Chinese smartphones enter Sri Lankan market with Vivo

Leading Chinese smartphone Vivo officially entered the Sri Lankan market at a major launch event held in Colombo. The entry will see Chinese smartphones competing...

Foreign investment in the stock market hits an all-time high in 2017

In what continues to be a promising year for foreign investor involvement in the stock market, 2017 has recorded an all-time high in foreign...

Milaha launches Sri Lanka-Bangladesh feeder service

Milaha, a Qatar-based maritime transport and logistics conglomerate, has announced the launch of a direct feeder service between Sri Lanka and Bangladesh.Colombo and Chittagong...

Nuzreth Jalaldeen appointed Executive Director of AmCham

The American Chamber of Commerce in Sri Lanka has appointed Nuzreth Jalaldeen as its new Executive Director with effect from November 2017. Nuzreth was formerly...

Sri Lankan businessmen call for end of non-tariff barriers

Sri Lankan businessmen have urged Pakistan’s government to lift non-tariff barriers on their exports as they are offsetting benefits of free trade agreement between...

Stock Market continues encouraging performance in 2017

The Sri Lankan stock market has continued what has been an encouraging year in 2017, where both market indices continue to record positive returns....

US says American companies contribute to GDP of Sri Lanka

American businesses presence in Sri Lanka have at least 30,000 or 40,000 employees across many venues and companies that are pursuing different sectors, the...

Over 100 Chinese companies at Colombo exhibition

Sri Lanka is to host an exhibition next month showcasing products from China, organisers announced. The 3rd edition of the China Products (Colombo, Sri Lanka)...

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...