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Business News

Friday, 26 March 2021 11:35

Russian billionaire to develop fertiliser distribution via Hambantota Port.

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Russian billionaire to develop fertiliser distribution via Hambantota Port.

Russian billionaire Andrey Igorevich Melnichenko, who met PM Mahinda Rajapaksa, visited the Hambantota International Port (HIP) during his visit to Sri Lanka last week. During discussions with the port’s top officials,

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Wednesday, 24 March 2021 09:49

Government vows to maintain the present tax regime stable for 5 years

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Government vows to maintain the present tax regime stable for 5 years

Sri Lanka’s tax regime will be maintained stable at the present level in the next five years without undergoing any changes, Presidential Secretary Dr. P.B. Jayasundara has vowed sternly.

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Monday, 22 March 2021 23:46

Standard Chartered Bank upgrades Sri Lanka economic growth

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Standard Chartered Bank upgrades Sri Lanka economic growth

Standard Chartered Bank (SCB) has upgraded Sri Lanka’s 2021 economic growth forecast to 4.5% from 3.5% earlier whilst noting recent initiatives have eased near-term external financing concerns though medium-term debt sustainability remains challenging.

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Monday, 22 March 2021 13:11

HUTCH demonstrates fastest 5G experience in Sri Lanka

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HUTCH demonstrates fastest 5G experience in Sri Lanka

HUTCH recently demonstrated the fastest 5G speed ever achieved by a Sri Lankan telecom operator in its inaugural 5G trial event at HUTCH One Galle Face Premier Experience Centre held recently.

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Sunday, 21 March 2021 13:34

CPC hedging deal details come to light once again

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CPC hedging deal details come to light once again

After more than 11 years ,the damning details of infamous Hedging deal of Ceylon Peritoneum Corporation has come to light once again with the revelation of recent Auditor Generals report.

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Sunday, 21 March 2021 13:34

CPC hedging deal details come to light once again

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CPC hedging deal details come to light once again

After more than 11 years ,the damning details of infamous Hedging deal of Ceylon Peritoneum Corporation has come to light once again with the revelation of recent Auditor Generals report.

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Sunday, 21 March 2021 13:27

 Mobility in Sri Lanka goes beyond the impot ban

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 Mobility in Sri Lanka goes beyond the impot ban

Prior to the import ban, Sri Lanka was importing around US$ 1.5 billion worth of motor vehicles annually and the country is incurring a massive revenue loss due to this initiative motor traders said.

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Friday, 19 March 2021 22:58

Sri Lanka’s first ever end-to-end online supermarket launched

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Sri Lanka’s first ever end-to-end online supermarket launched

SUPERBOX, Sri Lanka’s first ever end-to-end fully-integrated online supermarket specialising in grocery has been launched to cater to households all over Sri Lanka.

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Thursday, 18 March 2021 21:38

Digital data information Project fails to provide benefits for farmersDigital data information Project fails to provide benefits for farmers

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Digital data information Project fails to provide benefits for farmersDigital data information Project fails to provide benefits for farmers
 

Digital Economic Strategy Development Project for Sri Lanka farmer’s insurance scheme has not been made to use by the Agriculture and Agrarian Insurance Board causing a heavy loss to the state, Government audit inspection divulged.

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Wednesday, 17 March 2021 10:08

Sri Lanka's manufacturing and service sector edges up last month

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Sri Lanka's manufacturing and service sector edges up last month

Manufacturing and Services sectos rebounded in February driving Sri Lanka’s Covid-19 hit economy after its down trun began in April 2020 to the lowest levels.

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Latest Business News

Pakistan and Sri Lanka discuss ways to boost bilateral trade

Suspension of 399 vehicle import takes a new twist

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CB devices Concessionary Scheme for Covid-19 hit Businesses and Individuals

Lakma Holdings promotes Colombo Port City

Fuel price hike in the offing as crude oil soars

World Bank and EU assist lively hood of Covid hit SL farmers

Access Engineering takes up ihe lead in in building material manufacture

CB Governor predicts lesser economic impact from latest COVID-19 wave

State revenue declines with mounting losses

CPC to hike fuel prices in line with global price rise

Port city land generates US$1500 million says State Finance Minister

Covid -19 hit Sri Lanka economy experiences renewed disruptions

  Two Financial institutions fined for non-compliance with FTRA

ComBank makes strong start in 2021

Sri Lanka’s external sector records a mixed performance in March

Japan’s SBI Group invests $2 million in Watawala Dairy Farm

BOI goes off target in its mission of attracting FDIs

Foreign currency transaction monitoring system gets launched

MBSL records strong turnaround in 1Q

Bilateral and multilateral grants to Sri Lanka decline last year

Sri Lanka Banks face headwinds in Covid-19 third wave

ICRA LANKA UPGRADES ASIA ASSET FINANCE RATINGS

Exporters’protest against conversion of 25 % of dollar earnings to rupees

Nestle launches hi-tech advancements in storage quality assurance

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