trade Representative for...

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...

Singaporean companies encouraged to invest in Sri Lanka

STAX Inc., a global strategy consulting firm, has been working in collaboration with International Enterprise Singapore (IE) for over two years to inform Singaporean...

Colomboscope to draw bigger benefits to business ecosystem

In a move to draw in art tourism as a major component of Sri Lanka’s tourism industry and bring in bigger benefits to the...

Colombo-Trincomalee Economic Corridor policy discussed

The Export-Import Bank of Korea (Korea Eximbank) in collaboration with the Asian Development Bank (ADB) held a dissemination seminar on the Colombo-Trincomalee Economic Corridor...

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,...

BOI to be restructured in a month to meet expectations

The Government says the Board of Investment (BOI) will be restructured within a month. Justice Minister Wijeyadasa Rajapakshe said the BOI must be shut as...

CSE records strong gains in first half of 2017

The Colombo Stock Exchange (CSE) has recorded a noteworthy turnaround in the first half of 2017, having started the year on the back of...

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,...

ADB doubles assistance to Sri Lanka

The Asian Development Bank (ADB) has doubled its multi sectoral assistance to Sri Lanka as a result of the merger of its two main...

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...

ICT development in Sri Lanka gets a boost

Huawei, a leading global information and communications technology (ICT) company unveiled their brand new Office in concurrence with the establishment of Customer Solutions Innovation...

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...

TEA makes push to liberalize tea imports

The proposal for liberalization of tea imports has been debated for over 15 years without any decision. The Tea Exporters Association (TEA) request for...

Germany’s Hannover ready to promote Sri Lanka

Upcoming business and investment opportunities in Sri Lanka received much attention during Ambassador Amunugama's recent meetings with Dr. Christian Hinsch, the Chief Executive Officer of...

No impact on economy from Gulf crisis

The Sri Lankan economy has not faced any negative impact so far from the crisis in the Gulf region. The Government says it closely monitoring...

SEA’s hospitality leaders to gather in Colombo

The South East Asia Hotel & Tourism Investment Conference (AHTIC), a top-level gathering of international investors, business leaders, government ministers and officials will return...

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...

Exporters face challenges despite GSP plus

Local exporters say they are facing many challenges and are unable to reap the benefits of the much awaited GSP plus scheme from the...