The Government yesterday struggled to clarify its own claims that a recently launched vehicle assembly plant in Kuliyapitiya was a venture by the German automaker Volkswagen, after the company publicly denied any investment in Sri Lanka at present.
Ceylon Chamber of Commerce yesterday in a bold and welcome statement called on the business community to support Central Bank's independence and policy reform efforts.
Global Rubber Industries (GRI) yesterday laid the foundation for the construction of its latest specialised tire factory in Badalgama with an investment of over $ 40 million.
Exchange Management draft bill is to be presented in parliament soon to liberalise the foreign exchange market, Central Bank Governor, Dr.Indrajit Coomaraswamy told
India and Sri Lanka have agreed to intensify cooperation on patrolling and to institute periodic interaction between the Coast Guard of the two countries to tackle fishermen’s poaching issue which violates territorial waters of both countries.
Reuters: Sri Lankan shares fell on the first trading day of 2017 as investors sold market heavyweight John Keells Holdings Plc and other blue chips amid worries over a weakening rupee and rising interest rates.