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Sri Lanka’s last major 35 MW Broadlands Hydropower Project with annual generation capacity of 126 GWh is still to see the light of day even after six years of its ground breaking ceremony.

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Sri Lanka best employer brand award winner MVIVO Ltd., an organisation with roots in Europe now brings its expertise, innovation, and knowledge to build modern houses in Sri Lanka.

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Sri Lanka’s mounting debt declines in the first quarter this year following the prompt debt servicing of the Central Bank, official data showed.

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The Central Bank will be imposing a cap on lending if the banks and financial institutions fail to reduce high lending rates, Central Bank Governor Indrajit Coomaraswamy tolda media conference on Friday.

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Sri Lanka’s trade deficit continued to improve during the first half of 2019 with the sustained growth of exports and the notable contraction in the growth of imports.

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Enterprising young entrepreneurs in Dambulla will be getting an opportunity today and the day after to obtain necessary capital from commercial banks to start new ventures, or to improve existing businesses on the strength of their capabilities without surety.

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The Government is currently in the process of restructuring the Sri Lankan Airlines wile planning to infuse capital of around US $250 million from China Development Bank to get over its mounting debt burden, a top official said.

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Sri Lanka’s external sector strengthened further in June 2019 with a marked contraction in the trade deficit while gross official reserves were augmented with the proceeds of the issuances of two international sovereign bonds (ISBs).

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Associated Motorways (Private) Limited, a trailblazers in Sri Lanka’s automotive segment, launched the Yamaha FZ & FZ – S version 3.0 models to the Sri Lankan market at a ceremony held at the Yamaha showroom recently.

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Sri Lanka’s headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI, 2013=100)1 increased marginally to 2.2 per cent in July 2019 from 2.1 per cent in June 2019, Central Bank announced.

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