Sri Lanka tells India to remove trade barriers

Sri Lanka on Friday urged India to remove trade barriers for better economic cooperation among South Asian nations, saying the move by the neighbouring...

Doors open for Sri Lankan construction companies in Africa

Sri Lankan construction companies participated at the 16th Ethio-Con International Construction Exhibition held in Addis Ababa, Ethiopia from 24th-27th September, 2019, secured new business...

China’s economic growth hit by escalating US- China trade tensions

By Belle Chan China’s economic growth has clearly slowed amidst escalating US- China trade tensions. The weakness in industry and business investment appears to be...

Post FOT 2019, Sri Lanka confident of facing challenges

Cinnamon Hotels & Resorts concluded its globally recognized third edition of the Future of Tourism Summit (FOT 2019). This timely revival of the bi-annual conference...

India accused of imposing unrealistic MIP on Sri Lankan pepper

India has been accused of imposing an unrealistic Minimum Import Price (MIP) on Sri Lankan Pepper and Arecanuts resulting in negligible exports. The Management Committee...

IMF reaches staff level agreement on sixth review with Sri Lanka

The International Monetary Fund (IMF) has reached a Staff Level Agreement on the Sixth Review of Sri Lanka's Extended Fund Facility. In a media statement...

Mobile internet speeds in India falls below Sri Lanka

Mobile internet speeds in India has fallen below Sri Lanka for the month of August as per the latest ‘Speedtest Global Index’ by Ookla. India...

Thomas Cook collapses as last-ditch rescue talks fail

Thomas Cook has collapsed after last-minute negotiations aimed at saving the 178-year-old holiday firm failed. The UK Civil Aviation Authority (CAA) said the tour operator...

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...

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,...

Hambantota Port links up with Ranong Port in Thailand

The Hambantota International Port (HIP) has signed an agreement for port-to-port cooperation with the Ranong Port in Thailand. The partnership is a bid to build...

Sri Lanka to celebrate World Tourism Day 2019 with focus on employment

World Tourism Day is commemorated each year on 27th September globally with the purpose of fostering awareness among the global community of tourism’s social,...

Foreign companies show interest in investing in Sri Lanka

As per registrations received to date, there is a rise in interest shown for Agriculture, Power and Energy, Infrastructure development, Export Manufacturing/Services, Knowledge Services...

Sri Lanka discusses investment and trade opportunities with diaspora in UK

Sri Lanka discussed investment and trade opportunities with the Sri Lankan diaspora in the UK. The Sri Lanka High Commission in London organized a roundtable...

Sri Lanka urged to approve MCC Compact deal

The American Chamber of Commerce in Sri Lanka (AMCHAM) urged the Government of Sri Lanka to consider approving the Millenium Challenge Corporation (MCC) Compact. AMCHAM...

China-SL bilateral trade in 2018 exceeds 405 billion USD

The value of bilateral trade in 2018 between China and Sri Lanka has exceeded 405 billion U.S dollars. Yang Zuoyuan, Commercial Counsellor of the Embassy...

CNN’s Richard Quest among speakers at Colombo summit

Recognizing the need to uplift Sri Lanka’s travel industry in the wake of 4/20, Cinnamon Hotels & Resorts is set to host the third...

Industry experts call for shift in policy focus

Land scarcity, increasing land prices, and high population density are all decisive factors arguing for condominiums as the solution to Colombo’s growing housing problem. In...

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...

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...