Business News

Sri Lankan officials began work on formulating one of the strongest ever national business delegations to be flown to Iran at short notice on 3 January in Colombo.

Saturday, 07 January 2017 09:11

$41 m BIA runway revamp begins

The Airport and Aviation Services (Sri Lanka) Ltd yesterday began work on the revamp of the runway at the Bandaranaike International Airport with an investment of $41 million.

Saturday, 07 January 2017 09:07

Four Seasons to enter for $50 m Lanka hotel

A meeting was held yesterday at the Ministry of Special Assignments under the chairmanship of Minister Dr. Sarath Amunugama, to discuss a project proposal

Friday, 06 January 2017 10:15

Volkswagen or ‘hoaxwagen’?

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.

Thursday, 05 January 2017 08:59

Business confidence slumps to 41-month low

The January edition of leading business magazine LMD reports that business confidence slumped in December

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.

Wednesday, 04 January 2017 09:40

Kalu Ganga Water Supply Project gets under way

Kalu Ganga Water Supply Project gets under way with Japanese International Cooperation Agency (JICA) financial assistance of Rs.10,000 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.

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